Comtech Group, Inc. (COGO) Message Board

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Technology Stocks : Comtech Group, Inc. (COGO)

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From: JakeStraw	8/14/2008 8:55:29 AM
	of 55

From - stockpickr.com "Another name that has huge potential to double is Cogo Group (COGO), a leading module design solutions provider that procures core technologies from vendors and suppliers that produce critical enabling components. Cogo then develops application technologies around these enabling components. This company has its hands in everything from powering cellular phones and handheld devices to helping telecommunication firms provide services and delivering technologies for home digital entertainment systems. Recently, the firm reported a 27% jump in second-quarter profits despite what CEO Jeffrey Kang described as the worst business conditions the company had seen in years. It's probably a safe bet to assume that the current quarter should be much better due to stronger demand for Cogo's products spurred on by the Beijing Olympic Games. I don't expect consumer demand for Cogo's products to stop once the Olympics end. China's middle class is growing fast, and more consumers will have the purchasing power to buy cell phones and many of the other electronic products the company makes components for. The McKinsey Global Institute is projecting China's middle class to increase from 43% of the population today to 76% by 2025. I don't see how this firm doesn't win as China's middle class rises. From a financial standpoint, this company is in an extremely strong position. Cogo has $122 million in cash, zero debt, EBITDA of $26.24 million and a forward P/E ratio of only 6.9. The company generates more in revenues at $266 million than their entire market cap of $215 million. I see another big short squeeze coming for this stock. The bears are short around 8% of the float. I believe the bears are wrong and will be forced to cover at much higher prices. Get your position on before it happens."

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