| Balchem reported impressive first quarter numbers per March 02 with sales of $14.4 mio (+80%) and operating income of $2,4 mio (+72%). With yearly earnings of $1.11 the PE is icredibly low around 20. Their propietery operation of encapsoling is being used in the food and feed industry. A look at a three year chart shows a steady incredoble increase giving the stock a beta of only 0.2. The only recomandation I could find was a strong buy howecer without an earning estimate. Does anybody has an idea why this stock is obviously so undervalued? |