Electronic Contract Manufacture (ECM) Sector Message Board

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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

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To: Douglas V. Fant who wrote (1313)	3/15/1998 8:20:00 AM
From: Joe Dancy	Read Replies (1) of 2542

I ran my screens this morning Doug cutting 5,000 companies down to 40 potential investments - screens on growth, PE, book value, debt equity, broker recommendation - and Hadco showed up front and center. Thanks for your note, will pursue further research here and with DIIG and JBIL (they did not make the screen). Also scanning my last Barron's I noticed Nam Tai has issued warrants - three year warrants to purchase one share at $20.50 - warrants are going for $2 or so and stock is now around $15 but has been as high as $30 in the last 52 weeks - if Barron's is correct sports a PE of 6. Warrants have 2 1/2 years + to run so you can hold this dog until it turns into a princess. My problem here is that they just replaced CFO and it has a lot of China exposure - which could be very good or very bad depending on what happens to that economy (Business Week just had an issue on China and the outlook). My thinking here is that the warrants may get cheaper if Asia problems flare as they are prone to do. Any Nam Tai followers here, and if so what do you think of the company and the warrants? Best - Joe

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