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Gold/Mining/Energy : Microstar Software -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (35)	12/27/1997 4:46:00 PM
From: sPD	Read Replies (1) \| Respond to of 96

You're absolutely right Ciao, thanks for pointing that out - I had taken current assets of $4M as the numerator. According to the Investor's Digest of Nov 21, 1997 (page 483), a newsletter called Buy Low, Sell High recommended Microstar as an "undervalued stock of the month" when it was at $2.10. The extract reads ".. because of the renewed focus on its services group and cost controls, has significantly enhanced profitability. With a working capital position equivalent to about $1 share, it appears that investors are attributing a value of roughly $3.5 Million to the company's operations, or only 4.4 times projected 1997 earnings".