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Sanmina Corporation Message Board

  • baubau baubau Nov 13, 2002 3:34 PM Flag

    SLR 2.6 Billion While SANM 1.5 Billion

    market cap valuation will narrow the difference, either SLR down or SANM up

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    • I sold them all last week at $3.35 I guess this was really good steps, i'll buy back if it slips again. Open my wide arm now, SANM is very welcome!!!

    • Um, I don't think so. Reason, it had a strong run after earnings. It has come down a bit due to that like near 90% gain from $2.00 to a high of $3.80.

      Since it has retreated somewhat as of late, I think the $3.00 level is going to be the new support level for Sanm. And if no bad news comes out and market continues to post good news, it will continue to climb.

      I will admit, when it hit $2.73 the other day I was tempted to sell. But it always goes up and down. And the trend for SANM is on an uptrend. So if they go down one day, they will go up past what they went down the following day. You can see that in the charts.

    • SANM is very weak by looking at its chart, i set an order to buy it at $2.92 or less. This shit will close at $3.03, since my friends sold their shares at $3.21

    • Yeah but, just shows you that a stock can hit $2.50, be in the same group as the Telecom's mess, and propel forward. Man, Im telling you, I regret not buying Nxtl at that time.

      Looks like SANM is finally going to get passed SLR sooner than later. I hope so!

    • Yep, you are right. The thing is though that NXTL's 03 EPS has a concensus of around $.60. So it is grounded with a fairly reasonable p/e of 20 - as the picture is painted today.

      Slightly different scenario.

    • Its really really weird that SLR is higher than SANM. They are both in the same line of business and although SLR has more in Revenue, SANM has a much better financial statement.
      ex.

      Revenue:
      Sanm = $2,617,626,000
      Slr = $3,032,800,000

      but, here's the difference...

      Change In Cash And Cash Equivalents
      Sanm = $320,224,000
      Slr = $276,100,000


      Net Income
      Sanm = ($4,994,000)
      Slr = ($284,400,000)


      This is of June2002 and can be found on yahoo finance.

      What does this mean? Sanm has more cash than Slr and has a much smaller loss than Slr for the June2002 statement. And this combined with their latest earnings report mean, Sanm is positioned to take off. Its only a matter of WHEN!

      • 2 Replies to jadakriz20
      • Lot higher short % in SLR! Check it out. That is now resulting in a cover bid. EOS

      • You are right, it is a little weird. The past two months they have jockeying for the last position. Most recently, SLR has been leading SANM - SLR will go up and then SANM follows in a day or two. However, both are still at only about 10% of what they were on 1/2/01.

        SOLECTRON
        1/2/2001 ----- $30.86 ----- �.. 0.0%
        1/2/2002 ----- $11.93 ----- �.. -61.3%
        5/31/2002 ----- $8.08 ----- �.. -73.8%
        6/28/2002 ----- $6.15 ----- �.. -80.1%
        7/31/2002 ----- $4.00 ----- �.. -87.0%
        8/30/2002 ----- $3.72 ----- �.. -87.9%
        9/30/2002 ----- $2.11 ----- �.. -93.2%
        10/31/2002 ----- $2.25 ----- �.. -92.7%
        today ----- $3.34 ----- �.. -89.2%


        SANMINA-SCI
        1/2/2001 ----- $34.34 ----- �.. 0.0%
        1/2/2002 ----- $20.25 ----- �.. -41.0%
        5/31/2002 ----- $11.80 ----- �.. -65.6%
        6/28/2002 ----- $6.31 ----- �.. -81.6%
        7/31/2002 ----- $4.07 ----- �.. -88.1%
        8/30/2002 ----- $3.54 ----- �.. -89.7%
        9/30/2002 ----- $2.77 ----- �.. -91.9%
        10/31/2002 ----- $3.08 ----- �.. -91.0%
        today ----- $2.92 ----- �.. -91.5%

 
SANM
23.86-0.08(-0.33%)Aug 22 4:00 PMEDT

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