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October 10, 2006 Stock Pick: Highway Holdings, Ltd. (HIHO)

Stock Price: $3.68

Highway Holdings, Ltd. produces a wide variety of high-quality products for blue chip original equipment manufacturers -- from simple parts and components to sub-assemblies. The company also manufactures finished products, such as LED Lights, radio chimes and other electronic product.

HIHO reported net income for the first quarter of $570,000 with net sales of $7.3 million. There is currently $6.6 million in cash and cash equivalents on the balance sheet.

HIHO has only 2.05 million shares in its float while it is trading just above its book value of $3.63.

HIHO is breaking out of its range which it has been stuck in since mid-August. HIHO has made strong moves three times in the last nine months and another is in the making.

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