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Strategies & Market Trends : Electronic Contract Manufacture (ECM) Sector

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To: kolo55 who wrote (78)3/5/1997 12:04:00 PM
From: MulhollandDrive   of 2542
 
So at 24 you have a forward PE of about 20, does that seem outlandish in this market? For a company that is posting double digit earnings increases quarter over quarter? This particular industry segment is forcasting annual growth rates of 20 percent. Also to your point which was made in an earlier post about the CO detector being the only business and not working. I suggest that you obtain a copy of the annual report. The contract they established with Nighthawk was 3 year inclusive starting in June 1995, and sales of the product were indeed a signifcant product for at least the 1997 fiscal year. But the only product? Let's see, consumer electronics, lighting to automotive & sign industry, telecommunications, automotive electro-luminescent technology, gaming, and oh, let's not forget fitness, yeah my health club just recently replaced all the treadmills with Life Fitness products. bp

PS: Nighthawk is rated the top CO detector by a leading consumer reporting magazine. There was also a recent report on network news magazine on how CO detectors save lives. Interviewed several individuals that had lost family members due to CO poisoning. One person interviewed was comedian David Brenner, he stated CO detector saved his and his wife's life due to a faulty exhaust system.
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