LEIX Lowrance Electronics a GPS Sleeper? Message Board

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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper?

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To: Leo Francis who wrote (79)	5/6/1998 10:45:00 AM
From: Barry Dryer	Read Replies (1) of 186

I'm awake, but LEIX doesn't seem to trade much more frequently than we post to this thread. Just waiting patiently for their 3rd quarter earnings announcement, which I assume should be around mid-June (for the quarter ended 4/30). The value-play you highlighted at the start still seems to be compelling. Annual revenues of $120MM gives LEIX a P/S ratio of 0.22 vs. TRMB's P/S ratio of 1.4. Both companies are growing sales at about the same 17-18% rate, and both should be profitable going forward. It would certainly appear that LEIX's inferior financial position is what's holding it back. This could be solved by 1) market recognition of the turnaround that is underway or 2) a buyout by a stronger company.

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