Some info on ELAMF (today's price about $ 11.50A):
From the year end December 31, 1996, 10K:
5,000 employees
KPMG Peat Marwick will be the auditor for 1997
A Mexican company, but doing business with US and following SEC
ISO 9002 certfied at many sites
Three largest customers: Black & Decker (18%), Polaroid (16%), and Xircom (14%). Also, TI and ADC communications
Competitors: SCI systems, Solectron Corp, etc.
Backlog on December 31, 1996, $ 147.9 mil, up from $115.2 mil 12-95
From the June 30, 1997, 10Q:
Number of shares 7.4 mil.
Cash- 12.4 mil or about $ 1.70 per share
Current assets- $ 42.9 mil
Curent liabilities- $ 12.3 mil
Current ratio- 3.4 (Good balance sheet. Good position for acquistions)
ROE: looks like it is about 6%, which is poor
Revs last quarter: $ 33.8 million, up 10% from last yr., flat from 1 Q
Earnings: .23 1Q; .29 this Q (about flat from last year)
Outlook for future: According to press releases, very good.
Sales mix: it is cahnges to moe assembly work
Inventories decreased as they have phased out a product line and experienced more turnovers
Accounts receivables increased by a significant $ 3.9 mil because change in net terms for customers
The company had a strong cash-flow of $ 7.7 mil ($ 1 per share)
Current tax rate 31% as is expected for the remainder of 1997
Operating income as a percent is down to 8.7% from 10.4% last yr
Looks like $ 28.3 mil in credit and only $ 1.1 mil used |
