Cemtrex Inc (CETX)

[StockonHighalert1]

We note that the disparity in recent prices of Key Tronic and Cemtrex suggest that the offer indicated would likely be only a first step in any acquisition process. In a follow-up to the announcement, issued on September 13, 2017, Cemtrex management reiterated its outlook for the company to achieve approximately 30% YoY topline growth in FY17E, with revenues expected to be in a range of $118mn to $120mn. The company has also formed Cemtrex Advanced Technologies, a subsidiary focused on growth opportunities in the technology industry, including what management described as a "once-in-a-generation" opportunity in electronics for "Internet of Things," wearables, and its own line of proprietary high tech products, such as the recently announced enterprise smart desk. http://stocksonhighalert.blogspot.com/2017/10/seethruequity-issues-company-note-on_19.html