To: Ditchdigger who wrote (3375 ) 4/20/1998 6:09:00 PM From: Sergio H Read Replies (1) | Respond to of 29382
DD, QUST was a DIS stock, so I'm familiar with it. Nice pick. Here's some notes: QUESTRON TECHNOLOGY Ticker: QUST Exchange: NASDAQ Address: 200 S BROAD ST STE 800 PHILADELPHIA PA 19102 Telephone: 215-546-6200 Contact: Dominic Polimeni (561)241-5251 KCSA, New York - (Company's IR firm) Adam I. Friedman/Joseph A. Mansi/Sarah Shepard (212) 682-6300 http:// www.kcsa.com GENERAL Distributes fasteners and electronic hardware sold to electronic equipment manufacturers. Management believes that Quest has the opportunity to become a significant participant in a very fragmented industry dominated by so called "mom and pop" type operations. Management's goal is to expand the business through a combination of continued penetration of existing markets, expansion into new markets and acquisitions. (the RECY of the fastener business). * RECENT ANALYST COVERAGE OCT. 31, 1997 J.W. Charles initiates coverage with a BUY recommendation projects $0.90 earnings in '98, and a 12-month price target at $15. OCT. 28, 1997 Ladenburg Thalmann initiates coverage on Questron Technology -- Long Term Buy 12 month target of $13. * INSIDER BUYING QUST Management and Ladenburg Thalmann management (Corsair Parners) recently bought 13% of the outstanding Preffered shares: For the Account of: Transaction Transaction Number of Shares Price Per Share ------------------- ----------- ----------- ---------------- --------------- Corsair Partners 8/5/97 Purchase 7,900 $7.8125 Corsair Partners 9/2/97 Purchase 7,900 $8.06 Corsair Partners 9/10/97 Purchase 7,900 $7.56 Corsair Partners 9/23/97 Purchase 31,000 $7.8625 Corsair Partners 9/24/97 Purchase 31,000 $7.9819 Corsair Partners 9/25/97 Purchase 23,700 $8.2058 Corsair Partners 9/26/97 Purchase 7,950 $8.685 Corsair Partners II 8/5/97 Purchase 2,100 $7.8125 Corsair Partners II 9/2/97 Purchase 2,100 $8.06 Corsair Partners II 9/10/97 Purchase 2,100 $7.56 Corsair Partners II 9/23/97 Purchase 9,000 $7.8625 Corsair Partners II 9/24/97 Purchase 9,000 $7.9819 Corsair Partners II 9/25/97 Purchase 6,300 $8.2058 Corsair Partners II 9/26/97 Purchase 2,050 $8.685edgar-online.com * ACQUISITIONS In September 1997, the Company acquired 100% of the issued and outstanding capital stock of California Fasteners a privately owned a fasteners and related products distribution business with locations in Anaheim, CA, San Diego, CA and Phoenix, AZ.quicken.excite.com In September 1997, the Company purchased the net operating assets of Power Components a privately owned distributor of lithium batteries.quicken.excite.com In June 1997, the Company acquired 100% of the issued and outstanding capital stock of Integrated Material Systems a privately owned distributor of fasteners based in Scottsdale, AZ. freeedgar.com On March 10, 1997, the Company acquired 100% of the stock of Comp Ware Distribution a privately owned company.Webb is a fastener and electronic hardware distribution business serving the New England market.freeedgar.com *OTHER WARRANTS: Exercisable at $5.75 effective March 98 but redeemable by the Company if the common's share price remains above 8 1/2 for 20 consecutive days.quote.yahoo.com PREFERRED: Convertible into 1.4375 shares of common March 99.quote.yahoo.com <><><><><><><><><><><><><><><><><><><><><><><><><><><> The insider buying info and the earnings info is a few months old and not updated. The Co. has announced a few more acquisitions also, and the preferred convertibles are being retired (a plus). Sergio