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Technology Stocks : SI Handling Systems (SIHS) -- Ignore unavailable to you. Want to Upgrade?


To: Heroic who wrote (24)5/9/1998 6:37:00 PM
From: r. c. cummings  Read Replies (1) | Respond to of 31
 
Looking for earnings date (anyone know when?) I went back to the Red Chip Rev report on SIHS. Re-reading the article, I was intrigued by the news that SIHS had just won a small ($6 mil) contract from the US Postal service to rehab one of its processing centers. I recall that years ago, Grumman received a small contract to build a few of those goofy looking mail trucks that are now ubiquitous. That began as a small contract but blossomed into a huge cash cow for Grumman. The same could happen to SIHS with re to the USPS--there are 6 other major processing centers, and 14 medium sort centers across the country. Fulfilling these needs for the USPS could generate (according to RCR) 75 to 150 million. Total sales for all of 1998 are estimated at only $45mil.

In the meantime, the stock has been doing very well, on noteworthy high volume.