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Technology Stocks : LEIX Lowrance Electronics a GPS Sleeper?

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To: Leo Francis who wrote (111)11/29/1998 7:09:00 PM
From: wiz  Read Replies (1) of 186
 
Hi Leo

Started a bit of DD. I'm going to call Mark Wilmoth tomorrow, can't wait to hear his spin on why they missed 4th quarter estimates, and why I should believe in a profitable 99. What I got from the little research I did was, costs are up, and revs are slightly down. Where do YOU see the turnaround coming from. The new contract with WMT accounts for maybe 5 mil,(about 5% of revs), and that is a projection of all their products...not only GPS. I wonder what kind of margins they will get on those sales?? Did WMT talk them into a desperation sale? I'm seeing a few good peices. help me a little here!!

Mark
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