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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (3327)	2/25/1998 2:37:00 AM
From: Paul Senior	Read Replies (2) \| Respond to of 78482

James Hopkins: Would be interested in your opinion if you come across anything on Banctec - BTC. They make scanning and check processing equipment for banks. In my Oct. 24, 1997 post I wrote: "I like Banctec (BTC): low pe, rising sales, improving ROE (17%) May be that the company is misperceived on Wall Street (more likely I'm the patsy in the poker game -g-). Funny though how its pe seems to hang in the 13 range, year after year (except that in '95 they lost money). Rev's have more than doubled in past five years; earnings are at a record; co. has just announced authorized sh. buyback of about 10% --- all good stuff IMO. Price seems a tad high though based on my valuation model (19 would be good)- but at current price and pe, and perhaps continued revenue growth, it's still worth a buy IMO. Bot a small amt at 24.1/4 today." Still own it. Nothing's changed that I can see - either with the business or with the stock -g-. Please post if you come across anything on BTC during your PLSS trip. Thanks. Paul Senior