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Non-Tech : Morgan Products LTD. (MGN)
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To: Joe Btfsplk who wrote (5)4/19/1997 10:47:00 PM
From: set   of 16
 
the price may be about right for now if you look at the roughly 10+
percent top line growth for 96. with eps expected to be flat for 97
over 96, substantial new debt and a recent secondary, $6 may even
be generous. debt is currently more than 10% sales, and dwarfs
cash. there's a lot to look at here, so I won't say that it's not
as good as it seems on the surface, just that it's not a slam
dunk no brainer. 10k for 96 is available.

zacks gives reference to one analyst, who claims that there is talk
of MGN aquiring a distributor. I ask, with what? certainly not
cash.

so - this is only a brief look skipping a lot of detail. also it's
only a look at static information that's three months old.

I'd love to know what justifies the 30% 5 yr growth etimate, and
why 3 years of that growth is packed into 98. closer reading
of the 10k may reveal answers.

Shahar
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