I own 1000 shares of utek @ 29 and follow this thread in the hopes of
finding solid fundemental info, earnings, orders, advances in tech and the such and I have read your RAH, RAH notes on UTEK. In reading those notes I find little or no information on the happenings of the company that might make this stock an attractive buy at these high P/E levels.
I have just reviewed two research reports, one S&P and First Call and see little to encourage my to continue to own and buy this stock.
1) in reviewing the last 4 years of "insider" buy and sells - the officers have sold stock at every opportunity.
"93 total buy 2,300 shares - sale none
'94 " " none - " 3. million (appro)
'95 none 350,000
'96 400 shares 179,400
the 400 shares bought were sold
'97 none 263,000
245,129 sold by CEO
2) UTEK is self proclaimed "low end Manu" with the least cutting
tech.
3) Since April 97 Paine webber down grades UTEK, COO resigns,
Smith Barney downgrades, no upgrades by analysts
4) Historical P/E range '93 18/29, "94 13/32, '95 14/40, '96 8/19
and this year 14/27, UTEK trading at high of its "97 range (only cause of Brinker) but no earning surprises, no tech advance, no upgrades.
Positives - no debt and shockholder equity $10 per share.
So my question is - other than Rah, Rah, what make this stock worth
more than 27 times expected "97 earnings ?????????/
This question is for Don Lane and all others on this thread. Input
requested. Roger Finlen |
