The Napeague Letter gives CADE a recommendation ...
THE NAPEAGUE LETTER
Friday, July 9, 1999
Editor: Bob Davis napeague.com
Cade Industries, Inc. (NASDAQ:CADE)
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The Napeague Letter today published an in-depth Analysis of Cade Industries (NASDAQ:CADE), which can be found on Napeague's web site. To summarize this Analysis:
CADE has been growing extremely rapidly over the last several years, and was number 33 in Fortune Magazine's 1998 ranking of the 100 fastest growing companies in the U.S.
Profit margins have been steadily increasing, as the result of implementing a cohestive strategic plan. In addition, strong operating cash flows have fueled ongoing reductions in its long term debt and a stock buy-back
program.
The market appears to be recognizing the inherent strength of the Aerospace and Defense Industry Segment, as the demand for civilian aviation continues to grow and the need for upgrading U.S. military capabilities becomes more
apparent.
However, CADE appears significantly undervalued, as its market price has not kept up with this growth and its stock has become substantially undervalued.
The Analysis on Napeague's web site includes data,graphics, spreadsheets, and HTML links supporting each of these points.
NOTICE
This analysis is based on publicly-available information, and is in no way warranted by me as to accuracy or completeness. I do not guarantee to advise you as to any change in this information. I currently am not a stockholder in either of the Companies mentioned in this edition of The Napeague Letter, although I may from time to time purchase or sell these Company's securities on the open market. I otherwise have no affiliation with either of these Companies, and I am not compensated by them in any way whatsoever. |
