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Non-Tech : UNDERVALUED STOCKS

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To: set who wrote (27)	8/9/1997 9:36:00 PM
From: Grommit	of 580

ABAG >> Zacks >>> Dave, I see a company at $13 per share. EPS at .77, and going to 1.38 in next 4 qtrs. (if we can believe the analysts). Present PE of 16, industry at 15. Future price = 15 * 1.38 perhaps = $20 per share. 53% is a fine annual gain. Any reason to suspect the forecasts? Does the company have website or email address for IR to request investor package? Have you acquired copies of analysts reports? I wonder about the long term growth. Is the year over year EPS growth that we see a one time shot from the acquisition? Thanks for the fine tip, by the way! .................................... Zacks analyst watch report: ABAG Page: 1 SAFETY COMPONEN 8/ 2/97 ZACKS ANALYST WATCH MEAN HIGH LOW NUMBER MEAN CHG EST LAST MNTH ($) FISC YR END 3/99 N/A N/A N/A 0 N/A FISC YR END 3/98 1.38 1.50 1.26 2 0.00 VS ACTUAL 3/97 0.77 QUARTER END 6/97 0.31 0.31 0.31 1 0.00 VS ACTUAL 6/96 0.17 QUARTER END 9/97 0.17 0.17 0.17 1 0.00 VS ACTUAL 9/96 0.23 NEXT 5 YR GRTH (%) N/A N/A N/A 0 N/A ESTIMATES & ACTUALS ARE BOTH EPS BEFORE XTRAS & OTHER NRI'S Zacks analyst watch report: ABAG Page: 2 SAFETY COMPONEN 8/ 2/97 WALL STREET RECOMMENDATIONS ABAG RANKED 27/ 45 IN AUTO/TRUCK-ORI IND RANKED 92/211 R R -------- -------- -------- -------- -------- STRONG MODERATE HOLD MODERATE STRONG BUY BUY SELL SELL N = NATIONAL RETAIL BROKER; I = INSTITUTIONAL BROKER R = REGIONAL BROKERAGE FIRM; Z = ZACKS INDICATOR RANKING (EPS FORECAST REVISION MODEL) ( + UPGRADE SINCE LAST WEEK; - DOWNGRADE ) Zacks analyst watch report: ABAG Page: 3 SAFETY COMPONEN 8/ 2/97 COMPANY VS INDUSTRY ---------- EPS GROWTH RATES -------- P/E ON LAST 5 YRS 98/97 99/98 NXT 5 98 ACTUAL (%) (%) (%) YRS(%) EPS COMPANY N/A 79.2 N/A N/A N/A IND: AUTO/TRUCK-ORI 22.8 18.5 21.9 16.2 15.1 (T=110) S & P 500 12.6 10.9 5.9 7.6 21.2 ------------------------------------------------------------ COMPANY-INDUSTRY N/A 60.7 N/A N/A N/A COMPANY-S&P N/A 68.3 N/A N/A N/A Zacks analyst watch report: ABAG Page: 6 SAFETY COMPONEN - NMS - 890 EMPLOYEES SAFETY COMPONENTS INTERNATIONAL, INC. IS AN INTERNATIONAL M ANUFACTURER OF AUTOMOTIVE AIRBAGS AND A SUPPLIER OF MILITARY ORDNANCE PRODUCTS. THE COMPANY IS ORGANIZED INTO TWO DIVISI ONS: AUTOMOTIVE AND DEFENSE. YEAR EPS BEFORE XTRAS & NRI'S -CUR- HI/LO 1ST 2ND 3RD 4TH YR( 3) PRICE 12 13/ 8 99 NA NA NA NA NA PRC/EPS 13 14/ 9 98 0.31E 0.17E 0.31E 0.47E 1.38E REL P/E 0.6 0.9/0.5 97 0.17 0.23 0.28 0.30 0.77 YLD 0.00 IAD NA SINCE 10/87 DEC SLS(MM$) NET(MM$) EPS-XNRI EPS-REP DIV/SH HIGH LOW 97 NA NA 0.77 0.44 NONE 13 9 96 94 4 0.99 0.99 NONE 15 9 95 51 0 0.53 0.53 NONE 21 16 Zacks analyst watch report: ABAG Page: 7 SHARES NA /OWNED BY 27.32% INSIDERS; 23.80% INSTITUTIONS DUE TO THE COMPANY'S HISTORICAL AND ANTICIPATED GROWTH, THE COMPANY BELIEVES THAT PERIOD-TO-PERIOD COMPARISONS OF ITS F INANCIAL RESULTS ARE NOT NECESSARILY MEANINGFUL AND SHOULD N OT BE RELIED UPON AS AN INDICATION OF FUTURE PERFORMANCE. TH E FOLLOWING DISCUSSION SHOULD BE READ IN CONJUNCTION WITH TH E COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AND NOTES THER ETO, APPEARING ELSEWHERE IN THIS REPORT. AUTOMOTI VE DIVISION. THE AUTOMOTIVE DIVISION COMMENCED OPERATIONS AS PART OF VALENTEC IN MAY 1992. PRODUCT QUALIFICATION AND INI TIAL PRODUCTION BEGAN IN JULY 1992 WITH THE FIRST SIGNIFICAN T SALES OCCURRING IN OCTOBER 1992. IN MARCH 1993, THE COMPAN Y SIGNED A FIVE-YEAR REQUIREMENTS CONTRACT WITH TRW, CONTEMP LATING INCREASING DELIVERIES OF AIRBAGS OVER THE TERM OF THE CONTRACT. END Brokerage Firm Date of Last Update Recommendation BANKERS TRUST RESEARCH 06/17/97 BUY OLDE DISCOUNT 06/04/97 BUY

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