NUHC Nu Horizons Electronics - Anyone following them?
P/S only 0.28
P/ Tangible Book only 1.2
55% YoY revenue growth
14.4% Sequential revenue growth
EPS 0.17 vs .03
2006 EPS est $0.69
2007 EPS est $1.09
2007 forward P.E. only 9.
Another SIMC ?
On June 15, 2006, the Company entered into a non-binding letter of intent to acquire DT Electronics Limited, a franchised technical distributor of electronic components based in Coventry, United Kingdom. Consummation of the transaction is subject to certain requirements, including the satisfactory completion by the Company of its due diligence investigation and the execution by the parties of a definitive purchase agreement that has been approved by the Company’s board of directors. The transaction is expected to close on or about August 15, 2006. Financing for the acquisition will come from the Company’s existing cash on hand plus borrowings on current bank lines of credit.
Just an idea. Who knows how good in this market environment. I'm just trying to share (what appear to me to be) high growth stocks trading at reasonable prices.
