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November 18, 2005

SpeculatingStocks.com Stock Pick: Simclar, Inc. (SIMC)

Stock Price: $3.47


Simclar, Inc. is a contract manufacturer of electronic and electro-mechanical products. The company serves advanced electronics manufacturing services (EMS) to original equipment manufacturers (OEMs). Their products are built to customer specifications and designed for the data processing, telecommunication, instrumentation and food preparation equipment industries.

SIMC is back down to its support after third quarter earnings were announced. Revenue for the third quarter was up 25.4% to $16.6 million. Net income was down to $242,000 from $486,000 for the same period last year. This leaves room for profit growth and share price appreciation.

SIMC is still trading at low P/E of only 15 as revenues continue to grow. There are only 1.7 million shares in the float.

 
     
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