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Hexcel Corp. Message Board

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  • winmore_98 winmore_98 Oct 5, 1998 4:13 PM Flag

    LONG HXL

    The numbers at this low level do not hold much
    logic. 9.125? Please! The cash flows down here are more
    than the capitalization for crying out loud! How often
    does this happen to public companies? Can't wait to
    see the quarterly report. If .36 and we figure 1.44
    annual, a PE of 6.3 is stupid low; if earnings stay flat
    in 4q and start to rise in 1999 how can this
    Twilight Zone episode last? However, if the industry talk
    about declining earnings from the asia debacle mean
    lower earnings for 1999 we have to refigure our
    patience.

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    • Win --

      Agreed -- this makes no sense.
      We're at a 2-3 year low, yet someone is selling?!


      Why? What do they know? C-S acquisition will probably
      not pay for itself if semi industry in slump thru 99.
      Other undervalued stocks out there must be more
      appealing. Oh well.

      A98

      • 1 Reply to Angst1998
      • Related QuotesHXL
        9 1/16
        -11/16
        delayed
        20 mins - disclaimerMonday October 5, 4:38 pm
        Eastern Time

        Company Press Release

        Hexcel
        Announces Additional Stock Buyback

        STAMFORD,
        Conn.--(BUSINESS WIRE)--Oct. 5, 1998--Hexcel Corporation
        (NYSE/PCX: HXL) announced today that its board of directors
        authorized the company to repurchase up to an additional $10
        million of its common stock. The company also said that
        its board of directors may approve additional stock
        buybacks from time to time subject to market conditions
        and the terms of its credit agreements. The purchases
        may be made in the open market at prevailing prices
        or in privately negotiated transactions. The company
        has approximately 36,323,705 shares outstanding, with
        two large stockholders holding about 60% of these
        shares.

        Hexcel also announced that it completed
        its previously announced program to repurchase $10
        million of its outstanding common stock. During the
        period from August 6, 1998 to September 10, 1998, Hexcel
        repurchased a total of 811,700 shares at an average cost of
        $12.32 per share.

        Hexcel Corporation is the
        world's leading advanced structural materials company. It
        manufactures lightweight, high performance carbon fibers,
        structural fabrics, composite materials and engineered
        products for use in commercial aerospace, electronics,
        space and defense, recreation and general industrial
        applications. Hexcel's 1997 revenues were $937 million.

 
HXL
43.28-0.35(-0.80%)Jul 28 4:02 PMEDT