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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: hoffy who wrote (2850)	2/14/1999 4:53:00 PM
From: Andrew H	Respond to of 52051

Hoffy, I am not interested in persuading anyone to buy NMGC and have no position myself. However, the fundamentals remain very strong on this stock and it has captured more and more of the graphics market for notebooks. If you look at a chart for the last year you will see that the price has fluctuated between 11 and 23, while the earnings and revenues have increased very rapidly. Various analysts continue to be very strong on the company's prospects, but there are not many companies that can continue to grow at 100%/year. IMO, this stock is a great value play and has been undervalued for the past year. The bottom indeed appears to be at 11 as SW says, and from the chart of the last year, I think a double is quite likely at some point in the next year. It is probably not a great short term play but with 15-20% growth forecast over the next year and selling at 11 times earnings, and near its yearly low, it looks solid to me.