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Technology Stocks : HDCO - Why sudden dip?

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To: Paul Senior who wrote (399)3/19/1998 1:10:00 AM
From: Douglas V. Fant  Read Replies (1) of 572
 
Paul, I do not see HDCO as a $25/share stock. Posted hereafter is the summary of all earnings estimates on HDCO , updated as of last Monday 3/14/98. Hopefully this thing will reproduce properly:ÿ

Estimates and actuals are both eps before extras and other non-recurring items

DISTRIBUTION OF EPS ESTIMATES
HISTOGRAM AS OF 3/14/98

HADCO CORP
FY1 - 9810 FY2 - 9910
8 ESTS. 6 ESTS.







X
X X
O O OXOO O O O XX
!-----!-----!-----!-----! !-----!-----!-----!-----!
2.80 3.15 3.50 3.85 4.20 4.71 4.86 5.01 5.16 5.31
"X" = EPS ESTIMATE ($) "O" = THREE MOST RECENT ESTS.

------------------------------------------------------------------------

1/98 QTR: HADCO CORP 4/98 QTR:
REPT DATE: 2/17/98 * EXP.REPT: 5/ 7/98



A O
O X O
O XX X O O X OXO
!-----!-----!-----!-----! !-----!-----!-----!-----!
0.80 0.90 1.00 1.10 1.20 0.78 0.88 0.98 1.08 1.18

MEAN 0.89 ( 7) MEAN 0.97 ( 7)
MOST ACC 0.90 ( 3) MOST ACC 0.96 ( 5)
------------------------------------------------------------



Current EPS Estimates

PeriodEnding Mean Est.
($/SH)High Est.
($/SH)Low Est.
($/SH)Number Ests.Mean Change, Last Month ($)
Year Endingÿ10/99ÿ4.99ÿ5.15ÿ4.71ÿ6ÿ0.04
ÿYear Endingÿ10/98ÿ3.85ÿ4.15ÿ2.87ÿ8ÿ-0.04
ÿVS Actualÿ10/97ÿ3.62
Quarter Endÿ04/98ÿ0.97ÿ1.02ÿ0.79ÿ7ÿ0.00ÿVS Actualÿ04/97ÿ0.91
Quarter Endÿ07/98ÿ0.96ÿ1.10ÿ0.62ÿ7ÿ0.01ÿVS Actualÿ07/97ÿ0.93

Next 5 Year Growth (%)ÿÿ21.25ÿ25.00ÿ20.00ÿ8ÿ0.00ÿ

End of Zack's.

What we see is a range of estimates for FY 1998 from $2.87 to $4.10/share. But note after the $2.87/sahre FY98 estimate, the next lowest estimate of any brokerage house for FY98 is $3.50/share. Also we see that the FY1999 estimate has been "pushed up" by $.04/share by brokers to a median estimate of $4.99/share since last week. I assume that brokers may see the Zycon and CCIR acquisitions as accretive to earnings in FY99 and are starting to "nudge up" those estimates....

Sincerely,

Doug F.
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