cliffvb re ERS:
According to briefing.com, posted on Yahoo message board:
"17-May-05 14:49 ET In Play Empire Resources -- New High Profile (ERS) 5.20 +0.10 : Making a new 52-week high today is Empire Resources, a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries. Last night, the co reported another strong quarter with EPS of $0.23, more than double the $0.11 earned in the year ago period. Helping to keep costs low is that the co does not typically purchase inventory for stock; rather, it places orders with its suppliers based upon orders that it has received from its customers. This way the co avoids commodity price fluctuations and does not incur inventory costs. Investors are impressed with the steady EPS growth with results of $0.49, $0.37 and $0.23 the last three years. Also, if Q1 is an indication, the co is on track to beat last year's mark. There are no analyst ests, but even assuming flat yoy results the last 3 qtrs would be EPS of $0.61 for a p/e below 10x."
This and a dividend too.
Steve
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