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Technology Stocks : SBS Technologies (SBSE) - Undiscovered gem

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To: Christopher Brainard who wrote (676)10/14/1998 10:22:00 PM
From: Wowzer  Read Replies (2) of 1540
 
Conference Call replay number is (800) 633-8284, access code #1681869 for anybody who is interested. I think todays sell off was a massive over reaction (ie panic and ask questions later). Went long today at 9 5/8. Currently trading under book value and only 5.5 times lowered expected earnings of $1.70 to $1.85. Which according to CC are very conservative estimates because they don't want to have to go through this again. CEO Chris Amenson sounded very confident on CC and is either a hell of a politician or actually knows his stuff. This company is still expected to do $100 million plus in revenues this fiscal year compared to last year's $74 million. I wouldn't exactly call that falling of a cliff like the stock price did today.

Operating cash flow is to still expected to be around $3 to $4 million per QUARTER or $.54 to $.72 a share. This isn't some fly by night company who just lost it's only customer. No one customer makes up more than 5% of their business. First time in at least 6 years this company has traded below book value and I bet it won't last long.

Rory
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