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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (35701)	10/15/2009 12:25:39 PM
From: Madharry	Read Replies (2) \| Respond to of 78752

i sold because of technical considerations, i'm on margin and trying to stay disciplined in my approach. had a profit there and decided to take it. I was also unhappy with management as they not only cut the dividend but didnt try to repurchase shares either. I was happy enough to move the proceeds into that canadian ag fund selling at a 30% discount, increase my position in pwe and start a position in intc.

To: Paul Senior who wrote (35701)	10/19/2009 7:04:45 AM
From: leigh aulper	Read Replies (2) \| Respond to of 78752

speaking of microcaps, the best one I know of out there is CVU (CPI Aerostructures ) CPI Aero produces structural aircraft parts for the U.S. Air Force, other branches of the armed forces, and leading defense contractors. It supplies such programs as the C-5 cargo jet, the T-38 Talon jet, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS jet, the UH-60 Black Hawk helicopter, the Sikorsky S-92 helicopter, the Gulfstream G650, and others. The stock trades on the American Stock Exchange with approximately 6 M shares outstanding and a float of 4.5M shares. This is a thinly traded stock with an average daily volume of well under 15,000 shares. For a tiny company there is a nice level of institutional ownership and insiders hold a sizeable amount. There are no analysts currently covering the stock, but the CEO is unusually candid and has given guidance for the next three years, which he has recently confirmed. I suggest you listen to his last conference call and his recent presentation at the Cowen conference. Both can be found on their website. cpiaero.com The Company has made great strides in the last two years. Revenue in 2006 was $17.9M and grew to $28M in 2007 and 2008 revenue is projected to be $35M. This would represent an annualized growth rate of 40%. Net income (loss) in 2006 was ($1.3M) and grew to $1.9M in 2007, and the company is projecting 2008 net income of $2.6M, a year-over-year increase of 37%. In the recent earnings release, Edward J. Fred, President and CEO, supplied quite a bit of detail concerning recent contract awards and, based on these and on other long-term information currently available, he provided a long-term outlook for 2009 through 2011. He projects 2009 revenue to be in the range $42M-$45M with net income in the range $3.9M-$4.3M. Furthermore, using 2008 as the baseline, and for the three-year period ending in 2011, he projects an annualized growth rate for revenue in the range 30%-35% and an annualized growth rate for net income in the range 50%-60%. In the lastest conf call for 6/30/09 he reaffirmed all the above numbers and even gave reasons why and how he could exceed them significantly Even in this lousy environment you would expect the Company's price to have done much better, but based on 13 g's recently filed, it appears some of the Company's largest holders have had to reduce some of their positions, creating market headwinds. (also, the yahoo board does a good job of following this company.