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Microcap & Penny Stocks : SETO Semicon Tools Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jan_mike who wrote (454)	1/28/1998 1:22:00 PM
From: Max Fletcher	Read Replies (2) \| Respond to of 3222

<TG the number man - whats the smallest p/e ever recorded?> I've been quietly following SETO; haven't gotten in yet but it sure looks promising. To address your comment, I do own another stock, HTEK, which earned .62 in 1996 w/ excellent bal sheet but went nowhere in terms of price (still around $2). So there are some amazingly low pe stocks around. If the companies can maintain or grow earnings they'll get recognized eventually I believe. Good luck to all with SETO, maybe I'll be joining you...Max

To: jan_mike who wrote (454)	1/28/1998 2:14:00 PM
From: TraderGreg	Respond to of 3222

<TG the number man - whats the smallest p/e ever recorded? > Don't know if you mean a small positive P/E or a very small number which is a large negative P/E. If it is the latter, smallest would be a number approaching negative infinity, ironically achieved when a company is at a slight loss per share with a relatively high stock price. Now, when the EPS goes to slightly positive then then the P/E would go from a large negative number to a large positive number. Sort of a disconnect huh. BTW, why should the suits go after SETO when they can genuflect before the NSCP and AOLs of this world. NSCPs P/E is now around -100!! TG

To: jan_mike who wrote (454)	1/29/1998 1:08:00 AM
From: Eric Fader	Read Replies (1) \| Respond to of 3222

Mike -- Raytech (RAY on the NYSE) has a P/E of 1.18. Don't go buying it, though, because they have huge contingent liabilities for asbestos. When a co. has a tiny P/E, there's usually a catch. With HTEK, it's a fear of their dependence on one big customer and a small float and low price that discourage institutions. With SETO, it's just too soon after the merger for most to have noticed, plus the OTC-BB status and Asia connection are problems thus far. When a stock with a tiny P/E gets "discovered," the results can be explosive. Check the 5-year charts for PPD and XETA, to name a couple I've followed.