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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Zakattack who wrote (4681)	4/6/1998 11:26:00 AM
From: TokyoMex	Read Replies (7) \| Respond to of 34592

Monster stock ... newbies stay out .. UFPT Cramer has owned 992,900 shares since before '96. SEC Edgar database is only archived to 1/96, so this is all i could come up with. The filing in which he first expressed a desire to help the company find a suitor was March 18th 1998. sec.gov ______________________________________________________ UFPT Full Report ufpt.com Dine in or take out? Jim Cramer opts for take out, making quick moves to capitalize on industry consolidation. UFPT- UFP Technologies, a fully reporting Nasdaq company, designs and manufactures a wide range of high-performance cushion packaging and specialty foam products and 100% recycled molded fiber packaging products for a variety of industrial and consumer markets. Its foam and plastic packaging is used in applications such as plastic trays for medical devices and corner blocks for telecommunication consoles. The company's specialty products include medical trays, orthopedic devices, foam gaskets, foam seals, and footwear inserts. UFP Technologies markets its packaging and specialty products in the United States to OEMs in the computer, electronics, telecommunication, medical, and pharmaceutical industries. UFPT has 3 main divisions. Molded Fiber Technology, Plastics Packaging, and Specialty Products. A significant area of growth is in its MFT Division. The MFT, is the US market and technology leader in custom, 100% recycled paper packaging for computers, peripherals and light electronics. With the trend towards more environmentally friendly packaging, MFT will continue to experience significant rates of growth. Jim Cramer, the famed New York Hedge Fund Manager and editor of TheStreet.com, has a significant stake in this company. He currently owns 992, 900 share or 21.3% of the outstanding, which was bought before '96. Cramer filed a 13D/A on March 18th 1998 with the SEC detailing that he is working with the management to enhance shareholder value. á stating the company should pursue either an acquisition or merger. "In particular, the Reporting Persons suggested to the Company that it consider (i) engaging an investment bank to prepare a valuation analysis of the Company, (ii) exploring the possibility of a strategic acquisition or merger with a suitable partner. . . " This filing came 48 hours after a major shake up in the foam industry. Foamex Inc., a competitor, on March 16th 1998, received a $17/share all cash tender offer. Foamex is currently trading at 17 5/8 which may suggest that investors and arbitrageurs are looking for another suitor with a higher offer. Using a multiple to revenue model, UFPT should see a takeover at or above $10/share. Foamex received a $17/share cash tender offer along with assumption of all long term debt. The following figures are taken from their most recent 10K - Market Capitalization = $17/share x 24.9 million shares outstanding + 483.3 million in long term debt = $906.6 million Net sales. = $926.3 million Multiple Cap to sales = $906.6/$926.3 = 0.98 sales. UFP Technologies Shares Outstanding = 4.67 Million Long term debt = $624,000 Net Sales = $45.5 million If you assign a similar multiple to sales to UFPT = 1 x sales Takeover bid =$9.61/share Fundemental Data___ PE ratio == 14.87 Shares Outstanding = 4.67 million Float = 1.60 Million Book Value= $2.93/share 1997 Sales= $45.5 million 1996 Sales= $39.4 million 3 year EPS growth = 91.2% INSTITUTIONAL OWNERSHIP # of Institutions = 8 % Shares Out. Owned = 27.73 % 3 Month Net purchases = 0.22 Mil. 4 year revenue growth 1997 1996 1995 1994 .................................................................................... Revenues ($Mil) 45.5 39.4 34.1 31.9