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Technology Stocks : IMSX - International Manufacturing Services -- Ignore unavailable to you. Want to Upgrade?

To: Scott D. who wrote (57)	5/25/1998 12:20:00 PM
From: KJ. Moy	Read Replies (1) \| Respond to of 69

I think this stock is way under followed. If they turn in the .16-.17 earnings, that would make their current fiscal year PE of 13 at the current price. With the projected fiscal 1999 earnings at .87, the projected growth rate is about 45%. At a PE of 20 for next fiscal year, this stock should be at $18. I think the market penalize stocks such as IMSX, they are in a cutthroat business, competition is fierce. However, people underestimate the difficulty of managing foreign manufacturing facilities. Besides currency fluctuations, quality control is a big thing. When they can demonstrate cheap productions and good quality, their growth rate will be sustainable for the foreseeable future. Stock price should appreciate. All IMHO.