Sharck: C&D Technologies (CHP) -- worth a look.
CHP makes integrated reserve power systems for telecommunication, electronic information and industrial applications. It also produces high frequency switching power supplies. In short, it is a company in the "reliable power" sector, same sector as PWER.
Stock recently reported earnings with sales increasing 29% YOY and earnings up 74%, beating Banc of America earnings estimate by 7 cents (.61 vs .54 est.). Despite this, CHP was downgraded from Strong Buy to Buy by Banc of America because of lack of visibility in the sector and conservative forward guidance. They did NOT, however, state that they would miss earnings next quarter.
Stock sold off 17% today based on downgrade, closing at $28.80 with PE of 17 and PEG of 17/24 = .71. This is ridiculously cheap for a good small cap (757M) company in a good niche that is beating earnings estimates. I bought half a full position just before the close.
This is how I am playing the market for LT holds, looking for overreaction and sell-offs that are unwarranted for solid companies. As always, do your own due diligence, but CHP is worth a look (IMO).
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