(Year end Jan.31)
Summary
Famous switch producer. Current price around $15.
1.Currently asset - Total liability = 309m. Close to current market cap 345m.
2. No deficit in last 10 years. Average earning for past 5 years around $1.4.
3. Total debt 60m. Total liability 158m. Cash(85m)+Receivable(95m)=180m. Total current asset 467m.
4. Current dividend 0.32 pre year
5. Solid growth in last 5 years.
Conclusion:
Target buying price $14.
Updated
Oct. 27, 2008
Today's price around $12. Down 8.5% today, don't know the reason.
1. Current market cap less than 300m. It is net net working capital now.
Conclusion:
Need read more of their financial report.
Dec. 15, 2008
Very good analysis articles:
Very good analysis articles:
Feb. 25, 2009
Q3 2009 data
1. Recent price around $6.0.
2. Dividend cut to $0.05 per quarter.
3. Estimate earning around $1.0 for whole year 2009.
Apr. 09, 2009
Q4 2009 data
1. Suspended dividend payment.
1. Estimate saving around $50m to $60m per year from cost saving program.
2. Estimate capital spending for 2010 is less than $10m
3. Estimate $1.0 earning lost for first half and zero earning for whole year 2010
Q3 2009 data
1. Recent price around $6.0.
2. Dividend cut to $0.05 per quarter.
3. Estimate earning around $1.0 for whole year 2009.
Apr. 09, 2009
Q4 2009 data
1. Suspended dividend payment.
1. Estimate saving around $50m to $60m per year from cost saving program.
2. Estimate capital spending for 2010 is less than $10m
3. Estimate $1.0 earning lost for first half and zero earning for whole year 2010
Sept. 17, 2009
Recent price over $13. very good analysis articles:
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