| To: Them Luu who wrote (73) | 4/28/1996 9:51:00 PM | | From: Thom | | | |
call the company -
decision was up for discussion last week with the underwriter, and outcome is evident. the last time i called, i spoke with phillip... bushmill.... or something. wouldn't swear to the name, but told me he had no intention of "giving the company away". they really do need to square away their debts, and so the secondary offering was for such, but is now likely on hold. personally, i baled all but a couple hundred shares until they send a significant mailing. june quarter is in need of something outrageous to look good in the eyes of wall street.
ps - management is fine (a bit overanxious with earnings expectations) and the pr is a matter of timing - i wouldn't try selling a bunch more shares either if the time was after a down quarter. good long term hold? perhaps. |
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| To: Stockman who wrote () | 5/2/1996 12:44:00 PM | | From: Karl Drobnic | | | |
Featured stock.
I wrote a feature article on Sigma Circuits in April, 1995 when the
shares were $2.50 and trading a few hundred per day. Since then I've
participated in their quarterly conference calls - they have two
divisions that are growing very fast, and 3rd division that is their
bread and butter. In the latest conference call, SIGA said it is
adding sales force. Once the current secondary offering is out of the way, I look for SIGA to advance to the mid-teens. I'd be glad to send a copy of my feature article to interested investors. I need your POSTAL address to do so. |
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| To: Them Luu who wrote (73) | 5/3/1996 5:09:00 PM | | From: Karl Drobnic | | | | |
Actually, PR is excellent at SIGA. Each quarter, SIGA hosts a
conference call to answer all questions about the latest qtrs.
earnings and events. Philip Bushnell, the CFO usually handles
queries about numbers and often, calls to the company. Information
is also sent out by interactive fax at 1-800-pro-info. All you need
is a phone and fax to get information instantly. SIGA employs a top
West Coast PR firm. Splitting the stock was not "stupid"; it made
the shares more liquid so more funds and money managers could take
block positions. Professional traders disliked the split PRIOR to
the secondary; they would have preferred it vice versa. There's lots
of professional interest in SIGA, and management is doing an
excellent job of guiding the company's growth and strategies. |
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| To: Karl Drobnic who wrote (78) | 5/5/1996 4:59:00 PM | | From: Thom | | | |
secondary offering?
i thought the secondary offering was put off... when is it? do you know earnings estimate, etc? have estimates been lowered because of the failure to meet them last quarter? |
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| To: Thom who wrote (80) | 5/5/1996 5:55:00 PM | | From: Karl Drobnic | | | | |
My understanding is that the secondary will be done if it can go
off on terms favorable to SIGA. If the price is depressed, they
won't do it. It pretty much leaves it to the underwriter to keep
the price supported. So it's a good trading buy if the price dips.
SIGA mngmnt. appears to be in no hurry to give away the stock at a
cheap price. One savvy holder of SIGA stock calculates his estimate
of SIGA's quarterly earnings 4 quarters out and multiplies by 50 to
get a target price. Given that sales in TX are apparently going
through the roof (and that's where Compaq's at), I'd expect operating
EPS to be strong, and I'd discount any extraordinary items. SIGA is
likely to look for another acquisition if the secondary goes off. They
need another facility near clients outside California. |
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| To: Thom who wrote (82) | 5/6/1996 9:43:00 AM | | From: Karl Drobnic | | | | |
I don't know a date, but I expect the secondary to happen. Quick
turn requires having adequate plant capacity to get an order to the
customer in 30 days or less, and one way to gain time is to locate
facilities near major customers. More sales staff means more orders;
more orders means more factory capacity is needed. |
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