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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: - with a K who wrote (19090)	4/22/2004 10:14:03 AM
From: - with a K	Read Replies (1) \| Respond to of 78464

Waiting for KTEC to do something, or at least till Q2 earnings April 22. Looks like a miss, will listen to CC and decide. KTEC Down 10% Snips: Sales for the three-month period ended March 31, 2004, totaled $20.8 million, compared with $20.9 million in the same quarter last year. Net earnings for the second quarter were $1.1 million, or $0.22 per diluted share, compared with net earnings of $1.2 million, or $0.23 per diluted share, in the same period a year ago. As a percentage of sales, gross profit was 42.8%, compared to 38.8% in the second quarter of fiscal 2003. Product mix, which included strong sales in the parts and upgrades product lines, contributed to the increase in gross profit percentage in the second quarter compared to the prior-year period. "Despite the year-over-year decline in orders for the second quarter, we do not believe that this indicates a fundamental degradation in our markets or our competitive position. During the quarter, we experienced a sizable increase in quote volumes compared to last year. The quote volume is encouraging, and we believe the delayed order placements reflect our customers becoming more conservative as the year has progressed," said Morton. "We have customer commitments for a number of trial installations this summer that will allow us to prove the performance of newly developed products or of current products in new applications. Some of these placements could become orders this fiscal year pending successful performance and are important tests of future prospects for new revenues. In addition, the Company is finalizing plans to add sales and service offices in certain international markets, including China. We continue to believe that a local presence is critical to capitalizing on international opportunities, which are an important part of our growth strategy." biz.yahoo.com

To: - with a K who wrote (19090)	10/14/2004 11:37:01 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78464

re HELE -latest earnings look good only on the surface, IMO. Without acquisitions, earnings/share would have been flat but one has to dig in pretty deep in the 10Q to find out. I like the OXO acquisition but I have not been able to make sense of the cash flow statements. What bothers me is that HELE consistently has cash outlays for non tangible items (trademarks etc.). I think the stock is cheap for a reason. PE looks good but a lot of this profits are not owners earnings - FCF appears to be low and maybe even nonexistant. I could be wrong but this just does not feel right.