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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (4289)	12/11/1997 9:26:00 PM
From: David G.	Respond to of 120523

BRIGHTPOINT (NASDAQ:CELL) - AN UNDERVALUED GEM The market has beaten up Brightpoint (NASDAQ: CELL). It has fallen 30-35% to $16-18.50 on the Asian crisis news and has very good potential for a recovery. Brightpoint has solid fundamentals, high integrity and one the best management staffs in the telecommunications industry.They have many new large clients and have been growing like wildfire. Of the twelve analysts following Brightpoint, several have recently upgraded their recommendations to a STRONG BUY. Wall Street average recommendation is now 1.5 from 1.7 in September. Analysts have revised FY98 earnings estimates in the past 60 days from $0.60/share to $0.675/share. Brightpoint represents an excellent discount value at its current level, down from its recent high in October of $24.50 (split adjusted). Analysts have announced short-term price targets of $20-24 (split adjusted), and medium-to-long term price targets of $30-40. The big news which is rumored to come any day could trigger a sharp move up to its target. MORE... Message 2855512