White Electronic Designs Corp (WEDC) Titolo ottimo..


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Non ho detto di entrare ma solo di monitorarlo:D


Market Cap (intraday): 187.15M
Enterprise Value (13-Mar-04)³: 143.33M
Trailing P/E (ttm, intraday): 19.04
Forward P/E (fye 27-Sep-05)¹: 14.58
PEG Ratio (5 yr expected)¹: 1.10
Price/Sales (ttm): 1.55
Price/Book (mrq): 1.74
Enterprise Value/Revenue (ttm)³: 1.24
Enterprise Value/EBITDA (ttm)³: 9.18


Fiscal Year
Fiscal Year Ends: 27-Sep
Most Recent Quarter (mrq): 31-Dec-03

Profit Margin (ttm): 8.29%
Operating Margin (ttm): 12.33%

Management Effectiveness
Return on Assets (ttm): 9.60%
Return on Equity (ttm): 11.91%

Income Statement
Revenue (ttm): 115.78M
Revenue Per Share (ttm): 4.846
Revenue Growth (lfy)³: 25.50%
Gross Profit (ttm)²: 38.69M
EBITDA (ttm): 15.62M
Net Income Avl to Common (ttm): 9.59M
Diluted EPS (ttm): 0.406
Earnings Growth (lfy)³: 16.10%

Balance Sheet
Total Cash (mrq): 36.31M
Total Cash Per Share (mrq): 1.5
Total Debt (mrq)²: 0
Total Debt/Equity (mrq): 0
Current Ratio (mrq): 6.775
Book Value Per Share (mrq): 4.272

Cash Flow Statement
From Operations (ttm)³: 14.40M
Free Cashflow (ttm)³: 9.84M

HERE IS A GREAT INVESTOR PRESENTATION: http://www.informedinvestors.com/iif_forums/client_capsule.cfm?CompanyID=514&Forum=true ========================================================================================== I bought it last time it dipped below 8.00. The company makes microelectic components and semiconductor packaging for missiles, fighter jets, ATM's. WEDC makes assemblies for small LCD screens. They also package memory products (and have preferred status with their vendors - so in shortages margins go up). ========================================================================================== VALUATION .The company has ~ 24 million outstanding and about $1.45 per share in cash (35 million). Trailing PE is 19. Pull out the cash and the PE is 15. They are not an LCD pure play but they have some exposure (40% - 55% of sales). ========================================================================================== GROWTH PLANS - FOR DISPLAY UNIT .Additionally the company has plans to expand display exposure. Plans to perform high volume glass lamination and to manufacture high volume display products in China are progressing as expected. The Company anticipates initiating its first prototype products by May 2004. ========================================================================================== MICROELECTRONICS UNIT ALSO GROWING: Commercial sales are growing rapidly to compliment strong military sales. Notably there are new sales related to on-command-video products and high-end servers. Company has defense contracts related to Sea Sparrow Missle and Joint Strike figher products are expected to ramp this year. WEB LINK Q4 ANTI-TAMPER technology that the company uses WILL BE REQUIRED BY PENTAGON IN 2005. EARNINGS: http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:WEDC&Feed=PR&Date=20040211&ID=3384006
Catalysts Picked by Forbes, Business week, Business 2.0 as a top growing company in 2003. ========================================================================================== >>Entering JV in china to make hi volume LCD glass. ========================================================================================== >>Technicals approaching OVERSOLD. ==========================================================================================>>Q1 EARNINGS >>ADDITIONAL CONTRACT WINS ========================================================================================== >>Many of the microelectronics are used in missles that need to be replaced post IRAQ war. Components also used in Joint strike figheter and other military apps. ========================================================================================== >>With 35 million in cash the company is looking for an acquisition in LCD or Microelectronics industry.


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Notare come aumentano gli asset e calano i debiti:D


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Grazie, Stefano, per questa segnalazione. Il titolo mi piace molto e la prox settimana ci faccio un pensierino.
Siamo li manca un soffio,ce la fara?


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Chi avesse acquistato questo titolo nel class period può, come sempre, contattarmi in pvt.

Class Period: OTTOBRE/1/2003 - LUGLIO/15/2004
Court: N.D. California
Summary: According to a press release dated July 22, 2004, the complaint alleges that, between October 1, 2003, and July 15, 2004 (the Class Period), Netflix and its CEO Reed Hastings, CFO Barry McCarthy and Chief Marketing Officer Leslie Kilgore failed to disclose the number of subscriber cancellations being suffered by the Company, even as they repeatedly touted the large number of new subscribers being added to the Company's subscriber base.

The complaint further alleges that they also consistently understated the Company's churn rate (the percentage of its subscribers that cancelled per month). They achieved this by using an improper calculation of the rate that produced an artificially low churn rate in quarters in which the Company was adding substantial numbers of new subscribers.

The standard definition of churn rate (and the definition used by other publicly-traded companies that report churn rate such as Sprint and Nextel Partners) is 'the percentage of participants who discontinue their use of a service divided by the average number of total participants during a given period of time.' Netflix instead divided canceling subscribers by subscribers at the beginning of the period plus subscriber additions.

Because beginning subscribers plus new subscribers were consistently a larger number than average subscribers throughout the Class Period, the Company reported an artificially low churn rate throughout the Class Period by erasing the effect that canceling subscribers had on average subscribers during each period.

Moreover, it is alleged that the Company repeatedly made statements throughout the Class Period that its churn rate was declining to 'record lows,' when in fact in some of these quarters its churn rate was markedly rising. For example, in the third quarter of 2003, Netflix claimed that its churn rate had reached a new record low of 5.2% when in fact its churn rate had risen from 7% to 7.7% during the quarter.

Disclosure of actual subscriber cancellations and the actual churn rate was critically important for investors analyzing the Company's prospects and the potential of its business model. The Company spends approximately $35 in marketing expense to acquire each new subscriber. Had investors known that the Company was being forced continuously to replenish its subscriber base through additional marketing expenditures; it would have called into question the potential long-term profitability of the Company and the viability of its business model. In other words, the Company's artificially low claimed churn rate obscured the fact that it was not retaining many subscribers long enough to break even on them.

The truth came to light when, after the market closed on July 15, 2004, the Company issued an earnings release which, for the first time, disclosed the number of subscriber cancellations during previous quarters. Specifically, the press release stated that, while the Company had added 537,000 new subscribers during the second quarter, it had suffered 422,000 subscriber cancellation, meaning 72% of the Company's 583,000 new subscribers in the second quarter of 2004 had merely replaced subscribers who had cancelled. The release also showed that 41% of the Company's 760,000 new subscribers in the second quarter had merely replaced subscribers who had cancelled, and 71% of the Company's 327,000 new subscribers in the second quarter of 2003 had merely replaced subscribers who had cancelled.

In response, Netflix shares declined from $32 per share to $20 per share over the next two days, a decline of 38%. During the Class Period, the shares had traded as high as $39.77 per share, during which period Hastings, McCarthy and Kilgore sold approximately $13 million in Netflix shares.
E' una mia vecchia conoscenza e la riprendo perche' mi sembra buona. Il 16 i risultati del terzo trimestre (stime 0,07).

Market Cap (intraday): 123.12M
Enterprise Value (14-Nov-05)3: 77.58M
Trailing P/E (ttm, intraday): 22.06
Forward P/E (fye 02-Oct-06) 1: 18.63
PEG Ratio (5 yr expected): 1.11
Price/Sales (ttm): 1.07
Price/Book (mrq): 1.10
Enterprise Value/Revenue (ttm)3: 0.67
Enterprise Value/EBITDA (ttm)3: 6.503


Fiscal Year
Fiscal Year Ends: 2-Oct
Most Recent Quarter (mrq): 02-Jul-05

Profit Margin (ttm): 4.91%
Operating Margin (ttm): 6.68%

Management Effectiveness
Return on Assets (ttm): 3.83%
Return on Equity (ttm): 5.21%

Income Statement
Revenue (ttm): 115.83M
Revenue Per Share (ttm): 4.749
Qtrly Revenue Growth (yoy): 19.50%
Gross Profit (ttm): 31.67M
EBITDA (ttm): 11.93M
Net Income Avl to Common (ttm): 5.69M
Diluted EPS (ttm): 0.23
Qtrly Earnings Growth (yoy): 266.40%

Balance Sheet
Total Cash (mrq): 46.04M
Total Cash Per Share (mrq): 1.881
Total Debt (mrq): 0
Total Debt/Equity (mrq): 0
Current Ratio (mrq): 7.24
Book Value Per Share (mrq): 4.603

Cash Flow Statement
From Operations (ttm): 9.92M
Free Cashflow (ttm): 5.04M

View Financials (provided by EDGAR Online):
Income Statement - Balance Sheet
Cash Flow
WILink Presents
Free Annual Report for WEDC



Stock Price History
Beta: N/A
52-Week Change3: -25.30%
S&P500 52-Week Change3: 4.27%
52-Week High (02-Dec-04)3: 6.96
52-Week Low (17-May-05)3: 4.30
50-Day Moving Average3: 5.07
200-Day Moving Average3: 5.26

Share Statistics
Average Volume (3 month)3: 49,998.5
Average Volume (10 day)3: 29,311.1
Shares Outstanding: 24.48M
Float: N/A
% Held by Insiders4: 3.13%
% Held by Institutions4: 46.60%
Shares Short (as of 11-Oct-05)3: 11.98K
Short Ratio (as of 11-Oct-05)3: 0.2
Short % of Float (as of 11-Oct-05)3: 0.10%
Shares Short (prior month)3: 25.

Con circa 2$ in cassa, 0 debiti , un p/b di 1 e l'eps in miglioramento costante mi pare un ottima occasione.
In a 5,04.
5,81 +3,94%


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