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WMCO.OB looking attractive again at $1.19. Company earned a fully-taxed .037/share last quarter. Q2 revenues up 21%. Q2 net income up 53% (pre-tax income more than doubled). Weak balance sheet and high shares O/S, but CEO continues to buy and company has had some positive PR's lately.

Recent business activity can be summed up by this quote from the last earnings PR:

Williams Controls' President and Chief Executive Officer, Patrick W. Cavanagh, stated, "During the second quarter we established our manufacturing and sales operations in China with the opening of our Suzhou manufacturing facility and our Shanghai sales office and we opened our sales office in Europe to support our growing business in Europe. Additionally, we have made significant progress in our sensor development efforts, including securing of a licensing agreement for non-contacting sensor technology." He concluded, "The stronger worldwide truck, bus and off-road markets, along with our improved financial condition, have enabled us to pursue these growth initiatives."