DD, QUST was a DIS stock, so I'm familiar with it. Nice pick. Here's some notes:
QUESTRON TECHNOLOGY
Ticker: QUST
Exchange: NASDAQ
Address: 200 S BROAD ST STE 800
PHILADELPHIA PA 19102
Telephone: 215-546-6200
Contact: Dominic Polimeni (561)241-5251
KCSA, New York - (Company's IR firm)
Adam I. Friedman/Joseph A. Mansi/Sarah Shepard
(212) 682-6300
http:// www.kcsa.com
GENERAL
Distributes fasteners and electronic hardware sold to electronic equipment manufacturers. Management believes that Quest has the opportunity to become a significant participant in a very fragmented industry dominated by so called "mom and pop" type operations. Management's goal is to expand the business
through a combination of continued penetration of existing markets, expansion into new markets and acquisitions. (the RECY of the fastener business).
* RECENT ANALYST COVERAGE
OCT. 31, 1997 J.W. Charles initiates coverage with a BUY recommendation projects $0.90 earnings in '98, and a 12-month price target at $15.
OCT. 28, 1997 Ladenburg Thalmann initiates coverage on Questron Technology -- Long Term Buy 12 month target of $13.
* INSIDER BUYING
QUST Management and Ladenburg Thalmann management (Corsair Parners) recently bought 13% of the outstanding Preffered shares:
For the Account of: Transaction Transaction Number of Shares Price Per Share
------------------- ----------- ----------- ---------------- ---------------
Corsair Partners 8/5/97 Purchase 7,900 $7.8125
Corsair Partners 9/2/97 Purchase 7,900 $8.06
Corsair Partners 9/10/97 Purchase 7,900 $7.56
Corsair Partners 9/23/97 Purchase 31,000 $7.8625
Corsair Partners 9/24/97 Purchase 31,000 $7.9819
Corsair Partners 9/25/97 Purchase 23,700 $8.2058
Corsair Partners 9/26/97 Purchase 7,950 $8.685
Corsair Partners II 8/5/97 Purchase 2,100 $7.8125
Corsair Partners II 9/2/97 Purchase 2,100 $8.06
Corsair Partners II 9/10/97 Purchase 2,100 $7.56
Corsair Partners II 9/23/97 Purchase 9,000 $7.8625
Corsair Partners II 9/24/97 Purchase 9,000 $7.9819
Corsair Partners II 9/25/97 Purchase 6,300 $8.2058
Corsair Partners II 9/26/97 Purchase 2,050 $8.685
edgar-online.com
* ACQUISITIONS
In September 1997, the Company acquired 100% of the issued and outstanding capital stock of California Fasteners a privately owned a fasteners and related products distribution business with locations
in Anaheim, CA, San Diego, CA and Phoenix, AZ.
quicken.excite.com
In September 1997, the Company purchased the net operating assets of Power Components a privately owned distributor of lithium batteries.
quicken.excite.com
In June 1997, the Company acquired 100% of the issued and outstanding capital stock of Integrated Material Systems a privately owned distributor of fasteners based in Scottsdale, AZ.
freeedgar.com
On March 10, 1997, the Company acquired 100% of the stock of Comp Ware Distribution a privately owned company.Webb is a fastener and electronic hardware distribution business serving the New England market.
freeedgar.com
*OTHER
WARRANTS: Exercisable at $5.75 effective March 98 but redeemable by the Company if the common's share price remains above 8 1/2 for 20 consecutive days.
quote.yahoo.com
PREFERRED: Convertible into 1.4375 shares of common March 99.
quote.yahoo.com
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The insider buying info and the earnings info is a few months old and not updated. The Co. has announced a few more acquisitions also, and the preferred convertibles are being retired (a plus).
Sergio |
