StockIceMan's Weekly Stock Pick
Week of
September 6th, 2004
| Stock: |
Echelon Corporation |
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| Ticker Symbol: |
ELON - Nasdaq - Software and
Programming |
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|
| Buy: |
7.00 to 7.25 |
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|
| Sell: |
11.00 + |
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|
Info: |
Echelon Corporation
develops, markets and supports hardware and
software products and services that allow
everyday devices such as appliances,
thermostats, air conditioners, electricity
meters and lighting systems to communicate with
one another and across the Internet. The
Company's products and services are based on its
LONWORKS technology. Echelon offers a set of
over 90 products and services marketed under the
LONWORKS brand name. These products and services
provide the infrastructure and support required
to implement and deploy open and interoperable
control network solutions. Its product offerings
include transceivers, concentrator products,
control modules, routers, network interfaces,
development tools and software tools and
toolkits. Through a project with Enel S.p.A., an
electric utility in Italy, Echelon also provides
products that enable electricity metering and
other home networking functions to be networked
across the utility's service area. |
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| Financial Info: |
For the six months ended
6/30/04, revenues fell 13% to $55.3M. Net income
totaled $2.7 million, vs. a loss of $2.1
million. |
|
|
| Key Ratios: |
Current
Ratio: 12.72; Total Debt/Equity: 0.00,
Trailing P/E: 45.09x, Forward P/E: 55.85x, Price/Book:
1.45, Price/Sales: 2.75. |
|
|
| Share Info: |
There are 41.18
million shares outstanding with 27.50
million shares in the trading
float. Institutions own
approximately 24.24% of the
shares outstanding. There have
been no insiders buying shares
and 2 insiders selling a total of 12,000 shares in the last six months.
Real-Time SEC
Filings
As of 8/9/2004, there were 2.08 million shares short.
Net Institutional Buying: 1.296 million shares: prior to latest
quarter. |
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| Articles: |
Echelon
Corporation Announces Stock Repurchase Program |
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