After watching this company for a year or more, the opportunity to get in at the 52 week lows has presented itself. Prudential issued a STRONG BUY this morning and the Motley Fool has given it the following blurb:
Metal halide lighting products manufacturer Advanced Lighting Technologies (Nasdaq:ADLT - news) jumped $3/4 to $12 7/8 as Prudential Securities raised its rating the company's shares to "strong buy" from "accumulate" after the company yesterday reported fiscal Q4 EPS of $0.21. That was up from $0.19 in the same year-earlier period and in line with analysts' expectations. Revenues more than doubled
to $53 million from $25.4 million a year ago.
This company has excellent products and has been the subject of articles in Forbes over the past couple of years. Growth has been steady and strong. It was trading in the 20's a short time ago and Raymond James in Feb 98 gave it a 35 price target...That is probably quite high for the moment...but a target of 20 again is quite likely.
Some Links
biz.yahoo.com
dailystocks.net
chart3.bigcharts.com:80/report?r=qchart&onbad=qbadsymbol&country=us&symb=adlt&time=8&qchart.x=43&qchart.y=24&sid=15812&sec=c&xyz=156077278&s=3621
All comments welcome...
chris considine |
