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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (10092)	7/26/2002 12:38:00 PM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

CDCY NEWS JUST OUT --- Reaffirms strong growth/record backlog. BTW, stock is down from $18 to $6+ in the last month. A little overdone, I would say. Even if the last quarter was a bit weak, the second half looks excellent. And the main thing is there are profitable with a real PE and a low one at that. Tuna gets credit for this one. I just finished researching it a bit more. *** CompuDyne Responds to Stock Decline; Second Quarter 2002 Diluted EPS Estimate $.07-$.09** HANOVER, Md., July 26 /PRNewswire-FirstCall/ -- CompuDyne Corporation (Nasdaq: CDCY - News) announced today that they believe that the recent significant price drop in their stock is largely the result of a downgrade issued by an analyst covering the Company. The downgrade was based on concern about the Company's near term results. In light of shareholder concern surrounding the sharp decline in the stock price, the company would like to make the following comments at this time. We expect our revenues for the second quarter ended June 30, 2002 to be in the $38 to $40 million range and our fully diluted earnings per share for the quarter to be in the $0.07 to $0.09 range. The Company's financial position continues to be strong and we expect to end the second quarter with record backlogs. CompuDyne's management believes that the Company is well positioned for continued growth in all four of its major business segments. We expect the second half of the year to have significantly higher revenues and earnings than we have had in the first half of the year. The Company will be releasing earnings for the second quarter ended June 30, 2002 at 4:00 PM, Wednesday, July, 31, 2002. In conjunction with the earnings release, CompuDyne will host a conference call to discuss its recent results and outlook which will take place at 4:30 P.M. (EST) and will be simultaneously broadcast live over the Internet at cis.premconf.com. Please allow extra time prior to the call to visit the website and download the streaming media software required to listen to the Internet broadcast. The online archive of the broadcast will be available within one hour of the live call. About CompuDyne Ranked #61 among Forbes Magazine's "200 Best Small Companies" and #7 among Fortune Small Business' "FSB 100: America's Best Small Companies"; CompuDyne operates within four business segments; each with leading positions in physical and electronic security and technology-based solutions for the public security market. The Corrections segment is the world's largest supplier of physical and electronic security products, as well as integration and maintenance services, to the corrections and courthouse markets. The Attack Protection segment is the largest provider of bullet, blast and attack resistant products to U.S. embassies, banks, courthouses and other highly secured facilities in the U.S. and around the world. The segment also designs and manufactures fiber-optic sensors and related systems using optical fiber, proprietary optics and digital signal processing. The Federal Security Systems segment is a supplier of security and specialty engineering services and telecommunications products to the military, intelligence and commercial markets. The Public Safety segment develops, implements, and supports automated information solutions for public safety and justice agencies worldwide. This division serves government agencies throughout the United States, and is the largest company dedicated to the public safety and justice software market. Public Safety also includes our division which provides large scale inmate management and institutional medical software systems. Certain statements made in this press release constitute "forward-looking statements" within the meaning of the federal securities law, including those statements concerning the Company's expectations with respect to future events. These statements involve risks and uncertainties that cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Risks inherent in CompuDyne's business and with respect to future uncertainties are further described in its filings with the Securities and Exchange Commission, such as the Company's Form 10-K, Form 10-Q, and Form 8-K reports. SOURCE: CompuDyne Corporation