Here is a stock that I have been following that is on its way back to 3 1/2 and more. Here are some facts:
CADE Library
Note: This CADE report was provided by Archie on1-29-98:
CADE INDUSTRIES INC..............CADE..................http://www.cade-industries.com
Phone # (517) 394-1333
BUSINESS SUMMARY:
Cade Industries, Inc. is engaged in the design, manufacture and repair of high tcomposite components for the aerospace, air transport and specialty industries. For the nine months ended 9/30/97, sales rose 62% to $38.8M. Net income increased from 4655K to $1.6M. Results benefitted from higher unit sales in all of the company's core products. Results also reflected decreased S/G/A expenses as a percentage of revenues.
COMMENTS:
Their is growing strenght in the aviation industry and it is believed that a strong new cycle is under way.
The companys outlook is very positive with the O.E.M. engine and airframe manafacturers continueing to increase production rates which is resulting in increased demand for Cade's products.
For the first nine months:
Revenues increased 62%
Net income up 130%
Earnings up 166%
On November 3,1997 Cade announced that it had acquired Central Engineering Company for approximately 7.7M in cash and 250,000 shares of Cade stock.
Cade believes the acquisition will be accretive to earnings and add $15-20M in annual revenues.
Cade had a backlog of 45 million in June of 1997.
The company is an attractive long term buy and can see earnings of 17 - 20 cents in 1998.
SALES REPORT:
Quarter Ended September 30
..........................................1997......................1996
Sales..........................l3,477,000..................9,162,000
Operating Income..........1,093,000.....................583,000
Net Income......................627,000.....................264,000
Net Income Per Share..........0.03..........................0.01
Shares Outstanding......21,658,000................21,689,000
Nine Months Ended September 30
..........................................1997......................1996
Sales...........................38,785,000.................23,943,000
Operating Income...........2,945,000...................1,379,000
Net Income....................1,635,000.....................655,000
Net Income Per Share..........0.08...........................0.03
Shares Outstanding.......21,684,000.................21,689,000
Closing Price 1/28/98.................2 3/8
52 Week High.............................3.89
52 Week Low..............................1.25
Market Cap.................................54.8 Million
Shares Outstanding.....................21.92 Million
Float...........................................12.50 Million
Earnings (TTM).............................0.10
P E Ratio (TTM)............................23.0
Book Value (MRQ)........................1.03
Price to Book (MRQ).....................2.43
Sales Per Share (TTM)...................2.29
Cash Per Share (MRQ)..................0.03
Total Debt/Equity (MRQ)................0.34)
(MRQ)= Most Recent Quarter
(TTM)= Trailing Twelve Months
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