Global-Tech Appliances, Inc. (GAI) - 500 Beiträge pro Seite

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Profile:Global-Tech Appliances, Inc., through its subsidiaries, engages in the design, manufacture, and sale of small electrical household appliances to brand marketers primarily in the United States. The company offers floor care products and kitchen appliance products. Its floor care products include hand-held steam vacuum cleaners, upright vacuum cleaners, and extractors. The company offers kitchen appliance products, such as blenders, breadmakers, coffeemakers, electric knives, espresso machines, food choppers, food processors, food steamers, ice cream makers, and indoor grills. It also provides home security devices. In addition, the company offers garment care and travel products, environmental care products, and personal and health care products and accessories. Global-Tech Appliances distributes its products through mass merchandisers, specialty retailers, warehouse clubs, drug store chains, direct marketing organizations, and department stores. It operates in Australia, Europe, North America, and Asia. The company was founded in 1963 and is based in Aberdeen, Hong Kong. Global-Tech Appliances, Inc. is a subsidiary of Wing Shing Holdings Company Limited.

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turnaround

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Hilary Kramer's Daily Picks & Pans

Tuesday, October 31, 2006
Global-Tech Appliances (NYSE: GAI): A Double Your Money Stock
Any investor with an appetite for risk and big reward should look at Global-Tech Appliances. The stock trades at only $2.60 and yet has $3.70 per share in cash! Additionally, there are real estate holdings worth at least $2.60. The company is cash flow neutral for now but with new product initiatives coming -- the stock can go significantly higher over the next 6-12 months.

Based in Hong Kong, Global-Tech Appliances Inc. is a holding company, owning subsidiaries that manufacture and market a wide range of consumer electrical products worldwide, including floor care products and small household appliances from kitchen appliances like breadmakers, coffeemakers, espresso machines, deep fryers, food processors, to beauty aids like hair dryers, hair-roller sets, and curling irons, to travel products, like voltage converters, to garment-care products. These products are marketed to customers under Black & Decker, Proctor-Silex, and Sharper Image among many other name brands.

Net sales for the fiscal year ending March 31, 2006 were $73.8 million, up 76%, compared to $41.9 million in the prior fiscal year. However, the company reported that gross profit margins in the Company's core business of floor care and kitchen appliance products will continue to remain adversely impacted by increase in material costs like plastics derived from natural gas -- particular as gas prices rise. As a result, GAI is lowering fixed costs with measures like reducing work force.

They also are pushing R&D in areas where they see promise. Their compact camera module components, used primarily in cellular phones, are growing in net sales, and therefore GAI is expanding the business and has formed an R&D team in Taiwan to push product development capabilities. This business segment is expected to give a boost to financial performance. GAI is also marketing a line of digital imaging products and anticipate that this new product category will soon become a growing part of our overall business.

Type of stock: A double your money stock. This consumer electrical product designer and manufacturer (with promising R&D in the digital imagining sector) is significantly undervalued.
Price target: I like the economics of Global Tech: It is trading at $2.60, but in cash and real estate assets alone, this is worth more in the range of $3.70 per share. It is cash flow neutral for now. While the core business of household products has been adversely hit by rising price of materials, GAI’s pushing into new product initiatives give this the potential to go significantly higher over the next 6-12 months.

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http://www.m2.com/m2/web/story.php/2006EBF53F88CCCBFC7E80257…

Do You Have An Appetite For Risk And Big Reward ?


Published in M2 PressWIRE on Wednesday, 01 November 2006 at 17:48 GMT
Copyright (C) 2006, M2 Communications Ltd.

Global-Tech Appliances Inc. (NYSE:GAI) business is the design, manufacture, and sale of small electrical household appliances to brand marketers. Founded in 1963 and based in Hong Kong. Most of its revenue comes from sales to other manufacturers.

Shares were up 4% after announcing new product initiatives to come.

Bellwether Report Shows Interest In Global-Tech Appliances Inc for more information on the company, sign up to BellwetherReport.com for a complimentary subscription. To view the company press release continue below.

Any investor with an appetite for risk and big reward should look at Global-Tech Appliances Inc. The stock trades at only $2.60 and yet has $3.70 per share in cash! Additionally, there are real estate holdings worth at least $2.60. The company is cash flow neutral for now but with new product initiatives coming , the stock can go significantly higher over the next 6-12 months.

Based in Hong Kong, Global-Tech Appliances Inc. is a holding company, owning subsidiaries that manufacture and market a wide range of consumer electrical products worldwide, including floor care products and small household appliances from kitchen appliances like breadmakers, coffeemakers, espresso machines, deep fryers, food processors, to beauty aids like hair dryers, hair-roller sets, and curling irons, to travel products, like voltage converters, to garment-care products. These products are marketed to customers under Black & Decker, Proctor-Silex, and Sharper Image among many other name brands.

Net sales for the fiscal year ending March 31, 2006 were $73.8 million, up 76%, compared to $41.9 million in the prior fiscal year. However, the company reported that gross profit margins in the Company's core business of floor care and kitchen appliance products will continue to remain adversely impacted by increase in material costs like plastics derived from natural gas particular as gas prices rise. As a result, GAI is lowering fixed costs with measures like reducing work force.

They also are pushing R&D in areas where they see promise. Their compact camera module components, used primarily in cellular phones, are growing in net sales, and therefore GAI is expanding the business and has formed an R&D team in Taiwan to push product development capabilities. This business segment is expected to give a boost to financial performance. GAI is also marketing a line of digital imaging products and anticipate that this new product category will soon become a growing part of our overall business.

Type of stock: A double your money stock. This consumer electrical product designer and manufacturer (with promising R&D in the digital imagining sector) is significantly undervalued.

Price target: I like the economics of Global Tech: It is trading at $2.60, but in cash and real estate assets alone, this is worth more in the range of $3.70 per share. It is cash flow neutral for now. While the core business of household products has been adversely hit by rising price of materials, GAI's pushing into new product initiatives give this the potential to go significantly higher over the next 6-12 months.

Bellwether Report is an online financial newsletter focused on researching small-cap and large-cap public companies. Information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. This material is not an offer to sell or a solicitation of an offer to buy any securities. BWR and its affiliates, officers, directors and agents have been compensated to perform research and therefore information should not be construed as unbiased. Each contract varies in duration, services performed and compensation received. BWR is not responsible for any claims made by the Company. You should independently investigate and fully understand all risks before investing. We are not a registered broker-dealer. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Our views and opinions regarding the Company are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that the Company will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect. Statements included may contain forward looking statements, including the Company's intentions, forecasts, plans or other matters that haven't yet occurred. Such statements involve a number of risks and uncertainties. Further information on potential factors that may affect, delay or prevent such forward looking statements from coming to fruition can be found in their specific Financial reports, including the 10-K and 10-Q, which are filed with the Securities and Exchange Commission (SEC). Bellwether Report will receive 25% of all sales from the Bell Alerts services and will receive 66% of all sales of Research Reports.


Release date: 01 Nov 2006