Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Equinox Systems (EQNX) -- Ignore unavailable to you. Want to Upgrade?

To: Ron Kline who wrote (555)	6/24/1998 11:35:00 PM
From: Quad Sevens	Read Replies (1) \| Respond to of 765

<< I'm much more interested in a company that can deliver even earnings growth with no surprises. EQNX had been one of those stocks until now. >> Ron: EQNX also gave a nasty surprise to shareholders back in December 96. The drop back then was from about 7 3/4 to 5 1/2 (split adjusted). Interesting fact: EQNX had a higher PE then at 5 1/2 than it does now. The drop this time has been 50%, compared with a 28% drop last time. We're sitting on 3 bucks/share in cash. EQNX has shown it can have a quarter or two of flat earnings, but the year-over-year comps look great. No debt, all that cash, hmmm .... A PE of 10 seems low in this interest rate environment. EQNX is currently being valued like a utility or commodity disk-drive maker, or worse. This thing should be at 10 or 11, and I think it will be after said dust settles. Funds have a little windowdressing to do for this qtr yet, yes? I would wait a little. Wade