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Technology Stocks : NovAtel - Global Positioning Systems -- Ignore unavailable to you. Want to Upgrade?


To: JAMES BORECKI who wrote (89)2/4/1998 11:58:00 PM
From: David Rubin  Respond to of 191
 
Good news indeed, but these results were already announced on January 26 and the market did not react favorably.

However, in this press release the words from management are very positive. Net income from continuing operations grew 40% from last year. At $8 the stock is trading at a trailing PE of less than 13 which is certainly undervalued.

For the stock to make a significant move, I think we need a major event, such as an upgrade from Prudential (who still has a hold rating) or some new analyst coverage. I've taken Robert's advice to be very patient with this company.



To: JAMES BORECKI who wrote (89)2/5/1998 5:05:00 PM
From: Robert T. Quasius  Read Replies (1) | Respond to of 191
 
Now that the Dow and S & P are back up to lofty levels, the street is starting to pay more attention to mid and small caps. Apparently, the attention hasn't shifted to micro caps yet. Give it time.