Well, Planar (PLNR) came out with earnings this morning, that just blew me away. I wish I had more of this stock, but who knew how quickly this thing would turnaround. Maybe prior management was not all that bad.
Blog
Archive for January, 2006
T-3 Energy Services (TTES) Withdraws Public Offering
With the release of today´s bullish news by T-3 Energy Services (TTES), it now becomes understandable why the stock has performed strongly thus far in 2006. It also explains why insiders recently excercised options at about $11.40 per share. Bottom-line: Hold on to TTES thru 2006 and buy on dips. With a tiny share float and exposure to one of the hottest sectors, oilfield services, it should be a wild ride.
Planar (PLNR) Raises Guidance
Right after the close, Planar raised EPS guidance for the coming quarter to $0.08 to $0.10 per share. This is up from breakeven expectations a couple of months ago. The reason:
The change in expectations is primarily the result of higher than anticipated sales of higher margin EL and AMLCD display products to Industrial and Medical segments.
My back of the envelope valuation of PLNR, based on the current EPS guidance is at minimum $10 per share. This is based on $0.40 annualized EPS with a 15 multiple plus $4.10 per share in cash. It´s possible the stock moves even higher, if sales guidance and EPS estimates continue to improve in 2006. Hold on to this stock. If you want to read my original analysis of the stock, you can click here.
Interland (INLD) Earnings Update
Interland (INLD) came out with earnings this morning. I just listened into the conference call and still feel that the stock is an excellent "gamble" at current prices. In fact, I picked up some more shares at $3.82.
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