Yesterday, I mentioned the Applebees (appb) food chain that is an undervalue stock in the $25 dollar range that should be a good covered call stock.
Today, I going to spot light a stock that has both technicals and value for the long haul. The stock is Tech Data (TECD). This stock has a pattern of steady rising prices followered by severe downturns and then back into the pattern.
The stock is currently ready to bounce of it's 50-day moving average and it just reached the bottom of Bollinger Bands (tm) which indicates the stock has reached an oversold condition. When a stock combines two indicators the odds are in your favor that the market will take notice. Also, TECD next earnings report is March 26, 1996. This stock usually takes off just before it's earnings report. That last time it move up from $25 to $32 points ($7) in three weeks time!
Here is Zacks and a news item for your review!
NEWS!
ST. PETERSBURG BEACH, Fla., March 4, (Reuter) - Tech Data
Corp expects revenues in fiscal 1998 ending January 30 to
approach $6 billion and is comfortable with Wall Street
earnings estimates for the fiscal year in the area of $1.60 per
share, said Chief Executive Steven Raymund.
On Tuesday, at a Raymond James investors conference here,
Raymund said the company is comfortable with analysts'
estimates of fourth-quarter earnings of $0.38 to $0.40 per
share, up from $0.24 per share in the year-ago period.
"The estimate we have given is $0.38 to $0.40. We're still
comfortable with that," said Chief Financial Officer Jeff
Howells.
The Clearwater, Fla.-based wholesaler of computer products
is expected to report fiscal 1997 results later this month!
Operating on paper-thin margins, Tech Data holds about 11
percent of the $37 billion U.S. computer wholesaling and
distributing market and sells more than 45,000 products from
600 manufacturers and publishers. Almost two-thirds of the
company's sales are made to resellers, Raymund said.
REUTER
Rtr 09:01 03-04-97
Copyright 1997, Reuters News Service
TECH DATA CORP 3/ 2/97 ZACKS ANALYST WATCH
MEAN HIGH LOW NUMBER MEAN CHG
EST LAST MNTH
($)
FISC YR END 1/98 1.59 1.65 1.33 13 -0.01
FISC YR END 1/97 1.32 1.35 1.21 14 0.00
VS ACTUAL 1/96 0.56
QUARTER END 1/97 0.39 0.40 0.33 12 0.00
VS ACTUAL 1/96 0.24
QUARTER END 4/97 0.36 0.38 0.33 12 0.00
VS ACTUAL 4/96 0.27
NEXT 5 YR GRTH (%) 23.38 35.00 18.00 12 0.00
ESTIMATES & ACTUALS ARE BOTH EPS BEFORE XTRAS & OTHER NRI'S
TECH DATA CORP 3/ 2/97
WALL STREET RECOMMENDATIONS
TECD RANKED 7/ 20 IN RETAIL/WHSL CM IND RANKED 120/211
R
R R R R I I
I I N I I N R I Z
-------- -------- -------- -------- --------
STRONG MODERATE HOLD MODERATE STRONG
BUY BUY SELL SELL
N = NATIONAL RETAIL BROKER; I = INSTITUTIONAL BROKER
R = REGIONAL BROKERAGE FIRM;
Z = ZACKS INDICATOR RANKING (EPS FORECAST REVISION MODEL)
( + UPGRADE SINCE LAST WEEK; - DOWNGRADE )
TECH DATA CORP 3/ 2/97
COMPANY VS INDUSTRY
---------- EPS GROWTH RATES --------
P/E ON
LAST 5 YRS 97/96 98/97 NXT 5 97
ACTUAL (%) (%) (%) YRS(%) EPS
COMPANY 15.2 135.5 20.4 23.4 18.2
IND: RETAIL/WHSL CM 8.8 34.5 28.5 21.2 25.1
(T=269)
S & P 500 11.1 4.9 6.7 6.9 19.4
------------------------------------------------------------
COMPANY-INDUSTRY 6.4 100.9 -8.1 2.2 -6.9
COMPANY-S&P 4.1 130.6 13.7 16.5 -1.2
DISTRIBUTION OF EPS ESTIMATES
HISTOGRAM AS OF 3/ 2/97
TECH DATA CORP
FY1 - 9701 FY2 - 9801
14 ESTS. 13 ESTS.
O
O
X
X
X O X
X X X
X XX X XX
OX XXX O O XX XX
!-----!-----!-----!-----! !-----!-----!-----!-----!
1.21 1.26 1.31 1.36 1.41 1.32 1.42 1.52 1.62 1.72
"X" = EPS ESTIMATE ($) "O" = THREE MOST RECENT ESTS.
1/97 QTR: TECH DATA CORP 4/97 QTR:
EXP.REPT: 3/26/97 EXP.REPT: 5/29/97
O
X
XO
XX OX
XX XX X O
O XXX OXXXX X
!-----!-----!-----!-----! !-----!-----!-----!-----!
0.33 0.38 0.43 0.48 0.53 0.33 0.38 0.43 0.48 0.53
MEAN 0.39 (12) MEAN 0.36 (12)
MOST ACC 0.37 ( 3) MOST ACC 0.35 ( 3)
------------------------------------------------------------
QTR END % SURPRISE ACTUAL ESTIMATE STD DEV. # ANALYSTS
1/97 N/A N/A 0.39 0.02 12
10/96 25.27 0.38 0.30 0.02 12
7/96 5.41 0.30 0.28 0.01 13
TECH DATA CORP -NMS - 2.000 4/18/94 - 2625 EMPLOYEES
TECH DATA CORPORATION WAS INCORPORATED IN 1974 TO MARKET DAT
A PROCESSING S UPPLIES SUCH AS TAPE, DISK PACKS, AND CUSTOM
AND STOCK TAB FORMS FOR MINI AND MAINFRAME COMPUTERS DIRECTL
Y TO END USERS. IN THE MIDDLE OF FISCAL 1984,
YEAR EPS BEFORE XTRAS & NRI'S
-CUR- HI/LO 1ST 2ND 3RD 4TH YR( 1)
PRICE 24 35/ 14 99 0.35E 0.39E 0.43E 0.48E 1.87E
PRC/EPS 20 32/ 19 98 0.36E 0.38E 0.42E 0.44E 1.59E
REL P/E 1.0 2.0/1.0 97 0.27 0.30 0.38 0.39E 1.32E
YLD 0.00 IAD NA SINCE 10/87
DEC SLS(MM$) NET(MM$) EPS-XNRI EPS-REP DIV/SH HIGH LOW
97 NA NA NA NA NONE 26 24
96 3086 21 0.56 0.56 NONE 30 14
95 2418 34 0.91 0.91 NONE 17 10
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