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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: CrazyTrain who wrote (4185)	10/24/1998 11:55:00 AM
From: Glenn	Respond to of 7247

On March 13, a good friend of mine (who trades heavily) strongly recommended DAVX (which was trading at 30). He's a value investor and liked the numbers. In response to your question, the numbers are sure better now. The stock is trading at about 7. If they are competitive with their call centers, DAVX is a very good pick.

To: CrazyTrain who wrote (4185)	10/24/1998 12:32:00 PM
From: Glenn	Read Replies (1) \| Respond to of 7247

That was a nice post. What the heck, its can't go down much, I'll buy some Monday. With 4 dollars a share in cash, it can't go down too much. "But a closer look reveals a picture that is not quite so bleak. For one thing, Davox has almost $4 a share in cash and no debt." "Since 4/20/98: The price-earnings (P/E) ratio for DAVX has been less than its average next year's projected earnings growth rate. For small and mid-cap stocks in particular, this is generally considered as a sign that a company may be undervalued" I appreciate the heads up. I forgot all about the company.