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Technology Stocks : Elamex(ELAMF) -- Ignore unavailable to you. Want to Upgrade?


To: Ron Bower who wrote (143)10/30/1997 12:16:00 AM
From: j rector  Read Replies (1) | Respond to of 276
 
Ron,

I like to invest in fields where my Airedale could
manage the company and make money hand over fist.
ELAMF is in such a field. They just have to put their
capital to work.

My upside downside in next 9 months FWIW:

downside: mexican inflation w/out peso devaluation,
acquisition doesnt happen. I can't see them making
less than .80 next year, and at a PE of 8, this is
still an $7 stock.

upside: peso devaluation concomant w/little mexican
inflation. Large acquistion. Impact of previous
acquisitions on earnings. Upside earnings: ~1.50.
PE of 12 would yield $18 stock. I'll take my chances.