ATPX: Lunn Industries and Technical Products Group merge. Message Board

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Technology Stocks : ATPX: Lunn Industries and Technical Products Group merge.

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To: Sergio H who wrote (863)	11/12/1997 8:31:00 AM
From: VALUESPEC	Read Replies (2) of 1923

Does eveyone realize that the merged company lost money in the Q ended in March 1997 due to TPG uncolidated .39 cents per share loss (down from $ 1.28 per share in 1996)? All is not a rosy as Sergio would have you belive. Wasn't it Sergio who said that at $ 15.90 per share you were getting TPG for free? Anone can make a mistake, but Sergio thinks that his attacks (like "pregnant women") and rumors, take the place of facts. Here are more facts (will this get Sergio irritated?): TPG earned $ 1.28 per share in 1 Q 1996 TPG lost .39 per shae in 1Q 1997 TPG earned $ 2.89 per share in 2 Q 1996 TPG earned $ 2.10 per share in 2 Q 1997 Lunn earned .01 per share in 1 Q 1996 Lunn earned 02 per share in 1 Q 1997 Lunn earned .02 per share in 2 Q 1996 Lunn earned .03 per share in 2 Q 1997 THE COMBINED COMPANED EARNED: .14 in 1Q 1996 lost .01 in the 1 Q 1997 .31 in 2Q 1996 .24 in 2Q 1997 From what I just posted, you will see that TPG's earnings have been decreasing and Lunn's have been increasing. You will also see that the combined companies had a significant drop in earnings for the two reported quarters (six months) from last year (.45 down to .23). Maybe this is why ATPX's stock price is stalled. Will TPG's earnings improve soon? Will the drop in earnings/revenues continue? These trends show why, contrary to what Sergio says, ATPX is not a "no brainer". Perhaps it will ultimately do well, but at this point ATPX seems about fairly valued (didn't I say that before?). I guess I've given birth to another post that Sergio won't like. VALUESPEC

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