Acrodyne (ACRO) is one of two pure plays in the TV Message Board

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Technology Stocks : Acrodyne (ACRO) is one of two pure plays in the TV

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To: Andrew who wrote (1239)	3/17/1999 6:17:00 PM
From: Karl Drobnic	Read Replies (2) of 1319

As a manufacturing company, backlog is a key indicator for ACRO. If growing backlog becomes visible, the # of days from booking to billing, and profit margins emerge, ACRO will become financially predictable. It should then sell on its forward PE, and orders that add to backlog will move the price up - so long as the orders grow at a pace greater than the issuance of new shares going to Sinclair. It's interesting, because for Sinclair to profit from their investment in ACRO (beyond having a secure source of transmitters), the orders have to flow in faster than the new shares flow out. It gives Sinclair some incentive.

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