Measurement - eine bilderbuchentwicklung - 500 Beiträge pro Seite

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zur einstimmung ein paar infos:

vorweg:
listing: an der amex, kürzel mss
marktkapitalisierung 126 mio $
kgv: ca. 25
wachstum: ca 50 % p.a.
kursentwicklung: von 11 $ (juli 99) bis 32 $ (heute). ath bei 33 $. schaut euch den bilderbuchchart bei yahoo an (konstanter anstieg bei wenig umsatz).

Business Summary
Measurement Specialties, Inc. (MSI) and its wholly owned subsidiaries, Measurement Limited and Jingliang Electronics (Shenzhen) Co. Ltd., designs, develops, produces, and sells electronic sensors and sensor based consumer products. These products employ a core technology based on micromachining (the three-dimensional sculpting of silicon) that permits accurate and efficient measurement, resolution and display of ranges of distance, motion, force, pressure or temperature. The Company targets high volume, low cost product opportunities in two principal business segments: sensors and consumer. Consumer products consist of bath scales, kitchen scales, tire pressure gauges, and distance measuring devices. Sensors are sold principally to industrial customers for pressure instrumentation and process control applications.
Financial Summary
Measurement Specialties designs, develops, produces and sells electronic sensor products for high volume industrial applications, body-weight, kitchen, postal scales, tire pressure gauges and distance estimators. For the nine months ended 12/31/99, net sales increased 54% to $43.4 million. Net income increased from $1.3 million to $4.6 million. Results reflect the PiezoSensors acquisition, increased product sales to OEM customers and manufacturing cost reductions.
Recent Earnings Announcement
For the 3 months ended 03/31/2000, revenues were 16,571; after tax earnings were 935. (Preliminary; reported in thousands of dollars.)

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und das nächste starke quartalsergebnis (gestern gab es zudem einen 2:1 split).
Measurement Specialties Announces Record Quarterly Results Second Quarter Income Rises 64%
FAIRFIELD, N.J., Oct. 24 /PRNewswire/ -- Measurement Specialties, Inc. (Amex: MSS - news) today reported sales and earnings for its second fiscal quarter ended September 30, 2000.

Sales for the quarter were $28,237,000, a quarterly record, compared with $15,445,000 for the same period of the prior fiscal year. Net income for the quarter, also a record, was $2,816,000 or $0.32 diluted per share (adjusted for a two for one stock split distributed October 20, 2000), compared with $1,720,000 or $0.20 diluted per share (also split adjusted) for the prior year`s second quarter. For the six months ended September 30, 2000 sales were $44,539,000 compared to $27,466,000 for the same period last year. Net income for the six months ended September 30, 2000 rose to $4,012,000, or $0.45 diluted per share (split adjusted), a 41 percent increase in per share earnings over the comparable period last year of $2,728,000, or $0.32 diluted per share (split adjusted).

``Results for the quarter exceed expectations,`` commented Joseph R. Mallon, Jr., Chairman and Chief Executive Officer. ``Both our Sensor and Consumer businesses grew significantly posting strong results. Sensors, supplemented by the August 2000 acquisition of Schaevitz Sensors, and the February 2000 acquisition of ICSensors, contributed 44 percent of revenue. Our core business is robust, growing, and benefiting from new products. Organic revenue growth, excluding the acquisitions of ICSensors, and Schaevitz Sensors, increased 35 percent for the current quarter compared to the second quarter of last year. Recent acquisitions have added to our technology portfolio. We now have one of the broadest lines of sensors available, and significantly larger revenue upon which to increase profitability.``

Mr. Mallon continued, ``This was our ninth consecutive quarter of favorable comparisons with the same period of the previous years. The outlook for the balance of the year is strong.``

Measurement Specialties (Amex: MSS - news), designs, develops, produces, and sells electronic sensors and sensor-based, consumer products. Consumer products include body-weight, kitchen, and postal scales, electronic tire pressure gauges, parking aids, and distance estimators. Industrial products include sensors for high volume, OEM applications. Our products employ custom application specific integrated circuits (ASICs), and diverse sensor technologies including micromachining (the three-dimensional sculpting of silicon), MEMS (micro-electromechanical systems), force balance, strain gage, capacitive, inductive, piezoresistive micromachined, and piezopolymer film, which provide accurate and efficient measurement, and display of distance, motion, fluid level, force, acceleration, displacement, angle, or pressure.

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Top 25 stocks for 2001
Five top-performing mutual-fund managers each pick five stocks for new year
By Staff Writer Alex Frew McMillan
December 29, 2000: 5:55 a.m. ET


NEW YORK (CNNfn) - Success breeds success, so they say. So who better to turn to for stock tips for 2001 than the managers of the best-performing mutual funds this year?

CNNfn.com tapped five managers whose funds topped their asset class from Jan. 1 through Dec. 15, according to fund tracker Morningstar. Each picked his or her top five stocks for next year.

Of course, investment advisers counsel against chasing returns. There`s no guarantee these funds will top the charts again next year, as the managers freely admit.

"Quite honestly, it`s a good news, bad news situation," said Michael Sandler, one of five managers of the UAM Clipper Focus fund. "The bad news is our portfolio is not as cheap as it was at the beginning of the year."


Timing techs right


Sandler ended last year excited -- he felt confident his portfolio was substantially undervalued. And 2000 proved him right. The fund topped Morningstar`s large-cap value category.

If the managers owned tech, most got out this spring. That helped Clare Brody, one of four managers of the Deutsche European Equity fund, build it into the top-performing Europe fund in 2001. At times, it was as much as 20 percent in cash this year. Its savviest plays were in defensive sectors such as banking, insurance, oil and utilities.

Those sectors still hold a lot of promise, as a perusal of the picks shows. But Tom Barry, whose Bjurman Micro-Cap Growth fund led the small-cap growth pack in 2000, has about a quarter of his portfolio in tech.

Investors are despondent, particularly about techs. "The more despondent they are, the more likely they are they should be putting their money in the market," he said.

Hedging helped Paul Bottum, one of three managers of the American Eagle Capital Appreciation fund, to the top of the large-cap growth charts. His fund, which takes a trading approach that isn`t particularly tax-efficient, isn`t for everyone, he said.

But the ability to hedge, which most funds don`t do, helped the fund lock in gains on stocks such as Corning. The fund only opened this year, too, which also helped.

"In the environment we`re in now, you have to be nimble," he said.


A stock-pickers market


That`s a theme in these choppy markets. Though the managers often found themselves heavy in "safe" industries such as insurance and finance, most backed into those industries by picking individual stocks, rather than the industry itself.

Michael Prober, whose CRM Mid Cap Value fund was the top mid-cap value performer, likes to search for change. He hunts for undervalued companies going through acquisitions and management changes.

The fund was heavy in four industries last year: energy pipeline companies, utilities, property-and-casualty insurers and education companies. But he took a "bottom up" stock-picking approach.

The companies led him to those industries, rather than the other way round. He thinks that stock-picking approach looks good for 2001, too, as the markets stumble into a new year.

Here are the picks, in alphabetical order by manager:


Tom Barry

portfolio manager

Bjurman Micro-Cap Growth fund (BMCFX)

top-performing small-cap growth fund, up 33.7 percent YTD through Dec. 15

1. Measurement Specialties (MSS: Research, Estimates)

"We`re going to have a very nice rally in the technology sector," Barry said. But it`s hard to find small-cap techs -- most hot techs have billion-dollar market caps. Barry likes Measurement Specialties, which makes products with electronic sensors, such as bodyweight scales and distance trackers. "It`s a pretty steady grower," he said. He expects earnings growth of 50 percent next year, after 26 percent this year and 200 percent in 1999.

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