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I don't normally create new threads, but this one is begging for comment. ATEC Group just made Inside Wall Streets Hot Stock of the Week today after reporting, yet again, phenomenal growth with minimal stock movement. This is possibly one of the most undervalued plays in this area. Read on and judge for yourself: January 24, 1997 "A Key Technology Player" ATEC Group is a full-service computer systems integrator, primarily for small and mid-sized companies, government agencies, and educational institutions. ATEC provides its customers with a wide range of services, including design, integration and installation of computer systems, local area networks. high-volume data communications, video conferencing and Internet-ready solutions. - ATEC's revenues for the first quarter of 1997 were $25,600,000, up 80% from $14,200,000. Their earnings per share doubled, up to $0.02 from $0.01. - ATEC's net income for the first quarter ended September 30 was $400,603, a 149 percent increase over the $160,891 reported for the 1995 period. Net revenues were $25,639,086 for the 1996 first quarter, up 80 percent from $14,279,684 reported for the 1995 period. - The Company reported record fourth quarter and year end results. Fiscal 1996 revenues were $81,812,045, up 72 percent from $47,565,542. Net revenues for the fourth quarter were $23,608,831, up 35 percent from the $17,475,676 reported for the same quarter of 1995. - ATEC is the product of intelligent acquisitions. The Company's "inductees" include American Computers Systems Corp., CONY Computer Systems, Innovative Business Micros and VDot.Net. Each business ATEC acquired has produced dramatic growth in net sales. - ATEC expects to continue to achieve record results fueled by a combination of strong internal growth and successful acquisitions. The Company continually looks for profitable acquisition candidates that will strengthen product lines through new and improved technologies. Founded in 1994, ATEC's key strategy has been to capitalize on the proliferation of personal computers in the workplace and the growing need for corporations to link these machines into networks. ATEC offers leading computer products and superior technical support to an industry dominated by large scale, impersonal superstores and direct mail companies. - ATEC not only sells the leading hardware and software, but also supplies the service and support. ATEC develops entire computer systems by integrating equipment and software from various manufacturers. - ATEC enjoys a high degree of repeat business and long contract life cycles, leading to recurring revenues and greater predictability. - The Company's core systems integration market is growing rapidly. By 1998, the domestic market is expected to grow to $35.6 billion from $17.7 billion. In 1996 alone, U.S. spending is expected to approach $28 billion for corporate and personal integration solutions. - ATEC's experienced management team and established relationships with the world's principal technology vendors pose substantial barriers to entry for competitors. - Approximatey 70 percent of the common and common equivalent shares are held by insiders. ATEC is expecting revenues of 100 million for 1997 and expecting a net income of 16 cents a share. This sector of the market sports an average P/E ratio of 20.8 and a market capitalization to revenues ratio of 1.25. This translates into a fair market value of at least 3 to 5 dollars for ATEC within a year. The stock is currently selling at around 75 cents due to a lack of retail interest and massive short selling in the stock. The stock went into a level three short restriction a couple of days ago due to the lack of shares to short. The Company announced a 2 million share buyback, and now has purchased 700,000 shares on the open market of the two million, all of which will be restricted and used for further aquisitions. Furthermore, there is a rumor that the Company will purchase a major competitor for stock when the share price is higher, increasing total revenues to $250 million. The Company is highly motivated to get the stock price higher and get the Company NMS listed, for which it already qualifies, except for the stock price. Corporate Name - ATEC Group, Inc. Symbol/Exchange - ATEC - NASDAQ Shares Outstanding - 17,066,797 Estimated Public Float - 5,600,000 Recent Price - $0.71 52 - Week High/Low -$1.53 - $0.56 Contact Name: Michael Irving Contact Phone Number: 407-875-1110 This week's Hot Stock of the Week was submitted by Michael Irving a subscriber to Inside Wall Street's E-news, a free E-mail newsletter. Inside Wall Street is an excellent website, worth exploring at insidewallstreet.com | ||||||||||||||
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