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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Pallisard who wrote (7137)	1/16/1999 12:33:00 AM
From: MGV	Read Replies (1) \| Respond to of 27311

I'll keep this explanation in very simple terms pallisard. Take a look at a five year chart, a three year chart, a two year chart, and a one year chart comparing MIKL and VLNC. Over 5 and 3 years VLNC has a negative return. MIKL has done very well. Over 2 years MIKL also beats VLNC handily. This is true even after a year in which MIKL has not moved (in share price). The reason it has done well is that it has reported sustained revenue and profit growth. It continues to grow as the market has shifted away from small caps and to an even greater extent defensive small caps. As long as MIKL continues to grow earnings and do it in a consistent and predictable way, the multiples will shrink as the price remains flat. The upshot is that price does follow. Unless you are a trader who knows what he is doing and has the time to do nothing else (and you are rather vociferous in showing that you eliminate yourself from further consideration on the first criteria alone), consistent, sustainable growth, excellent, focused management, and a competitive edge in the marketplace are the metrics on which to focus. These criteria do not fail in the intermediate to long run. Look at MIKL over the intermediate to long run.