Value Microcaps Motherboard

[jwbstock]

Sleestack: Delta Woodside?

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Buying this week. This is no a sexy industry but this is a deep value turnaround story. Should earn at minimum a $1.00eps in next fiscal year and the company is almost finished with restructuring charges. Only 5.9 million shares but three great institutions own quite a bit of shares. at .60cents this is a steal. Minimal downside risk for now.
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If true, it's really amazing that a $0.62/share stock could earn $1.00/share next year. What is your basis for this estimate? Delta is in the textile business. The American textile businees might possibly be obliterated by a new wave of Chinese imports that are enabled by recent changes in import quotas. What makes you so sure that this company is going to reverse its declining sales in the face of the Chinese onslaught?

Thanks in advance for any insight that you can give.

JWB