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Strategies & Market Trends : Three Amigos Stock Thread

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To: Ken W who wrote (25092)5/20/2001 11:15:32 PM
From: Jibacoa  Read Replies (1) of 29382
 
<<no one wants to comment on IEE>>

I went out for dinner and just got back a few minutes ago.<g>

The chart looks good. The up-move on 5/10 was with a volume of 766,400 not only brought the price over the February 6 H but over the H of the 1st week of September as well.The next resistance is now the triple-top (Hs on the 3rd & 4th week of January 2000 and 1st week of February 2000) at the 9 level. but the stock has held its recent gains well and it seems should be able to test the H of the 1st week of January 2000 at the 10.50 level before long.

There was some insider selling in February but there has been slight buying in April.<g>

biz.yahoo.com

At any rate, institutions reportedly have been buying and the stock is not overpriced, actually looks cheap,<g> with a PE of less than 10, price/book of 0.6 and price/sales of 0.2

For the 3 months ended in December revenues were up 27% to 427 million and net income was up 169% to 7 million.

For the 3 months ended in March although there was slight sequential dip in revenues to 418.5 million, net earnings were up to 8.07 million

Analyst recommendations since January have been "Buy" & "Aggressive buy" with the most recent up-grade on May 10.

The company seems to have a diverse customer base. MCI was the only customer which represented 11% of revenues, with the others less than 3% on average.

It seems like a good buy to me, not only for the 10K, but for the real folio as well.<g>

Bernard
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