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Technology Stocks : JMAR Technologies(JMAR)

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To: Gooch who wrote (7927)5/11/1999 4:13:00 PM
From: Bilberry  Read Replies (2) of 9695
 
Gooch you are putting words in my mouth. I never said they were abandoning brightlight for XRL. Remember that the X-ray sources are composed of the brightlight modules. There is no flip flop here. JMAR has been working to this goal for 10 years. The other events and businesses were sidelines while the XRL process was developed. Here we are months not years away from the homerun, and you are complaining. What they heck do you want???? JMAR has the potential to be a hundred dollar stock in several years, is that not worth waiting for? The scientific community is extremely excited about JMAR's breakthrough. The investment community will be as well when JMAR hits the 24-30 watt power levels in the next couple of months. We are on our way. I am very comfortable putting JMAR away now and feeling comfortable that there is a good probability of having at least a ten bagger in 2-3 years, if not a twenty bagger. The margins on these x-ray units will be very large, the potential number to be sold large as well. JMAR's only sin is that they took longer to get here than they thought. But how often does science happen on a precise schedule? Don't damn the management, praise it for what is about to happen.

Do the math. JMAR gets 20% of a 4 billion dollar market. That equals $800 million. With 50% margins (should be more actually), you get $400 million gross profit. Take out taxes and you have $10-15 earnings per share. With a 30 p/e you have a $350 to $400 stock. That is the long run potential. And my 20% of market share estimate may be conservative as well since JMAR will be the leader in this field.

--Bilberry
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