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To: Jan Crawley who wrote (7688)2/4/2004 6:07:39 PM
From: The Ox  Read Replies (2) | Respond to of 13403
 
OT

In my opinion, WEDC is a decent little company that is currently not getting any respect from the street. They have a solid balance sheet and good products. The company has good margins and is trading at a very reasonable valuation-trailing PE of 19.

They have been punished for restating earnings (they originally reported 36 cents for a 9 month period and had to revise it down to 34 cents - approx $1.1 million in sales had to be adjusted out of a total $84 million for the restated period).

I think this snafu created a nice dark cloud that is allowing for a decent entry price. I have done very well trading the stock in small lots and will continue to do so. I'll probably not add much more unless it drops another 40 or 50 cents, then I'll most likely double my current position (assuming no major news which would cause me to change or rethink my view).

I'm interested in your opinion of the company and/or the chart (or anyone else's opinion if they care to share!)

Here's their standard company description:
White Electronic Designs Corporation designs, develops and manufactures innovative components and systems for high technology sectors in military, industrial, medical and commercial markets. White's products include advanced semiconductor packaging of high-density memory products and state-of-the-art microelectronic multi-chip modules for military and defense industries; data and telecommunications markets; Anti-Tamper security coatings for mission-critical semiconductor components in defense and secure commercial applications; enhanced and ruggedized high-legibility flat-panel displays for commercial, medical, defense and aerospace systems; digital keyboard and touch-screen operator-interface systems; and electromechanical assemblies for OEM's in commercial and military markets. White is headquartered in Phoenix, Arizona, and has design and manufacturing centers in Arizona, Indiana, Ohio and Oregon. To learn more about White Electronic Designs Corporation's business, as well as employment opportunities, visit our website, www.whiteedc.com. To learn more about White Electronic Designs' subsidiaries please visit their websites, www.Panelview.com & www.interfacedata.com.