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MikeDDKing

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MikeDDKing

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Re: None

Monday, 06/20/2011 3:06:04 PM

Monday, June 20, 2011 3:06:04 PM

Post# of 13
IBAL reported a blowout quarter with earnings of $0.05/share!!!

Backlog went up sequentially again from $3,295,000 to $4,055,000.

The balance sheet remains very strong with book value of $0.98 and cash of $0.52/share. The last trade was at $1.01.

IMO this will likely be a $2+ stock this year as I expect the earnings next quarter will be higher than those in this quarter. I'm guessing that they make $0.07/share.

IBAL makes equipment for bailing material such as scrap metal, corrugated boxes, newsprint, aluminum cans, plastic bottles, etc. Here is a link to their web site:

http://www.intl-baler.com/

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7990414-947-52949&type=sect&TabIndex=2&companyid=1070&ppu=%252fdefault.aspx%253fcik%253d781902

Mike

SwingTrade is my favorite board - #board-1781

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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