A blurb from meatloafs post on FUSA who is really Thomas Heysek the Ray Dirks Ragingbull messsage board ANALyst. I have also provided Jonathan Labeds tout profile. Compare the two. Why is Jonathan Labed charged when the Ray Dirks analyst Thomas Heysek/Meatloaf is still free to harm investors. I actually think Jonathan did a much better job in his write up.
By: meatloaf
Reply To: 2503 by sailbad43 Saturday, 4 Mar 2000 at 1:24 AM EST
Post # of 4572
"As to the FUSA reference in your message, we actually first wrote that up at $4. By the way, earnings and sales came in at precisely our estimates...at a time when no one else was even making forecasts "
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SECURITY CAPITAL TRADING, INC. UPDATES RECENT ANALYST REPORT AFTER FOTOBALL USA ISSUES THIRD QUARTER RESULTS
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Story Filed: Monday, November 08, 1999 2:33 PM EST
NEW YORK, Nov 8, 1999 /PRNewswire via COMTEX/ -- The following is being issued by Security Capital Trading, Inc., a member of the National Association of Securities Dealers, CRD Number 35909:
Fotoball recently reported third quarter operating results that were considerably better than expected. Relative to the year ago third quarter, sales advanced 110% to $9.8 million, while operating profit margins increased to 41%. Operating expenses declined to 31% of sales (versus 36%) reflecting the on-going benefits to shareholders from expense control initiatives begun in 1998. Accordingly, EPS almost quadrupled to $0.18 in the third quarter versus $0.05 in the prior year's comparable quarter. Based upon these results, we are increasing our 1999 EPS estimate to $0.50 (up from $0.45).
Fotoball has now reported seven consecutive quarters of sequentially increasing Sales, Pretax Income and EPS. Nine month results show Sales increasing 75%, with Pretax Income and EPS tripling over the comparable nine month results in 1998. As illustrated in the table on the next page, we expect full year sales for 1999 of $31 million (up 62%) and increases in Pretax Income and EPS of approximately 2.5 times.
We believe the impressive string of triple digit gains since mid-1998 suggests that FUSA has now back-filled in recovering from prior period weaknesses, and that longer term growth rates will come in at the 40% level ... still a robust outlook. We look for EPS of $0.70 in 2000, then $1.00 in 2001. We have also revised upward our short term target price to $12 - $15 (up from a $10 - $12 target range). This target range translates into a multiple of 25 times EPS in 2000, a time frame which the market will begin to assess in just a few more months. The numbers follow:
Fotoball USA
(Nasdaq: FUSA)
Recent Price: $6.50
52 Week High: 8.00
52 Week Low: 2.00
Shares Outstanding: 3.4 million (fully diluted)
Market Capitalization: $22.1 million
Insiders Own: 21.5% (732,000 shares)
Pretax Earnings
Sales Income Mgn Per Share P/E
(MM) (MM)
1997 $12.2 ($2.8) n.c. ($1.04) n.c.
1998 19.1 1.0 5% 0.22 30 x
1999 (e) 31.0 2.6 8% 0.50 13 x
2000 (e) 43.0 4.0 10% 0.70 9 x
2001 (e) 60.0 6.0 10% 1.00 7 x
Contributing Analysts: Leo Murphy and Tom Heysek
For a copy of the report, contact Raymond L. Dirks of Security Capital Trading, Inc., 520 Madison Avenue, 10th floor, New York, New York 10022-4213, 212-339-2000 or 888-305-0050, or fax, 212-339-2020.
SOURCE Security Capital Trading, Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com
CONTACT: Raymond L. Dirks of Security Capital Trading, Inc.,
212-339-2000 or 888-305-0050, fax, 212-339-2020
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ragingbull.lycos.com
By: Lebed316 $$$
Reply To: None $ Tuesday, 4 Aug 1998 at 9:56 AM EDT
Post # of 82
Company Profile:
Fotoball USA, Inc
OTC BB: FUSA
President/CEO: Michael Favish
CFO/CAO/Exec VP-Fin/Treas: David G. Forster
3738 Ruffin Road
San Diego, CA 92123
(619) 467-9900
Current Price: Bid-$2 9/16 Ask-$2 11/16
52 Week Trading Range: $1 - $3 3/8 (peaked $10 a couple of years ago)
1998 Estimated EPS: $0.20
1999 Estimated EPS: $0.40
Current Shares Outstanding: 2.7MM
Current Float: 2MM (actually, only 600K is available to trade)
Our 6-12 month outlook: $8
About Fotoball USA, Inc:
Fotoball USA designs, develops and manufactures high quality custom sports products which are sold in the licensed product retail market through a nationwide network of over 2,000 retailers including WalMart, J.C. Penney, Kmart, Target, Sears, Ames, Gart Bros. and The Sports Authority. Additionally, the Company provides custom sports and non-sports related products for corporate promotions and non-licensed specialty sports products to corporations for resale, including sales to amusement parks and entertainment related companies. The Company currently holds licenses with NHL
Enterprises, National Hockey League Players Association, Major League Baseball Properties and Major League Baseball Players Association, National Football League Properties and NFL Players Inc., and over 300 NCAA colleges. Additional Stores recently signed with include...Disney, Six Flags, and Toys-R-US.
FUSA has had trouble in the past, but 1998 is starting to become their turn around year. They have once again become profitable, and made $0.06 eps in the first half of this year. FUSA is not the type of company that will make projections on their earnings, and hype themselves. However, at the beginning of the year...they did state that 1998 will be a profitable year with strength from quarter to quarter...which is proving to be true.
The Company has two major businesses...the retail side, and the promotional side. On the retail side, they sell their products to many of the major retail chains, which were mentioned earlier. On the promotional side, they make special products for their major customers such as McDonalds.
Fotoball competes against all of the other well-known companies in the sporting good industry. The difference between them is, Fotoball has capitalized on markets which their competitors never even thought of. They are able to get into an area of a hot topic, within hours. FUSA is likely the most highly innovated company in the entire industry.
FUSA has recently reached an agreement with National Football League Properties (``NFLP'') pursuant to which the Company will be granted a license to imprint the logos of NFL teams, and league marks on both mini footballs and full-size limited edition team, player and commemorative footballs on genuine antique leather and synthetic leather. The Company has also received licensing rights from most of it's 350 licensed NCAA universities to sell full-size souvenir footballs featuring the logos of NCAA universities.
In addition to that they have reached an agreement with Nickelodeon and MTV Networks (``MTVN'') pursuant to which the Company will be granted a license to use MTVN's ``Rugrats'' and ``The Rugrat Movie'' properties in outdoor sports toys. The Rugrats are the number one rated kids television show. The Rugrat movie will be out in November of this year, and initial sales of Rugrats products by other companies, have been very successful.
Links:
FUSA Homepage:
fotoball.com
The President of Fotoball was recently interviewed on the Stock Line Real Audio show.
This can be heard at:
stnn.com
Also, the day after we started looking at FUSA, Small Cap Investor made it their stock of the month.
Their company profile can be read at:
smallcapinvestor.com
(Voluntary Disclosure: Position- long; ST Rating- strong buy; LT Rating- strong buy) |
