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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Volsi Mimir who wrote (2542)	3/2/1998 7:13:00 PM
From: Crossy	Respond to of 37387

Eddy, implicit PSR (based on current quarter) for SPLI is 1.40 which is OK, cheap but no bargain like p.e. WFR/LRCX. PE ratio of 6 is based on historic year. The problem is stripping the current quarter figure off its ramp-up costs. Current quarter is 0.26. But last quarter was 1.57 with a legal award of about $0.70. This should mean that $0.80 is attainable on a going concern basis. (my estimation). Current 0.26 is artificial distorted due to ramp-up of new products I think. This means my adjusted implicit Earnigns target is stg. like $3.20 annually, still a PE of 5. Good stock, I might get in if TA is also favourable, And TA is ok, I mean the current digestion period is accompanied by very low volume. On the other hand IPOs tend to climb then drop back. But valuation here is low. The IPO might deter people like me to get in. Anyway, this one is worth a second look anyway. On LTXX, it has an implicit PSR of 0.88. Very low and very favourable. Also test & metrology is not supposed to be hit by the Asian Crisis to that extent. Insitutions are buying in, which is very healthy. I think it is a buy until $6-6.5 level. I do like this stock.. best wishes cROSSY