Value Microcaps Motherboard

[abh3vt]

Wouldn't change my original observations made in early June. The stock belongs to a very cyclical group that is (or clearly had been) experiencing a strong rebound in demand. Some of this is cyclical, as older trucks had to be replaced because they were at the end of their useful life. This year and next are still expected to be strong, but its possible that the Fy13 forecast is now dropping fast. I'd have to see negative growth in FY13 before dumping it now.

Most recent analyst estimates show strong growth y/y this year and next, although the absolute numbers have slightly decreased. Caution is certainly warranted given the macro issues.

Its dirt cheap, and its one of the upcoming reports I want to see before buying more. Anything less than Armageddon could see a strong rebound in price....but the headwinds will be much stronger next year.

Trading wise, they could have warned when putting out their CC info but chose not to. That could mean they will beat their numbers, or miss slightly....not enough to warrant a change in guidance. The key will be the forecast and how that changes. The consensus appears to be that management will have to be cautious and guide down. We'll see.