3SOF

Im bullish on highly efficient industrial manufacturing companies. A declining dollar just supports domestic manufacturing as well.

ks - I won't convince not to buy, but WSCI has been a very non-interesting stock up until yesterday.  Dividends come in every 3 months, but overall...

Quote from: Livana on March 21, 2007, 10:59:51 AM
ks - I won't convince not to buy, but WSCI has been a very non-interesting stock up until yesterday.  Dividends come in every 3 months, but overall...

Livana,

Boring stocks can become very intersting in a hurry...especially when they enter a new area of business.

I really like the chart set-up...however...today's action so far has been very un-inspiring.   I think the general market and fed meeting today is holding the stock down.  We'll see.

WSCI moving on up over 5.00 now! This one may be a home run over 10.00 within a year time frame.

WSCI is again looking very interesting.  They see huge 2008 revenues of $10 million just in their new energy business sector according to their latest PR.  I just wonder what energy sector they are talking about since they are a manufacture.  Is it Oil, Gas, Solar or something else   Maybe I'll call them tomorrow.  The market cap is only $18 million

WSI Industries Updates Energy Business Outlook & Announces Earnings Date
Wednesday October 17, 4:15 pm ET

MINNEAPOLIS--(BUSINESS WIRE)--WSI Industries, Inc. (Nasdaq:WSCI - News) today updated their fiscal 2008 outlook on their energy business. Michael J. Pudil, president and chief executive officer, said: "We are pleased to report further progress in our developing energy business. Previously we had announced that we expected WSI's fiscal 2008 sales from it energy business to be about $6 million to $8 million. We now expect that business to be approximately $10 million to $11 million for our year ending in August 2008."

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Pudil went on to say: "When we entered the energy field in the spring of 2007, we were awarded orders on three separate programs. Later in the summer of 2007, a fourth program was secured and added to our business. Today, we are pleased to announce that we have been successful in winning two additional programs. Overall, we have backlog for our energy business out through calendar year 2009." Pudil concluded: "We believe that WSI's ability to take on programs of this magnitude is a positive comment on our financial resources and the technical expertise and commitment of our employees."

The Company also announced that it will release its full year fiscal 2007 earnings on Tuesday, October 23, 2007 after market close.

WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including avionics, aerospace and defense, energy, recreational vehicles, small engines, marine, bioscience and instrumentation.

Quote from: kslifka on October 22, 2007, 09:15:41 PM
WSCI is again looking very interesting.  They see huge 2008 revenues of $10 million just in their new energy business sector according to their latest PR.  I just wonder what energy sector they are talking about since they are a manufacture.  Is it Oil, Gas, Solar or something else   Maybe I'll call them tomorrow.  The market cap is only $18 million

WSI Industries Updates Energy Business Outlook & Announces Earnings Date
Wednesday October 17, 4:15 pm ET

MINNEAPOLIS--(BUSINESS WIRE)--WSI Industries, Inc. (Nasdaq:WSCI - News) today updated their fiscal 2008 outlook on their energy business. Michael J. Pudil, president and chief executive officer, said: "We are pleased to report further progress in our developing energy business. Previously we had announced that we expected WSI's fiscal 2008 sales from it energy business to be about $6 million to $8 million. We now expect that business to be approximately $10 million to $11 million for our year ending in August 2008."

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Pudil went on to say: "When we entered the energy field in the spring of 2007, we were awarded orders on three separate programs. Later in the summer of 2007, a fourth program was secured and added to our business. Today, we are pleased to announce that we have been successful in winning two additional programs. Overall, we have backlog for our energy business out through calendar year 2009." Pudil concluded: "We believe that WSI's ability to take on programs of this magnitude is a positive comment on our financial resources and the technical expertise and commitment of our employees."

The Company also announced that it will release its full year fiscal 2007 earnings on Tuesday, October 23, 2007 after market close.

WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including avionics, aerospace and defense, energy, recreational vehicles, small engines, marine, bioscience and instrumentation.

I just found out earnings are out Tuesday(tomorrow) after hours.  I guess...I'll find out more about the "new" energy sector of their manufacturing.

Earnings were out yesterday....but no information about the energy sector they are in.  Nothing to exciting, so the stock may pull back some today.

Either way I see WSCI as a nice long term play.  Here are the revenues from the past and the projections into the future.  The "new" energy sector should make WSCI a more interesting stock.  As you can see in 2008 revenues increase dramatically from 2007...because of the new energy business they have entered.

Revenues
2003 - 10.7 million
2004- 11.5 million
2005- 15.6 million
2006- 16 million
2007 - 18.8 million
2008 - 28-30 million

Technically...Nothing looks too exciting for this small cap ($15 million)but WSCI is holding up.  I really like WSCI.  They recently bought a 50,000 square foot building in my homestate of Minnesota...Good honest people in Minnesota

I'm really interested in their energy business they've expanded into last Spring.  This is a well run small company...and I think WSCI could be a great long term hold.  But you have to be patient with WSCI.  Only 2.3 million shares outstanding. 

Just keep a heads up on this one going into the new year.  These small float stocks can run up 50 to 100% on any news.  Cheers

Kslifka, I really like them too. I always meant to buy into it, but failed to do so. A year or so ago, the price had moved down below $3, I should have bought into it then. There were concerns that they losing business from their main customer ( I think Polaris). I think that since then they have greatly diversified their business. Thanks for the heads up.

Quote from: BigSully1 on December 05, 2007, 08:21:59 AM
Kslifka, I really like them too. I always meant to buy into it, but failed to do so. A year or so ago, the price had moved down below $3, I should have bought into it then. There were concerns that they losing business from their main customer ( I think Polaris). I think that since then they have greatly diversified their business. Thanks for the heads up.

BigSully1 did you ever buy WSCI??

I bought some a while ago and bought some more in December.  Just kinda forgot about it...until earnings news showed up in my account after hours today.

I like it.  $5.9 million in revenue for the quarter and earned .14/share.

The largest growth is in their energy business.  This low floater should move tomorrow and I'm glad I bought more ahead of earnings.

Quote from: kslifka on January 09, 2008, 04:41:35 PM

Quote from: BigSully1 on December 05, 2007, 08:21:59 AM
Kslifka, I really like them too. I always meant to buy into it, but failed to do so. A year or so ago, the price had moved down below $3, I should have bought into it then. There were concerns that they losing business from their main customer ( I think Polaris). I think that since then they have greatly diversified their business. Thanks for the heads up.

BigSully1 did you ever buy WSCI??

I bought some a while ago and bought some more in December.  Just kinda forgot about it...until earnings news showed up in my account after hours today.

I like it.  $5.9 million in revenue for the quarter and earned .14/share.

The largest growth is in their energy business.  This low floater should move tomorrow and I'm glad I bought more ahead of earnings.

Shouldof, wouldof, couldof, but I didn't dammit. Very nice Kslifka.

Quote from: BigSully1 on January 09, 2008, 04:52:03 PM

Quote from: kslifka on January 09, 2008, 04:41:35 PM

Quote from: BigSully1 on December 05, 2007, 08:21:59 AM
Kslifka, I really like them too. I always meant to buy into it, but failed to do so. A year or so ago, the price had moved down below $3, I should have bought into it then. There were concerns that they losing business from their main customer ( I think Polaris). I think that since then they have greatly diversified their business. Thanks for the heads up.

BigSully1 did you ever buy WSCI??

I bought some a while ago and bought some more in December.  Just kinda forgot about it...until earnings news showed up in my account after hours today.

I like it.  $5.9 million in revenue for the quarter and earned .14/share.

The largest growth is in their energy business.  This low floater should move tomorrow and I'm glad I bought more ahead of earnings.

Shouldof, wouldof, couldof, but I didn't dammit. Very nice Kslifka.

Yeah...If I bought every "wouldof, couldof, shoudof...I would be rich".
I think I say that to myself everyday.

I would have forgot about WSCI too, but I saw it in my account everyday, and I knew earnings were coming up in January since WSCI's quarters end in odd months...like November.  Figured it was a safe bet.

Anyway here's the report:

WSI Industries Reports 45% Increase in First Quarter Sales
Wednesday January 9, 4:30 pm ET

MINNEAPOLIS--(BUSINESS WIRE)--WSI Industries, Inc. (Nasdaq:WSCI - News) today reported sales for its fiscal 2008 first quarter ending November 25, 2007 of $5,975,000, an increase of 45% over the prior year amount of $4,129,000. Net income for the fiscal 2008 first quarter was $387,000 or $.14, an increase of $250,000 over the prior year net income of $137,000 or $.05 per share. Included in the fiscal 2008 first quarter income was a gain on sale of equipment which contributed $98,000 to pre-tax income.

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Michael J. Pudil, president and chief executive officer, commented: "We took another significant step forward as shown by our results from our fiscal 2008 first quarter. Our sales were up 45% from the prior year quarter. We also experienced double digit sales percentage increases in both our recreational vehicle market and energy businesses versus the fiscal 2007 fourth quarter. Our net income excluding the gain on sale of equipment more than doubled over the prior year." Pudil went on to say: "Our energy business maintained its growth as sales exceeded $1.4 million for the fiscal 2008 first quarter. As previously reported, we continue to believe that we will have sales in fiscal 2008 of $10-$11 million in this business alone. In addition, we are very pleased with our results as we feel our investment in new equipment and technology over the past year as well as the addition of key employees has paid off. We are positive about the future and believe that we will show continued improvement going forward."

The Company also announced today that its Board of Directors has declared a dividend of $.0375 per share. The dividend will be payable February 6, 2008 to holders of record on January 23, 2008.

WSI Industries, Inc. is a leading contract manufacturer that specializes in the machining of complex, high-precision parts for a wide range of industries, including avionics and aerospace, energy, recreational vehicles, small engines, marine, bioscience and the defense markets.

The statements included herein which are not historical or current facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. There are certain important factors which could cause actual results to differ materially from those anticipated by some of the statements made herein, including the Company's ability to retain current programs and obtain additional manufacturing programs, and other factors detailed in the Company's filings with the Securities and Exchange Commission.

WSI INDUSTRIES, INC.
                     
CONSOLIDATED STATEMENT OF OPERATIONS (unaudited)
In thousands, except per share amounts
               
         First quarter ended
         November 25,       November 26,
         2007       2006
Net Sales       $5,975          $4,129    
Cost of products sold       4,856            3,418    
Gross margin       1,119          711    
Selling and administrative expense       577          462    
Gain on sale of equipment       (98    )       -    
Interest and other income       (22    )       (16    )
Interest and other expense       67            45    

Earnings from operations before income taxes
      595          220    
Income taxes       208            83    
Net earnings       $387            $137    
               
Basic earnings (loss) per share       $0.14            $0.05    
               
Diluted earnings (loss) per share       $0.14            $0.05    
               

Weighted average number of common shares outstanding
      2,724          2,681    
               

Weighted average number of dilutive common shares outstanding
      2,804          2,716    
               
               
CONDENSED BALANCE SHEETS (Unaudited)
In thousands
         November 25,       November 26,
         2007       2006
Assets:             
Total Current Assets       $6,882          $5,219    
Property, Plant, and Equipment, net       5,565          3,493    
Intangible Assets, net       3,079            3,631    
   Total Assets       $15,526            $12,343    
               
Liabilities and Shareholders' Equity:             
Total current liabilities       $3,078          $2,187    
Long-term debt       4,243          2,612    
Shareholders' equity       8,205            7,544    
   Total Liabilities and Shareholders' Equity       $15,526            $12,343    

Finally getting some attention this afternoon.  Hit a high of $7.23.  Would be nice to close above $7.10.

Great Strength in this market sell-off.  I hope it can break 7.85.

WSCI...keeps going with above normal volume.