Wade: I own IPII and ERS which are my favorites from your list. Both have single digit PE’s on fully taxed and diluted earnings. And both have shown solid growth last year and have good prospects for further growth going forward. IPII is the more speculative, but also has significantly more upside potential especially considering the likely move to the NasdaqSC.
IPII - 1.55 Imperial Industries is a building materials supplier doing business primarily in Florida and neighboring southeastern states. The Company recently received shareholder approval for a reverse split to allow an application for Nasdaq listing. Fully diluted and taxed EPS was .21 through 9 months, and .07 in Q3. Third quarter results include a one time gain, and loss of business due to the hurricanes, that roughly cancel each other out. Revenues were up 33% from a year ago for the 9 month period. Q4 should be strong due to the company’s roofing supplies segment and the rebuilding effort in Florida. Nasdaq listing is likely to occur in Q1, and the stock should then command a PE of 10.
ERS - 4.12 Empire Resources is a distributor of a wide range of aluminum products. Earnings and revenues have grown steadily over the last 4 years, with EPS of .12 in 2001, .24 in 2002, .37 in 2003 and on track for .48 in 2004. 2005 EPS should be approximately .60. Dividend yield is over 5%, including the special year end dividend. Nothing exciting here, but this AMEX listed microcap should provide solid returns in 2005.
ACRG just posted another solid quarter and it on my watchlist. I hope to pick up some shares on a pullback ahead of their seasonally weak February quarter. Trailing PE is now around 10, so higher than IPII and ERS. You may want to reread Bobwins’ excellent post on ACRG of a few days ago.
TGCI has a 3rd seismic crew at work resulting in a strong 3rd quarter. But results may flatten if they don’t keep adding more crews. Also EPS are untaxed, though they have plentiful op. loss carryforwards. A bit pricey for me at this level.
PIHC looks appealing and hweb has been recommending it. I may pick up some shares on further weakness. Looks like a good long term investment.
BSIC showing strong growth with low PE, but I don’t know much about this one … do they have significant o&g reserves ? I’ve put it on my watchlist.
