Today's 5-Star Movers

• On June 08, 2008, at 7:45 AM, oilbubblebust wrote: Report this Comment

  - VERY STRONG GUIDANCE FORWARD. 2Q 2008 will be significantly stronger than profitable 1Q 2008 as a result of multiple contracts won and because the new China plant is ramping up production significantly this quarter. Growth in the second half will accelerate as a result of seasonal strength and continued production increases in China and Mexico.

  For 2008 SMTX expects revenues ranging from $270M to $300M and net income from 50 to 70c/share. Each quarter being stronger than the previous one as a result of major contract wins.

  Ingenico and Harris Corp, two of SMTX largest customers, have won significant contracts in recent months. Ingenico's products will be manufactured in China while Harris' products will be manufactured in Canada

  For guidance and comments for the rest of the year I recommend that you listen to the 1Q 2008 (click on the upper left icon to hear the webcast)

  http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2262...

  - SMTX HAS WON SEVERAL SIGNIFICANT CONTRACTS LATELY SHOWING GREAT PROGRESS IN ITS DIVERSIFICATION EFFORTS:

  Tuesday May 6, 2:53 pm ET....SMTX Announces Strategic Relationship with Thales. SMTX Selected to Manufacture Critical Systems for Rail Communications Product Lines

  http://biz.yahoo.com/cnw/080506/smtc_thales_contract.html?.v...

  Monday March 31, 2:15 pm ET...SMTX Announces Strategic Relationship with Mediatrix. SMTX Selected to Provide Full Product Manufacturing for Advanced VoIP Access Devices and Enterprise Gateways

  http://biz.yahoo.com/prnews/080331/to241.html?.v=70

  - SMTX WILL ANNOUNCE A MAJOR CHINA JOINT VENTURE SHORTLY ACCORDING To THE LATEST 10Q

  - SIGNIFICANT POSITIVE CASH FLOW. Generated $25M free cash flow in 2007.

  - LONG TERM DEBT IS BEING REPAID AT AN ACCELERATED PACE. Long term debt was cut in half in 2 years to less than 20M. Will be debt free next year. This means about 40c/share to the bottom line.

  - TRADING AT A FORWARD PE OF 4 AND A 0.1 P/S. THE FLOAT IS ONLY 7M SHARES

  **** CEO Caldwell had this to say about the upcoming 2Q and the rest of 2008:

  "In the second quarter of 2008, we expect significantly higher sequential revenues and correspondingly improved earnings. We reaffirm our guidance for the full 2008 year with both revenue and earnings growth over 2007 on stronger revenue in the second half of the year."

  "We have made considerable progress in successfully qualifying production at our two new strategic locations; printed circuit board assembly in China and enclosure systems in Mexico.

  " The China operations will significantly ramp production in the second quarter while Mexico is expected to increase activity levels in the second half of the year."

  ABOUT SMTX:

  SCTC Corp. (Nasdaq: SMTX) provides integrated electronics manufacturing services. The company offers various supply chain services, including product design, procurement, prototyping, advanced cable and harness interconnect, high-precision enclosures, printed circuit board assembly, test, final system build, supply chain management, packaging, global distribution, and after sales support.

  The company also provides enclosure and precision metal fabrication, cable assembly, interconnect, and engineering design services. SMTC Corporation offers its services to original equipment manufacturers and technology companies primarily in industrial, computing and networking, medical, aerospace, defense, infrastructure, and communications markets worldwide. The company was founded in 1985 and operates in the United States, Canada, Mexico, and China

Add your comment.

Sending report...