Mike, Camp seems to be a compelling buy down at 16, unless
I'm missing something major, they should have a big run this
coming year.
They have a lot of characteristics of an overlooked stock.
small mkt cap of only 200 million, and only 1 street
analyst covering the stock. the top-line and bottom
line growth has been good.
the trailing PE is very high between 200 and 300 when
one looks around at some of the net financial sites.
but the forward PE is 14 and price to sales is only 1.8.
possibly there is a problem with stronger competitors
rolling out superior tech....but in all 3 of CAMP's
business segments?
the company did disappoint investors with earnings
problems a few years ago, that may contribute to the
skittishness.......
John
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here are some 10Q details from judy.....
Well, the 10Q confirmed what we have been saying here regarding DBS sales slowing on a sequential basis. (Of course, YOY DBS growth is still quite good, but CAMP always has to stress the negative, you know.) But the big surprise, IMHO (and it is very humble these days, believe me), is that CAMP's 2-way MMDS sales were about $4MM, or close to 20K units. Gross margins were much higher than I think any of us expected -- I thought we'd be at 35%, but the 10Q says gross margins for wireless access are at 38.4%, and that the gross margins for the 2-way products are HIGHER than those for regular 1-way wireless cable. This suggests to me CAMP is already pushing 40% gross margins on the 2-way products -- and at a price point that no one can even come close to. Simply unreal. Now, of course, no one gives a crap about any of this, but I thought I'd pass this info along to anyone who still cares. |
