JACO - Jaco Electronics, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : JACO - Jaco Electronics, Inc.

JACO 0.0001000

0.0%

Jun 6 9:32 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill on the Hill who wrote ()	5/21/1999 4:58:00 PM
From: Bill on the Hill	of 78

jacoelectronics.com Total fiscal 1998 revenues were $153.7 million, compared with $155.1 million during fiscal 1997. While JACO experienced a slight year-over-year sales decline in fiscal 1998 largely related to continued price erosion of our product offerings and an industrywide period of cyclical weakness, our gross profit margins remained steady and we achieved profitability. Despite the reduction in sales volume, JACO remains one of the most stable and financially sound distributors in the industry with an exceptionally strong balance sheet providing us with the flexibility to pursue various initiatives to enhance shareholder value. The current ratio is a solid 3.2 to 1, while the long-term debt-to-capitalization ratio is 0.32 to 1. At current levels JACO's stock trades at a discount to its June 30, 1998 per-share book value of $9.47.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next