StockIceMan's Weekly Stock Pick
Week of
August 9th, 2004
| Stock: |
Simple Tech, Inc |
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| Ticker Symbol: |
STEC - Nasdaq - Semiconductors |
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| Buy: |
3.25 to 3.50 |
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| Sell: |
6.00 + |
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Info: |
SimpleTech, Inc. designs,
manufactures and markets a line of memory and
storage products as well as connectivity
products that connect memory cards and hard
drive upgrade kits to personal computers. The
Company's memory and storage products are based
on dynamic random access memory, static random
access memory and Flash memory technologies.
These products are used in consumer electronics,
high-performance computing, defense and
aerospace, networking and communications and
Original Equipment Manufacturer (OEM)
applications. SimpleTech offers its products
through its OEM Division and Consumer Division.
The Company's 10 largest customers accounted for
an aggregate of 51.9% of its total revenues in
2003. CDW Computer Centers accounted for 19.2%
of its total revenues in 2003 and 21.1% of its
total revenues in 2002. |
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| Financial Info: |
For the three months ended
3/31/04, net revenues rose 62% to $66.3M. Net
income totaled $299 thousand vs. a loss of $1.6
million |
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| Key Ratios: |
Current
Ratio: 5.59; Total Debt/Equity: 0.00,
Trailing P/E: 3,240x, Forward P/E: 20.25x, Price/Book:
1.08,
Price/Sales: 0.59. |
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| Share Info: |
There are 47.87
million shares outstanding with 20.40
million shares in the trading
float. Institutions own
approximately 30.47% of the
shares outstanding. There have
been no insiders buying or selling shares in the last six months.
Real-Time SEC
Filings
As of 7/8/2004, there were 1.22 million shares short.
Net Institutional Buying: 198,000 shares: prior to latest
quarter. |
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| Articles: |
SIMPLETECH INC Files SEC
form 8-K, Financial Statements and Exhibits,
Results of Operations |
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