StockIceMan's Weekly Stock Pick
Week of
April 13th, 2003
| Stock: |
White Electronics
Design Corp. |
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| Ticker Symbol: |
WEDC - Nasdaq -
Semiconductors |
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| Buy: |
7.50 to 7.75 |
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| Sell: |
12.00 + |
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| Info: |
White
Electronic Designs Corporation
and its subsidiaries design and
manufacture high-density,
microelectronic memory products,
advanced matrix liquid crystal
displays (LCDs), interface
products and electromechanical
components and packages. It
operates under two business
segments, microelectronics and
display, with the majority of
sales and operating income
generated by the microelectronic
business segment. The
microelectronic segment packages
semiconductor products mainly for
memory storage. Its products are
sold to original equipment
manufacturers in the
telecommunications, computer
networking, aerospace defense and
military equipment industries.
The display segment manufactures
ruggedized and commercial LCDs
and display viewing enhancements.
The display segment serves
transportation, global
positioning satellite systems,
military avionics, commercial
avionics, medical patient
monitors and various military
application markets. |
| Financial Info: |
For the three
months ended 12/28/02, revenues
rose 10% to $23.6 million. Net
income totaled $2.2 million, up
from $1.1 million. |
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| Key Ratios: |
Current
Ratio: 4.67; Total Debt/Equity: 0.00,
P/E: 16.51x, Price/Book: 2.85,
Price/Sales: 1.77 |
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| Share Info: |
There are 20.7
million shares outstanding with
16.7 million shares in the
trading float. 119 Institutions own
approximately 40.0 % of the
shares outstanding. There has
been 1 insider buying a total of
1,000 shares in the last six
months.
As of 3/10/2003, there were 71,000
shares short.
Net Institutional Buying: 458,000
shares: prior to latest quarter. |
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| Articles: |
White Electronic
Designs Finishes Second Quarter
FY 2003 with a New Record $54.4
Million of Backlog |
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