Furon, LAGUNA NIGUEL
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Nature of Business: Supplier of polymer-based products for industrial markets, including electronics, aerospace, petrochemicals and semiconductors.
Total Employees: 2,800
In Orange County: 450
Stock Designation in Times: “Furon” on NASDAQ
Ticker Symbol: “FCBN”
Friday’s Close: $12.75
One-Week Change: Down $1.25
Analyst review: “This is a wonderful company. They’re in a bit of a slump rightnow because the economy is sluggish. There was a 13% drop for the second quarter because sales volume is slow. But they can weather this storm. Financially they’re in better shape now than they were last year. They sold off one of their foreign operations, they’ve cut down, and they will be in excellent shape when the economy turns around. Recovery hasn’t started yet, but even if it begins even on a modest basis, they’re in position. . The lack of business is because of recession, not because of anything they’re doing wrong. This is a good long-term investment for someone with a little patience.”
--Samuel Braude, vice president
Herzog Heine Geduld Inc., New York
3 1/2-YEAR SUMMARY: SALES VS. PROFITS
Fiscal year ending Feb. 4 Feb. 3 Feb. 2 2 Qtrs. 2 Qtrs. 1989 1990 1991 1991 1992 Net Sales $249.8 $332.2 $326.9 $172.4 $155.8 Net Profit (Loss) $9.9 $10.3 $9.1 $5.5 $1.8
Corporate Outlook: “We come from a growth perspective centered around our core technologies--thermoplastics and Teflon applications. For the next few years, we plan to expand into the European and Pacific Rim markets and develop new products based on these technologies. The driving force behind us is to enhance the economic value of the company for our investors.”
--J. Michael Hagen, CEO and Chairman
RETURN ON INVESTMENT: 3 1/2-YEAR SUMMARY AND YEAR-TO-DATE
Fiscal year ending Feb. 4 Feb. 3 Feb. 2 2 Qtrs. 2 Qtrs. 1989 1990 1991 1991 1992 52-Week High $15.00 $16.50 $19.00 $19.00 $15.50 52-Week Low $9.08 $11.75 $8.50 $11.50 $11.25 Book Value Per Share* $8.60 $10.09 $11.60 $13.33 $11.23 Net Earnings (Loss) Per Share $1.29 $1.33 $1.11 $0.69 $0.21 Price-to-Earnings Ratio 11:1 9:1 11:1 11:1 27:1 Average Return on Investor Equity 18% 16% 9% 12% 4%
* Book value is the difference between a company’s assets and its liabilities.
For more information, call or write Furon Company: 29982 Ivy Glenn Drive, Laguna Niguel, Calif., 92677. (714) 831-5350
Source: Furon Company
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