Robert, et.al.: Seminal event? Yup! By the by, here's some excerpts of the 7/30/00 VLNC evaluation I just pulled from the Multex site.
Report Highlights
-Financial Analysts evaluate the Electrical Component Manufacturers as one of the groups in the Industrial Manufacturing Sector.
-The collective opinion of Valence Technology's stock is reckoned to be a "buy" by analysts.
-Wall Street reckons the Electrical Component Manufacturers are going to have earnings grow at a much lower rate than is expected for the broader market.
-Wall Street is forecasting losses for Valence Technology will decline from 2000 losses of -$2.28 per share to a share loss of -$0.79 for 2001. 2002 they project +$0.31 a share on a PE of 48.8.
They then go on to such stuff as stating the twelve month relative performance for VLNC has given investors a dream return, rising 143.21%. This superior return has delivered shareholders a better relative return than either the S&P 500 index or the Electrical Component Manufacturers peer group.
They then proceed to provide lots of charts and graphs regarding price history and key stock statistics, as well as a Group outlook. The group, within which VLNC is bundled, is composed of such as AstroPower, Bolder Technologies, and Schmitt Industries. The report figures the group is expected to see losses into 2001, but show a profit in 2002.
The report then turns and makes a brief comment about the positive aspects of the Group, and then focuses on VLNC by saying at the present time Valence Technologies is considered a buy by Wall Street. Covered by 1 investment professional , the weighted consensus ranking, or AQO, is 1.20. This value is higher than the 1.00 AQO level perceived as necessary to attained a "Buy" recommendation. Having a AQO rating that is 46.34% better than the market index AQO, is 48.15% greater than the sector average, and is 33.33% higher than the peer group rating, signals considerable advocacy for the shares among industry researchers. The net result is that, from a statistical perspective, there are few investments with more near term appeal.
The report goes on to more graphs and charts, current vs quick, book value per share, debt to equity, etc., etc.. Suffice it to say it looks to be a positive read on VLNC's prospects. One aside, it'd be nice to see more than one analysts recommendation. I expect this to change as VLNC continues their progress.
Regards!
John~ |
