'WYG manufactures technologically advanced forging and investment casting components, and composite airframe structures for the commercial aviation, commercial power and defense industries. For the six months ended 11/30/98, revenues rose 16% to $428.5 million. Net income rose 7% to $26.9 million. Revenues reflect increased throughput at the Houston and Grafton facilities. Earnings were partially offset by production inefficiencies at certain plants.'
This company is making money, has a long tridition of doing so, has diversified into aerospace and appears to have a bright future. Why has the stock price taken such a beating? PE is less than 8.
What do you all think? |
