SIF -"SIFCO Industries, Inc. provides various metalworking processes, services, and products. It operates in three segments: Aerospace Component Manufacturing Group, Turbine Component Services and Repair Group, and Applied Surface Concepts Group. The Aerospace Component Manufacturing Group segment manufactures forged components, including equipment manufacturers and aftermarket components for aircraft and land-based turbine engines; structural airframe components; aircraft landing gear components, wheels, and brakes; critical rotating components for helicopters; and commercial/industrial products. It also provides heat-treatment, surface-treatment, and non-destructive testing and select machining of forged components. Turbine Component Services and Repair Group segment engages in the repair and manufacture of aerospace and industrial turbine engine components; performs precision component machining; and applies high temperature-resistant industrial coatings to new turbine engine components. Applied Surface Concepts Group segment provides surface enhancement technologies principally related to selective electrochemical finishing and anodizing. Its principal offerings include the sale of metal solutions and equipment required for selective electroplating, and providing selective electroplating services on a contract basis. SIFCO Industries, Inc. has operations in the United States, Ireland, the United Kingdom, Sweden and France. The company was incorporated in 1916 and is headquartered in Cleveland, Ohio."
from yahoo finance
Market Cap (intraday): 38.96M
Enterprise Value (21-Feb-07)3: 33.62M
Trailing P/E (ttm, intraday): 8.47
Forward P/E (fye 30-Sep-08) 1: N/A
PEG Ratio (5 yr expected): N/A
Price/Sales (ttm): 0.42
Price/Book (mrq): 1.30
Average Volume (3 month)3: 15,736.1
Average Volume (10 day)3: 27,516.7
Shares Outstanding: 5.23M
Float: 2.82M
Link to 10 year earning history
http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=sif&lstStatement=10YearSummary&stmtView=Ann
Chart looks great, volume is picking up as well. Fundamentals are excellent company hasnt diluted in 10 years of history.
Just a little warning...this is a very thinly traded stock.
What looked like a huge volume candle yesterday was only 72k shares..so be careful.
Avg. volume, according to Yahoo! is around 15k shares a day.
Thanks Bjc for adding the low float warning, this popped up on my fundamental filter through MSN screener. I noticed the volume has been picking up with over 70k yesterday. The reason recommend this is the fundamentals are saying good value and the chart is picking up some steam. Also note that SIF is very close to HSR and KRSL (its in the same industry) and has around the same float traded like KRSL and HSR before they broke out big time. Someone is investing in this specific industry it seems... first it was HSR, then KRSL, there may be others in this industry that will perform like HSR and KRSL in the future. SIF has the possibility to be a good gainer if the volume kicks in. Watch for volume if it starts trading +100k for a few days I would take a look at this.
SIF continuing to make 52wk highs. Volume above average by a great deal.
Hey, NULLZERO, hopefully you bought SIF !! Nice earnings today ! RECORD VOLUME !! :o :o
Press Release Source: SIFCO Industries, Inc.
SIFCO Industries, Inc. Announces Fiscal 2007 Second Quarter Financial Results
Friday May 11, 12:51 pm ET
CLEVELAND--(BUSINESS WIRE)--SIFCO Industries, Inc. (AMEX:SIF - News) today announced financial results for its fiscal 2007 second quarter, which ended March 31, 2007. Net income for the second quarter of fiscal 2007 was $2.0 million, or $0.38 per diluted share, compared with a net loss of $0.6 million, or $0.12 per diluted share, for the comparable fiscal 2006 period. Income from continuing operations for the second quarter of fiscal 2007 was $3.0 million, or $0.57 per diluted share, compared with income from continuing operations of $1.1 million, or $0.21 per diluted share, for the comparable fiscal 2006 period. Loss from discontinued operations, net of tax, for the second quarter of fiscal 2007 was $1.0 million, or $0.19 per diluted share, compared with loss from discontinued operations, net of tax, of $1.7 million, or $0.33 per diluted share, for the comparable fiscal 2006 period.
Net sales increased 16.0% in the second quarter of fiscal 2007 to $21.5 million compared with $18.6 million for the same period a year ago. In the second quarter of fiscal 2007, Aerospace Component Manufacturing Group net sales increased by $2.6 million, or 21.7%, to $14.5 million, compared with $12.0 million in the comparable 2006 period. Turbine Components Services and Repair Group net sales decreased in the second quarter of fiscal 2007 by $0.2 million, or 6.4%, to $3.1 million, compared with $3.3 million for the comparable 2006 period. In the second quarter of fiscal 2007, Applied Surface Concepts Group net sales increased $0.6 million, or 17.5%, to $3.9 million, compared with $3.3 million in the comparable 2006 period.
For the first six months of fiscal 2007, net income was $4.2 million, or $0.80 per diluted share, compared with net loss of $2.1 million, or $0.40 per diluted share, for the comparable fiscal 2006 period. Income from continuing operations for the first six months of fiscal 2007 was $4.6 million, or $0.87 per diluted share, compared with income from continuing operations of $0.5 million, or $0.10 per diluted share, for the comparable fiscal 2006 period. Loss from discontinued operations, net of tax, for the first six months of fiscal 2007 was $0.4 million, or $0.07 per diluted share, compared with loss from discontinued operations, net of tax, of $2.6 million, or $0.50 per diluted share, for the comparable fiscal 2006 period. Included in loss from discontinued operations in the first six months of fiscal 2007 was $2.1 million of grant income related to the expiration of certain grants.
Net sales increased 26.8% in the first six months of fiscal 2007 to $40.7 million compared with $32.1 million for the same period a year ago. In the first six months of fiscal 2007, Aerospace Component Manufacturing Group net sales increased by $7.4 million, or 36.7% to $27.6 million, compared with $20.2 million in the comparable 2006 period. Turbine Component Services and Repair Group net sales decreased in the first six months of fiscal 2007 by $0.1 million, or 1.3% to $5.8 million, compared with $5.9 million for the comparable 2006 period. In the first six months of fiscal 2007, Applied Surface Concepts Group net sales increased $1.3 million, or 21.3%, to $7.3 million, compared with $6.0 million in the comparable 2006 period.
SIFCO Industries, Inc. is engaged in the production and sale of a variety of metalworking processes, services and products produced primarily to the specific design requirements of its customers. The processes and services include forging, heat-treating, coating, welding, machining and selective electrochemical finishing. The products include forged components, machined forged components and other machined metal components, remanufactured component parts for aerospace turbine engines, and selective electrochemical finishing solutions and equipment. The Company's operations are conducted in three business segments: (1) Aerospace Component Manufacturing Group, (2) Turbine Components Services and Repair Group, and (3) Applied Surface Concepts Group.
Forward-Looking Language
Certain statements contained in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.
The Company's Form 10-Q for the quarter ended March 31, 2007 can be accessed through its website: www.sifco.com, or on the Securities and Exchange Commission's website: www.sec.gov.
SIFCO Industries, Inc.
Second Quarter Ended March 31, 2007
(Amounts in thousands, except per share data)
----------------------------------------------------------------------
Consolidated Condensed Statements of Operations
Second Quarter Six Months
Ended March 31, Ended March 31,
----------------- -------------------
2007 2006 2007 2006
-------------------------------------
Net sales $21,520 $18,553 $ 40,656 $32,057
Cost of goods sold 15,728 14,858 30,683 26,387
Selling, general and
administrative expenses 2,678 2,594 5,278 5,180
Gain on disposal of operating
assets 4 4 4 4
Operating income 3,110 1,097 4,691 486
Interest expense (income), net 38 8 52 (3)
Foreign currency exchange loss
(gain), net (1) 3 (8) 11
Other income, net (4) (37) (33) (39)
Income from continuing
operations before income tax
provision 3,077 1,123 4,680 517
Income tax provision 81 7 112 20
Income from continuing
operations 2,996 1,116 4,568 497
Loss from discontinued
operations, net of tax (970) (1,749) (365) (2,596)
Net income (loss) $ 2,026 $ (633) $ 4,203 $(2,099)
Income per share from continuing
operations:
Basic $ 0.57 $ 0.21 $ 0.87 $ 0.10
Diluted $ 0.57 $ 0.21 $ 0.87 $ 0.10
Loss per share from discontinued
operations, net of tax:
Basic $ (0.19) $ (0.33) $ (0.07) $ (0.50)
Diluted $ (0.19) $ (0.33) $ (0.07) $ (0.50)
Net income (loss) per share:
Basic $ 0.39 $ (0.12) $ 0.80 $ (0.40)
Diluted $ 0.38 $ (0.12) $ 0.80 $ (0.40)
Weighted average number of
common shares (basic) 5,230 5,222 5,228 5,222
Weighted average number of
common shares (diluted) 5,276 5,228 5,254 5,225
----------------------------------------------------------------------
Business Segment Reporting
Second Quarter Six Months
Ended March 31, Ended March 31,
----------------- -------------------
2007 2006 2007 2006
-------------------------------------
Net sales
Aerospace Component
Manufacturing $14,563 $11,962 $ 27,555 $20,159
Turbine Component Services
and Repair 3,084 3,294 5,814 5,893
Applied Surface Concepts 3,873 3,297 7,287 6,005
Consolidated net sales $21,520 $18,553 $ 40,656 $32,057
Operating income (loss)
Aerospace Component
Manufacturing 2,905 990 4,554 1,082
Turbine Component Services
and Repair 141 166 (22) 66
Applied Surface Concepts 404 103 787 37
Corporate unallocated
expenses (340) (162) (628) (699)
Consolidated operating
income from continuing
operations $ 3,110 $ 1,097 $ 4,691 $ 486
I wish I did for a few % of course I never hold im changing my strategy though
Bought 1000 shares at the low $19s.
It's going on strong.
Ram
There is already another SIF thread !! >:( :-X
Oops! Sorry... Please forgive me Dave and Ramsburg.
Go SIF!
Ram
"SIF" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;)
I see $20 soon.
My little pet position is making some progress today.
EARNINGS: $.57 EPS from continuing operations last quarter (about $2.3 PER SHARE ANNUALIZED?).
Based on $2.3 Forward EPS, SIF trades at 9 forward PE compared to 25 Sector average.
http://finance.yahoo.com/q/co?s=SIF
TINY FLOAT: 48% owned by institutions- 24% by insiders
$5 PER SHARE LIQUID ASSETS: After Trubine divison sale, SIF will have $27 MM net working capital or $5 PER SHARE with no significant debt. That means the market is valuing SIF non cash assets at $13, or about 6 X forward earnings.
In summary, SIF has all the ingredients for price appreciation!!!!
jmho
http://www.marketmasters.org/modules/AMS/article.php?storyid=45
Quote from: miris on May 28, 2007, 03:30:45 PM
EARNINGS: $.57 EPS from continuing operations last quarter (about $2.3 PER SHARE ANNUALIZED?).
Based on $2.3 Forward EPS, SIF trades at 9 forward PE compared to 25 Sector average.
http://finance.yahoo.com/q/co?s=SIF
TINY FLOAT: 48% owned by institutions- 24% by insiders
$5 PER SHARE LIQUID ASSETS: After Trubine divison sale, SIF will have $27 MM net working capital or $5 PER SHARE with no significant debt. That means the market is valuing SIF non cash assets at $13, or about 6 X forward earnings.
In summary, SIF has all the ingredients for price appreciation!!!!
jmho
http://www.marketmasters.org/modules/AMS/article.php?storyid=45
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