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June 7, 2005 Stock Pick: Simclar, Inc. (SIMC)

Stock Price: $3.44

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 soared on March 31st to $7.88 on 6.5 million shares traded after record 2004 earnings were announced. The drop since early April has been equal in scale returning SIMC to the same levels as before fiscal 2004 earnings. On May 16th, the company announced a lower than expected Q1 profit, but that profits should return to normal as a two of their manufacturing facilities improve. Revenue was 12.36 million for the first quarter of 2005.

SIMC is considerably undervalued, trading at .42 times 2004 sales and a low P/E of 10. There are only 1.68 million shares in the float. Volume over 100,000 could send this stock soaring. Its only a matter of time before it becomes discovered.

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