MARLTON TECHNOLOGIES , INC.
Marlton Technologies, Inc.(AMEX:MTY) has just reported another strong
year of revenue and profit growth:
Fiscal Year
1996 1995 1994 1993
------- ------- ------ ------
Revenues 38,316 27,672 24,613 19,172
Gross Profit 10,765 7,978 6,856 5,473
Net Income 2,340 1,252 487 ( 222)
Net Income/Share 0.45 0.32 0.12 ( 0.03)
Gross Margin 28% 29% 28% 29%
Net Margin 2% 5% 2% ( 1%)
Percent Change from Prior Period:
Revenues 38% 12% 28% 9%
Net Income/Share 41% 153% n/a n/a
Marlton Technologies, Inc.(AMEX:MTY)custom designs and manufactures
sophisticated trade show exhibits, displays, architectural and museum
interiors, graphics and signage, and provides trade show services
under the name "Sparks Exhibits".
I feel that Marlton is a good investment candidate because;
- It is a profitable and rapidly growing member of an industry
with strong growth prospects.
- Almost all of Marlton's business segments are contributing to
its revenue and profit growth - this is not just the product
of one segment which had a strong year.
- It is using its technologies and resources to expand into
closely allied business segments successfully.
- It appears to be approaching "critical mass" where it can add
revenues without incurring a commensurate amount of additional
overhead.
- The Company has a strong, sophisticated management team, and
a solid plan for growth - and there is tangible evidence that
it is successfully implementing this plan.
It appears that MTY is substantially undervalued at its April 11th
closing price of $3.37, as it can justify a market price in excess of
$6.00 per share.
The Napeague Letter has just updated its in-depth analysis of MTY.
If you would like a copy of this Analysis e-mailed to you, please E-mail
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