DAVL is seriously in debt... if they can't find a way to turn it around, I won't touch it. Soon or later, it's going to get a Q. The industry is not going to change as cell phones will eat the market alive... however I will play it as a MOMO (I did it once)... but definitely won't hold it longer than 2 days...
Check the info below, everything is negative... EPS, book value...
ISSUE DATA (10/20/00) PER SHARE DATA RATIOS
Price $ 0.05 EPS (TTM) $ -7.78 P/E (TTM) NM
52W High $ 5.88 Div. Rate $ NM Yield NA %
52W Low $ 0.05 Book Value $ -8.60 Price/Book NM
Shrs Out 11.14 Mil Cash $ 0.62 ROE (TTM) NM %
Float 0.40 Mil Rev (TTM) $ 14.31 ROA (TTM) -43.05 %
Mon. Vol 2.45 Mil Curr. Ratio 0.11
Beta 0.13 LT Dbt/Eqty NM
BRIEF: Davel Communications owns and operates a network of
nearly 85,000 payphones for coin calls and non-coin calls
in 43 states and the District of Columbia. For the 6 months
ended 6/30/00, revenues fell 21% to $71.9M. Net loss
applic. to Common rose 32% to $21.1M. Revenues reflect the
removal of the non-profitable phone locations, lower call
volumes and growth in wireless services. Higher loss
reflects increased depreciation and interrest expenses.
signed,
Bernard
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