Better late than never: It's actuall still early in the larger scheme of things for ABTE and as such there is some risk. Please refer to disclaimer at the end of this report on the next post.
ABLE TELCOM HOLDING CORPORATION
EXCHANGE:NASD.............................Ticker:ABTE
ADDRESS: ...........................................1601 Forum Place
.................................................................Suite 1110
.................................................................West Palm
Beach, FL 33401
CONTACT: ......................................... Billy V. Ray
TELEPHONE........................................561-688-0400
WEBSITE:............................................ abte.com
Able Telcom Holding Corp. (Able) provides design, engineering,
installation, maintenance, and systems integration services for advanced
voice, data, and video communication networks. The company conducts
business through four main operating groups: 1) telecommunications
services; 2) cable television services; 3) traffic management services; and
4) communications development. Able's customers include domestic and
international telephone operating companies, government entities, and mid-
to large-size corporations.
EXECUTIVE BRIEFING
* INTERNATIONAL MARKET PRESENCE
On Sept. 30th the Company announced a new European joint venture for the
marketing,
installation, operation, maintenance and other appropriate exploitation of
Able's proprietary
data collection and billing system, Neurolama, throughout Europe and the
Pacific Basin.
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The Company has a longstanding presence in Latin America. A contract for
communication installation in Venezuela was announced in November.
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* STRONG BUY RATINGS
Sterne, Agee & Leach, Inc.
msbusiness.com
Cruttenden and Roth
crut.com
Ranked number 1 in Telecom Services by Zacks
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* NEW TOP LEVEL MANAGEMENT TEAM
New CEO and new CFO were recently appointed.
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Addition of John D. Foster to the Board of Directors to enhance the
Company's international
capabilities
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* EARNINGS !!!
Second consecutive quarter of record earnings. Improved profit margin,
revenues and operating income.
Third quarter:
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Second quarter:
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* RECORD BACKLOG
Current total backlog at approximately $100 million.
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* EMPHASIZING DOMESTIC BUSINESS (new contracts)
DATE CUSTOMER VALUE COMPLETION
11-19-97 CATV $5.4 mil. 24
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10-97 Bell South $8 mil. 12
months
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10-13-97 Virginia $10 mil. 12
months
Florida
Alabama
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Summer '97 COMSAT $2 million
Tallahassee $2.4 million
Texas $1.5 million
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* INSIDER BUYING
1,000 shares bought 10/3/97 at $9.13/share
75,000 shares bought 3/10/97 at $6.00/share (reported in Sept. '97)
Insiders currently own about 13%
One insider sold 17,000 shares on 8/29/97 at $4.83/share. |
