TAVA Technologies (TAVA-NASDAQ) Message Board

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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Bill Wexler who wrote (28896)	2/24/1999 8:01:00 PM
From: Hawkmoon	Read Replies (1) of 31646

TAVA: Return on Assets (ttm) 24.54% Return on Equity (ttm) 39.28% ICUB: Return on Assets (ttm) 18.70% Return on Equity (ttm) 26.41% TAVA: Price/Book (mrq) 3.88 Price/Earnings (ttm) 12.96 Price/Sales (ttm) 1.71 Market Capitalization $124.0M Shares Outstanding 22.1M Float 17.9M Current Ratio (mrq) 2.66 Long-Term Debt/Equity (mrq) 0.17 Total Cash (mrq) $4.35M ICUB: Price/Book (mrq) 7.65 Price/Earnings (ttm) 54.00 Price/Sales (ttm) 9.08 Market Capitalization $330.3M Shares Outstanding 16.3M Float 2.50M Current Ratio (mrq) 5.01 Long-Term Debt/Equity (mrq) 0.01 Total Cash (mrq) $41.0M OK fine, ICUB has more cash on hand. But they also have a smaller float with prevent institutions from becoming actively involved in the shares. The ROA and ROE shows TAVA is superior. TAVA is also just beginning to ramp up its efforts after delays from last year. TAVA also can claim that 10% of the Fortune 1000 companies have some form of business relationship with them, and that greatly amplifies the possibilities of continuing contractrual relationships. Also, one of the prevalent trends in the manufacturing is on vertical integration of IT and automated manufacturing in order to squeeze the ultimate amount of efficiency from plant operations. All of these bode EXTREMELY for TAVA's continued growth and presence in the IT and system's integration sector for many years to come. Their press releases are no more misleading than anyone elses. You call a press release misleading because they don't discuss the financial terms of the contract. But that is inherently part of most Y2K or other contracts. As a corporation, it is not in your interest to divulge to your competitors just how much you are spending on IT modernization. And many companies have convertible debt outstanding. I don't particularly like it either, but I look at earnings on returns on Assets and Equity as well as price to sales/price to book as better guides of fundamental worth. Also, if I'm not mistaken, TAVA has the right to buy that debt up instead of permitting the conversion. So I consider the convertibles issue to be a straw argument compared to the other fundamentals that bode so well for TAVA. Regards, Ron

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