American Electric Technologies (AETI)

[OldPro]

AETI hints at significantly increasing….

EPS going forward.

Last Q earned $0.03 and had very positive outlook. CEO says “I expect our operating margin to improve from current levels… We concluded 2007 having set a company record with a backlog of $34 million… We expect to set a company record for sales in 2008… We also expect our earnings before taxes to return to the 2005-2006 levels of 5-8% of revenue by mid-year 2008.
With revenue rapidly increasing – EPS should soon follow.

Recently completed merger and associated expenses are now nearing the end and gains in EPS will start to track the significant gains in revenue.

7.7 mil shares out, only 3.2 mil shares in float.

Company based in Texas and recently announce expansion into Wind sector, particularly in Texas - with T. Boone Pickens and Texas PUC investing big money in Texas wind – AETI appears to be in a sweet spot.

Earnings should come in early August.