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Strategies & Market Trends : Rande Is . . . HOME

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To: Densiebj who wrote (12431)9/19/1999 10:21:00 PM
From: Baton   of 57584
 
Rande & All: I found a company that the thread might consider checking out. The company is Keithly Instruments (KEI NYSE $14), based in Cleveland, Ohio with offices throughout the world. Incorporated in 1946, They provide electrical measurement solutions to wireless communications, semiconductor and electronic component manufacturers. The have quietly increased from $8 in mid-July on an average 25K share volume. They are due to report annual earnings at the end of the month and that could be driving the run-up. The company seems to have some interesting stats with $1.65 in '98 earnings, a PE of around 8 and $6 book value, with a ratio just over 1 in price to sales. Now here is something different - they pay a $.16 dividend! The company began a 2 year stock buy back in January (1 M shares or about 15% of the OS). There is a 2.4 M float with 7.1 M outstanding and the company is 45% institutionally owned. Yahoo showed some insider buying, but very little selling over the last year. The stock price tends to move straight up and has consolidated here for the last week. Seems to have lots of good things going for it. I would appreciate some thoughts from the more experienced folks here. I have not taken a position yet, but will look to test the water this week.
Baton
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