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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...
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!
HEY!!! had a nice chat w/ lisa erwin at SIGA earlier - very upbeat, very positive outlook. i asked why the sudden move (near 50%) in price: no news. "we expect quarterly earnings growth". maybe she meant from the current q (loss) to the next, but it sounded like more. lets see what the fed does tomorrow if it's not already figured in. good day. T
Hi Thom. Did Lisa mention any success in the contract with
Northern Telcom mentioned in the last conference call? Or with
the effort to target other telcom companies in order to diversify
away from dependence on computer makers? It's great to see the
price break out of that August/Sep trading range.
karl. i have a lot of friends who have invested in siga and am about to do so myself. based on your knowledge of the firm what do you think the long term prospects (over 5 yrs) are? thanks for your help
There is an applied materials revolution going on that Battelle
Institute scientists rank as #2, right behind human genome mapping,
as the scientific area that will change our lives the most over the
next 15 years. SIGA's flextronics division is tied directly to the
applied materials revolution. New materials mean new ways to shape
products, supplanting rigid circuit boards. This is the area that
put the enthusiasm into the voice of SIGA officials when I first
talked to SIGA. Flextronics is already their fastest growing
area (though from a low base). PCBs will pay the bills for now, but
watch flextronics for long term growth.
Karl, sorry - didn't even ask about tele/net anything - too busy laughing; she's VERY confident about the future of siga, and that's speaks mounds. annual report is due out this/next week, and 1q97 soon too. i really like this company. thanks for your input and please post any communications. thanks. T
Did you see the announcment that Continental Circuits is planning on purchasing SIGA for .7 shares of their stock. The announcement just came out. I put the value around $8.40. This does put a new twist on the year end projections. Do you have any ideas ? Thanks in advance for your input.