TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| Collapsing Towers The recession put the brakes on some of the most ambitious skyscrapers ever conceived. forbes.com |
Aerosonic's 'Monster' Q1 Turnaround Paul Sco submits:Aerosonic Corporation (AIM), headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida and Earlysville, Virginia. For additional information, visit the Company’s website. Per Bloomberg, it has a tiny float of 3.0m shares and 3.7m shares outstanding. Monday, AIM reported a monster turnaround first quarter ended May 1, 2009. Sales were up 32% yoy and gross profit margin was up to 38% from 21%. AIM earned $0.38 EPS vs. a loss of $0.07 EPS last year. However, included in that number is a one-time $500k insurance settlement for a fire the Company experienced. I get approximately $0.29 EPS for the quarter excluding that gain. The CEO had a very nice comment regarding the future: “As we emerge from the aftermath of last year’s major fire, the Company has now been able to resume shipments in most of its product lines,” said Doug Hillman, Aerosonic CEO. “Although the quarter’s results have been augmented by $500,000 in insurance proceeds, we have clearly demonstrated that the Company’s operations, while still challenged, are able to generate profitable revenue. With a strengthened management team in place, and operational momentum building, our prospects for sustained performance and growth are definitely brighter.” Like recent super-trades.com runner Merrimac Industries (MRM), (which also posted $0.29 EPS and 32% sales growth in a turnaround quarter and hit $13.38 so far from my entry at $6.40 the day they reported the last quarter results), AIM appears to me to be an equally complete turnaround story with a low float. If this quarter is an indication of a new EPS run rate, then AIM could be on the way to $1+ EPS for 2009. If I were to apply a 10-20 P/E for that EPS range due to growth, I would get a share price of $10-$20. Disclosure: AIM is thin and will be volatile due to its float. In my opinion, it is not a stock to chase or have a large position in. That being said, I am long this stock from $4.20 and will add on any significant pullbacks as I believe this has the potential to move much higher like MRM recently has on its similar turnaround.Complete Story » seekingalpha.com |
EnerDel and Nissan to Develop New Battery Material Greentech Media submits: By Ucilia WangEnerDel has snagged a research and development deal with Nissan (NSANY) to work on a conductive material that they hope would lead to cheaper automotive batteries.Complete Story » seekingalpha.com |
Southwest’s Ratings Go South Zacks.com submits: Standard & Poor's Ratings Services has lowered its ratings on Southwest Airlines Co. (LUV), lowering the debt ratings to 'BBB' from 'BBB+’ and placing it with negative implications. However, Southwest has retained its investment grade rating.The downgrade reflects lower operating cash flow caused by record high fuel prices, low global demand for air travel and weak prices. The travel downturn has eroded the airline's flow of cash at a time when the airline faces substantial fixed obligations and declining cash balances. Southwest's cash balance fell to $902 million in the third quarter from $1.4 billion at the end of 2008.Complete Story » seekingalpha.com |
9 Small Cap and Mid Cap Dividend Raisers Dividends4Life submits: I have set aside 15% in my asset allocation for small and mid-cap equities. Generally, smaller cap securities are more volatile, but often offer a higher rate of return over the long-term. Most of this allocation is covered by small cap mutual funds in my 401(k).Complete Story » seekingalpha.com |