3SOF

Nice steady gains! 

LiveLife,
your opinion--is this good for another 10-20%  over the next week or so? or is some profit taking likely?

ad0150hi,

Good morning.

The "steady and gradual" gain is good, instead of the "spiking" gains which will drive profit taking.  As long as the gains continue to be gradual, I believe you should hold short-term.

At some point, there will be profit taking, watch for it, and if you want to continue holding SANM, buy back on dip with more shares!

The key to swing trading is to continue to maximize profit so that you increase your number of shares by the time you do your "final" sell.

Good trading!

SIMC, a SANM competitor, is moving up. Could there be that earnings are really good?

Also a buy as a nice semi play for the portfolio.   

I bought at the open at $4.69  I think the earnings are good enough to break the $6.02 high from last year and to start hitting 52 week highs.

Sanmina Holdings 2Q Losses Narrowed; Revenue Falls 7.5%

Dow Jones Newswires

Sanmina-SCI Corp. (SANM) after the closing bell Tuesday reported a fiscal second-quarter net loss of $103.4 million, or 20 cents a share, sharply narrower than the loss of $1.06 billion, or $1.99 a share, in the year-ago period.

Excluding certain items, earnings for the second quarter ended April 1 came in at $30.5 million, or 6 cents a share, up slightly from $29.3 million, or 6 cents a share, last year.

Revenue for the San Jose, Calif.-based electronics manufacturing company fell 7.5% to $2.67 billion from $2.89 billion last year.

Analysts polled by Thomson First Call had forecast earnings of 6 cents a share on revenue of $2.66 billion.

The company forecast fiscal third-quarter earnings of 8 cents to 10 cents a share, excluding items, on revenue of $2.7 billion to $2.8 billion. Analysts are looking for a per-share profit of 7 cents on revenue of $2.76 billion.

Shares of Sanmina-SCI were up 8.2% in after-hours trading Tuesday.

sanm just broke $5 so today is point&figure chart breakout day too with bullish price objective of $7.75  

I always take those with a grain of salt

still have sanm. closed at $5.69 today. Up $27k on it so far

Will sell above $6 into brand new 52 week highs soon.

1. Introduction

I was curious about SANM because when I was studying Solectron (SLR) SANM appeared to be more attractive.

I'll take a look at it now. If you're new to 3 Stocks on Fire and would like to be a member of an active stock traders community, please register.

2. Profile

Sanmina-SCI Corporation (SANM) provides customized, integrated electronics manufacturing services worldwide. (complete profile here)

3. Technical Analysis
3.1. All History Chart



SANM is trading at roughly the same level it was 10 years ago. Hard to recover when a stock had such a bubble and subsequent collapse. But it sure can fly from $4-$5 to $10-$15, right? We'll see about that.

3.2. Medium Term Chart



The medium term chart is bearish, as the right part of the chart is lower than the left part. But, there are early signs that things could change, as the stock is now above the 200 day moving average.

3.3. Short Term Chart



I guess many people watched SANM's rally as a "fill the gap" rally and was pretty surprised to see it close at $4.29, above the $4.21 level. This is bullish behaviour. The short term trend is positive.

4. Fundamental Analysis
4.1. Number of Shares Outstanding



The graph above explains a good part of the 2001 and 2002 debacle in the share price, look at that dilution. The company has been more moderate in issuing shares since 2003, so I don't put up a red flag here.

Current market cap is 532.83 million*$4.29 = $2.29 B.

4.2. Liquidity



I see the company didn't file the second and third quarters 10-Q file and received a Nasdaq notification of delisting. They're solving the issues to file the reports, but I don't like this situation at all. Who knows what will come out when they file?

This explains why SANM is a bit undervalued when compared to its peers. Because of the uncertainty.

5. General Overview

Usually I make more fundamental tests, checking revenue and EPS trends, but I don't need to do it in the case of SANM, because I know I can't buy this stock. Financial statements are a crucial part of my strategy to pick stocks, and if I don't have them I'll pass the possible opportunity. This is why I never bought a Pink Sheet stock, there's no sufficient information available to judge the investment's risk/reward potential.

This analysis is part of my daily studies on 3 stocks, so I can find attractive trading opportunities for the 3 Stocks on Fire Portfolio, which is a diversified portfolio of long & short US stocks. If you would like to receive my daily analysis on 3 stocks, please register.

QuoteUsually I make more fundamental tests, checking revenue and EPS trends, but I don't need to do it in the case of SANM, because I know I can't buy this stock. Financial statements are a crucial part of my strategy to pick stocks, and if I don't have them I'll pass the possible opportunity. This is why I never bought a Pink Sheet stock, there's no sufficient information available to judge the investment's risk/reward potential.

I did well passing the opportunity on SANM, due to the lack of the proper 10-Q statements for the last two quarters. The company today released this:

Sanmina-SCI posts revenue drop in partial report
bizjournals.com (Thu 6:13pm)

And the stock dived ...

All Topics on SANM have been merged.
Happy Thanksgiving !

Good luck trading to all !

SANM has a good chance of going up more today.

Day 4: She is on the move 

Cheers

Quote from: stock-kitty on October 16, 2007, 01:20:58 PM
Day 4: She is on the move 

Cheers

Here is the chart to reflect the move...


52wk Range: 1.88 - 4.44
Volume: 3,537,012
Avg Vol (3m): 5,519,520

Technicals
Last Price Quote is:
9.22%above 13-day MA
4.76%above 50-day MA
RS Rating: 10 

Fundamentals
Key Data:
Market Cap (M): $1,165.66 
P/E Ratio: NA 
PEG Ratio: -57.6867 
Next Earnings: 10/30/2007
Last Analyst Rating: Neutral

Press Release Source: Sanmina-SCI Corporation


Sanmina-SCI Corporation Invites You to Join Its Fiscal 2007 Fourth Quarter Earnings Conference Call.


    SAN JOSE, Calif., Oct. 9 /PRNewswire-FirstCall/ -- Sanmina-SCI Corporation
(Nasdaq: SANM - News) announced today that it will host its fiscal 2007 fourth
quarter earnings conference call on Tuesday, October 30, 2007 at 5:00 PM ET.
Mr. Jure Sola, Chairman and Chief Executive Officer of Sanmina-SCI Corporation
will lead the call.

    What:            Sanmina-SCI Corporation's Fiscal 2007 Fourth Quarter
                     Earnings

    When:            Tuesday, October 30, 2007 at 5:00 PM ET

    Web Link:        http:/www.sanmina-sci.com

    Teleconference
    Information:     Dial in Number:  877.273.6760 -- Domestic
                                      706.634.6605 -- International

    Contact:         Sanmina-SCI's Investor Relations at 408.964.3610


About Sanmina-SCI

Sanmina-SCI Corporation is a leading electronics contract manufacturer serving the fastest-growing segments of the global electronics manufacturing services (EMS) market. Recognized as a technology leader, Sanmina-SCI provides end-to-end manufacturing solutions, delivering unsurpassed quality and support to OEMs primarily in the communications, defense and aerospace, industrial and medical instrumentation, computing, and multimedia and consumer sectors. Sanmina-SCI has facilities strategically located in key regions throughout the world. More information regarding the company is available at http://www.sanmina-sci.com.

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Source: Sanmina-SCI Corporation