Balchem Corporation (BCPC)

[metropick]

My favorite part of this article is: "This revenue, when added to Balchem's 2006 result and its other acquisition in 2007, raises Balchem revenues on a pro forma basis for 2006 to approximately $175 million from $101 million."

Taking into account purely organic growth & identical profit margins, based on past data (see chart in iBox 2004-2006), I am looking for earnings of over $27 million (or $1.56/share), which would put today's p/e at 12. A correction to the current p/e would put this stock at $29/share.

Not a bad rate of return!!! See ya there!!!