Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Next Thread
Author: gghostrider Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 96  
Subject: what to do?? Date: 2/13/2007 4:54 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Two disappointing quarterlies in a row. Seems the Fools should be saying something. They're recommending this stock. Any thoughts, anyone?
Print the post Back To Top
Author: Hooch714 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 89 of 96
Subject: Re: what to do?? Date: 2/21/2007 12:53 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Two disappointing quarterlies in a row. Seems the Fools should be saying something. They're recommending this stock. Any thoughts, anyone?


REPLY:: I too am a little baffeled, I have 1000 shares just watching bounce between $9.50-$10.50.....Everytime i get back to EVEN ($10.65/share), I hope its going to spill MY WAY.....Instead it takes another dive and I have to wish it up again........Wish the /Fools? would put a recomendation on it BUY/SELL/HOLD.....................Good Luck,,,I'm about outta this one (if I get another chance)

Print the post Back To Top
Author: eddiejack100 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 90 of 96
Subject: Re: what to do?? Date: 3/4/2007 9:51 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
I guess no one has our back,I also feel out of the info loop ,I will be out at 10.20 I hope

Print the post Back To Top
Author: Eskrigian One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 91 of 96
Subject: Re: what to do?? Date: 3/14/2007 12:12 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
The Hidden Gems article below is from Oct. 2006. I'm a newbie and don't understand much of it, but I sense that it isn't positive news. If so, why is MF recommending the stock? If I'd read this article before my purchase I probably would've refrained. Fortunately, I only have 200 shares and will HOLD because that's what most analysts are suggesting.

Radyne
We saw several firsts from Radyne's (Nasdaq: RADN) third-quarter results. It was the first fully comparable year-over-year quarter after the Xicom acquisition in the second quarter of 2005, and it also marked the first conference call ob the watch of new CEO Myron Wagner. Unfortunately, a couple of bad habits reared their heads, and the results themselves weren't pleasing for investors (and the stock got kneecapped 16% in early trading).

Q3 '06
Q3 '05

Sales
$32.1
$32.1

Earnings Per Diluted Share
$0.15
$0.16

Gross Margin
44.3%
41.6%

Operating Margin
11.8%
13.6%

Net Margin
8.6%
9.0%

Effective Tax Rate
32.5%
33.7%

Bookings in Quarter
$32.1
$36.3

Backlog at Quarter's End
$33.2
$34.0


Dollar amounts in millions except earnings per share.

I've always had qualms about the management team's generosity to themselves, and I think we saw two fine examples in the quarterly results. A flat top line, improved margins, and a lower effective tax rate translated to lower diluted earnings per share. And the operating margin would have been nearly 3 percentage points higher, exceeding last year, were it not for the insidious effects of "equity compensation" that must now be expensed.

Plateauing sales were blamed on an order loss and the deferral of two others into the fourth quarter. Management characterized this as "traditional lumpiness." The improved margin is not expected to hold, with 42% to 44% gross margin the expected range going forward. The minimal debt that Radyne carries will be repaid this month.

The new CEO continued the company's positive spin, a habit that grates on those (okay, me) who are fans of "just the facts" reporting. A "record month of sales in September" is curious wording for a flat quarter; announcing that "for the first nine months of 2006, Radyne's cash balance increased 70%" is puzzling. Cash may increase for many reasons unrelated to sustainable operating cash generation: increased debt, cash from exercised options, cash retained from option tax benefits, income tax refunds, selling assets, and more. Why not provide a cash flow statement with the quarterly press release instead? (The answer is that the company can't -- the controller was on the call and couldn't even offer what cash flow from operations had been.)

Many words were spent saying that the company still expects to hit the top end of its revenue guidance for the year ($135 million). Year-to-date, it's hit $98 million, meaning the upper end for the fourth quarter is expected to be $37 million. Last year's fourth quarter saw revenue of $36.8 million. In effect, it's predicting a second straight flat quarter, at best (though management would like us to focus on the historical lumpiness of the business and its 12% to 15% range for organic growth since 1995). I think back to the controller's curious behavior last quarter, repeatedly exercising and selling barely in-the-money options with significant remaining life, and I wonder if we shouldn't have taken that as a more emphatic signal of things to come.



Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post Back To Top
Author: Federalist73 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 93 of 96
Subject: Re: what to do?? Date: 4/24/2007 12:20 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
So, now that RADN has missed again, where does that leave us? It looks as though stock based compensation played a roll again...

I've got a pretty good sized position on this one that will be in the red at the open tomorrow and there are many opprotunities that appear to offer better prospects at the moment so I'm looking for a little help in deciding whether to hold tight or move on to greener pastures.

Anyone have any thoughs on this one?

Print the post Back To Top
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Next Thread
Advertisement