Ya, EDAC has expanded with equipment for the precision line (their line of growth right now). But after increasing CAPEX for last few Qs, I was really disappointed with the Q prior to this report coming. They had a big increase in inventory yet lowered revs (even with backlogs and expansion). So I was not too happy with the part-time CEO. Plus they threw the #s on us w/o warning in the middle of trading (did I say I ahte that, LOL?). However, with this last Q preannouncement with revs I feel more comfortable. But we still haven't seen the actual #s. I'll be looking at inventory levels and free cash flows to see if they're slowing the expansion (I think they opened up a warehouse to expand and also the machinery they ordered in the last 12 months). With India and China driving the big commercial liners and businesses driving the smaller engine market with private jets (LOL, does Buffett want to buy Munger an 'Indispenable' to go along with the 'Indefensible'?_) I see this area continuing to be in a cyclical upswing for a few more years. I think cycles on the upside with aero may extend a little longer than historical norms because of the markets in India and China. I bought HXL under $3 in 2003 and sold at $6. I used to work there as a grunt and could tell things were turning up. But I went on strike and got replaced LOL. Glad that happened, I'm happier now:) In the nursing field now... And investing:) Good luck!
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