WSCI $3.58..EARNINGS AH TODAY......COULD SEE $5++ TOMORROW
WSCI will report 1Q 2006 earnings TODAY AH, and will likely be a big gainer after the results are published. I see $5 plus tomorrow...
HIGHLIGHTS:
- 2M FLOAT
- 2.6M O/S shares
- 0.6 P/S
- $10M market cap
- Consistently profitable
- Pays 14c/share yearly dividends.
WSCI is explosive during earnings time because of its very tiny float. Last June it jumped from $3.4 to $6.88 after earnings numbers were released. Right now the pps is depressed mainly because of tax selling that just ended a few days ago.
Net income in 1Q 2006 will likely be much higher than the comparable 1Q 2005 following the trend established in the last 2 quarters.
h**p://finance.yahoo.***/q/is?s=WSCI
The jump in net income in 3Q and 4Q of 2005 compared to 1Q and 2Q was caused by the fact that during the first two quarters of 2005 WSCI was still absorbing costs related to its relocation to a larger and more modern manufacturing plant located in Monticello, MN just a few miles from its largest costumer, Polaris.
It is also likely that revenues willl see a boost starting in 1Q 2006. In June 2005 WSCI announced a partnering arrangement with an industry leader in the biosciences field. WSCI at the time estimated that the arrangement could increase sales by approximately 10%. In a subsequent report the company mentioned that parts per this arrangement would start being manufactured during 1Q 2006.
Michael J. Pudil, president and chief executive officer, commented: "We are excited to announce this undertaking with one of our existing customers. With the acquisition of our Monticello, Minnesota facility a year ago, we had placed additional emphasis on diversifying and expanding our business. We feel this new arrangement is a positive step in accomplishing this goal. One of WSI's core competencies is not only the machining of parts, but the ability to provide a wide array of services from prototyping to project management to just-in-time inventory. We believe the upcoming venture capitalizes on these capabilities."
ABOUT WSCI:
WSI Industries, Inc. engages in the precision contract metal machining business primarily serving the aerospace and avionics, recreational vehicle, computer, small engines, and the defense markets in the United States. The company provides manufacturing solutions to its original equipment manufacturer customers, including design engineering, material purchasing, and shipping. It manufactures metal components in accordance with customer specifications. WSI Industries was incorporated in 1950 and is headquartered in Monticello, Minnesota.
DO YOUR DD
AI
