MERX, (G&W)...I like it. Just looked at their business outlook and this company looks real good for forward growth and profits. Excluding the $500k expense for stock options, they're projecting $0.31 - $0.35 per diluted share next quarter. Not bad for a $10.5 stock!!
Picked up a few shares. I'll look at it a little more.
Thanks for posting.
Business Outlook
For the first quarter of fiscal 2007, Merix expects sales to range between $102.0 million and $106.0 million with GAAP net income of between $5.2 million and $6.1 million or between $0.25 and $0.30 per diluted share. GAAP net income includes an estimated $500 thousand for stock option expense required to be recorded beginning in our fiscal 2007 under SFAS No.123®. Non-GAAP earnings are expected to range between $6.3 million and $7.2 million or between $0.31 and $0.35 per diluted share and exclude stock option expense and amortization of identifiable intangibles. EBITDA, adjusted to eliminate stock option expense, in the first quarter is expected to range between $13.3 million and $14.3 million.
Commenting on the outlook, Hollinger stated, "We continue to see strength in our global markets through the first quarter of fiscal 2007 and we expect to progress towards achieving our longer term gross margin goal of 22% to 24%."
Hollinger concluded, "Our focus for fiscal 2007 will be to:
Accelerate the realization of our global sales and operating synergies
-Increase our quick-turn market share
-Expand our technological capability in Asia
-Enhance throughput in all factories
-Optimize our sales mix
We believe that progress in these areas will better position us for sustained growth and a global competitive advantage"
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