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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper? -- Ignore unavailable to you. Want to Upgrade?

To: Jan A. Van Hummel who wrote (47)	3/10/1998 7:52:00 PM
From: Leo Francis	Read Replies (1) \| Respond to of 186

Jan, as you have gathered, LEIX is currently a thinly traded stock. One reason is that about 90% of the shares reside with the CEO, employees, and a couple of institutions. With current valuations of only 1/4 to 1/5 sales, I view this as an opportunity, as I expect interest and demand to pique as LEIX starts establishing some positive earnings history. Earnings are due the end of this week. If they report a profitable Q2, with a favorable Q3 outlook, I expect the stock to pop to 10-12. I still think a market cap of only 100-120 million (30-40stock price) is not unreasonable if they can put together some profitable Q's. Currently, in my trading account, I am sitting on cash, and LEIX long. Good Trading, LF