| 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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| To: Karl Drobnic who wrote (85) | 9/17/1996 9:36:00 PM | | From: virgil vancleave | | | |
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... |
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| To: Stockman who wrote () | 9/19/1996 11:34:00 PM | | From: virgil vancleave | | | |
siga made a pretty strong upmove today on what appears to be no
knews. if they make their estimate, this stock is so undervalued its
pathetic. looks good to me still and i plan to buy on any weakness. |
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| To: virgil vancleave who wrote (86) | 9/22/1996 12:40:00 PM | | From: Karl Drobnic | | | | |
At the last conference call, SIGA's CEO expressed confidence that
full year earnings would be $1.00 or more, but he was not hopeful
of meeting 1Q Wall St. estimates of $.18/share. SIGA has normal
orders in its printed circuit board business and growth in its
backplane and flextronic divisions. The expenses of closing the
Los Angeles facility are behind it. I expect SIGA to follow last
year's chart - a great winter rally! |
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