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March 16, 2006 Stock Pick: ADDvantage Technologies Group, Inc. (AEY)

Stock Price: $5.55

ADDvantage Technologies Group, Inc. sells new, surplus and re-manufactured cable television equipment throughout North America. The company also holds subsidiaries which act as repair centers for various cable companies.

AEY shares recently reached a new 52-wk high of $9.09 on February 3rd. Between $6.50 and $9.00 there was heavy profit taking. These same eyes will come back onto AEY and send it higher from its current level where there is little downside.

AEY reported record first quarter results on February 8 including revenue of $14.8 million and net income of $1.5 million, or $0.15 per diluted share. AEY is trading at a market cap of only $56.64 million and a P/E of 10.89. AEY is currently trading at two times its book value and only 1.08 times sales.

Insiders are holding on tight to their shares currently controlling 52.92% of AEY's 10.1 million outstanding shares. The float is only 4.78 million. AEY will move with little notice and move quick. Those who sold recently are accumulating AEY for another run higher.

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