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PACIFIC INSIGHT ELECTRONICS CORP T.PIH

"Pacific Insight Electronics Corp is engaged in providing electronic solutions to the automotive, commercial, and specialty vehicle markets. It manufactures & sells LED lighting products and systems, electronic control modules, and wire harnesses."


TSX:PIH - Post by User

Comment by mjh9413on Sep 14, 2016 12:11am
221 Views
Post# 25234540

RE:Q4 Out: Continued Revenue Growth, Balance Sheet Strong

RE:Q4 Out: Continued Revenue Growth, Balance Sheet StrongDisappointing given my expectations but that reference to prototype costs in the qtr give some consolation as clearly working on new models for next production cycle, and also the leasehold expenses on the Mexico facility. Salary costs were a lower increase than I expected but the revenue number disappointed, as did the eps. Don't believe these fnancials will support an 8.5 p/e ratio particularly given views on auto prodn., overall macro conditions in USA and globally going forward, and not forgetting the Fed!! 
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