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IEC Electronics Corp. Message Board

  • peppyscheer peppyscheer May 21, 2013 8:24 PM Flag

    Normal valuations

    While I have dreamed of IEC in the double digits, it does not take much to improve on $3.50. The estimate for 2nd Q sales is $33 mil or $130 mil a year if no improvement. If cost cutting is made so margins return net could easily be in the $.18 range or $.72/ sh annual. Maybe not $15 a share material but $3.50? Some use sales for valuation. On time for $130-$140 mil, subtract long term debt and about $110 mil divided by 10 mil shares and a valuation of $11. Available at $3.52! Not a steal. Some here see the future better then me and sold in the 6s and 7s. They could buy back their positions and still have almost half their cash left for other investments. IEC had a misstep not a suicide. This overreaction gives a great buying opportunity.

    Sentiment: Strong Buy

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    • Yours seems like the voice of reason here. Why are we all discussing an accounting error that means relatively little to the bottom line, rather than a strong negative trend in the business? You seem to be convinced that the trend is reversible. Can you share with us your reasoning for that view?

      • 2 Replies to ericvann2000
      • First off....PEEPO is AliVe but the voice of reason? LMAO! Second 'an accounting error that means little'? OH ok. That must be what all the LAWSUITS are about. Thirdly 'strong negative trend'? Can't you read a news release? #$%$ do you think 'cuts in SG&A, layoffs& administration' mean? Fourthly, the trend is'nt reversible but it's stopable VIA BANKRUPTCY. Fifthly, get in mutual funds kid before you COMPLETELY lose your A#$ here!

        Sentiment: Strong Sell

      • I lean on a couple of things. The market they are growing in (on shore em) is a multi billion a year market. Huge room to grow. IEC has been providing high quality products based on numerous awards from customer and others. Though in many ways SCB has been a disaster, it has introduced IEC to numerous new GCs, some of these relationships are just beginning to bring in new contracts. Many fast growing companies like IEC have a plateau before the next surge. Non of this accounting #$%$ has nothing to do with future orders and growth. Nothing indicates that IEC's business model of high quality, low volume, high margin products is not a logical model for future growth. Before any of this accounting errors IEC was already discounted by a huge percentage. IEC's neighbor ULBI just reported a huge $.01 net on a 23% decrees in shares yet its market value is double IEC.

 
IEC
4.48-0.120(-2.61%)Jan 30 4:00 PMEST

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