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Technology Stocks : ULBI..Ultralife Batteries -- Ignore unavailable to you. Want to Upgrade?

To: David Maginnis who wrote (312)	12/1/1998 10:11:00 PM
From: webpilot	Read Replies (1) \| Respond to of 522

Dave, It is a great battery, I also use them. If I might , I will modify your figures a bit. The rate is now closer to 25,000 per day. They will only be shut down on X-mas Day, so 364 days, they sell wholesale at the factory at $4.00, and they were aiming for 35-45% margins starting now, so the profit is more like $1.60 per battery. I think that with all the other things going on, you could apply a PE of about 30. Also cash on hand is closer to $35,000,000. This is a lot more than one bird in the hand. Looks like a bright future to me.