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Strategies & Market Trends : Value Investing
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From: MCsweet11/17/2006 2:24:41 PM
   of 78704
 
TAIT earnings came out recently (I recommended this one a few months back),

Electronic component company. Earnings are positive and revenues up for past 2 quarters. Inventory continue working down (note: stock price just over 1/2 book).

Risks --- it appears the new revenue source will have lumpy earnings, so don't extrapolate the past two quarters just yet. There could be a major write-down of inventory, which is a big chunk of book. Operations/connections to China (tho. headquartered in California). Very illiquid (a roach motel stock).

Hope --- They institute a dividend or buyback with the cash they have been generating. They had been using cash flow to pay off debt and then invest in their China project (which seems to be generating decent results so far). I'd like to see some of it hit my pocketbook.

MC
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