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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: Jay D. who wrote (1976)	3/3/1998 9:22:00 AM
From: DAVID C. DeANGELIS	Read Replies (1) \| Respond to of 7054

Jay, I'll repost 2/26/98 I.I. update From I.I. Price dip makes for good entry point; Buy (2/26) In the last few months, the shares of ACRT have declined more than 60%, closing at $13.25 on February 25. The reason behind the dip: rumors regarding Actrade's president and CEO Amos Aharoni and the company's financial statements. We spoke with management, and there is nothing incorrect with the firm's accounting procedures. In fact, ACRT's accounting is conservative. On February 25, ACRT issued a press release stating that there have been no recent developments which could be expected to hurt ACRT's operations. We continue to rate ACRT as a Buy due to its strong fundamentals and impressive earnings growth and dominant market position. Its TAD program is growing on average at more than 200%. The shares of ACRT represent a buying opportunity at current price levels. The stock trades at a P/E multiple of about 30, compared with the company's historical P/E multiple of 65-70. (Posted 2/25/98 with ACRT trading at $13.25 per share) iionline.com