Edac Technologies (EDAC)

[southacresdave]

Hey Mike! Nice pr by EDAC. They are becoming very shareholder friendly in that they didn't waste any days putting out the results for the quarter. I was "hoping" they would toss something our way next week. The fact that they already did it makes me read between the lines more on their future intentions/possibilities.

I'd be very happy if their gross margins went up to around 18%+ for the quarter and the net 16 cents fully taxed (38%).

Also good to see backlog solid even after $12+M in revenue. Means they should/could get to the $15M/quarter number by 3rd (or more likely 4th quarter). That would put them at 20 cents/share or a run rate of 80 cents/year. A listing on AMEX or Nasdaq Smallcap would put us over $10 by December!

I'm loving it. My #1 holding.

Dave