Elamex(ELAMF) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Elamex(ELAMF)

ELAMF 2.150

-15.7%

Mar 7 3:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: VALUESPEC who wrote (76)	9/19/1997 5:20:00 PM
From: Ron Bower	of 276

VALUESPEC, Just a comment. You are right about a weak peso / US dollar being good for Elamex, but I fail to understand how Mexican growth rate would be bad. Isn't it just an indicator of how fast the Mexican economy is growing and Elamex a major contributor to that growth? Other- Elamex has forecast $145M revs for calender year 1997 with the bulk of the earnings in the second half. They have had revs of $67.6M in the first half leaving $77.4. Gross margin declined due to the minimum wage law, but has risen from 13.1% to 15.6% the last two Qs and they should be getting back to the 17% before the law was passed by end of the year. This would bring net earnings near 7%, about $5.4M for the last 2 Qs equaling $.73 EPS and around $1.24 for the year. The $145M was estimated before the Eurotec acquisition. My money is on this projection and continued growth thru '98. For what it's worth, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next