Return-Path: <bounce-3059858-190@mail1.2af7bc.net>
Received: from mail1.2af7bc.net (mail1.2af7bc.net [209.236.59.34])
by www.munged.ext (8.11.6/8.11.6) with SMTP id g9ADHBf04268
Thu, 10 Oct 2002 09:17:11 -0400
Message-Id: <200210101317.g9ADHBf04268@www.munged.ext>
X-Mailer: MIME::Lite 2.117 (F2.6; B2.12; Q2.03)
Date: Fri, 11 Oct 2002 01:11:53 UT
X-X: H4F%N9&]M25;>-3EQ^5DI3`ND+D^CXLC&QI!VAKOM/W$`U%SN92?[@```
Subject: Technical Update(ENPO)Analyst Says BUY...Watch This Stock Trade Tomorrow
X-List-Unsubscribe: <unsub-3059858-190@1ad7bd.net>
From: "Investor Insights" <InvestorInsights__r-3059858-190@1ad7bd.net>
Reply-To: "Investor Insights" <InvestorInsights__r-3059858-190@1ad7bd.net>
This message contains an HTML formatted message but your email
client does not support the display of HTML. Please view this message in a
different mail client or forward this email to a web-based mail system.
1.
On
Sept. 4, 2002 ENPO signed a definitive merger agreement with Multi-Fineline
Electronix Inc. (M-Flex) whereby ENPO receives $200,000 and 3 1/2 percent
before fee’s of the M-Flex post merger stock.
2.
M-flex
reported $84 Million in revenue for the first 10 months of their fiscal year ending
Sept. 2002. It appears M-flex is on target to do over $100 Million in revenues
for fiscal year ending Sept. 2002.
3.
M-Flex
revenues for its 2000 fiscal year were $100.6 million with $18.1 Million in Positive
EBITDA and for its 2001 fiscal year were $82.7 million with $9.4 Million in Positive
EBITDA.
4.
M-Flex
majority shareholder is WBL Corporation Limited, Singapore. WBL reported $541
Million in revenue for 2001.
5.
ENPO
and M-Flex will make the appropriate filings and could finalize the transaction
during Q1 2003.
6.
ENPO
will be spinning-off their existing business, iSucceed.com, and related training
businesses, to its shareholders and certain creditors.
7.
ENPO's
existing shareholders would retain their current ownership interests in ENPO's
existing business, subject to reduction due to the issuance of shares to extinguish
certain of ENPO’s obligations, plus a 3 1/2 percent interest in M-Flex’s
business operations.
8.
Investors
in ENPO NOW, prior to the record date, which has not been announced, receive M-Flex
shares at the close of the transaction and also participate in the real estate
spin-off.
UPDATE
As a courtesy from the Wall Street Analyst.net we've obtained an unbiased technical opinion on ENPO. As we stated in our initial profile, on a technical basis, if volume came into ENPO in our opinion we felt that ENPO could trade to $.10 near term.
With ENPO rising over 100% in 2 days (congratulations to those that are participating) on nice volume, as depicted below by the Wall Street Analyst.net, In our opinion because of a lack of overhang supply from ENPO's earlier precipitous drop from $.15 to $.03, we now believe if huge volume continues ENPO could trade back to $.15 near term.
Wednesday's Bullish (up) move, forming a recent
high, is accompanied by huge volume (1000% of average),
suggesting a continuation to further new highs.
This is generally a very bullish sign. Refer to
the Short-Term and Long-Term Opinions to keep from
buying at a top or short-selling too early.
Short-Term Opinion: OUTPERFORM
On a short-term technical basis, the trend is Bullish
(up) and the stock is above its 50-day moving average
at 0.03 which also confirms its Bullish (up) trend.
The stock is neutral according to the Stochastic
indicator (56.71).
Long Term Opinion:
N/A
Not enough data for Long-Term Analysis.
THE
OPPORTUNITY
On
September 4, 2002, ENPO announced that it has signed a definitive agreement with
Multi-Fineline Electronix Inc. (M Flex). Under terms of the agreement, ENPO will
acquire all of the capital stock of M-Flex to pursue a corporate reorganization,
which, upon closing, would result in M-Flex transferring its business to ENPO
in exchange for 96.5% of the existing ENPO common stock, and ENPO fully spinning-off
its existing business, iSucceed.com, and related training business, www.university.com
to its shareholders and certain creditors.
Founded in 1984, M-FLEX,
located in Anaheim, California with 100 employees and a 60,000 sq. ft. facility,
and Suzhou, China with 1600 employees and a 160,000 sq. ft. facility, manufactures
flexible circuits found in products such as laptops, bar code scanners, cellular
phones, network equipment, hard drives and power products. In accordance with
their "concept to completion" philosophy, M-FLEX USA began attaching
components to their printed circuits for their customers. Many of M-FLEX USA’s
customers who’s names are in the fortune 500 list, continue to increase
their outside assembly requirement needs in order to focus on their core competence.
M-Flex revenues
for its 2000 fiscal year were $100.6 million with $18.1 Million in EBITDA and
for its 2001 fiscal year were $82.7 million with $9.4 Million in EBITDA. M-flex
reported $84 Million in revenue for the first 10 months of their fiscal year ending
Sept. 2002. It appears M-flex is on target to do over $100 Million in revenues
for fiscal year ending Sept. 2002.
VALUATION
In
our opinion, there are 2 ways to look at ENPO, 1 fundamentally and 2 technically.
On the fundamental side there are 2 public companies’ that pretty much do
exactly what M-flex does. The first is Parlex (Nasdaq: PRLX), and the second is
Innovex (Nasdaq:INVX). PRLX in the last 12 month’s generated revenues of
$87 Million and had negative EBITDA of about $9.79 Million Dollars, and a Market
Cap of $70 Million. INVX in the last 12 month’s generated revenues of $140.5
Million and had positive EBITDA of $8.49 Million Dollars, and a Market Cap of
$35 Million (makes no sense, but that’s the stock market).
What does all this mean?
In our opinion if we were to compare apples to apples, one could assume M-flex
could be valued in the Stock Market between $35-$70 Million Dollar Market Cap
by comparing M-flex to their competitors.
On the technical side, ENPO
was delisted from Amex this past May. At the time of the delisting ENPO
was trading at about 15 cents per share. ENPO, first listed on the pink
sheets, and within a few weeks found its way to the OTCBB whereby it was quoted
.04bid and .11offered. Not a lot of stock has traded from $.15 to its current
levels, in other words there appears to be not much overhang from these levels
to $.15.
In our opinion,
on a technical basis, if volume or strength comes into ENPO near term, then we
believe ENPO could trade to $.10 pre share near term because of a lack of overhang
supply.
On a fundamental
basis, in our opinion, if the merger were to be completed by Q1, 2003, as contemplated,
and the market were to value ENPO/M-flex slightly above the midpoint market cap
of its peers, then $.10 per share would be a fair valuation.
If ENPO only traded
back to $.10 per share, based on the proposed merger with M-flex, this would value
ENPO/M-flex at about $57 Million Dollars.
CONCLUSION
Every
once in awhile the micro-cap investor is shown a pretty good speculative investment,
while weighing risk reward in our opinion ENPO could be this company.
We
believe the only risk in owning ENPO is that merger with M-flex falls through,
and ENPO becomes another statistic by going out of business and you lose all your
money.
That’s
the downside, on the upside if the merger is completed, in our opinion you will
own an 18 year old company that generates over $100 Million in revenues and makes
money.
ENPO
is the lowest priced stock that we have ever profiled. We did our own calculations
because of the price of the stock, follow us along: a 5000 share investment @
$.03 = $150 dollars, 5000 shares @ $.04 = $ 200 dollars and so on.
It
is not our job to solicit offers to buy or sell any
security; all we are paid for is to email these profiles to millions of our recipients.
******* Important Notice and Disclaimer: Please
Read *******
Disclaimer
Investor Insights, and affiliates (II), publishes reports providing
information on selected companies that II believes has investment potential. II
is not a registered investment advisor or broker-dealer. This report is provided
as an information service only, and the statements and opinions in this report
should not be construed as an offer or solicitation to buy or sell any security.
II accepts no liability for any loss arising from an investor's reliance on or
use of this report. An investment in ENPO is considered to be highly speculative
and should not be considered unless a person can afford a complete loss of investment.
An affiliate of II has been hired by a third party, and has received seven hundred
and fifty thousand free trading shares of common stock for the publication and
circulation of this report. II intends to sell all or a portion of the of the
ENPO stock at or about the time of publication of this report. Subsequently II
may buy or sell shares of ENPO stock in the open market. This report contains
forward-looking statements, which involve risks, and uncertainties that may cause
actual results to differ materially from those set forth in the forward-looking
statements. For further details concerning these risks and uncertainties, see
the SEC filings of ENPO including the company's most recent annual and quarterly
reports
domain: 2AF7BC.NET
owner-address: Don Howe
owner-address: 23 Partridge Hill Road
owner-address: 12538
owner-address: Hyde Park
owner-address: New York
owner-address: United States of America
admin-c: DH390-GANDI
tech-c: DH390-GANDI
bill-c: DH390-GANDI
nserver: ns6.skywiz.net 64.59.36.100
nserver: ns7.skywiz.net 64.59.36.101
reg_created: 2002-08-22 12:31:32
expires: 2003-08-22 12:31:33
created: 2002-08-22 18:31:34
changed: 2002-08-22 19:04:11
person: Don Howe
nic-hdl: DH390-GANDI
address: 23 Partridge Hill Road
address: 12538
address: Hyde Park
address: New York
address: United States of America
phone: +1 8455551212
fax: +1 8455551213
e-mail: MrDonHowe@hotmail.com
2af7bc.net has address 209.236.60.99
Host www.2af7bc.net not found: 3(NXDOMAIN)
mail1.2af7bc.net has address 209.236.59.34
Search results for: ! NET-209-236-57-0-1
CustName: One Stop Data, Inc.
Address: 2728 NW 14 Ct. Suite 120 Deerfield Beach FL 33064
Country: US
RegDate: 2002-10-02
Updated: 2002-10-02
# ARIN Whois database, last updated 2002-10-13 19:05
Search results for: ! NET-209-236-0-0-1
OrgName: PG & C Leasing, INC
OrgID: PGCL
NetRange: 209.236.0.0 - 209.236.63.255
CIDR: 209.236.0.0/18
NetName: PGCNETBLK2
NetHandle: NET-209-236-0-0-1
Parent: NET-209-0-0-0-0
NetType: Direct Allocation
NameServer: NS1.LAUDERDALE.NET
NameServer: NS2.LAUDERDALE.NET
Comment: ADDRESSES WITHIN THIS BLOCK ARE NON-PORTABLE
RegDate: 1998-05-27
Updated: 1999-12-02
TechHandle: FLN5-ARIN
TechName: Network, Fort
TechPhone: +1-954-489-3981
TechEmail: dns@lauderdale.net
OrgTechHandle: ROLEA2-ARIN
OrgTechName: Role Account
OrgTechPhone: +1-954-491-4855
OrgTechEmail: noc@lauderdale.net
OrgAbuseHandle: ROLEA3-ARIN
OrgAbuseName: Role Account
OrgAbusePhone: +1-954-491-4855
OrgAbuseEmail: abuse@lauderdale.net
OrgName: PG & C Leasing, INC
OrgID: PGCL
Address: 5811B North Andrews Way Fort Lauderdale FL 33309
Country: US
Comment:
RegDate: 1998-03-11
Updated: 2002-10-04
# ARIN Whois database, last updated 2002-10-13 19:05
domain: 1AD7BD.NET
owner-address: Don Howe
owner-address: 23 Partridge Hill Road
owner-address: 12538
owner-address: Hyde Park
owner-address: New York
owner-address: United States of America
admin-c: DH390-GANDI
tech-c: DH390-GANDI
bill-c: DH390-GANDI
nserver: ns6.skywiz.net 64.59.36.100
nserver: ns7.skywiz.net 64.59.36.101
reg_created: 2002-08-22 12:31:28
expires: 2003-08-22 12:31:29
created: 2002-08-22 18:31:30
changed: 2002-08-22 19:01:39
person: Don Howe
nic-hdl: DH390-GANDI
address: 23 Partridge Hill Road
address: 12538
address: Hyde Park
address: New York
address: United States of America
phone: +1 8455551212
fax: +1 8455551213
e-mail: MrDonHowe@hotmail.com
1ad7bd.net has address 67.99.107.104
Host www.1ad7bd.net not found: 3(NXDOMAIN)
Search results for: ! NET-67-99-104-0-1
CustName: One Route LLC
Address: 621 NW 53rd St Boca Raton FL 33487
Country: US
RegDate: 2002-07-31
Updated: 2002-07-31
