02:36:07 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Pacific Insight Electronics Corp
Symbol PIH
Shares Issued 6,713,187
Close 2016-02-08 C$ 7.50
Market Cap C$ 50,348,903
Recent Sedar Documents

Inv Reporter says buy Pacific Insight

2016-02-08 21:29 ET - In the News

The Investment Reporter, in its Jan. 29, 2016, issue, says buy Pacific Insight Electronics Corp., recently $6.12. The Reporter said buy five times from March 6, 2006, to Nov. 28, 2014, at prices ranging from $2.43 to $4.50. Assuming a $1,000 investment for each of the five buys, the $5,000 position is now worth $8,757. The electronics manufacturer earned $2-million, or 33 cents a share, in the three months to Sept. 30, 2015. This was far higher than its earnings of $100,000, or one cent a share, in the same period last year. In the first quarter of fiscal 2016, revenue rose by 91 per cent to $30.4-million, mostly due to increased demand for LED products and the stronger U.S. dollar. The company's better earnings are confirmed by its cash flow of $4.4-million and lower net debt-to-cash-flow ratio of 0.1 times. In fiscal 2016, it is expected to earn $1.20 a share. Based on this estimate, the stock trades at an attractively low forward price-to-earnings ratio of 5.1 times. Its price-to-cash-flow ratio is also an appealing 3.4 times. Furthermore, the Reporter notes that management owns 23.7 per cent of the company, making their interests similar to yours. Buy if you need no dividends.

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