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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (21048)	1/22/1999 5:53:00 PM
From: Chuzzlewit	Read Replies (2) \| Respond to of 77397

OT Only sometimes?? I'm just a pussycat and I'm always nice to have around. Seriously, I'm a financial analyst, not an accountant, and there is a world of difference between the way we view things. Finance people like to deal with cash, while accountants deal with mysterious, amorphous concepts like earnings, and depreciation. Finance guys (and cats) talk to engineers, while accountants mainly talk to one another to figure out how to obscure the obvious. It might interest you to know that one of the the first things a finance guy tries to do is translate accounting data into cash flow. Not that long ago accountants used to prepare a statement called "changes in working capital". It had no intuitive meaning. None! Now, thank god, they prepare cash flow statements that are understandable by most people who take the time to read them. That's why I keep urging you to read those sections of the 10-K and 10-Q that deal with cash flow and liquidity. TTFN, CTC

To: Lizzie Tudor who wrote (21048)	1/25/1999 6:11:00 AM
From: lef	Read Replies (3) \| Respond to of 77397

To the Csco thread, Being a stk holder in many high tech stks like MSFT,CSCO,SEBL and Lucent I have been doing exhaustive research looking for excellent smaller cap stks to take some of the octane out of my porfolio. Recently I have come across two fine co's that are30% growers that are undervalued and undercovered by Wall St. The first one is Rock of Ages Corp. [ROAC] selling at $13.50. Founded in 1885 ROAC is the only fully intergrated quarrier,manufacturer and retailer of granite and granite products in North America.Insiders controll most of the stk and Goldman Sachs,Fidelity Mgt.and Wellington Mgt combined controll 21%.Book value is $11.10 and 1998 earnings will be $.90cents and 1999 are projected to be $1.15. The other stk is American Business Financial Services [ABFI]they are a leading subprime lender who has been doing all the right things.They earned $3.13 in 1998 and are projected to earn $3.75 in 1999.Stock sells for about $14.00,that's a PE of 4. Do your own research like I have been for 31 years and reach your conclusions.To me here are two faet growing very low risk co's stks that add some balance to my heavily weighted high tech portfolio.. Regards lef