SMTX could go on a tear like last year:
Last year SMTX went on a tear to $8.. I think it could get there again soon here's why:
-SMTX RECENTLY REPORTED PROFITABLE 1Q 2008.
-In Q1 conference call CEO said April production was highest in SMTX history
- VERY STRONG GUIDANCE FORWARD. 2Q 2008 will be significantly stronger than 1Q 2008. Growth in the second half will accelerate as a result of a ramp up in production in China and Mexico.
- SIGNIFICANT POSITIVE CASH FLOW.
- LONG TERM DEBT IS BEING REPAID AT AN ACCELERATED PACE
- SIGNIFICANT RECENT INCREASE IN INSTITUTIONAL OWNERSHIP. THE FLOAT IS GETTING SMALLER....ONLY 7M SHARES NOW
- WELL DIVERSIFIED IN THE ELECTRONICS, INDUSTRIAL, NATIONAL DEFENSE, COMPUTING, NETWORKING, COMMUNICATIONS, OIL and GAS, AND MEDICAL SECTORS.
CEO Caldwell had this to say about the upcoming 2Q and the rest of 2008:
"In the second quarter of 2008, we expect significantly higher sequential revenues and correspondingly improved earnings. We reaffirm our guidance for the full 2008 year with both revenue and earnings growth over 2007 on stronger revenue in the second half of the year."
"We have made considerable progress in successfully qualifying production at our two new strategic locations; printed circuit board assembly in China and enclosure systems in Mexico.
" The China operations will significantly ramp production in the second quarter while Mexico is expected to increase activity levels in the second half of the year."
ABOUT SMTX:
SCTC Corp. (Nasdaq: SMTX) provides integrated electronics manufacturing services. The company offers various supply chain services, including product design, procurement, prototyping, advanced cable and harness interconnect, high-precision enclosures, printed circuit board assembly, test, final system build, supply chain management, packaging, global distribution, and after sales support.
The company also provides enclosure and precision metal fabrication, cable assembly, interconnect, and engineering design services. SMTC Corporation offers its services to original equipment manufacturers and technology companies primarily in industrial, computing and networking, and communications markets worldwide. The company was founded in 1985 and operates in the United States, Canada, Mexico, and China...
