I think eqnx is due for a good pop on earnings.... with little exposure from general market conditions (within reason).
3 months ago eqnx was pummeled on flat earnings (and advanced whispers). Now - 3 months later, new earnings are due. Take a look at the current situation:
It's a profitable company, great products, good market niche,
well managed (although not too good at IR). current P/E of 9, loaded
with cash, no debt, heavy insider ownership....
In the past two or three years they have disappointed the street
twice (and paid dearly for it). Each time, they pre-announced the
expected shortfall (albeit a little late this last time). The first was just by .02 - hardly worthy of a mention, the second was due to a "slipped" order from a big OEM.
The last release indicated that the "slipped order" arrived just after the close of the quarter, and oem business is back on track. They have not pre-released this time. Given their previous tendency to pre-release bad news (and the recent screw-up last quarter), I take this as good news. They did say that oem business was on track, the distribution channel was healthy, they announced a new product to be shipping by end of this qtr (and reaffirmed that it shipped).
They went so far as to "pre-announce" another major oem deal and there are rumors (unsubstantiated) that this deal has been closed (and it's a good one - ???).
The million dollars in oem business slipped from Q2 to Q3 so that will be in this Q's numbers, - assume further they also have a normal healthy Q3 (as they always have), - the oem deal has closed, - and the new product(s) takes off - Sounds like they might beat the published numbers (0.20), perhaps even a record quarter???? And Q4 will look even stronger!
I say "good-bye single digits"....
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