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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (1000)	12/18/1997 1:36:00 PM
From: Creditman	Respond to of 2542

How about TSEMF for a "cheap, low multiple" stock? It's my pick.

To: jeffbas who wrote (1000)	12/18/1997 1:57:00 PM
From: 18acastra	Respond to of 2542

Think you misunderstood the tone/them of my message. They might be fine stocks, you just have to believe that they will continue to do well over time and then you will ultimately be rewarded. However, they are not cheap enough (selling at discount to book value) that you can make money on a pure asset play or totally oversold basis. Really wasn't trying to pick on these companies, just pointing out that you won't make money on these stocks just because they are in the high growth ECM sector and trade at a discount to Jabil or SLR multiple. Again, like I said in my last message, if these guys continue to grow consistently at 20%+, you will probably make more money owning Plexus or ACTM now than you will Solectron. Clearly, Wall Street does not believe these guys will grow (implied in price). When Elexsys was $10, Wall Street didn't believe there was a lot of value to that business. Clearly they were wrong. My opinion.