Edac Technologies (EDAC)

[MikeDDKing]

I still own a nice amount of EDAC although I don't own as much as I once did.

I heard on CNBC maybe a week back that there was a downgrade on Boeing (BA) but I haven't been able to find that today. So, I'm not sure about that. BA stock is still pretty close to its 52 week high.

If EDAC hits the estimates that I came up with in late July the stock will move considerably higher. Here is a link to my estimates:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21680701

One thing that does concern me with EDAC is that the backlog growth has stagnated a bit. However, EDAC has been expanding capacity. I have to believe that they have a good reason for expanding capacity and that will ultimately result in higher revenue.

I trimmed my position when the stock went back over $8 in August. If the stock pulls back much further I may consider reloading some shares.

It will be interesting to see what KRSL reports. I think their report should be out by the end of September.

Mike