IEC Electronics Corp. (IEC)

[MikeDDKing]

IEC is one of my favorite stocks. They have a long term history of great growth. I think they have good odds of moving 50% in the next year and more in 2012 as I expect growth to continue. Here is some more information to back up my interest in IEC:

1. Recently, they have received several large orders. They received a $5.6M order on 9/8 and a $5.1M order on 8/31.

2. They made $0.13/share in the most recent quarter and I'm expecting next quarter to be the same. I estimate fiscal 2011 earnings at $0.65+. With a last trade at $5.27 that means they are trading at a low forward PE of roughly 8.

3. They have a history of making acquisitions that are accretive to EPS. They recently made a small acquisition and I expect that they will make more.

4. They have excellent cashflow which is related to the fact that they aren't paying taxes yet are accruing them on their income statement.

5. Their customers are largely military and medical customers. These customers have them build complex electronics in relatively low volume. This type of business is sticky and is recession resistant.