StockIceMan's Weekly Stock Pick
Week of
June 13th, 2004
| Stock: |
Electronic Clearing House, Inc |
|
|
| Ticker Symbol: |
ECHO - Nasdaq - Financial Services |
|
|
| Buy: |
10.25 to 10.40 |
|
|
| Sell: |
15.00 + |
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|
Info: |
Electronic Clearing House, Inc. (ECHO) is an
electronic payment processor that provides for
the payment processing needs of merchants, banks
and collection agencies. The Company derives the
majority of its revenues from two main business
segments, bankcard and transaction processing
services (bank card services), whereby it
provides solutions to merchants and banks to
allow them to accept credit and debit card
payments from consumers, and check-related
products (check services), whereby it provides
various services to merchants and banks to allow
them to accept and process check payments from
consumers. The principal services ECHO offers
within the bank card services segment are debit
and credit card processing, and with respect to
the check services segment, it offers check
guarantee, check verification, electronic check
conversion, check re-presentment and check
collection services. |
|
|
| Financial Info: |
For the six
months ended 3/31/04, revenues rose 21% to $23.1
million. Net income before acct. change totaled
$1.8 million, up from $502 thousand. |
|
|
| Key Ratios: |
Current
Ratio: 2.22; Total Debt/Equity: 0.14,
Trailing P/E: 26.16x, Price/Book: 4.37,
Price/Sales: 1.46 |
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|
| Share Info: |
There are 6.34
million shares outstanding with 6.00
million shares in the trading
float. Institutions own
approximately 24.50% of the
shares outstanding. There have
been no insiders buying and 4
insiders sales totaling 15,000
shares in the last six months.
Real-Time SEC
Filings
As of 5/10/2004, there were 3,000 shares short.
Net Institutional Buying: 101,000 shares: prior to latest
quarter. |
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|
| Articles: |
Second Quarter 10Q for
Electronic Clearing House |
|
