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December 6, 2005 Stock Pick: Katy Industries, Inc. (KT)

Stock Price: $2.68

Katy Industries, Inc. is organized into two operating groups, Maintenance Products and Electrical Products, and a corporate group. The company's other operations include a shrimp havesting, farming operation, energy operation, and waste-to-energy facility operator.

For the most recent quarter, the company reported revenue of $140.5 million and net income of $1.33 million. Sales were up $5.1 million from the same period last year as the company attempts to capitalize on their leaner, and more stabilized facilities. There is $8.5 million in cash on hand moving forward as the company comes out of its restructuring.

There are currently 7.95 million shares outstanding. KT has a book value of $7.54 and has resumed its $5.0 million share repurchase plan. The company has a market cap of only $21.31 million, KT is severely undervalued at its current price.

KSW is significantly undervalued at a market cap of only $28.20 million.

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