SwingTrade Member Forum

[MikeDDKing]

TPCS is a rapidly growing metal fabricator and precision machining company. I believe they make a tremendous long term investment for the following reasons:

1. TPCS has three quarters of sequential revenue growth and five quarters of sequential backlog growth.

2. TPCS is rapidly growing capacity. They recently opened a Chinese manufacturing facility that will roughly double the revenue capacity. Also, they are adding 18,000 sq. ft. of facilities in the US to further increase capacity.

3. Several large customers are ramping up and likely will greatly increase revenue. The largest new customer has the potential to add $15M+ in annual revenue in a 2-3 year timeframe or roughly a 50% increase in overall revenue from this customer alone.

4. TPCS is attractively priced at roughly 11 times TTM diluted EPS.

5. TPCS has a strong balance sheet with book value of $0.75/share and cash of $0.63/share.