LMIA, supposedly a Coolcat Pick, as per yahoo message board...
LMIA featured in latest Coolcat report
by: lowfloatguru (42/M/New York , N.Y.)
Long-Term Sentiment: Strong Buy 12/11/05 05:24 pm
Msg: 5263 of 5264
THIS WEEK'S NEW STOCKS
These are stocks which meet criteria that have been present in top winning stocks. Prices are as of Friday's close.
LMIA Aerospace (Nasdaq: LMIA)
Price: 14.19 * 52-Week High: 14.69 * 52-Week Low: 4.16
Aerospace/Defense Equipment * 30-Day Avg. Daily Volume: 168,000
Market Cap: $118 million * Float: 4.0 million shares
Price-to-Sales Ratio: 1.27 * PE: 31 * 50-Day MA: 9.66
LMI Aerospace is a supplier of quality components to the aerospace and technology industries. The company operates eight manufacturing facilities that fabricate, machine, finish, kit, and integrate formed, close tolerance aluminum and specialty alloy components for commercial, corporate, regional and military aircraft, for laser equipment used in the semiconductor and medical industries, and for the commercial sheet metal industries.
The company announced increased third-quarter sales and earnings on Nov. 10. Revenues were $24.3 million, up 5% from $23.0 million for the same quarter in 2004. Net income was $1.3 million, or $0.16 per share, compared to $1.1 million, or $0.14 per share, in the third quarter of 2004.
LMI is benefiting from increased production rates of both commercial and corporate aircraft combined with new programs, such as the company's Sikorsky and Vought projects for the Blackhawk helicopter. The company's current backlog is at a record high of $112 million.
The company expects full-year 2005 sales of approximately $100 million and has increased its forecast for 2006 sales to a range of $120 million-$135 million, based primarily on existing contracts with its customers, increased production rates and newly awarded business.
LMIA previously made our screens in November 2004, but was stopped out of our Small Investor Portfolio in July. We probably should have gotten back into it when it staged a fresh breakout in November just below $10.