SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Mapics, Inc. (MAPX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JDN who wrote (118)4/20/1999 9:51:00 PM
From: Byron Angel  Read Replies (1) of 141
 
With MAPX now trading at around $5, it looks more and more to me like $4 was the low point for the stock. Both economic and stock market trends now favor MAPX. The U.S. economy is doing well, Asia is beginning to show signs of economic life, and the European Central Bank is stimulating Europe's economy. All these factors are favorable for the manufacturing companies that buy MAPX's software.

Ken Heebner, the well known mutual fund manager, was quoted in today's Wall Street Journal saying that money is now rotating into stocks like MAPX. “I think you are going to continue to see money flow out of the overpriced, large-cap tech area and Internet area and into value stocks, or lower-priced, out-of-favor issues”, Heebner said.

At $5 MAPX is trading at less than 9 times this year's expected earnings and less than 7 times next year's, so there's plenty of room for the stock to continue to move up.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News