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Non-Tech
SUMMA INDUSTRIES (SUMX) PLASTIC! The Future?
An SI Board Since June 1998
Posts SubjectMarks Bans Symbol
148 2 0 SUMX
Emcee:  Arthur Radley Type:  Unmoderated
Introduction Market Data Compact
Does anyone follow this stock? It appears to have a lot of merit and from "The Graduate" we know that the future is in plastics.

SUMX is growing at a fast clip by acquiring companies in this fragmented industry(plastic). Revenues have grown from $3.6M in 1991 to over $43M in 1997. Revenues for 1998 are projected to be over $90M.

1) Calnetics--produces ceiling panels and tubing for building industry.
2) LexaLite International--makes products for lighting fixtures.
3) GST Industries--makes products for industrial firefighting and aircraft industry.
4) KVP Systems and Falcon Belting--produce plastic conveyor belts for the food industry.

Currently trading at $11.25 with PE of 13. Projected earnings for 1998 are .94 cents. 1999 projected at $1.11. Last quarter earnings beat projections by nearly 20%.

The one negative I see is the debt load for the acquisitions. On the positive side, cash flow is excellent and should allow for them to pay down debt in an orderly manner.

Any comments will be appreciated. Good Luck!
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148Dude, SUMX is coming back. It will break the down trend at $10.50. SUMX is stillWade-4/15/2002
147Wade, SUMX is presenting today at the REDCHIP conference. Take a look at these sArthur Radley-9/18/2000
146Dude, Wish you a nice trip. The small stocks will come back alive when all of Wade-9/15/2000
145Wife and I will be heading up your Old Way in a few weeks. Plan a trip to New HaArthur Radley-9/9/2000
144Hi Dude, SUMX has been ignored by the funds just because it is a small company. Wade-9/9/2000
143Wade, Thanks for the TA....I would expect the old 52 week high to be taken out sArthur Radley-9/9/2000
142Hi Dude, I looked at the chart and found out that it looks like an inverted headWade-9/8/2000
141Hi Dude, Well, looks like you really loaded it up this morning<GG>. I didWade-9/7/2000
140Saddle UP! I think we are ready to ride. (:>) Pressure is to the upside.....Arthur Radley-9/7/2000
139Wade, I finally was able to do my part this morning. Sure wasn't easy takingArthur Radley-9/7/2000
138HaHa.. I got it. Have a great play. How about GT? Sincerely, WadeWade-9/6/2000
137My read is the quarter(4th) just ended and the smart money is getting in....befoArthur Radley-9/6/2000
136Dude, What is your read?Wade-9/6/2000
135Watch SUMX about 10 minutes after the market opens tomorrow...that is unless it Arthur Radley-9/6/2000
134Nice volume and looks like going to break out the short term high again. Hold onWade-9/6/2000
133I am glad to see SUMX is on Forbes's radar again. This stock is moving up niWade-8/28/2000
132After your comments, I did send an email to the CEO of Summa. Probably want readArthur Radley-8/7/2000
131Take a look at INKP...having a nice run today. Niche product coming for growing Arthur Radley-8/7/2000
130Hi Dude, You really full of creativity<GG>. Looks like it is a really goodWade-8/7/2000
129Wade, Wouldn't it be great if SUMX would take-over SWTX. Certainly would havArthur Radley-8/7/2000
128 Wade, It appears that you are right..." no one cares". Look at the voArthur Radley-4/25/2000
127 No one cares. This has to be the absolute bottom. The chart tells every thingWade-4/25/2000
126 Take a read: biz.yahoo.com According to Marshbanks, Summa Industries (Nasdaq:Wade-4/24/2000
125 I just listened the recording of the first part of the Feb.18 conference call. Wade-3/28/2000
124 Dan and Dude, Did you listen to the conference call? It is not on the V-call yeWade-3/25/2000
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