Thresher Industries, Inc. (THRR)

[fisherman2009]

Referring to this from late April 2009.

HANFORD, Calif., April 28 /PRNewswire-FirstCall/ -- Thresher Industries, Inc. (Pink Sheets: THRR), a California-based manufacturer of precision recycled aluminum and advanced metal matrix composite parts, is pleased to announce the release of a positive 16-page research report written by one of the nation's leading micro-cap research firms, Grass-Roots-Research (Grass-Roots-Distribution.com). The report can be viewed online at http://www.grass-roots-distribution.com/.

The report states:

Thresher Industries, Inc. provides high quality aluminum casting alloys made from recycled aluminum and metal matrix composites. Thresher's unique metal induction cast process produces exact design specifications, differentiating it from available conventional methods. The Company is a zero emissions foundry with a low carbon footprint and seeks to benefit from the ongoing shift towards green products and technologies. Thresher is well-positioned to capitalize on rising domestic demand, especially in the automotive industry, requiring the use of eco-friendly materials and processes. The Company is in the process of raising additional capital.

We forecast significant top-line growth as the Company focuses on highly profitable markets nationwide and in Europe through its agreement with Advanced Technology Sales Associates. Revenues are projected to grow more than six times from 2008 to approximately $1.8 million in 2009. Thresher Industries, Inc. is a compelling opportunity for risk adverse investors.

The price target valuation states:

We have valued the stock using our Discounted Cash flow (DCF) method to derive short-term and long-term price targets. Our short-term price target is $0.93 reflecting a forward P/E multiple of 71.2x and 35.6x times our estimated 2009 EPS and 2010 EPS, respectively. Our conservative valuation and forecasts depend on the company's raising additional capital to remain solvent.