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Technology Stocks : CLST - CellStar Corporation -- Ignore unavailable to you. Want to Upgrade?

To: HVN who wrote (233)	1/21/1998 10:37:00 PM
From: Kevin Hay	Read Replies (1) \| Respond to of 641

re: <. It's NOT! It's a distributor > Wireless distributor <> wireless company? whatever works for you. Guessing bottoms and tops is tough, if not impossible. What I'm saying is that their growth rate can slow 25% AND they can write off a large portion of inventory and their valuation will still be low. Criminals? Hard to say. All bets are off if that's the case. I think it's more likely that they have an obsolesence problem and will be writing down their inventory in the near future. If they were criminal, it wouldn't be so easy to see the problem. All bets are also off if growth stops. But even in Asia, is that likely? I think not. I think for a lot of businesses wireless is a bonafide advantage that people will 'need' to stay competitive. Yes they've got an inventory build up. Yes they have ~30% of their sales from Asia. I believe this is priced into the stock. Time will tell. Even if the market stays flaky I think 18-19 will be the bottom. Mr. Pink, if you have evidence for your criminal claim, other than their balance sheet, I'd sure like to hear about it. Thanks -Kevin