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Technology Stocks : Park Electro (PKE) - Why tanked 7 points? -- Ignore unavailable to you. Want to Upgrade?

To: Dante Sinferno who wrote (54)	10/13/1998 6:04:00 PM
From: MARTIN H SILTON	Read Replies (1) \| Respond to of 57

Robert--There seem to be a few reasons why Park could be up. The stock classically bottomed on high volume around 11-12 and, since the Company bought a large percentage of the stock, there shouldn't be much overhang. Meanwhile, it's still selling below book, with well over 100 million in cash, and possibly at about 10 times next years earnings. And it's a very solid company in businesses that should continue to grow rapidly over the long term. The move to 15+ might just be a snapback rally, but on a long-term risk/reward basis the stock at 15 looks to me like a steal. Martin