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

To: jan_mike who wrote (465)	1/29/1998 1:30:00 PM
From: Max Fletcher	Read Replies (2) \| Respond to of 3222

Mike: It appears this co has a low PE and good growth prospects, maybe even excellent growth prospects. Earnings of .11 and .19 forecast certainly catch one's eye. I have not yet studied it enough to become a buyer, but may get to that point (though I would have to sell something else which makes it a harder decision). I did notice that the overseas co they bought has Current Assets and Current Liabilities each of about $14M, which raises some liquidity question, though the co does note that the acquired co can fund its operations through internal cash flow. Also, they noted that the co would seek additional equity to support the projected growth of the new co. So these are factors to consider. As to when this co will get recognized by the markets in terms of share price is anybody's guess, presumably at such time as some bigger players notice the co. That aspect of investing still baffles me. Anyway, just some thoughts...Max