Your Stocks

[BigSully1]

Here's a real curiuosity ( My spelling doesn't look right) I ran across last night. Does anyone know why this stock should be hung with such a low valuation? Does it deserve it? Could it be that cyclical an industry? I could see where the "portable parking lot" multi-vehicle trailers, would be cyclical with the auto industry, but what about the towing and recovery? it also has global sales. Financials look strong to me, even though rising raw material expenses have been hurting some and may have been unable to pass on to customers, it appears they finished up some major muni and gov contract work in the 2Q, seems management regularly gives a somewhat subdued and cautious outlook, etc. Institutional support is very good. Chart looks pretty ugly. What am I missing, anyone know? ER was out last night and didn't look so bad to me, still turning a nice profit. Seems like some new muni or gov contracts could give a very nice boost. Maybe they should armor plate  their tow trucks, and put some missile launchers on them. Hmmm. Just curious.


MLR - Miller Industries

   
Miller Industries, Inc. manufactures vehicle towing and recovery equipment. It offers various wrecker, car carrier, and trailer bodies. The company's wreckers range from the conventional tow truck to large recovery vehicles of 8 to 75 tons capability that are used to recover and tow disabled vehicles and other equipment. Its car carriers are flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Car carriers are used to transport new or disabled vehicles and other equipment, as well as for transporting vehicles or other equipment over longer distances. The company's multi-vehicle transport trailers are auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. The trailers are used for moving multiple vehicles for auto auctions, car dealerships, leasing companies, and other applications. Miller Industries offers its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brand names. It sells its products primarily through independent distributors in the United States, Canada, and Mexico, as well as in Europe, the Pacific Rim, and the Middle East. The company was founded in 1994 and is based in Ooltewah, Tennessee

[David Randolph]

Year over Year revenue and EPS trends look positive, but as you say, MLR's chart looks awful.

The catalyst for the drop was the following news:

CHATTANOOGA, Tennessee, August 7, 2007 - Miller Industries, Inc. (NYSE: MLR) (the "Company") today announced financial results for the quarter ended June 30, 2007.

For the second quarter of 2007, net sales were $108.8 million, an increase of 18.4% compared with $91.9 million in the second quarter of 2006. Income before taxes rose 20.4% to $7.8 million from $6.5 million in the second quarter of 2006. As previously announced, in 2007 the Company returned to a normalized effective tax rate, which was 37.7% in the second quarter, as compared to 14.6% in the prior year period. Giving effect to the higher effective tax rate, second quarter 2007 net income was $4.9 million, or $0.42 per diluted share, compared with net income in the second quarter of 2006 of $5.5 million, or $0.48 per diluted share.
Costs of operations in the second quarter of 2007 were $93.1 million, compared to $78.1 million in the prior period. Gross profit for the second quarter of 2007 rose 13.5% to $15.7 million from $13.9 million in the second quarter of 2006. As a percentage of net sales, gross margin in the 2007 second quarter was 14.5%, compared to 15.1% in the 2006 second quarter, primarily reflecting a shift in sales mix. However, gross margin in the second quarter of 2007 improved on a sequential basis from 14.3% in the 2007 first quarter.
For the second quarter of 2007, selling, general and administrative expenses were $7.0 million, versus $6.4 million in the prior year period. As a percentage of net sales, selling, general and administrative expenses were 6.5% for the second quarter of 2007 versus 7.0% in the prior year period.

For the 2007 second quarter, the Company reported operating income (earnings before interest and taxes) of $8.7 million, or 8.0% of net sales, an increase of 16.6% over the $7.5 million, or 8.1% of net sales, recorded in the second quarter of 2006.
Interest expense for the Company in the second quarter of 2007 was $882,000, compared to $968,000 in the second quarter of 2006. Total senior and junior debt at June 30, 2007, was approximately $4.2 million, down from $9.6 million at March 31, 2007, and $15.6 million at June 30, 2006. As previously disclosed, on May 7, 2007, the independent members of the Company's Board of Directors, with the consent of the Company's senior lender, approved the repayment in full of the Company's remaining $5 million of junior debt. Additionally, on July 11, 2007, the Company amended its $20 million revolving credit facility and $7 million term loan with Wachovia Bank, reducing the interest rate to LIBOR plus 0.75% to 1.5% a year, from LIBOR plus 1.75% to 2.5% a year, and extending the maturity date of the credit agreement to June 17, 2010.
For the six-month period ended June 30, 2007, net sales rose 20.2% to $222.8 million compared to $185.4 million in the prior year period. Income before income taxes rose 22.5% to $16.2 million, compared with income before income taxes of $13.2 million in 2006. Reflecting the increase in the effective tax rate described above, the Company reported net income of $10.3 million, or $0.88 per diluted share for the first half of 2007, compared to net income for the first half of 2006 of $11.4 million, or $0.99 per diluted share.
"We are pleased with the results of the 2007 second quarter which saw us maintain historically high production levels, reinvest in our business and improve our overall financial strength," stated Jeffrey I. Badgley, President and Co-CEO of the Company.  "During the previous year, we increased production levels to fulfill numerous large orders we received during the past several quarters. During the second quarter, we completed work on the orders for 62 small wreckers for the military and 80 small wreckers for a major municipality, as well as on the orders for the city of New York and DataPath. We also paid down the remainder of the Company's junior debt and in July successfully renewed and amended our senior credit facility, reducing our interest rate on borrowed funds going forward."
Mr. Badgley added, "We continued to work on modernizing our heavy-duty wrecker facility, which remains on schedule for completion this year. Our recently completed small wrecker facility has been performing well, and we look forward to the efficiency, customer service and product quality enhancements that these projects will bring going forward. We were also pleased with our Florida trade show in May, where we demonstrated new products that generated positive feedback from the industry."

Mr. Badgley concluded, "With the completion of the most recent municipal and military orders and with no additional follow-on orders on these contracts to date, our order intake has moderated.  We expect this to cause net sales for the remainder of 2007 to be lower than those achieved during the past several quarters. While we remain optimistic about our ability to secure additional follow-on orders, we cannot predict the success or the timing of any such orders under these contracts.  We continue to be concerned about general economic conditions and the effect they could have on the towing and recovery industry, as well as the level of acceptance by our customers of the 2008 chassis with new engine emission requirements.  Accordingly, we have taken appropriate steps to reduce our production levels and lower our costs for the remainder of the year in response to these uncertainties.  We will continue to monitor our cost structure to ensure that it remains in line with business conditions."

I guess it was the part in bold which caused the sell off ... I remember covering another company with a similar problem, pipeline of new orders suddenly dried, which one was it? I remember it made rail trucks or something similar.

Anyway, here we have another, very low P/E, yet trending sharply down. A long term buying opportunity? Would need more study to have more clues.

[David Randolph]

Look, 3rd quarter results were out yesterday:

• Miller Industries Reports 2007 Third Quarter Results
PR Newswire (Thu 5:00pm)

Revenue and EPS are clearly trending down now. $0.31 EPS in this quarter gives me $1.24 annualized. With the stock trading at $12.47 the earnings multiple is 10.

The question is how much lower will earnings go? Remember that in the 2000-2003 period this company lost big bucks. Is the business that cyclical? Market seems to be discounting losses will appear soon, looks risky.

Perhaps a bounce because the bad news was just out and the stock is oversold, but both technicals and fundamentals point South.

[BigSully1]

Thanks David.

[Houlahan]

Hey BigSully1
Do you ride good ER stocks? If you do, it is a little opposite of what I was doing. Me and a million other people ride and let go before ER. Sounds like you listen and confirm good ER stats and then ride. Thanks in advance for your input. Just trying to learn a little.

[BigSully1]

Hi Houlihan

Sorry about the delayed response, somehow I missed your post. I think you are asking if I if I do ST trades based on good ER's momentum. Rarely I do that, instead I pour through numerable earnings reports in attempt to find new discoveries that I would like to own at some point, and then learn more about and hopefully buy at some point, when the opportunity is right.

You know, July and August was when the last ER's came out and we were going through a correction then also. I found several new discoveries last Q, with not only stellar reports, but also with a history of stellar reports along with other strong fundamentals, than watched in awe as they tumbled down unfairly with the rest of market. This gave me time to study them more and then buy when I felt the time was right at an irresistable price point.

Now the same thing is happening this Q, with this correction. I am still composing a list of several strong new prospects that are again becoming near to what is irresistable buying points (for me).

Fear is a much more powerful emotion than greed and this can be used to advantage, both for buying opps and shorting. I do ST short many stocks based on ugly ER's, ( without even much study) as more often than not, fear will usually drive down the price much faster and farther than is usually deserved.

But what I am really looking for are those great new prospects that  I might want to hold (long) well into the future.

[Houlahan]

Hey BigSull1!,
We are all busy...don't feel bad about a slow response.

Oh my, I agree, Fear is a much more powerful emotion!!

If you feel like sharing with the "family" some of your new prospects, "we" would be honored, or at least I would! I think you list some of them on the good, bad & ugly thread. These days a company can have very good ERs, but you have to listen to their forward statement. Going forward is becoming difficult for some of these companies. CSCO had a good ERs but going forward I think they thought sales would soften. Who knows??

Have a good evening, thanks for your input and answering my questions.

[BigSully1]

A few notable ER's yesterday/today;

yesterday
SCHS,FOSL,MATW,VOD,WMT,GILT,CNST

last night
SSRX, PFSW?

this morn
CSIQ,DWSN,KALU,DSX?

TA had a particularly ugly report yesterday. I am still short on it. Of particular interest/concern was this statement from ER;

"Operating results in our industry for the three months ended September 30, 2007, were adversely affected by slowing economic growth in the United States generally and, in particular, within the trucking industry. We believe that the relative weakness of the U.S. economy, the slowing in the housing market and durable goods orders, and the historically high cost of crude oil, among other factors, have led to reduced demand by shippers for trucks to carry freight. As a result, total miles driven by trucks were down for the third quarter as compared to the prior year quarter. The decline in miles driven by our trucking customers resulted in greater competition within our industry for the fueling customer. Market forces drove diesel and gasoline prices steadily upward throughout the 2007 third quarter; this tends also to reduce demand and to compress our operating financial margins over time. Many U.S. trucking fleets are reporting some reduced ability to pass through the increased cost of fuel to their customers, which has focused the attention of our fleet customers on the cost of fuel and further compressed fuel margins. These negative pressures in the market had an adverse effect on our results for the third quarter and may continue to affect us."

[Houlahan]

Thanks BigSully1!
I see the market is selling a little.
short TA! good. I wish I knew options, I could have covered or recovered some of my loses from GRMN by buying puts. Lot to learn. Call it tuition. 
Forgive me, I did not mean I wish TA to go down, I just thought it was a good call on your part.

[David Randolph]

Thanks BigSully1!
I see the market is selling a little.
short TA! good. I wish I knew options, I could have covered or recovered some of my loses from GRMN by buying puts. Lot to learn. Call it tuition. 
Forgive me, I did not mean I wish TA to go down, I just thought it was a good call on your part.

You can make money from a falling stock just by shorting the stock, you don't need options. I dislike options and warrants, just like stocks ... and oh well, futures

BigSully1, we need to organize this "Your Stocks" and Analysis on Demand ideas better. This will be part of a new "investigation process". I'm working on it and will let you know later.

[BigSully1]

Thanks BigSully1!
I see the market is selling a little.
short TA! good. I wish I knew options, I could have covered or recovered some of my loses from GRMN by buying puts. Lot to learn. Call it tuition. 
Forgive me, I did not mean I wish TA to go down, I just thought it was a good call on your part.

You can make money from a falling stock just by shorting the stock, you don't need options. I dislike options and warrants, just like stocks ... and oh well, futures

BigSully1, we need to organize this "Your Stocks" and Analysis on Demand ideas better. This will be part of a new "investigation process". I'm working on it and will let you know later.

That would be great  David, looking forward to it.

[BigSully1]

An article yesterday in IBD yesterday is compelling me to write about a stock I first discovered  in August on a stellar ER. They also had another outstanding on Nov 2.  IBD did not mention this particular company in the article, but it is worth mentioning here. It's a micro/small cap and thinly traded, although not as thin anymore considering the stock is now $47 and trading with more volume lately.

The stock has an added benefit of global and military sales, in a sector I very much like, again. Highlights from the IBD article at bottom.

ATRO - Index Membership: N/A
Sector: Industrial Goods
Industry: Aerospace/Defense Products & Services
Full Time Employees: 787


BUSINESS SUMMARY   
Astronics Corporation, through its subsidiaries, engages in the design and manufacturing of lighting systems and components, electrical power generation, in-flight control, and power generation systems for the aerospace industry worldwide. Astronics Corporation serves original equipment manufacturers (OEM) in the commercial transport, business jet, and military markets, as well as OEM suppliers and aircraft operators with various products, including cockpit lighting, exterior lighting, cabin lighting systems, and air frame power. The company was founded in 1968 and is based in East Aurora, New York.

http://stockcharts.com/h-sc/ui?s=ATRO&p=D&b=5&g=0&id=p59191861522


Astronics Corporation Reports Third Quarter 2007 Results
Friday November 2, 6:58 am ET 
-- Third quarter net income of $4.1 million vs. $1.6 million in 2006
-- Year-to-date net income of $13.3 million compared with $4.9 million in 2006
-- Sales for 2007 expected to be in the $155 to $160 million range


EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (NASDAQ: ATRO - News), a trusted leader in innovative, high performance lighting, power generation, control and distribution systems for the global aerospace industry, today reported sales of $37.7 million in the third quarter of 2007 which ended September 29, 2007, a 36% increase compared with sales of $27.8 million in the third quarter of 2006. Net income for the third quarter of 2007 was $4.1 million, up $2.5 million from the third quarter of 2006. On a per share basis, earnings were $0.48 per diluted share, or more than double earnings of $0.20 per diluted share in the same period last year.
ADVERTISEMENT


Sales to the commercial transport market led the year-over-year growth by increasing 54% to $23.1 million in the third quarter of 2007 compared with $15.0 million in the same period last year. Cabin electronics products, which provide in-seat power and power for in-flight entertainment systems for commercial aircraft, had sales of $18.8 million, a 63% increase compared with the third quarter of 2006 as many airlines continue aggressive refurbishment programs for older aircraft and new aircraft deliveries increase. Sales to the business jet market improved to $7.6 million in the third quarter of 2007, a 20% increase compared with $6.3 million in the same period the prior year as a result of expanded content on new aircraft platforms and the growth of the market. Military sales increased 10% to $6.7 million.

Peter J. Gundermann, President and Chief Executive Officer of Astronics Corporation, commented, "We continue to see strong demand across the aerospace industry for the full range of our products. We also see an exciting range of new opportunities for the future, though we will need to increase our engineering and development spending to develop them fully. We aim to compel our customers to choose us as partners as they develop new aircraft by offering innovative technology and high-value systems. When we are selected to develop products for an aircraft during its development phase, we can typically count on participating in the program for as long as the aircraft flies."

Costs and Expenses

Gross profit for the third quarter of 2007 was $10.1 million, or a gross margin of 26.9%, compared with $6.1 million, or a gross margin of 22.0%, in the same period the prior year. Gross profit in the 2007 third quarter was positively impacted by a $0.85 million adjustment related to 2007 estimated manufacturing overhead cost absorption. Had this adjustment been made in the first half of 2007, gross margin would have been $0.85 million higher in that period and third quarter gross margin $0.85 million lower than reported. Excluding this adjustment, gross margin would have been 24.6% in the third quarter of 2007. Engineering and Development (E&D) costs in the third quarter of 2007 were $3.8 million compared with $2.5 million in the same period the prior year.

Selling, general and administrative (SG&A) expenses in the third quarter of 2007 were $3.9 million, or 10.3% of sales, compared with $3.5 million, or 12.5% of sales, in the same period the prior year.

Nine-Month Review

Sales for the first nine months of 2007 were $122.0 million, a 49% increase compared with $81.8 million in the first nine months of the prior year. Commercial transport sales in the first nine months of 2007 increased 79%, to $79.4 million compared with the same period the prior year. Business jet sales increased 32%, to $22.0 million, for the year-over-year nine-month period, while military sales remained flat. Strong aircraft production rates, new products and demand for in-seat power and in-flight entertainment systems using Astronics' power systems were the primary reasons for the growth.

Gross margin for the first nine months of 2007 was 27.2% compared with 22.4% in the first nine months of 2006. Operating leverage gained on the higher sales volume was partially offset by E&D expenses of $11.0 million in 2007 compared with $7.7 million in the first nine months of 2006. SG&A expenses for the first nine months of 2007 were $12.6 million, or 10.3% of sales, compared with $9.9 million, or 12.1% of sales, in the same period the prior year. Operating margin for the nine-month period was 16.9% compared with 10.2% in the first nine months of 2006.

Net income for the first nine months of 2007 was $13.3 million, or $1.56 per diluted share, compared with $4.9 million, or $0.60 per diluted share, in the first nine months of 2006.

Capital expenditures for the third quarter and first nine months of 2007 were $1.6 million and $7.6 million, respectively, compared with $0.7 million and $2.3 million in the third quarter and first nine months of 2006, respectively. The year-over-year capital expenditure increases can be attributed to facility expansions and equipment investments for the Company's East Aurora, New York and Redmond, Washington facilities.

Outlook

Bookings were $33.3 million in the third quarter of 2007 compared with $26.0 million in the same period the prior year and $38.7 million in the second quarter of 2007. At the end of the third quarter, backlog was $90.0 million of which $33 million is planned to ship during the last three months of 2007.

Peter J. Gundermann President and CEO, noted, "We now expect sales for the full year to be in the range of $155 million to $160 million, up approximately 40% over our 2006 total of $110.8 million. This will be our third year in a row of strong growth at or above this level. Our early expectations are that 2008 will be another very good year for Astronics, but that our growth rate will likely moderate to a range of 10% to 20%. This preliminary estimate is based on our insight into expected production rates and retrofit programs."

Third Quarter 2007 Webcast and Conference Call

The Company will host a teleconference at 10 a.m. ET today. During the teleconference,

Peter J. Gundermann, President and CEO, and David C. Burney, Vice President and CFO, will review the financial and operating results for the period and discuss Astronics' corporate strategy and outlook. A question-and-answer session will follow.

The Astronics conference call can be accessed the following ways:


The live webcast can be found at http://www.astronics.com. Participants should go to the website 10 - 15 minutes prior to the scheduled conference in order to register and download any necessary audio software.
The teleconference can be accessed by dialing (201) 689-8562 and requesting conference ID number 258587 approximately 5 - 10 minutes prior to the call.
To listen to the archived call:


The archived webcast will be at http://www.astronics.com. A transcript will also be posted once available.
A replay can also be heard by calling (201) 612-7415 and referencing account number 3055 and conference ID number 258587.
The telephonic replay will be available from 1 p.m. ET the day of the call through 11:59 p.m. ET November 9, 2007.

ABOUT ASTRONICS CORPORATION

Astronics Corporation is a trusted leader in innovative, high performance lighting, power generation, control and distribution systems for the global aerospace industry. Its strategy is to expand the value and content it provides to various aircraft platforms through product development and acquisition. Astronics Corporation, and its wholly-owned subsidiaries Astronics Advanced Electronic Systems Corp. and Luminescent Systems Inc., have a reputation for high quality designs, exceptional responsiveness, strong brand recognition and best-in-class manufacturing practices.

For more information on Astronics and its products, visit its website at www.Astronics.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Securities Exchange Act of 1934. One can identify these forward-looking statements by the use of the words "expect," "anticipate," "plan," "may," "will," "estimate" or other similar expression. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially from those contemplated by the statements. Important factors that could cause actual results to differ materially include the state of the aerospace industry, the market acceptance of newly developed products, internal production capabilities, the timing of orders received, the status of customer certification processes, the demand for and market acceptance of new or existing aircraft which contain the Company's products, customer preferences, and other factors which are described in filings by Astronics with the Securities and Exchange Commission. The Company assumes no obligation to update forward-looking information in this press release whether to reflect changed assumptions, the occurrence of unanticipated events or changes in future operating results, financial conditions or prospects, or otherwise.

ASTRONICS CORPORATION 
CONSOLIDATED INCOME STATEMENT DATA 
(unaudited) 
                   
(in thousands except per share data)           
  Three months ended    Nine months ended 
     9/29/2007           9/30/2006              9/29/2007           9/30/2006     
Sales   $  37,724    $  27,752     $  121,967    $  81,847   
Cost of products sold    27,582     21,633      88,740     63,550   
Gross margin    26.9  %    22.0  %     27.2  %    22.4  % 
Selling general and administrative      3,877           3,469              12,557           9,931     
Income from operations    6,265     2,650      20,670     8,366   
Operating margin    16.6  %    9.5  %     16.9  %    10.2  % 
Interest expense, net    396     232      1,072     650   
Other (income) expense      -           (5  )           (11  )        (39  ) 
Income before tax    5,869     2,423      19,609     7,755   
Income taxes      1,743           775              6,287           2,826     
Net Income   $  4,126        $  1,648           $  13,322        $  4,929     
         
Basic earnings per share:   $  0.51    $  0.21     $  1.65    $  0.62   
Diluted earnings per share:   $  0.48    $  0.20     $  1.56    $  0.60   
         
Weighted average diluted shares outstanding    8,605     8,264      8,531     8,210   
                             
Capital Expenditures   $  1,649    $  693     $  7,566    $  2,300   
Depreciation and Amortization     $  876        $  701           $  2,447        $  1,960     
ASTRONICS CORPORATION 
ORDER AND BACKLOG TREND 
                                 
($, in thousands)   2006   2007 
       
  Q1 2006   Q2 2006   Q3 2006   Q4 2006   Twelve Months   Q1 2007   Q2 2007   Q3 2007 
         4/1/06        7/1/06        9/30/06        12/31/06        12/31/06     3/31/07     6/30/07     9/29/07 
Sales     $  25,263     $  28,832     $  27,752     $  28,920     $  110,767     $  42,875     $  41,368     $  37,724 
Net Income     $  1,318     $  1,963     $  1,648     $  807     $  5,736     $  4,695     $  4,501     $  4,126 
Bookings     $  23,850     $  23,929     $  25,985     $  40,411     $  114,175     $  40,351     $  38,711     $  33,347 
Backlog     $  94,706     $  89,803     $  88,036     $  99,527     $  99,527     $  97,003     $  94,346     $  89,969 
Book:Bill    0.94    0.83    0.94    1.40    1.03    0.94    0.94    0.88 
ASTRONICS CORPORATION 
CONSOLIDATED BALANCE SHEET DATA 
(unaudited) 
(in thousands)         
  9/29/2007   12/31/2006 
ASSETS:     
Cash and cash equivalents   $  837   $  222 
Accounts receivable    23,869    17,165 
Inventories    37,800    31,570 
Other current assets    2,931    2,699 
Property, plant and equipment, net    29,057    23,436 
Other assets      9,372      7,446 
Total Assets   $  103,866   $  82,538 
       
LIABILITIES AND SHAREHOLDERS' EQUITY:     
Current maturities of long term debt   $  949   $  923 
Note payable    10,400    8,100 
Accounts payable and accrued expenses    23,542    25,196 
Long-term debt    15,086    9,426 
Other liabilities    7,582    7,545 
Shareholders' equity      46,307      31,348 
Total liabilities and shareholders' equity   $  103,866   $  82,538 
    ASTRONICS CORPORATION     
  SALES BY MARKET   
  ($, in thousands)   
                         
  Three Months Ended   Nine Months Ended   
     9/29/2007      9/30/2006   % change         9/29/2007      9/30/2006   % change      2007 YTD % 
                 
Military   $  6,731   $  6,136   10  %   $  19,696   $  19,724   0  %   16  % 
Commercial Transport    23,116    14,993   54  %    79,433    44,448   79  %   65  % 
Business Jet    7,626    6,340   20  %    21,952    16,668   32  %   18  % 
Other    251    283   -11  %    886    1,007   -12  %   1  % 
                             
Total   $  37,724   $  27,752   36  %   $  121,967   $  81,847   49  %   100  % 
    ASTRONICS CORPORATION     
  SALES BY PRODUCT   
  ($, in thousands)   
                         
  Three Months Ended   Nine Months Ended   
  9/29/2007   9/30/2006   % change   9/29/2007   9/30/2006   % change   2007 YTD % 
                 
Cockpit Lighting   $  10,051   $  8,300   21  %   $  27,064   $  23,582   15  %   22  % 
Cabin Electronics    18,803    11,570   63  %    66,346    32,658   103  %   54  % 
Airframe Power    4,079    3,759   9  %    14,572    12,320   18  %   12  % 
Exterior Lighting    2,353    1,872   26  %    6,437    5,851   10  %   5  % 
Cabin Lighting    2,187    1,968   11  %    6,662    6,429   4  %   6  % 
Other    251    283   -11  %    886    1,007   -12  %   1  % 
                             
Total   $  37,724   $  27,752   36  %   $  121,967   $  81,847   49  %   100  % 




Contact:
Astronics Corporation
David C. Burney, 716-805-1599, ext. 159
Chief Financial Officer
Fax: 716-805-1286
[email protected]

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I'll have to try to find an online link to the entire IBD article, but here are some highlights

"Aerospace Suppliers Risingon Carriers Big Spending Plans"

Global competition forcing U.S carriers" to upgrade their fleets to compete for business on International flights."

"Aircraft are being retrofitted with roomier cabins, wider seats, and new entertainment centers-the kind of perks you would find at many non-U.S airlines."

"The trend has been a boon to companies that supply parts and equipment to commercial airlines. The 51 stocks in the group hit a record high last month. Even after last weeks selloff, the group is up 35% for the year."

"Some of the companies double as defense suppliers, so they've also gotten a boost from heightened military spending."

"They also benefit froma couple of trends in the airline industry. One is a rise in orders for new planes, mainly in overseas markets. The other is an uptick in demand for aftermarket parts in the U.S. and elsewhere."

" the International segment is really driving aerospace orders for the whoile segment-especially markets in India, China, and the Middle East."

"The consensus is we'll probably go out to 2011 before this cycle ends."
-----------------------------------------------------------------------------------------------

No where in the article does IBD mention ATRO, but the last time I looked, IBD had it rated "Best in Group" in all categories. I'll have to check that again and report back.

[BigSully1]

IBD has ATRO rated 99=A+

and is still rated "Best in Group" in technical, attractiveness, and overall ranks, but has fallen to #4 (out of 50) on the fundamental rank. Still the top stock overall.

Couldn't find the article online.

[BigSully1]

Added to my DGLY.ob today.

It seems no one on the members board is at all interested, so I'm going to go ahead and post about it on the public board.

Source: Digital Ally, Inc.


Digital Ally, Inc. Applies to List Common Stock on the NASDAQ Capital Market
Thursday November 15, 8:30 am ET


OVERLAND PARK, Kan., Nov. 15 /PRNewswire-FirstCall/ -- Digital Ally, Inc. (OTC Bulletin Board: DGLY - News), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial security applications, today announced that the Company has applied for a listing of its common stock on The NASDAQ Capital Market.
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"We believe that Digital Ally, Inc. now complies with all of the listing requirements for The NASDAQ Capital Market, and we have filed the appropriate documents with NASDAQ to apply for such listing," stated Stanton E. Ross, Chief Executive Officer of the Company. "In light of the strong sales and earnings growth achieved by the Company in recent quarters, we believe it is appropriate to list Digital Ally's common stock on the widely respected NASDAQ Stock Market. Our goal in seeking this listing is to broaden our exposure to potential investors and improve the trading liquidity of our stock."

Approval of the listing application is subject to a qualitative and quantitative review process by NASDAQ.

About Digital Ally, Inc.

Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial security applications. The Company's primary focus is the field of Digital Video Imaging and Storage. For additional information, visit http://www.digitalallyinc.com

The Company is headquartered in Overland Park, Kansas, and its shares are traded on the OTC Bulletin Board under the symbol "DGLY".

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: the Company's ability to raise sufficient capital to continue to implement its business plan; whether the Company's application for a NASDAQ Capital Market listing will be approved; the Company's ability to have all of its product offerings perform as planned or advertised; whether there will be a commercial market, domestically and internationally, for one or more of its products; its ability to commercialize its products and production processes, including increasing its production capabilities to meet orders; its ability to continue increasing revenue and profits; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; its ability to obtain patent protection on any of its products and, if obtained, to defend such intellectual property rights; the effect of changing economic conditions; and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot always predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.


                 For Additional Information, Please Contact:
                    Stanton E. Ross, CEO at (913) 814-7774
                                      or
   RJ Falkner & Company, Inc., Investor Relations Counsel at (800) 377-9893
                      or via email at [email protected]

[BigSully1]

Just a suggestion for the new "watch list". I don't think everyone should be allowed to start new topics on it, otherwise, it will just become another cluttered, unmanageable board. It needs to be limited, as we need to agree that the stocks are "coveted", but under the right circumstances. I think the stocks should be deemed watchable and wantable before they are ever placed on the "watch" list. They could be pre-approved by David or other moderators, or another way, maybe better, might  be to have some kind of subscriber vote on a list of  prospects that subscribers pitch. Otherwise, I don't see it going anywhere. It's going to have to have some kind of  organization, IMO.