To: Marsha Landau who wrote (33) | 8/29/1997 3:34:00 PM | From: quist | | |
Marsha, have you ever looked in EDGAR, in the 13G submittals, and seen how much of Sigmatron the TANG family controls?...It's weird...I have been in Sigmatron for about 9 months...got in at 18, watched it go to 22, and then with Jeff Vaniks pull out, have watched in horror...Nice to see it approaching 18 again, but take a look in the EDGAR database! |
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To: quist who wrote (34) | 8/29/1997 7:28:00 PM | From: Marsha Landau | | |
Yep--that Tang group holds 16.7% of the stock. Furthermore, the Chairman of the Board of Directors, Franklin Sove, is a VP at Tang Industries.
I don't know enough about boards to evaluate the situation. Sove has only 1,000 shares on his own.
Marsha |
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To: quist who wrote (36) | 8/29/1997 11:34:00 PM | From: Marsha Landau | | |
They're in Las Vegas. Tang Industries is "a privately held company involved in the manufacturing and distributing of industrial products," according to the SGMA annual report.
I'm off for two weeks now. More talk when I get back. Marsha |
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To: Marsha Landau who wrote (33) | 9/18/1997 3:59:00 PM | From: quist | | |
Marsha, have fun at the stock holders mtg tommorrow..I'd sure like to hear why 2nd qtr sales & profits were so down...I worry here (in Seattle), when I see Nighthawk carbon dioxide units on sale in the local Target store flyer...wonder if there is too much inventory. It would be nice if NBC's Dateline or 60 Minutes would do another spiel on how EVERY house should have one! |
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To: quist who wrote (40) | 11/19/1997 3:06:00 PM | From: kolo55 | | |
SigmaTron Announces Estimated Second Quarter Results
ELK GROVE, Ill.--(BUSINESS WIRE)--Nov. 19, 1997--SigmaTron International, Inc. (NASDAQ: SGMA - news) said today that it currently estimates revenues for the second quarter ended October 31, 1997 in the range of $25.0 to 26.0 million. This compares to revenues of $29.7 million for the second quarter of fiscal 1997, representing a decrease in revenues from 12 to 16 percent. The quarter is expected to be profitable but earnings are expected to be significantly lower than the same period a year ago, which posted earnings of 45 cents per share. Final results for the quarter ended October 31, 1997 are expected to be released on or about December 4, 1997.
''The decrease in revenue for the second quarter of fiscal 1998 is due to softer demand from our customers compared to a year ago. During the second quarter we continued to build the infrastructure required to support our anticipated growth,'' said Gary R. Fairhead, president and chief executive officer of SigmaTron. ''We have increased capacity at our manufacturing facilities, added machinery and equipment and personnel to position the Company for the future, all of which has negatively impacted our results during the second quarter.'' |
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To: kolo55 who wrote (41) | 11/19/1997 4:31:00 PM | From: wang | | |
Hi, Paul: Do you think that SGMA has reached its bottom? Any additional thoughts about this company from you would be very much appreciated.
Thanks
wang |
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To: wang who wrote (42) | 11/19/1997 7:51:00 PM | From: kolo55 | | |
I think this stock is much too risky.
I also don't trust management. Good PR, but lousy operational execution. Given the recent drops in this sector, if you want to go bottom fishing, try ACT Manufacturing (ACTM). Other higher risk/ higher reward micro-cap picks could be Elamex (ELAMF) or Deswell (DSWLF). Or you could stick to the high powered strongest competitors like the Big 5 of the ECM companies, SCI, SLR, JBIL, FLEXF, DIIG. This group of five should appreciate 30+% a year for the next three years. Why look elsewhere?
For more on Sigmatron, try reading these posts: techstocks.com techstocks.com techstocks.com techstocks.com techstocks.com techstocks.com techstocks.com techstocks.com
Of course, management may have now lessened the dependence on Nighthawk. I would wait until next spring before I even considered this stock.
Enjoy, Paul |
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