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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?


To: NASDBULL who wrote (3851)9/13/1998 9:15:00 PM
From: Bilberry  Read Replies (1) | Respond to of 119973
 
NASDBULL, I also follow JMAR and it is not $3, but $2 and I believe that this is the bottom. JMAR is supporting the price at these levels with its stock buyback. I believe that it is incredibly undervalued here. Stock trading at 20 times earnings based on only one of its businesses which is growing rapidly. The other divisions are scheduled to go online late this year and next year. Once these are online, the earnings will mushroom from current levels. These are not in the price. There were some recent developments that make JMAR very appealing:

* Bank Credit line increased to $6 million at prime rate
* $13 million awarded to JMAR from DARPA
* JMAR announced share buyback up to $2 million
* September pick for newsletter Savvy Investor

News: biz.yahoo.com

Homepage: jmar.com and ppli.com

--Bilberry