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Wednesday, 29 October 2003
October 29, 2003 SpectraLink (SLNK)
Hello friends! How about another late-night report? Again, as always, check with your own investment advisor before acting on any of these stocks as they might not be suitable for you! (Also, I am just an amateur investor...and this is my hobby...when it comes to really investing...double-check with your own advisor on anything that sounds interesting!)

O.K. back to the BLOG: SLNK had a nice day today. According to money.cnn.com, SpectraLink Corp. (SLNK) "...designs, manufactures and sells workplace wireless telephone systems that complement existing telephone systems by providing mobile communications in a building or campus environment." SLNK had a nice day today closing at $18.54 up $2.01 or 12.16% on the day.

Last week, on October 23, 2003, SLNK announced results for the third quarter of 2003 ended September 30, 2003. Revenues reported were $18.3 million, a 20% increase over 2002 results. Earnings for the quarter were $2.3 million, or $.12/diluted share, representing a 49% increase in earnings over the same period last year.

Revenues have grown, according to Morningstar.com, from $35.1 million in 1998, $41.2 million in 1999, $54 million in 2000, $60.8 million in 2001, $60.9 million in 2002, and $65 million in the trailing twelve months.

Earnings per share have grown, although not linearly, from $.11 in 1998 to $.35 in the trailing twelve months.

Free cash flow has been growing as well: $5 million in 2000, $11 million in 2001, $13 million in 2002 and $10 million in the trailing twelve months.

Looking at the balance sheet as reported on Morningstar.com shows $43.7 million in cash, more than enough to cover both the current liabilities of $12.7 million and the long-term liabilities of $300,000. In addition, SLNK has $22.4 million in other current assets.

SLNK is a small company with a market cap of $339.17 million. The trailing p/e is a little rich at 47.66, but the forward p/e for fiscal year 2004 a bit better at 30.61. The company is growing rapidly commensurate with the p/e with a PEG ratio not too bad at 1.46. Price to sales is no steal at 4.44.

Yahoo.com reports, in addition to the above statistics, that there are 18.29 million shares outstanding and 16.70 million of them float. There are 375,000 shares out short as of 10/8/03 representing 0.5 days of trading...no dividend is paid.

This is another stock with nice numbers but a p/e that isn't exactly cheap. I do not own any shares but this might be a good addition to my portfolio if I had cash available to buy anything. You know, the old story, margin, margin, margin!

Thanks again for stopping by! If you have any questions, comments, or words of encouragement, please email me at bobsadviceforstocks@lycos.com

Remember, once again, CONSULT YOUR INVESTMENT ADVISOR before making any decisions on what is written here. You might get some ideas you can use, but PLEASE check with your advisor first!

Bob


Posted by bobsadviceforstocks at 11:03 PM CST | Post Comment | Permalink

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