Gentex (GNTX) Message Board

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Non-Tech : Gentex (GNTX)

GNTX 23.47

+0.4%

Dec 26 9:30 AM EST

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To: Turs who wrote (180)	5/10/1999 11:43:00 AM
From: Turs	Read Replies (1) of 196

Wow! Don't know what's moving it today, but I took the opportunity to sell into the strength. Sold 25% of my holdings. I am still short those calls as well, which would bring me down to 40% of my previous position if I don't buy them back. Stock is now trading at 37X '99 EPS and 34X forward 12 mos. EPS of .95/share. That's the highest absolute P/E, P/Sales, P/Book since early '94. It is actually much cheaper on a relative valuation to the S&P 500. But I still find it hard to believe that the stock is not going to take a rest soon. Unlike the Internet stocks, there is not the same sort of scalability to the GNTX model - in the end, it's still a manufacturing company. I really hope I haven't sold out in front of some huge move in front of a change in GNTX's future (i.e., windows commercialization). I'm gonna hang on to the rest no matter what! Turs

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