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Non-Tech : Simula (SMU) -- Ignore unavailable to you. Want to Upgrade?

To: Jaime H. Ayalde who wrote (1340)	8/27/1998 1:01:00 PM
From: Noblesse Oblige	Respond to of 1671

Hi Jaime.... Eventually, earnings are always all that matters. All the rest is just "hype." Hopefully, this company has 16G finally in hand. Considerable management attention is being focused on it, and often when I seek to speak to corporate managers, it is in San Diego that I must call them. Everything I know suggests that the consolidation went smoothly, and the company is about ready to start moving up the plant's throughput. ITS continues to perform admirably, and that division as a standalone is worth more than Simula's entire current capitalization. The stock is priced very inefficiently, undoubtedly because of margin pressures and the overall market environment. As my father used to often tell me, Jaime, "This too, shall pass." Patience is required for long term investing, and while I don't wish to minimize the reality that management shot all of us in the foot with the original 16G rampup attempt, the volatility in small caps (and the realization that this subset of the market has been in a "bear" configuration already for quite some time) makes the going "tough" for the moment. As I look at my "market minder" screen, I have approximately 200 stocks listed. Right now, only three are green, indicating up for the day. That is a tough flow to go against. Have a good day.