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Non-Tech : Gentex (GNTX) -- Ignore unavailable to you. Want to Upgrade?


To: Rich B. who wrote (186)8/28/1999 9:22:00 PM
From: Turs  Read Replies (1) | Respond to of 196
 
Sorry - I was on vacation for 3 weeks. Yes, I bought back in at $22 1/4. Stock is down based on:

1) higher interest rates, which imply a slower economy and slower auto sales
2) another announcement of a licensee by REFR and
3) that company holding an informational conference call on the 18th. You can listen to a replay of it on the Web. Visit their site.

Stock is a nice buy here at 20X forward 12-months earnings earnings. But it's still not as cheap as last fall at $11 (15X forward). But with the impending communications mirror product and a possible announcement on EC windows this winter, I think you want to be involved. The stock has rarely been down over 40% and it's always served as a great buying opportunity.