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Technology Stocks : Aeroflex (ARX)
ARX 12.62+4.7%Nov 7 9:30 AM EST

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To: David S. who wrote ()11/23/1997 12:08:00 AM
From: joe valdez  Read Replies (1) of 586
 
ARX, Is on the right track!
In my opinion this issue will not be as dilutive to earnings as it appears.
1."ARX" did hint towards a positive second quarter
2.Both Oppenheimer and A.G. Edwards were in on the conference call, and have yet to downgrade the stock, not to mention both are part of the stock issue.
3.1st. quarter net income was 1.152 mil with 14.374 outstanding
4.Zachs 2nd quarter estimates are for .09
5.Assuming, roughly 17.374 are outstanding after the issue, they would only have to net 1.85 mil, which would still bring them in at a penny ahead of estimates.
6.If this is the case and they are going to have a positive 2nd quarter then this would be the right time to issue shares. This would help pay down what little debt they do have and ease the transition from Lucent to their facilities.

Let's have some more opinions,
Joe
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