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Technology Stocks : Miami Computer Supply Corp (MCSC) -- Ignore unavailable to you. Want to Upgrade?

To: dper who wrote (29)	4/7/1999 8:25:00 PM
From: dper	Read Replies (1) \| Respond to of 43

Miami Computer stock sags Laura A. Bischoff DAYTON DAILY NEWS Wednesday, April 7, 1999 Although Miami Computer Supply Corp.'s stock price has tumbled 41 percent since January, stock analysts say the company is on solid footing. "They are doing all the right things and yet the stock continues to sell off from about 40 percent of its high," said Elliott Schlang, an equities analyst with LJR Great Lakes Review. Schlang rates the stock as a strong buy and said there is no operating reason for the slumping share price. Small capitalization stocks, such as Miami Computer, have been hurt as institutional stockholders, such as mutual funds and pension funds, shift their focus to large cap stocks, Schlang said. As a result, small caps' performance deteriorates and shareholders bail out, he said. Analyst David Childe, with Morgan Keegan & Co, agrees that non-Internet related small cap stocks have fallen out of favor in recent years--a trend that is probably affecting Miami Computer. Miami Computer's stock might have been hurt by a couple of financial red flags last quarter that were misinterpreted by Wall Street, Childe said. He recommends a strong buy on Miami Computer stock. "It's the cheapest it's been since it has gone public," Childe said. Company officials could not be reached for comment Tuesday. Miami Computer is a Kettering-based computer equipment distributor that has been buying up other suppliers at a rapid clip: 15 since the company went public in November 1996. Nine of those purchases occurred in 1998. Sales in 1998 rose 192 percent to $314 million compared with $107 million in 1997, while earnings increased 186 percent to $6.3 million compared with $2.2 million in 1997. Miami Computer employs 1,200 people, including a sales force of 400, throughout the United States and Canada. About 120 employees work in the Miami Valley. Miami Computer (NASDAQ: MCSC) closed on Tuesday at 17 , down 9/16 . The stock's 52-week range is 13 11/16 to 29.