SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Icon CMT Corp. (ICMT)

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kat who wrote (9)3/21/1998 9:28:00 AM
From: SEAS  Read Replies (2) of 128
 
If your in you will win...If not..u should be because....

ICON CMT CORP (ICMT) 16 1/2 +1 11/16. ICMT shares have received considerable attention over the past two sessions, as the much-anticipated initial public offering of Exodus Communications (EXDS 29 +1 3/8) help bring some attention ICMT's way. Also contributing to yesterday's 3 11/16 point surge in price was an initial "buy" rating issued by DLJ, which served as co-manager of the Internet services company's IPO. Unlike the extremely successful debut yesterday of Exodus, ICMT's public offering last month was by most measures a flop. Initially expected to come to market between $12-$14 a share, ICMT priced at only $10, and then proceeded to tumble to $8.375. In spite of the recent surge in price, the stock still lags the 93% gain-from-pricing that Exodus shares have experienced in just 1 1/2 days of trading. However, a look at the numbers clearly reveals that ICMT offers a much better value, compared to both Exodus and the overall Internet group. Pay particular attention to the last ratio, the Price/Sales comparison.

Shares Outstanding/Market Cap: ICMT= 18 mln/$297 mln; EXDS= 24.6 mln/$713 mln
Net Loss (Trailing 12-months): ICMT= $1.13; EXDS= $13.85
Net Sales (Trailing 12-months): ICMT= $41 mln; EXDS= $12.41 mln
Year/Year Sales Growth: ICMT= 204%; EXDS= 296%
Price-To-Sales Ratio: ICMT= 7.24; EXDS= 57.45
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext