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Non-Tech : Stocks and Margaritas
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To: Odysseus who wrote (113)10/11/2000 1:31:16 AM
From: Odysseus  Read Replies (2) of 119
 
I hope El Grandissimo won't be offended if this lonely traveller plants this seed in his garden. MagneTek manufactures digital power products; it trades under the symbol MAG on the NYSE.

At a recent conference MAG gave the following highlights:

-- Explosion in demand for digital power products will lead to substantial growth opportunities for MagneTek.
-- Company expects to reduce its debt level to zero during FY 2001.
-- Divestitures could generate about between $50- and $100-million in cash for internal investment and acquisitions.
-- Company expects to announce digital power systems acquisition(s) shortly.
-- Financial goals include double-digit growth, double-digit operating profit margin and double-digit cash-flow return on invested capital.

Here is a link to the PR about this conference.
biz.yahoo.com
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