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SigmaTron International Inc. Message Board

  • tac1001 tac1001 Mar 18, 2004 1:17 PM Flag

    over reaction

    Net earnings declined by $600,000 sequentially, and as a result the market cap has dropped by $31,000,000. Work-in-process inventory at the end of the quarter was up 37% sequentially, and chances are, sales will pop back up next quarter.

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    • Hi, new to this board although I've followed your comments here since it's recent strong pull back. Checked the Quicken site for more info (not a big fan of Quicken but it has it's place)and was surprised to see how strongly they rated it in their five categories of growth trends, financial health, management performance, etc.

      From a chartist standpoint this stock seems way oversold. If it starts to move back up with good news, I'll be in. I like the size of the float.

    • SGMA is now trading approximately at net tangible assets of 40 million. You are thus effectively buying all future cash flows for free.

      Annual cash flows stand at around 6 million so even assuming there is no grow you would be buying a yield of 15%.

      It is hard to say when or by how much the china plant will start to add substantially to earnings but the investment has already been made. If SGMA is able to show any growth from its China plant...

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