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AEROFLEX INCORPORATED

Current News & Events
Aeroflex Inc (NYSE:ARX - news). announced Thursday it will become the first publicly traded company to move its shares from the New York Stock Exchange to the Nasdaq Stock Market. ARX (ARXX) moved up $3 on the announcement.

Aeroflex continues to impress us with continued stock growth and business announcements, this could soon be a triple digit stock.

Individual Investor sees this stock in the mid teens in the very near future. Read their analysis now (Mid Teens!! Was that ever an UNDERSTATEMENT)

THE ANALYSIS
ORIGINAL COVERAGE DATE: 11/06/99 Through their subsidiaries, they produce state-of-the-art silicon integrated circuits, microelectronic modules and interconnect and testing products used in satellite communications, telecommunications infrastructure and other communication applications. Their customers include major, communications and technology companies that produce highly innovative and advanced communications systems for use in space, on land and undersea. AEROFLEX NEWS (Yahoo!)
PRICE @ COVERAGE: $7 1/16 INVESTMENT REPORT (Zacks)
UPDATE/PRICE: AEROFLEX HOME PAGE
SECTOR: Semiconductor SEARCH AEROFLEX (Northern Light)
SHARES OUTSTANDING: 18.6 MM TECHNICAL CHART (Clear Station)
SHARES IN FLOAT: 11.9 MM MESSAGE BOARDS (Raging Bull)
Market Cap: $131 Million
PRESS RELEASES OUTLOOK INSIDER ACTIVITY
  • November 2, 1999
    Aeroflex Incorporated Board of Directors authorizes additional 1,000,000 common share repurchase
    Full Text

  • October 21, 1999
    Aeroflex Incorporated reports first quarter operating results.  Sales increased 33% ; Net income increased 30%
    Full Text
     
  • October 6, 1999
    Aeroflex Incorporated Advisory.
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  • October 4, 1999
    Aeroflex Incorporated receives orders valued at approximately $14.2 million from Teradyne and Lockheed Martin for test and measurement products
    Full Text 
The company has recently reported a 33% increase in sales and a 30% increase in net income. They also mentioned that softness in the market may hold growth down for the next few quarters. The reaction from Wall Street was to probably a over reaction and we look for a general recovery. 

Given the expected future growth in EPS, combined with an already low PE ratio, this stock looks to be ripe for the picking.

 

Company Insiders are net buyers of ARX stock:

7 Buys - 163,000 shares

1 Sell - 20,000 shares

Over the three months ending 11/10/99

Management    
Harvey R. Blau, Chmn./CEO
Michael Gorin, Pres./ CFO/CAO
Leonard Borow, Exec. VP/COO/Secy.
Carl Caruso, VP
Charles Badlato, Treas./Asst. Secy
Disclaimer
WrightStock is not a Registered Investment Advisor or a Broker / Dealer. This profile was compiled from information provided by Aeroflex Inc.'s (the "Company") website and Company Press Releases. Readers are advised that this information is issued solely for information purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. The opinions and analysis included herein are based on sources believed to be reliable and in good faith but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. This information is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. The foregoing discussion contains forward-looking statements which are based on current expectations and differences can be expected. The information contained herein is for information purposes only; in addition, the information contained in this report is not intended to be a complete discussion of information regarding some of the current and/or intended business activities of the Company.

Readers are urged to consult with independent financial advisors with respect to an investment in the shares mentioned herein. Investors should review a complete information package on Aeroflex Inc. which should include, but not be limited to, the Company's annual report, quarterly report, press releases, as well as all regulatory filings where applicable.

All information contained in this report should be independently verified with the Company mentioned herein. Any opinions expressed in this report are statements of judgment as of the date of publication and are subject to change without further notice, and may not necessarily be reprinted in future publications or elsewhere. Neither WrightStock nor its officers, directors, partners or employees/consultants accept any liability whatsoever for any direct or consequential loss arising from any use of this report or its contents.

In order to be in full compliance with the Securities Act of 1933, Section 17(b), WrightStock advises the readers of this document that it has  received no compensation of any form for its efforts in researching, writing, presenting and disseminating the information contained herein.