tbone, re IEHC JMIH
IEHC still looks undervalued based on the impressive results last quarter. But the stock has already had a heck of a run...more than quadrupling during the last 2 months. Plus I'm not sure if they can sustain the .10/share earned last quarter. I took profits and am looking to get back in on a dip.
I think JMIH will report a solid Q4 next month. Hopefully earnings of .015/share, which would give them .05/share for the year (excluding the loan guarantee charge in Q2). Reasons for optimism include the CFO being quoted on the last day of fiscal Q4 as saying they needed the additional capacity because production was sold out for months and months. There was also an upbeat comment from the president in the last earnings PR...that they would be in full production on their new 38' model halfway through Q4. Maybe the stock will pop to the .40's next month. But not looking for much more than that until the new facility gets up and running.
From 6/8/05 PR:
Carl Herndon, Jupiter Marine's President, stated, "We have always placed a premium on introducing new and innovative boats that fulfill the desires of our active fishing and cruising customers. In response to customer demand for a boat that is larger than our 31' models, we designed the Jupiter 38', a stylish, yet rugged, model that incorporates the quality performance, features and comforts that Jupiter owners have come to expect. We are pleased to announce that in April 2005, one of our dealers delivered our first Jupiter 38' to a retail owner. We have been receiving steady orders for the vessel since its introduction in February 2005, and expect to be in full production on this model by the middle of the fourth quarter. This runs concurrent with the continued high demand of our existing models, as our order backlog remains strong at approximately six months."
AI
