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Technology Stocks : Praegitzer Industries (PGTZ)

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To: John Rowton who wrote (41)3/12/1997 7:53:00 AM
From: Creditman   of 196
 
There have been some real organic changes in the industry and PGTZ has had to go along or get left behind. First off, I am not an employee of PGTZ or anything. I do work in the industry.

PGTZ is a new stock. How long have they even been public? A year? In that year the new trend has been consolidation and "one stop shoping". Elexsys bought some board stuffing asetts, Hicks Furst Etc. is buying up all kinds of stuff. Dovetron (DIIG) bought Multek and Orbit and became a major ECM. It has become "be worldwide, at least countrywide, offer volume mfg and backpanel as well as prototype or die". Well that is what PGTZ has had to do. They have bought Trend .. a very good hi-tech shop which gave them a California location. They bought design shops to feed their factiories. They bought that outfit in Seattle. Let's face it, it is probably impossible for a firm to increase that fast and make lots of money every quarter while doing it. I figure that PGTZ is a bigger, better company than they were a year ago. We know that eveyone wants profits and growth every quarter but ... what can you do? Buck the trend (no pun) and die?

BTW your "biggest Bull market ..." has not been a small company bull market anyway. DIIG is down to $25 from $36. ELEX is $11 and was $25. Hadco has taken its lumps lately for expanding and buying Zycon. The only guys that made out in the ECM\PCB business are the ones that got bought! Long term ... I predict by the end of this year ... PGTZ will shine.
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