StockIceMan's Weekly Stock Pick
Week of
September 22nd, 2003
| Stock: |
MRV
Communications, Inc. |
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| Ticker Symbol: |
MRVC - Nasdaq -
Electrical Instrumentation |
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|
| Buy: |
3.25 to 3.30 |
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| Sell: |
7.00 + |
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| Info: |
MRV
Communications, Inc. designs,
manufactures, sells, distributes,
integrates and supports network
infrastructure equipment,
services and optical components.
The Company's principal operating
divisions provide equipment used
by commercial customers,
governments and
telecommunications service
providers and include network
physical infrastructure products,
switches, routers and remote
device management products, as
well as specialized networking
products for defense and
aerospace applications. In
Europe, the Company has
operations that provide network
system design, integration and
distribution services that
include its products, as well as
products manufactured by third-party
vendors. MRV Communications
conducts its optical components
business through Luminent, Inc.,
a wholly owned subsidiary that
designs, manufactures and sells
optical communications components. |
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| Financial Info: |
For the
six months ended 6/30/03,
revenues fell 9% to $113.1
million. Net loss before
accounting change fell 67% to $16.2
million. |
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| Key Ratios: |
Current
Ratio: 2.32; Total Debt/Equity: 0.19,
P/E: N/A, Price/Book: 2.42, Price/Sales:
1.46 |
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| Share Info: |
There are 104.38
million shares outstanding with
99.4 million shares in the
trading float. Institutions own
approximately 24.0% of the shares
outstanding. There have been no
insiders buying or selling shares
in the last six months.
As of 8/8/2003, there were 5.78
million shares short.
Net Institutional Buying: 4.01
million shares: prior to latest
quarter. |
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| Articles: |
MRV Reports
Second Quarter 2003 Financial
Results |
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