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To: Dale Baker who wrote (361)	12/23/1997 6:34:00 PM
From: David Rubin	Read Replies (3) \| Respond to of 118717

Submitted for your evaluation: SDII - Special Devices. One of two major manufacturers of pyrotechnics for air bags. They have consistently beat earnings estimates for the past few quarters. Yesterday they did it again, announcing $0.44 versus the $0.40 estimate. Earnings for the year came in at $1.37 which was above the high estimate of $1.34 and average estimate of $1.31. Despite consistent earnings surprises SDII appears to go unnoticed. It is trading at a trailing P/E of 20, and 16 times 1998 estimates despite growth of over 40% this year and expectations of 30% going forward. The chart showed signs of breaking out this week after 3 days of gains on increasing volume, but it stumbled a bit today with the rest of the market. Seems to me SDII is an undervalued, undernoticed tech stock with great potential. Any opinions?