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Strategies & Market Trends : AMIGOS INVITATIONAL YEEHAW PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (543)	7/5/1999 9:28:00 PM
From: Sergio H	Read Replies (1) \| Respond to of 1316

MLT Jim, MLT is a play on the Asian recovery, semiconductors and telecomunication rolled into one. 64% of their prior year revs were business communication services and the remainder was from semiconductors. They have a strong interest in Asia. The stock is down from the 20s due to earnings shortfall, (reported .09 vs est.15 vs .13 prior yr.) but it's selling right at about its breakup value and at a 50% discount PE to its peer group. Management has been successful in decreasing debt and has initiated a stock buyback program. There has been some institutional buying and the stock seems low risk at this level. If earnings improve the upside will develop, if earnings don't improve, the stock won't trade for much less than its present value. I think earnings will come out on the 24th or thereabouts. Sergio