PCP and MICC - Beat earnings
MICC released strong results today
* Earnings up 60% (beat earnings of 55%)
* Revenue is up 77%
* Subscribers rose 2M to 20M total. That's great growth from a small base
The key concerns here are Latin America competition. Basically AMX is looking to dominate. However, MICC is growing phenomenally in Africa.
Use $20 per month per subscriber as a revenue figure - MICC has the potential to grow business almost $440M, more than enough to offset any weakness in LATAM.
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PCP
* Earnings up 66%, just edging Wall Street's expectations of 63% (a $0.03 EPS beat)
* Sales rose 31% and beat expectations by $50M
To put things in perspective, they added $400M in business in just one quarter, from a base of $1.3B.
I also see margin growth, which could even accelerate due to the fastener business.
* Earnings up 60% (beat earnings of 55%)
* Revenue is up 77%
* Subscribers rose 2M to 20M total. That's great growth from a small base
The key concerns here are Latin America competition. Basically AMX is looking to dominate. However, MICC is growing phenomenally in Africa.
Use $20 per month per subscriber as a revenue figure - MICC has the potential to grow business almost $440M, more than enough to offset any weakness in LATAM.
----------------------------
PCP
* Earnings up 66%, just edging Wall Street's expectations of 63% (a $0.03 EPS beat)
* Sales rose 31% and beat expectations by $50M
To put things in perspective, they added $400M in business in just one quarter, from a base of $1.3B.
I also see margin growth, which could even accelerate due to the fastener business.
posted by Andrew at
7:58 AM
3 Comments:
Yes, Andrew! MICC is a rock solid pick. Thank you very much. They did very well and have a very good outlook for the year. Do you intend to keep it long term?
Thanks again.
MICC was a great pick Andrew. Pick of the year?
DRYS ..I like the volatility of this stock .might go down again because I heard Crammer said something bad about it.
Trid, I am not sure unless it does MICC act . Boeing results tomorrow...intresting watch for PCP,TIE,RTI & ATI.
MICC is solid for a particular reason: African infrastructure. They don't even have internet. But internet via cell phones is the direction.
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