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01/30/98
UNIFAB (12:20 ET); WorldCom (08:00 ET)
Unifab International (UFAB...14 5/8...+1...172,400)
Unifab International custom fabricates decks and modules of drilling and production equipment for offshore oil and gas platforms... Specializes in fabrication of decks with complex piping requirements.
Trading Points | Fundamental Profile | Chart
Trading Points
Stock up sharply (+7.3%) in today's session amid sharp increase in volume.
Year-to-date stock still off nearly 25%... Among oil drilling & equipment stocks that have been pounded by declining oil prices and related earnings concerns.
Company reported earnings earlier this week... Posted gain of $0.25, in line with estimates... But company made generally positive comments regarding outlook... Noted that drop in oil prices unlikely to have negative impact on near-term business prospects.
Q4 (98) est. = $0.31; FY98 est. = $1.23; FY99 est. = $1.43
Oversold stock poised for rebound to congestive resistance in the 17-18area... Pivotal support at 12 3/4.
Overhead supply suggest that recovery will take time, however... Stock went publiclast September at 18 and shot all the way up to 43 7/8 (10/8) before beginning free-fall.
Fundamental Profile
Indicator
UFAB
P/E (TTM)
11.6
Relative P/E
0.56
P/S
0.87
P/CF
24.8
Est. 5-yr growth rate
25%
PEG (PE/Est growth rate)
0.47
Market Cap
$72.8 mln
WorldCom (WCOM...34 63/64)
WorldCom is a global business telecommunications company, providing facilities-based and fully integrated local, long-distance, international and Internet services... Company has operations in more than 50 countries.
Trading Points | Past Results | Chart
Trading Points
Shareholders approved WorldCom/Brooks Fibre merger yesterday... MCI vote due on 3/11.
Company broke above pivotal resistance in Thursday's trading on nearly twice its daily average volume.
Morgan Stanley, CIBC Oppenheimer and BA Robertson Stephens started coverage of WCOM this month, with ratings of strong buy, strong buy and
l/t attractive... Overall, 18 firms rate stock a strong buy, 5 rate it a moderate buy and 2 give it a hold rating.
Q4 earnings estimate = $0.14; FY97 = $0.39; FY98 = $0.87.
Quarterly report due out in late February.
Earnings surprises over the past 4 qtrs have all been positive (+9%, +14.2%, +150%, +7.4%)
50-day moving average turning higher for first time since Nov... Convergence between 50- and 200-day moving averages also bullish.
Stock up 15.7% year-to-date... Given yesterday's technical breakout, stock well positioned for near-term test of 40... Longer-term technical
target is in the 47-50 range.
Past Results
Revenue (Thousands of US Dollars)
Quarter
1994
1995
1996
1997
MAR
523,895
875,286
1,034,060
1,677,239
JUN
555,318
906,729
1,073,538
1,770,084
SEP
568,558
949,540
1,143,428
1,901,199
DEC
572,994
964,790
1,234,104
Total
2,220,765
3,696,345
4,485,130
Earnings (US Dollars)
Quarter
1994
1995
1996
1997
MAR
0.10
0.14
0.21
0.05
JUN
0.04
0.16
-0.60
0.08
SEP
-0.38
0.14
0.27
0.11
DEC
-0.25
0.20
-5.29
Total
-0.48
0.64
-5.41 |
