Wow this thread is quite. Corcom just posted FY 96 results with year of year earnings up almost 94% and at a price of 8 they have a trailing P/E of 5.8. Here is a section from the news release
<<Tuesday February 18 1:48 PM EDT
Corcom, Inc. Announces Fourth Quarter Profits
LIBERTYVILLE, Ill., Feb. 18 /PRNewswire/ -- Corcom Inc announced today that it has recorded a net profit of $1,871,000
($.47 per share) on sales of $8,720,000 for the fourth quarter ended Dec. 31, 1996. This compares to a net profit of
$786,000 ($.20 per share) on sales of $8,320,000 for the fourth quarter of 1995. Included in the fourth quarter earnings for
1996 is an income tax benefit of $1,026,000 resulting principally from a decrease in the tax valuation allowance which existed
at the beginning of 1996.
For the full year 1996, the company has recorded a net profit of $5,472,000 ($1.38 per share) on sales of $33,166,000 as
compared with a net profit of $2,786,000 ($.72 per share) on sales of $30,660,000 for 1995. Full year 1996 earnings include
an income tax benefit of $1,789,000 resulting principally from a decrease in the tax valuation allowance which existed at the
beginning of 1996.
Management of the manufacturer of electronic RFI filters and power entry products stated that the company continues to
experience strong demand for its products, spurred in part by new regulations designed to limit the RFI emissions of electronic
equipment shipped into the European community. Company President Werner E. Neuman stated, "Our continuous
improvement programs and new product introductions have produced the desired result: enabling us to increase sales, improve
operating margins, and penetrate new markets." >>
Is anyone still listening?
Mike |
