ok i will look through my trash folder for ya..
here it is
WallStreetAdvisor wrote:
>
> Electronics for Imaging, Inc.
> EFII: Nasdaq
> Last Trade 12/12/97 $14 7/8
> Change -24 1/8 (-61.86%)
> Prev Close 39
> Volume 32,373,700
> Avg Vol 603,909
> Div Date Feb 1997
> Bid 14 13/16
> Ask 14 7/8
> Ex-Div Feb 1997
> 52-week Range 34 - 57 7/8
> Earn/Shr 1.56
> P/E 25.00
> Market Capitalization $2.33B
> Shares Outstanding 52.4M
> Float 27.8M
> Net Income $87.1M
> Sales $389.2M
> Profit Margin 22%
> Return on Assets 26.09%
> Return on Equity 32.23%
>
> Fiscal Year End: December
> 1996 Sales ($ mil.): $298.0
> 1-Yr. Sales Growth: 56.4%
> 1996 Net Inc. ($ mil.): $62.2
> 1-Yr. Net Inc. Growth.: 65.9%
> 1996 Employees: 354
> 1-Yr. Employee Growth: 59.5%
>
> Number of brokers recommending as:
> Strong Buy 4
> Moderate Buy 0
> Hold 0
> Moderate Sell 0
> Strong Sell 0
>
> Average Recommendation (strong buy) 1.00 - 5.00 (strong sell)
> This Week 1.0
> Last Week 1.0
> Change 0.0
>
> Industry: COMP-PERIPH EQP
> Ranked 1 of 41
>
> EFII is extremely bullish, with a strong buy recommendation.
> Tendencies for prices to begin advancing are extreme at 100%, with a
> short term upside potential of $20. An uptrend has emerged and the
> long-term trend persistence is rated as oversold with risks limited.
> On Thursday night's disappointing news, the stock at $39 was
> downgraded by Prudential Securities to hold from buy. But Prudential's
> Alexander
> Henderson changed his mind after the stock fell to $15, and raised his
> rating to buy, saying the selling was overdone. Others are beginning
> to agree.
>
> For stocks investors, place an order to buy EFII at a limit price of
> $15.50
>
> For options traders, place an order to buy EFFI Jan 10 call (EFQAB) at
> a limit price of $1.50
>
> Today's trading with such high volume indicated to me that the bottom
> in the price has already hit, and some recovery is in order. Secondly
> the options contracts traded today, also showed a higher number of Jan
> 15, 17.5 and 20(most heavily traded contract today) contracts traded.
> This is a bullish indicator for the short-term. The company eluded to
> the fact that it may consider a share buyback plan. EFII has around
> $250 Million in the bank, so it would not be difficult to do. This
> alone would boost the price substantially.
>
> This stock has just experienced an overdone selling as an effect of
> general market feeling. It closed down nearly $25 a share or 61%. If
> you go back just 10 days the stock has fall from 51 or 73%. This is
> quite a
> fall. And if you take a look at the 100-week EFII chart. Two years of
> gains wiped out in one day! The question is does the company deserve
> such a drop? Earnings are going to come in at about 50% less than
> expected. That is bad without a doubt, but should the price of the
> stock drop 73% in the light of that news? Investors certainly seems to
> have thought so, or did they? Well the stock was large held by
> institutions who dumped the stock to salvage what the could in their
> portfolios. It looks pretty bad to be holding a stock that is down
> 60-70% at the end of the year. The small guy was left holding the bag.
>
> After studying this company in some detail, it seems very strong, with
> excellent market/industry position, including good branding. EFII has
> a value of $30.00 per share. I must say that after checking the
> continuing financials, this looks like a great company. EFII is a
> strong industry leader. This stock is extremely undervalued. We
> should expect a strong move to mid 20s soon. EFII has well above
> average safety with well above average upside potential. It reflects
> that EFII is likely to give well above average, quite consistent
> returns over the long term. If you're looking to buy stocks with low
> risk & high reward stocks, this is the one for you. Many are going to
> consider buying technology issues at these reduced valuations.
> Portfolio managers are going to have to purchase stocks they believe
> will perform nicely next year. All the analysts agree that the this
> stock will be back to normal in 3-6 months. Probably an easy double in
> that time frame. This stock will be in mid $20s by the end of this
> month.
>
> If you carefully look at EFII past earnings reports you will see a
> company with very little overhead which presents it as a well manages
> company. Up until this fiasco we were looking at a company generating
> $800,000 to $1 million in revenue per employee. We don't have to look
> at any painful restructuring layoff and all of this kind of thing that
> goes on when a company is undergoing a transition. Almost every
> company that depends on resellers has had to undergo some sort of
> inventory adjustment at some point. The big question is the new
> products. After looking at 21 consecutive quarters of beating
> estimates and 25 quarters of year over year revenue growth; the
> company's business model has to be sound.
>
> EFII's CEO Avida said he is still confident about the company's
> longer-term prospects once the economic trouble in Asia clears up, as
> it must inevitably do at some point. "We have a pipeline full of new
> products and we are confident in our strategy and our relationships
> with customers," he said. Arthur J. Bonnel, manager of Bonnel Growth
> Fund and a one-time holder of the stock, says the action in EFI is
> overdone. "I think the Street is acting irrationally and selling in a
> frenzy," he says. "It's a great buying opportunity. I'm
> confident that long-term investors will do very well."
>
> Electronics for Imaging (EFI) designs computer hardware and software
> for color desktop publishing. Its products link computer networks to a
> color copier, allowing users to create high-quality color documents in
> their offices. EFI's Fiery line of products includes scanable color
> servers, which serve both the low and high ends of the color printing
> market, and color controllers, which are integrated into desktop color
> printers to facilitate color printing. The company's products,
> marketed with the "Fiery Driven" logo, are sold to original equipment
> manufacturers such as Canon, Kodak, and Xerox and to dealers. For the
> nine months ended 9/97, revenues rose 44% to $299 million. Net income
> rose 59% to $67 million. Revenues benefited from higher sales of Fiery
> XJ and Fiery XJ products. Earnings also reflect the Company's ongoing
> manufacturing savings efforts.
>
> 2855 Campus Dr.
> San Mateo, CA 94403
> Phone: 650-286-8600
> Fax: 650-286-8544
> efi.com
>
>
> After discussions today with the total of 4 analysts that cover EFII,
> we are more sure than ever that the company is doing great:
>
> 1) EFII has over 10 design wins that they will start announcing by
> late December and early next year.
>
> 2) The stocks of all of EFII's OEMs are appreciating recently. E.G.
> Xerox, Canon, Minolta. This should give us good indication about
> EFII's business.
>
> 3) Insiders have not sold any shares recently and still have a nice
> position in the company ownership. They know the future is bright.
>
> 4) EFII has just bought a new and bigger facility to move into.
> Obviously, they have expansion in mind.
>
> 5) EFII's management is now traveling in several countries overseas,
> promoting business and signing new
> contracts.
>
> 6) The analysts feel that the stock could only reach a bottom of
> $30.00, and at its current price of $14 7/8 it should start appreciate
> from here.
>
>
> What people are saying about EFII on the internet:
>
> "It's got to look like a good buy now. I mean if they were liking it
> at 50+ you gotta love it now!!!! Jump in..."
>
> "Accumulating as much as EFII as you can. We expect a price target of
> $35-40 within 12 months."
>
> "We should expect a strong move to mid 20s soon. I am buying..and have
> a lot of EFII. As always.. do your own research."
>
> "It is also clear that the stock price will not stay below $15 for
> long"
>
> "I agree that EFI is a great buy at these prices. I have friends who
> work for suppliers of EFI and they have been placing orders like crazy
> lately. It looks like their business volume is definitely increasing.
> I am long on EFI..."
>
> "After discussions today with the total of 4 analysts that cover EFII,
> we are more sure than ever that the
> company is doing great."
>
> "Starting on 12/12/97 we are going to load the boat with EFII."
>
> "My buy order this morning was the fastest thing I've ever done in my
> entire life"
>
> "As a long term investor this stock at current price is a great
> investment I expect the stock to trade around $25 by the end of
> January buy below $16 and you will double your money within a year."
>
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