Edac Technologies (EDAC)

[southacresdave]

KIK.....EDAC did 20 cents a share on $12.7M in 4th Q last year. If the 787 gets going and Boeing gets going again on the 777 (and toss in what the F-35 contract is worth), EDAC will eventually get back to that revenue per quarter. Probably 3rd Q of next year or so. So I could see EDAC rising from the ashes again. They have a solid backlog (that keeps getting pushed off) and are investing more in equipment still.

It'd be nice to see management buy some shares at these prices (that is if they have any extra money!).

I could see EDAC back at $5-6 by the end of 2009.

D