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Technology Stocks : CYN Cygnal Technologies

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To: Sulayman who wrote (5)10/14/1999 2:36:00 PM
From: Vitalsigns  Read Replies (1) of 31
 
I have now taken an initial position in this stock after doing some interesting D.D in the last couple of days.

Forcasted revenue for FY2000 is 65 million dollars with EBTIA of 2.5 million. There are just over 10 million shares with CGC investment funds of toronto holding a big chunk of the shares. Stock is currently trading at 1 times 1999 sales
and 0.40 times forcasted FY 2000 sales. Also ,having a 0.25 /share forcast income for FY2000 , is a PE of only 10. Cash flow is good,and last quarter they earned .01 /share. They will need to raise capital (probably in the form of an equity issue) ,if they want to do any more acquisitions. Expect to see some research reports soon ,and more NR about contracts to help build awareness about this company.

Vitalsigns
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