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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (12443)	5/8/2001 12:26:05 PM
From: Bob Rudd	Read Replies (1) \| Respond to of 78476

jeffrey: I don't pay as much attention to charts with microcaps, but I can see breakng of intermediate term downtrend line [2 touch] starting June, 00. Topline growth hasn't rung bells, but divestments have clouded the picture. The core biz topline growth is 5 to 10%. Bottom line from -.26 in 96 to +.45 in 00 looks good irrespective of divestments. Going forward, if HDTV ramps up to become the standard as it's scheduled to, these guys are well positioned to take advantage of that and it would ramp growth depending on speed of adoption. Other than valuation aspect, I'm piggybacking on Dale's recommendation as I don't have a great 'feel' for this biz. IR confirmed that the shareholder rights plan was to prevent someone stealing the company, but they would look favorably on being acquired by right company at right price.

To: jeffbas who wrote (12443)	5/13/2001 5:45:08 PM
From: Dale Baker	Respond to of 78476

Hi Jeff - A couple of comments since I started the LPAC interest. If LPAC sinks back to $2 it could be dead money for sometime. The break and hold over 2.50 is crucial in my mind to the stock's eventual progression to fair value over $5. LPAC was dumped viciously in December for tax loss selling. The institutions would have started dumping at $10 and finished once LPAC dropped under $5. This is not a fund-held stock, at least not for now. Forward growth - I expect minimum 10% and up to 20%. It is not a business where you can ramp revenues tremendously without personnel and equipment additions - growth is also not easy to digest. LPAC's virtue is an established, profitable business in a stable industry (no matter who is hot and who is not, TV shows and movies are always made and have to be post-produced). Sooner or later, I expect a triple from my position averaged in at $2. Good luck.