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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: ALTERN8 who wrote (376)	10/10/2001 1:18:52 PM
From: Baton	Read Replies (1) \| Respond to of 13660

Alt: I just read the annual for LPTH. They have cash and no debt. All of the acquisitions from last year are cash flow positive. Their main business (collameters and gradium lenses) are extremely automated and less dependant on hands on workers - when the cycle changes, they could make real money pretty quickly. Provided their burn rate stays the same, they should last through the downturn. I bought a bunch around $2. Of course I am still holding some from $7 three years ago, but I made over 60K selling most of it in the high 50's, so I can't complain too much about it. Perhaps it qualifies as a legit ratdog here. Baton