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Microcap & Penny Stocks : LASERPACIFIC (lpac) -- Ignore unavailable to you. Want to Upgrade?

To: Fundamentls who wrote (406)	2/18/2001 9:59:05 AM
From: Dale Baker	Read Replies (1) \| Respond to of 542

I agree with everything except the prospects for huge growth. Growth means more equipment and personnel that take time to bring on board. LPAC's business is not easily scalable like a software firm. The work probably can't be easily outsourced either without crushing margins. But we don't need huge growth when we have a successful, established industry leader that throws off positive cash profits year in and year out. No reason for LPAC to trade under $5 when it can crank out .50 EPS consistently. Over $10 makes more sense. Over time, LPAC could ramp up the $30 mil. annual sales to $50 mil. or better with good management. More than probably any other company I own, I would be happy to invest privately in LPAC for the short-term income and long-term share value increase it would provide. The downside from here looks like .50 or so at worst with an upside in the multi-bagger range. Not often you get to buy a solid company this cheap (last time I did it was STKR - check the chart). However long it takes, I am in LPAC for serious returns as long as management continues to execute. Six weeks or a year, the result should be the same eventually.