SwingTrade Member Forum

[Schneidku40]

IEC

IEC is a manufacturer that just posted positive results and are coming out of a several-quarter slow down in business due to delays in customer ordering. Revenue increased sequentially from $21 million to 26.5 million and from a 9 cent loss to an 8 cent gain.

Another interesting thing is that they have a nearly $32 million NOL tax carryfoward. For a company with a market cap of only $42 million, that's quite a cushion. They could easily be bought by somebody just for that benefit and they'd get a profitable, $100+ million revenue company for essentially $10-20 million.