InvestorsHub Logo
Followers 0
Posts 273
Boards Moderated 0
Alias Born 03/04/2005

Re: mandjb post# 8100

Thursday, 03/31/2005 4:46:01 PM

Thursday, March 31, 2005 4:46:01 PM

Post# of 173880
SIMC reported record revenues and net income right before closing today!!!

There are only 2 million shares on the float. $6 plus here we go.... This baby will rock tomorrow.

Highlights:

SIMC doubled net income from 2003 to over $2 million to over 36c/share!!!

SIMC grew revenue 48% compared to 2003 to over $50 million!!.

Without the costs related to the new Mexico plant (almost $500K per 10K) the net income would have been 15c/share in 4Q 2004!!

All that money is going to the bottom line in 1Q 2005 to be reported in less than 6 weeks!!!


http://biz.yahoo.com/bw/050331/315740.html?.v=1

+++ SIMC INVESTMENT HIGHLIGHTS:

* 1.8 Million Shares in Float
* Revenues of over $50 million/year
* Net Income of 36c/share
* Market Cap only $25 million
* P/E = 9.5
* P/S = 0.5



About Simclar:

Simclar, Inc. is a contract manufacturer of electronic and electro-mechanical products. The Company's products are manufactured to customer specifications and designed for original equipment manufacturers (OEMs) and distributors in the data processing, telecommunications, instrumentation and food preparation equipment industries. Simclar's principal custom-designed products include complex printed circuit boards (PCBs), conventional and molded cables, wire harnesses and electro-mechanical assemblies. In addition, the Company provides OEMs with value-added, turnkey contract manufacturing services and total systems assembly and integration. It also delivers manufacturing and test engineering services and materials management, with flexible and service-oriented manufacturing and assembly services for its customers' high-tech and rapidly changing products.


Always do your own DD.



Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.