SwingTrade Member Forum

[Rawnoc]

TPCS thoughts as of 10/20/10....

TPCS will be a multi-bagger as the earnings and growth justify it. Here's why IMO:

(1) TPCS in the latest CC is guiding for higher gross profit and operating income than the year ago quarter which implies higher EPS. That Q they earned +.062/share so this Q should top that for an annualized earnings rate of around +.25 EPS at LEAST. For a stock barely trading over $1.00, that's insanely cheap and should cause it to run a multi-bagger.

(2) TPCS is cash-rich with a rock solid balance sheet. $13 million in tangible shareholder equity.

(3) Backlog is up huge. $25.5 million which is about quadruple the rate of last Q alone. In addition, TPCS continues to announce new order of significant size:

$2.9 million:
http://finance.yahoo.com/news/TechPrecision-Corporation-prnews-1227501939.html?x=0&.v=1
$3.9 million:
http://finance.yahoo.com/news/TechPrecision-Corporation-prnews-716449505.html?x=0&.v=1
$6.7 million:
http://finance.yahoo.com/news/TechPrecision-Corporation-prnews-151666992.html?x=0&.v=1

(4) TPCS is seeking to uplist to a major exchange.

(5) Let's say EPS next Q comes in at +.08. That's +.32 annualized. PE of 10-15 (which is still cheap imo) = $3.20 to $4.80 target.