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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper? -- Ignore unavailable to you. Want to Upgrade?

To: wiz who wrote (112)	11/29/1998 8:10:00 PM
From: Leo Francis	Read Replies (1) \| Respond to of 186

Mark, actually margins are up and costs are down. Are you reading the recent 10K? The reason you will hear, is that sales levels did not materialize as planned. Reagarding stock price, I like LEIX on a price to sales ratio. LEIX still had revenues of 91 million, and the market cap is only 10-12 million. I see value here. The strategy is quite simple. Chase and LEIX will drive this stock up through performance and PR. I'm betting $15-20. LEIX then will issue about 500K-750K shares, and wipe out the debt. Once debt service is nearly eliminated, about 3 million dollars drops to the bottom line, as interest expense reductions. Also keep in mind that LEIX had operating income in 1998. (versus net income) Let us know what Mark says. Good Trading, LF