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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (6731)	7/29/1998 10:49:00 AM
From: Gator	Read Replies (2) \| Respond to of 25711

Joe, what do you think about QUST? Hugely undervalued at $5 5/8. Book Val: $9.73. P/E 10.7. Last 12 mth eps $0.52. Next earnings due this week or next, analysts expecting $0.16 vs. $0.12 last year (but that was before two recent acquisitions which the CEO said would be immediately accretive to earnings). Shares Outstanding: 2.14 million Float: 1.4 million Short Position: 130,000 shares Stock is selling near 52 week lows. Company recently converted preferred shares to common (1.4375 shares of common given for each share of preferred), which triggered some selling (people selling their "extra" shares). Way oversold at this point. Warrants are a good play (QUSTW - 1 9/16-1 5/8). Coverage by Ladenburg Thalmann and Joseph Charles. CEO Dominic Polimini expecting a revenue run rate of $100 million this year and $200 million next year, thru acquisitions (very fragmented industry) and internal growth (15-20%). Every acquisition to date has been immediately accretive to earnings. Gator

To: Joe Copia who wrote (6731)	7/29/1998 10:59:00 AM
From: musicguy	Respond to of 25711

VLAB tidbit: earnings out last Friday, not so great. But, they may be in good shape... the CEO says, "'With the exercise of warrants during the quarter, the company is actively investing in new products for our audio-visual and educational markets and intend to return, selectively, to the computer-based videoconferencing market in the third quarter with the introduction of a low-cost digital FlexCam and the formation of an internet sales unit. We also continue to actively pursue acquisitions to utilize the $3.6 million in positive working capital on the Company's balance sheet.'' " At 1 1/8 this is always a safe bet.. it bounces around between here and 1 5/8... trades fairly slowly. I am not in at the moment, but will keep my eye on it. I have made money twice with this one, thats all that matters to me... MG