Ugly Ducklings- DD of the obscure and out of favor Message Board

STOCKTALK

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.

Microcap & Penny Stocks : Ugly Ducklings- DD of the obscure and out of favor

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Ro who wrote ()	7/31/1998 3:40:00 PM
From: Johnny Ro	Read Replies (1) of 102

7/31/98 MATEC (AMEX: MXC) Shares Outstanding: 2,758,253 Treasury Shares: 1,070,642 Shares in Public Float: 900K Insider Holdings: 1,286,764 (including 149K by Dimensional Fund Advisors) Shares Authorized:10M common & 1M preferred (no preferred has been issued) Last Years Earnings: .26/share Current P/E: 15.62 Debt Ratio: .13 Short Shares: 2K (as of 7/8/98) Company Brief: Matec and sister company Valpey Fliesher targets two market segments. Both are related to computer testing equipment. The first segment (70% of the revenues) designs, produces, imports and sells quartz crystals and oscillators. The other segment (30% of the revenues), the instrument division manufacturer computer controlled ultrasonic systems. The market for instruments is for nondestructive testing equipment. The instruments test cylinder construction (i.e. propane bottles, acetylene cutting torch bottles, etc.) and other steel and metal integrities. The other segment sells some of the components that are used for the Telecommunications industry. Some of the more notable customers are Motorola & DEC. The company recently incorporated in Maryland from Delaware and cashed out all share holders of record with less than 100 shares of stock. There were 1690 shareholders with an aggregate of 35K shares of stock that were arbitrarily cashed out. This move was done as a cost cutting move to minimize the number of investor packages having to be produced and mailed out. The recent price jump in May was due to the selling of the companies Bergen Cable Company to a newly formed New Jersey Private Corporation that one of the directors of MXC owns almost 30% of. The grand total of savings for the shareholder shakeout and reincorporating in a new state is about $22K. This company is vulnerable to cheap foreign imports in the crystal oscillator market. Therefore, until the Asians start raising their prices, this company performance is "fair to poor" per Mr. Michael Kroll, VP/Treas./CFO/CAO ((508) 435-9039). The six-month numbers will be out next week and Mr. Kroll was pretty tight lipped about it. Insiders tightly hold 65% of the outstanding. Possible Strategy: Short this thing. If the numbers are not good the stock could possibly react negatively. Disclaimer: This research is posted for informational purposes only. There are no recommendations to either buy or sell or short shares of stock implied or otherwise. DO YOUR OWN DD BEFORE DOING AND INVESTING. Don't rely on this or anyone else's information when purchasing or selling equities.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next