Value Microcaps Motherboard

[whyme2005]

SIMC $5.59...I believe SIMC, with only 1.6M shares on the float, is poised for a significant bounce in the next few days. SIMC is an easy 2-bagger in just a few weeks from now.

SIMC is growing profitably at a phenomenal rate.

Consider SIMC's financial performance:


- 2005 revenues: $61M............Est. 2006 Revenues: $110M........Up 90+%!!!!

- 2005 Net Income: $950K or 15c/sh........Est 2006 net income: $2.5M or 40c+/sh....Up 250%!!!

- 4Q 2005 Rev: $18M.........Est. 4Q 2006 Rev: $31M......Up 70%+

- 4Q 2006 Net Income: $192K or 3c/share...Est. 4Q 2006 Net Income: $650K..10c/share.....300% increase!!!


The financial performance I described about is something to brag about....don't you think so?.

SIMC is not shy about issuing preannouncements. The last time the preannounced strong quarterly results the stock went up 75%. With only 1.6M shares on the float, a 50% - 100% increase in a day is not out of the question. SIMC's fiscal 2006 ends December 31, 2006.

The above results/estimates come from published SIMC financial performance:

http://finance.yahoo.com/q/is?s=SIMC

http://biz.yahoo.com/bw/061114/20061114006267.html?.v=1


I don't think SIMC's pps will erode further so I am accumulating at these prices......there are very few no-brainers in the market, and SIMC is definitely one of them. Once this puppy turns, it will be very difficult to find shares to buy. I know that from experience.

If you follow the company history, SIMC had been very aggressive in the acquisition area. I don't think they are done acquiring profitable companies. I see SIMC as a $20+ stock in about a year.


+++++SIMC INVESTMENT HIGHLIGHTS:

* 1.6 Million Shares in Float
* Profitable in 9 of 10 years (2001 was the exception)
* 2006 9-month net income is 30c/share compared to 12c/share in 2005
* 2006 9-month revenues of over $80million....over 90% increase compared to $43M in 2005
* Market Cap only $36 million
* 2004 P/E = 12
* P/S = 0.3
* Insiders own 75% of the company.


Worldwide, SIMC operates 16 manufacturing plants in China, Singapore, Mexico, Scottland, and several plants in the United States.


About Simclar:

Simclar, Inc. (Nasdaq: SIMC) is a contract manufacturer of electronic and electro-mechanical products. The Company's products are manufactured to customer specifications and designed for original equipment manufacturers (OEMs) and distributors in the data processing, telecommunications, aerospace, defense, national security, instrumentation and food preparation equipment industries. Simclar's principal custom-designed products include complex printed circuit boards (PCBs), conventional and molded cables, wire harnesses and electro-mechanical assemblies. In addition, the Company provides OEMs with value-added, turnkey contract manufacturing services and total systems assembly and integration. It also delivers manufacturing and test engineering services and materials management, with flexible and service-oriented manufacturing and assembly services for its customers' high-tech and rapidly changing products. ..


DO YOUR DD!!