Now *this* is a quiet thread. I'm looking at TEK, and am astounded at how low their P/S stands now. I know little about the depth of the company, and how it compares to it's competition (HWP, LCRY). LCRY seems inexpensive (as does TEK) when looking at any kind of forward P/E's. I see also that LCRY is a tiny company re: sales.
Any more recent thoughts on Tektronix? I just bought one of their Digital Phosphor Oscilloscopes (TDS 3054). I do not have extensive experience using digital scopes, but this scope is very user-friendly and has many impressive features. Basically, I've found it makes my measurements very clear and easy. While price-shopping, I was told by a couple vendors that the scope has been well-received and is "in demand". It lists for $9,995, and I found one for $9,095 (Government discount).
It seems to me that while TEK has had some very troubling financial times in the recent past, they may be beginning to rebuild their technological leadership while honing their profitability. The market seems to be forecasting a gloomy year ahead, probably in light of the importance of, and lethargy in, the Asian economies. Once we see further signs of strengthening Asian economies, this is the kind of stock that can see renewed life to the upside. If TEK can pull their P/S up to that of Lecroy at 1.5, we'll see the stock price triple from here.
Randy |
