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MikeDDKing

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MikeDDKing

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Thursday, 09/13/2007 10:56:17 AM

Thursday, September 13, 2007 10:56:17 AM

Post# of 71722
AYSI is a stock that IMO is a good candidate to double in the next 6-9 months. The last trade for AYSI was at $0.44. Here is some background on them:

- They make wear plates that are used heavily in the mining industry. The mining industry has grown rapidly in the past few years and I believe will continue to be strong for several more years due to growth in China and India.
- Revenue has grown 115% in the last 9 months.
- They are growing capacity. According to their last 10-Q they plan to add 5 production employees in the next three months. At the end of 2006 they had 15 production employees according to the 10-K. One poster talked to the company and found that they have added 10 production employees as of 9/6. That is an increase of 66%! If revenue grows proportionately, they are going to see a huge increase in earnings. http://investorshub.advfn.com/boards/read_msg.asp?message_id=22633404
- Their diluted EPS for the last 9 months was $0.034/share and their comprehensive income was $0.053/share. If we annualize their diluted EPS they are trading at a PE of less than 10. Yet I expect their earnings to grow significantly in the next 2-3 quarters.
- They are based in Australia and consequently do not use the US dollar for their currency. The valuation for AYSI will continue to benefit from continued weakness in the US dollar.

The biggest downside on AYSI is that they don't often issue PRs. However, I wouldn't be surprised to see that change.

Mike
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