Here is a post from an earlier thread.
I, too, was interested in this comany so I've gathered some information that I thought
others would like to see:
Q end Sep 96: .10 on $ 10.8 Mil revs
Q end Dec 96 .19 on $ 11.8 mil revs
Q end Mar 97 .26 on $ 13.1 mil revs
Q end Jun 97 .55 on $ 14.50 mil revs
Today the stock closed at about $ 9A. They are a global company and have had
significant foreign exchange problems in the past. They now hedge where appropriate
and the problems should not be as severe.
They make some kind of material that goes in 50% of the leather shoes in the US.
They plan to build a plant in Malaysia. They are under cost pressures to rising pulp
prices, etc. See the following news reports which I've copied to help other determine if
this stock is for them. I don't have any, but I thought others might be interested:
<< (REUTERS) TABLE- Bontex <BOTX.O> Q4 shr $0.55 vs $0.15
TABLE- Bontex <BOTX.O> Q4 shr $0.55 vs $0.15
BUENA VISTA, Va., Sept 22 (Reuter) -
Fourth quarter ended June 30
1997 1996
Shr profit $0.55 profit $0.15
Net profit 870 profit 229
Revs 14,518 13,229
Avg shrs N/A N/A
Full fiscal year
Shr profit $1.10 loss $0.38
Net profit 1,733 loss 602
Revs 50,333 47,618
Avg shrs N/A N/A
(All data above 000s except per share numbers)
NOTE: The full company name is Bontex Inc>>
<< (REUTERS) Bontex <BOTX.O> sees higher costs hurt =2
Bontex <BOTX.O> sees higher costs hurt =2
For the full fiscal year, Bontex earned $1.7 million on
salres of $50.3 million, compared with a $602,000 loss on
revenues of $47.6 million in fiscal 1996.
Bontex' stock Monday jumped 4 to 9-1/2, a new 52-week high.
The bid stood at 8-1/2 and the offer at 9-5/8 in the late
afternoon.>>
<<(REUTERS) Bontex <BOTX.O> sees higher costs hurt operations
Bontex <BOTX.O> sees higher costs hurt operations
BUENA VISTA, Va., Sept 22 (Reuter) - Bontex Inc, a maker of
fibers, cushions and insoles for footwear, said Monday rising
pulp and other raw material prices may start hampering its
profit margins in the current fiscal year.
"Operating margins are expected to be adversely impacted by
the increased costs," a company statement said. Bontex, formely
Georgia Bonded Fibers, added it will reduce costs in all areas
"to maintain competitive selling prices."
Bontex Monday reported a $870,000 net on $14.5 million in
sales in the fourth quarter ended June 30. This compared with a
$229,000 net on sales of $13.2 million in the 1996 quarter.>>
I might also note that in late July/August, insiders bought some shares around $ 4.50
per share.
VALUESPEC |
