It's not often you can find a real company with annual, growing revenues of $20-$25 million, only 3.6 million shares, increasing earnings (past 4 qtrs of $0.17/share) trading for $1.00! Even better, its listed on the AMEX where there are no manipulating NASDAQ market makers! JET does not have a sexy business, but a steady one, making electronic power conversion equipment for heavy industry (Catepillar accounts for big chunk of sales). Balance sheet not great but not a liability. This is truely in the land of lost & forgotten stocks. IMO, I'm not suggesting this should be a $10 stock, but $2-$3 is a fair valuation.
Opinions? |