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Technology Stocks : Microlog(MLOG): Ready to Move?! -- Ignore unavailable to you. Want to Upgrade?

To: Dr. J who wrote (369)	1/10/1998 5:32:00 PM
From: ChrisJP	Read Replies (1) \| Respond to of 595

Hi Dr. J., I'm not gonna walk you through the numbers, but in Dec I posted the First Call consensus estimates for MLOG which appear to track their performance quite well. The short summary version: taking out the wacky tax loss carry forward, MLOG made something like .44 last year and is on target to make something like .64 this year. A 15:1 P/E puts them properly valued at $9.60. An 18:1 P/E puts then at $11.50. And here we are at $5.50. The company CFO is stumped as to why the street puts such a low value on their shares. I think it's time for them to announce a stock buyback plan. Even 50,000 shares would get some attention, given the low daily volume. Chris