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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Cary C who wrote (4571)	2/14/2004 12:55:52 PM
From: - with a K	Read Replies (1) \| Respond to of 23958

Cary, re: KTEC CC. I didn't have that reaction to "we feel good about the short term." I interpreted that to mean the CEO had some visibility about the next quarter and he was optimistic about near term business. The comments about increased quote activity and new projects seemed to support the optimism. And yes, their business is cyclical. KTEC needed some time to digest recent acquisitions and wring out some costs; this plus the downturn in the economy led to a loss in 2001. The company told me the seasonality of their business has led in the past to strong orders in Q2. They've reduced debt to $6.2 mil in 2003 from $40mil in 2000. Have excess cash now and strong cash flow. More notes here: Message 19712743 (I don't know Sergio....)