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Methode Electronics (METHA) Message Board

  • fabulouspoodle fabulouspoodle Jun 15, 2000 10:16 AM Flag

    Does anyone have any take on the....

    34% growth in METHA's optical division - doesn't that seem low? I am thinking of getting back in but the mediocre growth is keeping me from pulling the trigger. Good luck Metha longs.

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      • 1 Reply to gator8387
      • I checked the S-1/A and you are correct - thanks
        for the information. For anyone interested, here are
        the last eight quarters revenue/income tabless for
        Stratos as per the S-1/A:


        QUARTER ENDED

        ----------------------------------------------------
        JULY 31, OCTOBER 31, JANUARY 31, APRIL 30,

        1998 1998 1999 1999
        --------- ------------
        ------------ ----------
        (IN THOUSANDS, EXCEPT PER SHARE
        AMOUNTS)
        Net sales.................... $9,179 $11,558 $10,180
        $15,541
        Costs of sales............... 6,123 7,626 6,687
        9,107
        ------ ------- ------- -------
        Gross
        profit................. 3,056 3,932 3,493 6,434
        ------ -------
        ------- -------
        Operating expenses:
        Research and
        development... 657 776 884 984
        Sales and marketing........
        871 1,190 1,059 1,394
        General and

        administrative........... 713 903 741 1,161
        ------ ------- -------
        -------
        Total operating
        expenses............... 2,241
        2,869 2,684 3,539
        ------ ------- -------
        -------
        Income from operations....... 815 1,063 809
        2,895
        Other income................. -- -- -- 50
        ------
        ------- ------- -------
        Income before income taxes...
        815 1,063 809 2,945
        Income taxes.................
        300 400 300 1,130
        ------ ------- -------
        -------
        Net income................... $ 515 $ 663 $ 509 $
        1,815
        ====== ======= ======= =======
        Pro forma basic
        and diluted
        income per share........... $ 0.01 $
        0.01 $ 0.01 $ 0.03
        ====== ======= =======
        =======
        Pro forma shares
        outstanding................
        54,030 54,030 54,030 54,030
        ====== ======= =======
        =======

        QUARTER ENDED

        ----------------------------------------------------
        JULY 31, OCTOBER 31, JANUARY 31, APRIL 30,

        1999 1999 2000 2000
        --------- ------------
        ------------ ----------
        (IN THOUSANDS, EXCEPT PER SHARE
        AMOUNTS)
        Net sales.................... $14,567 $16,023 $17,963
        $23,232
        Costs of sales............... 9,049 11,325 12,220
        15,470
        ------- ------- ------- -------
        Gross
        profit................. 5,518 4,698 5,743 7,762
        ------- -------
        ------- -------
        Operating expenses:
        Research and
        development... 1,466 1,399 1,825 2,355
        Sales and
        marketing........ 1,377 1,589 1,530 2,228
        General and

        administrative........... 1,081 1,330 1,355 1,595
        ------- -------
        ------- -------
        Total operating

        expenses............... 3,924 4,318 4,710 6,178
        ------- -------
        ------- -------
        Income from operations....... 1,594
        380 1,033 1,584
        Other income................. 800
        323 164 172
        ------- ------- -------
        -------
        Income before income taxes... 2,394 703 1,197
        1,756
        Income taxes................. 913 283 404 660

        ------- ------- ------- -------
        Net
        income................... $ 1,481 $ 420 $ 793 $ 1,096
        ======= =======
        ======= =======
        Pro forma basic and diluted
        income
        per share........... $ 0.03 $ 0.01 $ 0.01 $ 0.02

        ======= ======= ======= =======
        Pro forma shares

        outstanding................ 54,030 54,030 54,030 54,030
        ======= =======
        ======= =======

    • down optical into STLW/non-STLW because of the
      quiet period.

      I would assume that the faster
      growing assets are going to STLW, but who
      knows.

      Anyway, I bought more today because I think it will break
      $50 before the IPO.