Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MYT - Mytec Technologies -- Ignore unavailable to you. Want to Upgrade?

To: stevie who wrote (756)	12/14/1997 6:26:00 PM
From: Steve Johnston	Read Replies (1) \| Respond to of 1535

I'm afraid that $8-12 per share is pure wishful thinking. Based upon their existing Touchstone business, MYT (at $1.50 per share) is trading at about 65X twelve month trailing earnings. We will just have to hope that they still have enough new contracts and new products in store to quickly ramp up revenues and earnings, without having to raise new financing. If not, MYT will drop to a more reasonable level of probably 30X earnings, at which point we own a penny share. The only good news I see at this stage is a relatively strong cash position and the fact that the Management has changed.. Regards.