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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject4/17/2002 10:05:58 AM
From: Dave Gore   of 99280
 
SMID WATCH --- 30,000 buy @ $1.99; PE=3.3 (see news below)

just posted on the Gore thread: worth watching...

Needs to break $2.00, then 2.05 and it is probably going to be a momo. It deserves to be a longer term holding but with so few shares O/S (i.e. 3.3M and even lower float), I have no idea what this could do, if it really gets noticed.

SMITH-MIDLAND CORPORATION - Record Results for the Year Ended December 31, 2001 With Revenues - of $26,855,190 and Net Income for the Year of $1,993,993
New York, New York, Apr 08, 2002 (Market News Publishing via COMTEX) -- Smith-Midland Corporation announced that the Company reported record revenues of $26,855,190 for the year ended December 31, 2001 compared to $16,157,629 for the prior year, an increase of 66%.

The Company also reported record net income for the year ended December 31, 2001 totaling $1,993,993, or $0.65 per basic and $0.58 per diluted share, compared to net income of $593,373, or $0.19 per basic and diluted share, for the year ended December 31, 2000.

Do your own DD and check the complete PR and news stories, filings, etc.
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