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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

673.0. "Informix (IFMX)?" by SWLAVC::HOSSEINI () Wed Feb 02 1994 18:17

    Anyone following Informix (NASDAQ: IMFX)?  I have seen a demo of their
    product which was very good.  They make relational database products
    for Unix systems.  I think their major competition is Oracle.
    
    Their stock is trading around $17/share.  Any info. on long or short
    term prospects is appreciated.
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673.1BROKE::SHAHAmitabh "Amend Constitution: ban DECAF"Wed Feb 02 1994 18:528
	IFMX's recent decline has been a mystery to me. It's 52-week high is
	in the 27+ range. They have solid products and are growing at a good
	rate, but analysts consider them one notch below the two giants:
	Oracle and Sybase. I don't see any evidence yet that they are losing
	sales to the other two (who seem to be cannibalizing the DEC's and the
	IBM's right now). 

	I'm still bullish on IFMX. 
673.2MSBCS::BROWN_LThu Feb 03 1994 15:533
    Dropped down to 16 the day before yesterday.  Of course, as soon as
    I put in a bid for 16 at the open yesterday, it climbed back to 17 1/4.
    
673.3Quarterly Results?SWLAVC::HOSSEINIFri Feb 04 1994 15:224
    Does anyone know if they have announced their recent quarterly
    financials? If so what were the numbers/what is expected?
    
    Traded as high as 17 3/4 yesterday.
673.4Informix Quarterly ResultsSWLAVC::HOSSEINIThu Feb 10 1994 17:4059
For those who are interested:

Article: 62536
Xref: ryn.mro.dec.com misc.invest:62536 misc.invest.stocks:2370
Path: ryn.mro.dec.com!nntpd.lkg.dec.com!jac.zko.dec.com!crl.dec.com!crl.dec.com!caen!malgudi.oar.net!news.ans.net!news.nynexst.com!france!ramesh
From: ramesh@nynexst.com (Ramesh Ravi)
Newsgroups: misc.invest,misc.invest.stocks
Subject: Informix earnings report
Date: 10 Feb 1994 13:27:42 GMT
 
I know lot of people in this group has been curious about the Informix results.
The following are the results of the December quarter.
 
Dec Qtr 1993		Dec Qtr 1992
 
Revenues: 101 M		96 M
Profits:   18 M		c15 M
Outstandng Shares: 67.7 M 
EPS: .27		.23
 
Year:
Revenues: 352 M		283 M
Profits:   56 M		 47 M
EPS: .83		.75
 
c: Includes a charge of 10.5 M related to settlement of litigation.
 
Profits seems to have increased about 20% but the revenue growth is very
tiny 6%. The market value of the company at yesterday's stock price of 17.25
is about 1.2 billion dollars. 
 
I have followed this stock for over 4 years now. In the first quarter of 1991
IFMX was as low as 65 cents (split adjusted) and it has gone up a whopping
2650% in 3 years. What has the company done in the last three years? It's
revenue has gone up somewhere between 75 to 100% in 3 years and it has gone
from significant losses in 1990 to a very healthy profits of 56 M dollars in
3 years. Does that justify its increase of 26 fold in stock price. I am not
sure. With out the revenue growth the stock cannot have a long term significant
growth. At today's price the stock is trading at about 3 times its trailing
revenues and a PE of 21. There is no wonder ORCL and SYBS are trading at lofty
prices because the growth of those two companies are about twice as fast as
IFMX and their profit margins are increasing very steadily. 
 
I don't the reasons why the revenue growth is slow, probably I will know when
I look in DJNR tonight. I know strong dollar is probably one of the reasons.
But that does not justify for investors. Unless if they have some legitimate
reason, the stock could probably take some beating today. Some of the positives
about the company are it has a cash of 144 million dollars and it has bought back 
about 490,000 shares of the company. I would stay away from the stock unless the
company has some key new products that are coming in 1994 that will increase
the revenues by atleast 20 to 25% and profits by 20 to 25% or the company 
should start doing some aquisitions to growth further if they cannot grow
in their business.
 
 
---
Ramesh Ravi 				Expert Systems Laboratory
email: ramesh@nynexst.com		NYNEX Science & Technology
 
673.5MSBCS::BROWN_LThu Feb 10 1994 18:081
    IFMX currently up 2 1/4 to 19 1/2 in down market.
673.6ZENDIA::FERGUSONRed XFri Feb 11 1994 12:4511
re                     <<< Note 673.4 by SWLAVC::HOSSEINI >>>

>Newsgroups: misc.invest,misc.invest.stocks
>Subject: Informix earnings report
>Date: 10 Feb 1994 13:27:42 GMT
 
off the subject:  how does one subscribe to this digest?  send a subscription
rqst to misc.invest.stocks?

thanks
jc
673.7VNEWSSWLAVC::HOSSEINIFri Feb 11 1994 15:164
    Read VNEWS notesfile, it explains how to subscribe to this and other
    newsgroups. 
    
    VNEWS Usenet News Reader	CLO::VNEWS
673.8BROKE::SHAHAmitabh &quot;Amend Constitution: ban DECAF&quot;Sat Feb 12 1994 15:348
    IFMX was up another 1+ on 2/11 to close at 21. A buy at 16 a week ago
    would have been great!
    
    Also, note that their 1992 earnings included a special one time 
    revenue from <mumble>, so their earnings growth is better than what
    appears in .4.
    
    My projection is 30 by the end of this year!
673.9IFMX UpgradedSWLAVC::HOSSEINIFri Feb 25 1994 22:245
    IFMX was up today to close at $23 3/8.  Was upgraded by some analyst to
    "buy" from "hold".  
    Re .8:  They even went over your projection, setting a $35 price range
            in 12-18 months.
    I am holding for now.