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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Jibacoa who wrote (7938)2/16/2001 3:24:38 PM
From: Jibacoa  Read Replies (1) | Respond to of 13094
 
EMS: The good report on revenues and earnings and the Bnk of Amr.Securites upgrade were of no help since EMS is down $14 (31,87%) on volume of 594,000

C-MAC INDUSTRIES* (EMS) STRONG BUY Price: $79.25 Target Price: $120

Reports Big Upside to 4Q00 Results; Raising Estimates and Price Target to CD$130

C-MAC Industries reported 4Q00 cash EPS of $0.71, substantially above our $0.54 estimate and up from $0.32 last year, revenues of $856 million were 10% ahead of our $775 million estimate and up 118% YTY and 22% QTQ, gross margin was 18.3%, 138bps above our 16.9% estimate, reflecting a better component environment and greater factory utilization.

The order book at the end of Q400 stood at $1.4 billion, up 17% from $1.2 billion at the end of Q300, however, management guides to typical Q1 (March) seasonality.

May be with a couple of days like today it will come down to my buying price range <g>