Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

What economic assumptions do you have for the next year is a big imponderable. There are a number of value stocks that are lingering here, waiting each for a catalyst, but such a catalyst may not materialize in the time frame you are looking at. SEMI is selling greatly under book and any revival in technology should bring their earnings to the $.5 or more bucks, getting them, hopefully from their current $2 to $6. The problem is that it is very thinly traded. If HDTV finally takes off in the next year or so, then HAUP might be a good candidate for quadrupling from its current level of $1 to $1.5, the same problem as SEMI, very little street attention. Both are financially healthy (though SEMI could have bouts of having to write off obsolete inventories, but they have reduced their debt and should be able to withstand such reversals).

Zeev