You might want to check out EA Industries, ticker symbol EA.
Today's news taken from Yahoo:
NEW YORK--(BUSINESS WIRE)--Dec. 9, 1997--S&P analyst Mark Arbeter has initiated
coverage of EA Industries with a 4 STAR, accumulate rating.
Arbeter sees big potential from this underfollowed contract manufacturer. The company is in the
midst of a dramatic turnaround, spearheaded by new CEO and president, Frank Brandenberg. EA
has sold money-losing non-core assets, consolidated its operations, slashed management layers, cut
factory expenses and strengthened its sales staff, all over the last 7 months. A completely new board
of directors was brought in and consists of executives from Lockheed Martin, 3Com, Seagate
Technology, and Xerox. Besides the potential for internal growth, the company plans to acquire
highly profitable quickturn/prototype facilities geographically dispersed near EA's customers, which
will add to '98 revenues and improve margins quite a bit. Arbeter sees a 22% sequential jump in 4th
quarter sales and a Q4 loss of $0.06 a share vs. a 3rd quarter loss of $0.17. He is conservatively
estimating '98 EPS at $0.23 on a 46% jump in sales.
Walt |
