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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector -- Ignore unavailable to you. Want to Upgrade?

To: Creditman who wrote (1541)	5/24/1998 1:33:00 PM
From: John Morelli	Read Replies (1) \| Respond to of 2542

Don't disagree about the attractiveness of the industry but if you mention both FLEXF and NTAIF in the same sentence it suggests they are equivalent. I respectfully submit that they are not. Its quite amazing that this sector does not command a higher PE given its prospects (20% growth/yr. as compared to S&P, 8%). They need more coverage by major brokerage firms possibly. I think one should assess these companies against many criteria for example: quality of management, financial performance & financial strength, scale of operations (including both business volumes and geographic reach), breadth of product line, extent of value added, attractiveness of customer base (blue chip nature, potential for growth etc.,) etc. Conventional financial benchmarks, P/B, PE, PE to growth rate, are in my opinion important but only one part of the picture. I believe this has been covered previously on this thread. If evaluated against all these criteria, NTAIF is not in same league as FLEXF. JMHO