AMLJ is a rapidly growing defense electronics company that IMO has good chances of becoming a multi-bagger. Here is why:
1. AMLJ recently posted fiscal Q2'10 (ending September 30th) diluted EPS of $0.05. Annualizing that number gives them a PE of roughly 7 which is quite inexpensive.
2. They have stated that they expect fiscal 2011 revenue (ending March 2011) to be in the $20-$24M range. This is described in the fiscal Q1'10 CC. I estimate the this will translate to diluted EPS of $0.25/share with $22M in revenue. That gives them a forward PE of roughly 5.
3. The growth in large part is happening because their $30M UAV (Unmanned Aeriel Vehicles) contract with Raytheon has entered the production stage. The $30M in revenue is going to be delivered over the next 5 years.
4. They have additional UAV programs that they are working on going forward which will drive additional growth.
5. They have a pristine balance sheet and are building huge amounts of cash. As of the end of the Fiscal Q2'09 (September) they have $2.3M of cash. Book value is now in excess of $1.30/share.
6. Their Mica-Tech subsidiary provides a product for data acquisition and control of the electric power grid via satellite (Smart Grid). This division is currently running at essentially break even and provides potential for future growth as the division is in it's infancy.
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