Zeev's Turnips Patch-No Politics (ZEEV)

[Fred Langford]

Paul,

I listened to ALOG's conference call and I'm not so sure I'd short ALOG down here, its' PE, according to Yahoo is 11.
They have the healthcare <imaging> segment to back up their security section which makes it more deversified.. And they declared a small dividend recently.
It's a very thinly traded stock, 13 M shares, so it could certainly be pushed lower. But as Zeev would say, 'I think there are better shorts out there'. Vector Vest shows it as undervalued.
The CC may still be available as they reported 3/12, you ought to give it a listen. The have some interesting new products, one with Lockheed that should prove very profitable

Here's a snippit from The Vector Vest analysis:

Abstract
ALOG has about average safety with somewhat above average upside potential. It reflects a stock which is likely to give somewhat above average, relatively consistent returns over the long-term.

In-Depth Analysis

Business: ANALOGIC CORP, (ALOG) designs, makes and sells standard and customized high-precision data acquisition, conversion and signal processing equipment. Principal customers are original equipment manufacturers who incorporate the company's products into systems used in medical and security.

Price: ALOG closed on 3/10/2003 at $44.04 per share

Value: Value is a measure of a stock's current worth. ALOG has a current Value of $61.03 per share. Therefore, it is undervalued compared to its Price of $44.04 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitably increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.

RV (Relative Value): RV is an indicator of long-term price appreciation potential. ALOG has an RV of 1.21, which is good on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00...

Fred