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Re: mandjb post# 125277

Thursday, 05/06/2010 11:22:41 AM

Thursday, May 06, 2010 11:22:41 AM

Post# of 173846
mandjb...EDAC...up 30% from your post. Seems buyers (and insiders) are more interested in the future growth than the bottom dollar for right now. Making parts for the GenX engine (787 and 747-8), F135 engine (F-35 fighter) and PW1000 engine (P&W engine that is going to be used on Bombardier CSeries, Mitsubishi Regional Jet (MRJ) airliners, and Irkut MS-21.)

These are the three largest engine programs of the next 10 years and EDAC has their thumb in the pie on each one of them to some extent.

I agree though that management needs to convert increasing revenue into profits. The nice thing is that the stream of revenue in the future is pretty darn solid ($140+M backlog for a $25M company and the backlog is growing faster than they are using it up).

Was nice to see the new director buying in the mid to high $4's recently.

Dave
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