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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.
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.
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.
did siga warn of lower than expected earnings or something. stock price has been beaten down and volume has been somewhat substantial. but i can't seem to find any news. i bought this one at 14.25 and sold to cut losses at 11. did not think it would tank this low. looks like this selloff is a little overdone and it is time to buy more. management is pretty good and it is just a matter of time before this one takes off again. industry looking strong. CHECK for yourself! look at slr, merx, sanm etcetra. all i can say is it is time to buy this one back for a long term triple or better...