As usual everyone, DO YOUR OWN RESEARCH BEFORE ANY STOCK TRANSACTION, here is some research and stuff compiled and written by
Sergio Haber, Instock and Doug R.
CADE INDUSTRIES INC. (CADE) - ALTITUDE WITH ATITUDE
(517 394-1333)
Primarily engaged in design and repair of aircraft enngines and aircraft
parts. Operates three subsidiaries, Auto Air Composites, Cade
Composites, HAC Corp. Its four main areas of business are airplane
products, test equipment, repair and overhaul services and sales of gas
turbine products.
The company claims that it will benefit from increased O.E.M.
outsourcing,increased use of composite parts to replace metals, supplier
consolidation, introduction of new services and an upturn in the
aviation industry. This upturn is evidenced by the 14%
increase in the Dow Jones Transportation average Tuesday and by referral
to the industry chart ntweb.telescan.com. Also refer
to Boeing's press release of Aug. 4th regarding recent merger with
McDonald Douglass, "integrating employees while RAMPING UP TO RECORD
PRODUCTION RATES."
Increased margins have been reported every year since 1993. The current
rate of 3.7% promises to increase vastly in the near future as addressed
in the last earnings report.
Auto Air Composites announced a new contract with Pratt and Whitney
Canada on June 10th. This 10 year deal is valued at $26.2 mil. of which
$4 mil. will be applicable to 97/98. Income from this contract will be
taxed at a lower rate imposed on the company's foreign sales.
Cade Composite and HAV Corp. have sharply increased their FAA licensed
repair and overhaul activities. Both subsidiaries have obtained
European certification and HAV has been authorized for repairs by the
Chinese authorities.
Cade's backlog as of 6-10-97 = $45.4 mil. This is equal to the entire
revenue for 1997 fiscal year.
New Chairman and CEO efective September 1, 1997, John W. Sanford is a
veteran of the Aerospace industry. Formerly CEO of Gulfstream Aerospace
currently Chief Executive of Rolls Royce.
Insiders own 39% of Cade stock. Molly Cade owns 5.3 mil. shares.
Institutions own 9 %
Pratt & Whitney, Govt. contracts and foreign sales (Rolls Royce and Gulfstream included) are the biggest percentage of CADE's customers.
CADE INDUSTRIES INC
5640 Enterprise Drive
Phone: (517)
394-1333
Lansing, MI 48911
CEO: Terrell L.
Ruhlman
Fiscal Year Ends in December
Aerospace SubIndustry of the Aerospace & Defense Industry
Cade Industries designs, manufactures and develops components
constructed of composite materials for the aerospace and air transport
industries. CADE also operates a repair station for aircraft. For the 9
months ended 9/95, sales rose 56% to $22.9M. Net loss totalled $391K
vs. income of $26K. Revenues benefitted from the 11/94 acquisition of
the Company's H.A.C. subsidiary. Loss reflects higher borrowings and increased interest rates.
** Some numbers to Chew on. **
Ticker Symbol: NASDAQ: CADE : $1 27/32 8/5/97
CADE : Tuesdays Close $1 27/32 Up 1/32 Closing bid: 1 25/32
Closing Ask: 1 27/32
High: 1 7/8 Low: 1 25/32 Vol: 79,200
Latest Close 1.81
52 Week High: 1.94 52 Week Low: 1.00
Beta: 1.27 Shares Out : 2,168,300
$40 million Market Cap as of August 5, 1997
Latest 12 Mos. EPS Change: 250.0%
Total Return Last 12 Months 48.7%
Total Return Last 3 Years: 123.1%
5-Yr Revenue Growth Rate: 9.97%
1-Yr Total Rtrn 45.16% Industry Avg 40.04%
** Good Number of and Percentage Helt for a small cap! **
No. Institutions Holding Shares: 8 Shares Held by Institutions: 9.5
THE FOLLOWING TABLE IS BEST VIEWED WHEN PRINTED OUT (we're still working on mixing tables with text on SI)
Last Four quarters 1996
1995 1994 1993 1992
Revenues ($Mil) 45.6 34.9
30.4 20.5 16.2 26.3
Current Assets ($Mil) 18.3 17.1
13.7
Current Liabilities ($Mil) 9.7
9.1 6.6
Long Term Debt ($Mil) 5.1
4.8 6.0
Profit Margin 3.7 % 3.2 %
-1.3%
Return on Asset 4.6 % 3.1 %
-1.2%
Date(Qtr) 9706(2) 9703(1)
9612(4) 9609(3) 9606(2)
Revenue ($Mil) 13.0 12.4
11.0 9.2 7.6
Net Income ($Mil) .5 .5
.4 .3 .2
EPS ($) .02 .02
.02 .01 .01
1996 Sales ($ mil.): 34.9
1-Yr. Sales Change: 14.8% |
