Key tronic KTCC une petite valeur qui m'intrigue

Voici le chart depuis 1990







J'ai déniché l'analyse suivante sur un forum US

Post du 19 jan 2009 sur Key tronic
KTCC's earnings report today 29-Jan-09 04:52 pm Anyone less than blown away by THESE results in THIS market is incapable of being impressed. Excluding goodwill writeoff, KTCC beat the .01 outlook (midpoint of breakeven to .02 given as outlook a quarter back)by right at 800%. Improvement in gross margin was huge, partially offset by SG&A, probably applied toward gaining those new customer programs which are obviously helping on the revenue maintenance side of things.

It amazes me that KTCC gave its outlook 3 months back, and while everyone else's outlook in their space has not panned out, KTCC's more than panned out. Further, KTCC continues to see profitable revenues ahead.

Finally, if you look closely at the balance sheet, you will note that liabilities are being settled. The current liabilities are higher than 6 months ago, but that is because the revolving credit line was reclassified as current from long-term, but it is less than it was. Total liabilities have shrunk over the past 6 months from around 50M to less than 40M. A good comparison to make is current assets to "total liabilities." Six months back, that ratio was 1.65.....today it is 1.87. That is great improvement. KTCC has 1.87 times its total liabilities in the form of liquid assets. Looking at the liability structure, it is obvious that KTCC has been applying its cash from operations toward paying off liabilities.....the balance sheet evidences solid inventory mgt. There is simply put, "solid financial mgt. here," the kind of mgt. you want if you are going to keep a company stock in these times, IMO.

KTCC also reflects accounting that is open and understandable to the reader.....not something to be taken for granted these days. Sooner or later, the stock price is going to reflect the outstanding performance of company mgt., IMO.


Si cela s'avère vrai (retournement des profits et du CA), cette valeur minuscule et donc très spéculative ne devrait pas décevoir.

Entendonc nous bien, un retour récurrent des profits est absolument indispensable, un maintien des pertes se traduirait par une stagnation voire une chute du titre.

Si vous envisagez de suivre le titre alors il vous faudra guetter ce retournement des profits, c'est indéniablement une contrainte.

Buylow
1° juin 2009