Aeroflex (ARX) Message Board

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Technology Stocks : Aeroflex (ARX)

ARX 12.54

+2.2%

12:30 PM EST

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To: Jim Higgins who wrote (294)	10/8/1997 2:54:00 AM
From: scott	of 586

Some figures on the convertble etc. for thought and comment: converible at 5 5/8 per share = 177.77 shares per bond 8,000 bonds (8.15 mill principle amount) 8,000 times 177.77 = 1,422,160 shares Shares outstanding = 12.9 mill. dilution = 1.422/12.9 = 0.11 I imagine that projected earnings reflect the dilution since this redemption was no surprise. Trailing 12 months earnings = 0.34/sh. fiscal year to June '98 = 0.45 fiscal year to June '99 = 0.63 32% growth e.p.s. from trailing to forward 40% growth e.p.s. from fiscal '98 to '99 PE of around 25 times fiscal '98 Still sounds good to me.........I'm still long at a cost basis of 5 1/8. I think this will be a long term hold for me. Does anyone have a take on projected earnings out further than fiscal '99???? Just some figures for thought.........I need to lighten up somewhere but I don't think I will take my profits yet in ARX. Other views???? Thanx, Scott P.S. - Does anyone know for sure whether estimated earnings take into account the new shares???? Thanx again.

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