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Technology Stocks : CABLE DESIGN TECHNOLOGIES (CDT)
CDT 1.835+9.2%3:59 PM EST
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To: battle beast who wrote (16)5/29/1997 11:23:00 AM
From: battle beast   of 107
 
To all: I finally had a chance to digest CDT's earnings report and would like to post my 2 yens' worth.

Positive developments:
1) EPS came out 1 cent ahead of estimates
2) transition to higher margin products have begun
3) even though sales is up 16% as compared to last yr, net is up 28% (i.e. management is effectively controlling costs)

Negatives (mild)
1) Sales is only up 16%
2) competition is still keen

Overall, I think this stock is still dirt cheap (even with the latest 10 points run up). With an estimated EPS of 1.72 for 97, the stock is still trading at a PE of 16. I expect margins to improve in the second half, and so will its PE. Target: 35 by yr end.
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