We first released ASXI back on 02/24/00 as a volume alert. We released again it as our pick on March 17th 2000 because we believed that we have not yet seen the full potential of this company. We still believe that it is only a matter of time until this company gets noticed on wall street. we will keep you posted.
---------------------------------------------------------------------------
OTC:BB ASXI - Astrex, Inc. and its subsidiaries, T.F. Cushing, Inc. and
AVest, Inc., sell, assemble, and distribute electronic parts and
components in one business segment. Approximately 81% of Astrex's sales
consist of connectors that connect a wire or group of wires to another
wire or group of wires. The other products sold by the Company, which
comprise the remaining 19% of sales, are devices that control or
regulate the flow of electricity to or within components.
Other products sold include relays, switches, and LED's. Astrex's
largest markets include the defense, aerospace, industrial and computer
industries. The Company's sales are worldwide with a concentration in the
Northeast and Mid-Atlantic states.
Astrex, Inc. is a value-added distributor of electronic components used
to connect, control, regulate or store electricity in equipment. The
Company's products include connectors, relays, switches, and LED's. For
the six months ended 9/30/99, net sales increased 16% to $7.9 million.
Net income totaled $122 thousand, up from $41 thousand. Revenues
reflect an increased focus on international sales and higher sales volume.
205 Express Street
Plainview, NY 11803
Phone: (516) 433-1700
Fax: (516) 433-1796
Employees as of 3/99: 60
52-Week Low on 15-June-1999 $0.25
Current Price $0.843750
52-Week High on 10-Sep-1999 $1.50
Book Value (mrq*) $0.59
Earnings (ttm) $0.01
Earnings (mrq) $0.02
Sales (ttm) $2.72
Cash (mrq*) $0.04
Market Capitalization $4.75M
Shares Outstanding 5.63M
Estimated Float 1,000,000 +/-
Big Charts/News:
bigcharts.com
Research Report: profiles.wisi.com
Home Page: astrexinc.com
Profile: biz.yahoo.com
SEC: sec.gov
---
If you like Thisweekspick.com vote for us at;
investorschat.com
---
Disclaimer
ThisWeeksPick is an independent electronic publication providing information on public companies that in the opinion of ThisWeeksPick, are undervalued and have growth potential. It is ThisWeeksPick policy not to receive compensation from companies that are featured or profiled. In the event ThisWeeksPick is retained by any Company profiled in any manner whatsoever all and any compensation to ThisWeeksPick shall be fully disclosed.
ThisWeeksPick is primarily compensated through its advertisers and its subscriber base. It is the intent of ThisWeeksPick to identify and research companies that it believes might prove to be profitable investments. ThisWeeksPick is not liable for any investment decisions by its readers or subscribers.
It is strongly recommended that any purchase or sale decisions be discussed with a financial advisor or broker prior to completing any such purchase or sale decision. All statements or expressions are the opinion of ThisWeeksPick and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. Investing in embryonic companies, micro-cap and growth securities is highly speculative and carries a high degree of risk. It is possible that an investor can lose all of his/her investment in these type of companies that are profiled.
The information that ThisWeeksPick relies on, is either through the profiled company, news services, research reports, interviews conducted by ThisWeeksPick, or other outside sources. ThisWeeksPick makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure of the profiled companies and accepts no responsibilities for inaccuracies or misleading content in any material supplied by those clients.
ThisWeeksPick is not a registered investment advisor or a broker-dealer, or a member of any financial regulatory bodies. There can be no assurance that future events relating to the profiled company will occur as anticipated. The information contained herein is provided as an information service only and past performance of previously featured companies does not guarantee the future success of any currently featured or profiled company.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission ("SEC") at sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www..nasd.com We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at sec.gov Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.
To be removed from ThisWeeksPick please go to thisweekspick.com and put in your complete Email address, please remember that our Email server is CaSe SeNsiTivE.
To unsubscribe send a blank email to leave-analyst-4029B@lyris.thisweekspick.com |
