The New Board=Free Pancake Breakfast

[MikeDDKing]

This will get you started on AMLJ....

AMLJ is a rapidly growing defense electronics company that IMO has good chances of becoming a multi-bagger. Here is why:

1. AMLJ recently posted fiscal Q2'10 (ending September 30th) diluted EPS of $0.05. Annualizing that number gives them a PE of 7 which is quite inexpensive.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43069456

2. AMLJ has announced $3.92M in large orders since July 7.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43128519
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44362465
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43066370

3. Their web site indicates that they recently started a second shift and are in the process of training a third shift. That implies to me that it is likely they will have sequential increases in EPS for several quarters.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44481978

4. The growth in large part is happening because their $30M UAV (Unmanned Aeriel Vehicles) contract with Raytheon has entered the production stage. The $30M in revenue is going to be delivered over the next 5 years. They have additional UAV programs that they are working on going forward which will drive additional growth. In fact, they received a pre-production order for $220K in October for one of the additional UAV programs.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43069754
http://www.asdnews.com/news/4324/AML_Communications,_Inc._Announces_Major_Contract_Award.htm
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43066370

5. I estimate that fiscal Q3'10 (December) will have diluted EPS that exceeds the fiscal Q2'10 diluted EPS, fiscal Q3'10 diluted EPS will be $0.065-$0.070/share, and calendar year 2010 diluted EPS will be in the range of $0.30-$0.40. If I use the midpoint of my calendar year 2010 range they are trading at a forward PE of 4!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44365577

6. They have a pristine balance sheet and are building huge amounts of cash. As of the end of the Fiscal Q2'09 (September) they have $2.3M of cash. Book value is now in excess of $1.30/share.

7. Their Mica-Tech subsidiary provides a product for data acquisition and control of the electric power grid via satellite (Smart Grid). This division is currently running at essentially break even and provides potential for future growth as the division is in it's infancy.

8. AMLJ has a stock buyback in place.

For further DD please visit the AMLJ board:
http://investorshub.advfn.com/boards/board.aspx?board_id=2654