Raymond here is some information for new investors or potential investors. Most if not all has been posted here. I thought I would try to make it easier. I really like PCTH at these levels. Especially the warrants.
PACICFIC AEROSPACE $ ELECTRONICS
Address: 434 Olds Station Road
Wenatchee, WA 98801
Phone: (509) 667-9608
Fax: (213) 658-9075
Officers:
Donald A. Wright, Pres./Chmn./CEO
Nick A. Gerde,
VP-Fin./CFO/Treas./CAO/Asst. Secy
COMPANIES WEBSITE
pcth.com
PCTH has six operating subsidiaries, which are divided into two
operational and marketing groups. The Company's Aerospace Group consists of
Cashmere Manufacturing Co., Inc. ("Cashmere"), which manufactures high quality
machined aluminum parts and components, Seismic Safety Products, Inc. ("Seismic"),
which markets seismic safety gas shutoff valves manufactured by Cashmere, and Morel
Industries, Inc. ("Morel"), which manufactures cast aluminum parts and assemblies.
The Company's Electronics Group consists of Pacific Coast Technologies, Inc.
("Pacific Coast"), which manufactures and sells electrical connectors and instrument
packages, Ceramic Devices, Inc. ("Ceramic Devices"), which manufactures ceramic
capacitors, filters and feedthroughs, and Northwest Technical Industries, Inc. ("NTI"),
which manufactures explosively bonded dissimilar metals.
The electronic products business of the Electronics Group is
characterized by relatively low volumes and higher margins, as compared with the
metal products business of the Aerospace Group, where volumes have historically
been higher and margins lower than in the electronic products business. The Company
believes that margins will generally remain higher in its Electronics Group than in its
Aerospace Group, although products incorporating both electronic and metal parts are
expected to generate margins closer to electronic product margins. As a result of
margin differences, changes in product mix between electronic and aerospace products
can be expected to affect overall margins for the Company.
I think that there has been recent confusion over the Jungle Street and Olympic Tool
acquisitions that were canceled along with concern over Boeing since it plays a major
part in the revenues for PCTH. The
following announcements show that the company appears to be back on
course.
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
I particularly like the back log of over 70 million with anticipation of shipping at least
42 million this year. Price to sales is only 1.2 with a beta of .17. If they continue to hit
estimates then with next quarter showing them at .09, it should take them to .30. At a
very reasonable pe of 20 for a growing company like PCTH, that gives them a stock
price of $6 in the next two months or so.
THREADS TO ACCESS INFORMATION ON PCTH
messages.yahoo.com
Subject 11300
Pacific Aerospace and Electronics Sales and Earnings
(Fiscal Year began June 01)
Gross Sales Net Income EPS
Q1 1996 $3,456,000 (192,000) (.04)
Q2 1996 $3,675,000 (392,000) (.06)
Q3 1996 $6,356,000 (238,000) (.03)
Q4 1996 $7,238,000 (177,000) (.02)
Q1 1997 $7,445,000 226,000 .03
Q2 1997 $8,317,000 458,000 .04
Q3 1997 $8,093,000 244,000 .03
Q4 1997 $10,320,000 754,000 .07
Q1 1998 $11,776,000 811,000 .07
Q2 1998 $12,427,000 830,000 .07
Pacific Aerospace and Electronics Annual Sales and Earnings
Gross Sales Net income EPS
1995 $11,035,000 (1,411,000) (0.14)
1996 $20,725,000 (999,000) (0.16)
1997 $34,175,000 1,682,000 0.17
1998 $50M-$60M(e) 0.25-0.35e
MOST RECENT EARNINGS RELEASE
sec.yahoo.com
NEWS ARTICLE REGARDING COMPANIES STRATEGY
washingtonpost.com.
biz.yahoo.com
SHORT INTEREST
viwes.com
Hope some of this helps
Cary |
