PRLX, a producer of flexible circuits and laminated cable, is outstripping last year in terms of both revenues and EPS. "Record sales resulted from increased shipments across several product lines," and this company has already ramped up production for a major telecommunications project. A major multinational automotive supplier has selected Parlex to provide flexible circuits to their worldwide market beginning in late 1997. This contract will utilize their proprietary technology.
This company has had 9 consecutive quarters of revenue growth and its first two quarters earnings per share have already matched all of 1996. The stock has recently climbed from $10 to $17-18 per share.
I would be interested in hearing from others about PRLX.
Stephen |
