StockIceMan's Weekly Stock Pick
Week of
December 15th, 2003
| Stock: |
ECI Telecom Ltd. |
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|
| Ticker Symbol: |
ECIL - Nasdaq -
Communications Equipment |
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|
| Buy: |
6.50 to 6.75 |
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|
| Sell: |
10.00 + |
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|
| Info: |
ECI
Telecom Ltd. is a provider of
advanced telecommunications
solutions to telecommunications
service providers worldwide,
focused mainly on the
metropolitan optical and access
telecommunications markets. The
Company operates through five
principal subsidiaries. A plan
was subsequently approved that
provided for the transfer of the
business and assets to these
subsidiaries, with, initially,
the parent company serving as a
holding company and a sub-contractor
of such subsidiaries. In November
2002, ECI decided to focus on its
core access and optical
businesses within an integrated
company. These core businesses
are operated through two
divisions: the Inovia Broadband
Access Division and the
Lightscape Optical Networks
Division. |
| Financial
Info: |
For the
nine months ended 9/30/03,
revenues fell 35% to $324.8
million. Net loss from continuing
operations before acct. decreased
25% to $54.9 million. |
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|
| Key Ratios: |
Current
Ratio: 2.85; Total Debt/Equity: 0.10,
P/E: N/A, Price/Book: 1.20, Price/Sales:
1.50 |
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|
| Share Info: |
There are 107.96
million shares outstanding with
56.1 million shares in the
trading float. Institutions own
approximately 15.16 % of the
shares outstanding. There has
been no insiders buying or
selling shares in the last six
months.
As of 11/10/2003, there were 244,000
shares short.
Net Institutional Buying: 2.17
million shares: prior to latest
quarter. |
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|
| Articles: |
ECI Telecom Signs
Strategic Relationship Agreement
with Nortel Networks |
|
