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Technology Stocks : ADFLEX SOLUTIONS ( AFLX )
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To: Kent Sarikaya who wrote (658)5/23/1999 12:22:00 PM
From: Donald Wennerstrom  Read Replies (1) of 718
 
Kent,

As Doug pointed out in his last post, AFLX had a nice increase in backlog to report in the latest quarter ending in March. It prompted me to go to their 4/21 news release to review that paragraph which follows:

<<Backlog at the end of the first quarter was $28.3 million compared to $20.0 million in the fourth quarter of 1998 or a 42% improvement. The improvement in backlog is partially due to the increased demand in the communications and computer market segments, as well as improved hard disk drive business as customers addressed first quarter technical and inventory
issues. >>

It's going to take awhile to confirm this trend is continuing, since their second quarter doesn't close till the end of June, but the semi business does seem to be improving in general. This should carry over to AFLX as well.

Increasing backlog is just what the doctor ordered to help them straighten out their funding. Institutional lenders are much more forgiving if business is improving.

Based on Zack's earnings projection as of this weekend, AFLX is projected at ($0.20) for this year and $0.50 for next year. At the present closing price of $2.31 for AFLX, it is selling at a PE of 5 based on next years earnings. All the other stocks in the group of 40 shown on the FSII thread are selling for much higher PE values. AFLX could easily be selling at prices 2 to 4 times higher and still be in line with the rest of the stocks.

What we need are some positive news releases - AFLX, are you listening???
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