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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (2192)	2/5/1999 2:35:00 PM
From: Jerry S.	Read Replies (2) \| Respond to of 52051

HS upgraded today - It's a screaming buy, imo (News inside) RESEARCH ALERT-CHS, Ingram, Tech Data started NEW YORK, Feb 5 (Reuters) - Credit Suisse First Boston on Friday said analyst Joel Pitt initiated coverage of computer peripheral sellers CHS Electronics Inc. (NYSE:HS - news), Ingram Micro Inc. (NYSE:IM - news) and Tech Data Corp. (Nasdaq:TECD - news), all with buy ratings. -- Pitt said that despite challenge of direct PC sales and Internet, revenues from the distributor channel are projected to grow faster than personal computer/information technology (PC/IT) market as a whole. -- he set a $42 a share price target for Ingram Micro. -- set a $30 target for Tech Data, and notes that current low price creates a buying opportunity. -- aggressive pricing will drive top line growth strengthening long run position. -- set a $28 target on CHS Electronics. -- Tech Data rose 11/16 to 22-13/16 on Friday morning. -- Ingram rose one to 29-1/4. -- CHS rose 7/16 to 13-9/16.

To: Stock Watcher who wrote (2192)	2/5/1999 2:49:00 PM
From: Mr.Manners	Read Replies (2) \| Respond to of 52051

SW, ECIC.. other info To: Wayne Rumball (4710 ) From: Daniel Miller Friday, Feb 5 1999 2:40PM ET Reply # of 4715 Well just look at this... I posted it on another thread. It has all the big info about them. Guys... If you havn't heard my new pick was announced this morning. It is ECIC. They are announcing some major positive news on Monday. But the thing which really interests me is their new project plan which they said they will be releasing about Wednesday next week. They are making some real profits. Their 10K showing this should be out soon too. Seems to have everything pointing in the rigt direction. Oh yeah, Did I forget to mention that they have an OS of 1.9 Million? Float is estimated at about 100k shares. Thats 100,000 shares. No typo. Oh, look at this too... Bizfn article... Recent News On January 12, 1999, Eagle Capital International, Ltd. (ECIC otc bb), through its controlling interest in Great Wall New Building Systems, Inc. (GWNBS), entered into a Letter of Intent with the Beijing Shuanlong Cement Group Company. The deal will be completed by the end of the first quarter. Production is expected in August of 1999. From projects in place, annual sales of 6.3 million blocks and gross profits of $1.2 million are expected. The company is also in discussions with numerous other cities, including Changzou, Shanghai, Beijing and Tianjin. There are an additional three Letters of Intent for joint venture agreements, which would produce annual sales of approximately 16.4 million blocks. The IMSI technology has proved successful in the U.S. and overseas. The IMSI system has been used in over 1,000 buildings in the US during the past 12 years and has also been used to build two six-story apartment buildings in Harbin, a city in the industrial heartland of China. To read about their previously announced deal in India and get some mor background info, go to: bizfn.com The company followed this announcement with news that they have announced a financing commitment to fund the building of mobile block plants which use the patented IMSI technology. Eagle Capital International Ltd. announced on Feb. 2, 1999 that Lone Wolf Energy Inc. has agreed in principle to finance about $60 million for Eagle to use to lease mobile block plants to construct buildings using the patented IMSI Insulated Reinforced Masonry System. The financing is a multi year commitment that will provide Eagle with the necessary resources to complete projects worldwide. The financing will cover equipment which will include approximately 70 mobile block plants. Why We Believe the Stock is Undervalued Eagle Capital trades at about $2 1/2 per share and has 2 million shares outstanding. That puts a market value of $5 million on the company presently. The company's paper assets are its licensing agreements with IMSI, position as the provider of equipment capital for IMSI, rights to be sole marketer of IMSI technology in some international markets, and joint venture partner in other projects. In addition to the present day value of their relationship with IMSI, Eagle capital has or will have significant hard assets very shortly. They have a letter of intent to acquire land in Utah valued at $4.5 million, consisting of approximately 275 building lots in the city of Lehi, Utah, a suburb of Provo, the home of Brigham Young University. The development will serve as a pilot project for construction using IMSI technology. The technology has already been used to build 1,000 buildings in the U.S., so its use is proven. Just the value of that undeveloped land exceeds the market value of ECIC. Eagle Capital will also add value to land by developing it. Eagle Capital will also acquire a minimum of 20 portable block construction plants in 1999 and an additional 50 in year 2000. Each Mobile Block System costs Eagle $500,000, but these plants have a very high return on investment. Eagle expects plants to be fully utilized which means the plants pay for themselves in 5 to 6 months. The plants have a life span of 20 years, which means 19+ years of free cash flow. With plans to have 20 such plants in 1999 and 50 in 2000, Eagle is looking at millions of dollars of free cash flow. Each of the 20 plants that Eagle will have at the end of 1999 can on average generate $46,000 revenues per month on two eight hour shifts. That represents about $11 million in revenues, much of that free cash flow as plants are financed and/or paid of very early. On the 70 plants planned by 2000, the revenues just from mobile plants will be in the neighborhood of $38 million. In addition to Eagle's share of JV revenue, there will be loads of free cash flow in comparison to the company's market cap of roughly $5 million. This should put Eagle in a very solid position to issue dividends in 2000 and buy back stock.