SMTX

[stocky]

I'm also turning short term bearish on the general market, don't like recent developments, so I'll dump shares at first sign.

I will sell SMTX at today's open or little after.

So whats the recommended strategy now? Buy / Sell / Hold   FOR OTHER STOCKS?

Also whats your take on the oil bubble and oil related stocks?

[AussieTrader]

I am holding this one as long as $3 provides its support. $3 is a key pysch number that has held OK for 2 weeks or so now, but the stock needs to react off of $3 soon for me rather than just resting on it.

[nikao]

I am holding this one as long as $3 provides its support. $3 is a key pysch number that has held OK for 2 weeks or so now, but the stock needs to react off of $3 soon for me rather than just resting on it.

Im holding as well. Yesterday we went down to even 2,84.. but just when I was about to sell it surged back up above 3.... so I'm still in

[nikao]

open at 2,81 got me a little scarred I must admit, but right about the time I thought..that's it.. Im out, it surged up again to an high of 3,22! to close at 3,12 which made me happy again..

so Im still in

[molly]

I have smtx at $3.24.  ouch!...It has dropped drastically today on low volume.  Does anyone have an opinion about this stock?  I'm new to this board.  Help!

[freimuch]

david it might be a good time to get back into smtx   3 white candles  even though vol. stinks  regards

[actrader]

Keep a watch on SMTX.  Traded up 18% yesterday on 2.5x average 10 day volume.  Top 5 Nasdaq percentage gainer.  As high as 2.88 in AH making total 30% gain yesterday.  Could gap up this morning.  However, all this on no news.     Could be time to test metro's gap up strategy at the open.  Trade as you see fit.

actrader

[usedcasting]

Am I missing something here. Down 50% off it's high yet last quarter was second positive quarter.

David, just wondering what you think. Much appreciated!

uc.

[harristime]

Unfortunately I never sold SMTX, and now it's 1.48.  Does anyone have any advice?

[kslifka]

Jumped in SMTX after hours.  Great Earnings report.

The stock has been trading sideways for the last year.

http://biz.yahoo.com/prnews/070313/to452.html?.v=13

Reports double digit growth in revenues and record earnings

TORONTO, March 13 /PRNewswire-FirstCall/ - SMTC Corporation (Nasdaq: SMTX, TSX: SMX) ("SMTC"), a global electronics manufacturing services provider, announced today its results for the fourth quarter and year ended December 31, 2006 which are expressed in US dollars.

    Fourth quarter and full year highlights

    -   Growth in fourth quarter revenue to $76.1 million, a 31% increase
        over fourth quarter 2005.

    -   Net income of $2.1 million for the fourth quarter, an increase of 49%
        compared to the fourth quarter of 2005.

    -   EBITDA(x) of $5.3 million in the quarter, representing a 66% increase
        over the fourth quarter of 2005.

    -   Growth led by strengthening diversified customer base of both
        long-standing and new customers.

    -   Full year revenue of $262.8 million, an increase of $34.0 million, or
        15% over 2005.

    -   Record net income for the full year 2006 of $10.5 million, including
        one-time items of $5.0 million compared with a loss of $0.1 million
        for 2005

    -   EBITDA(x) of $16.0 million for the full year 2006, representing a 78%
        increase over 2005. The full year EBITDA(x) for 2006 excludes the
        impact of one-time items.

SMTC Corporation reported revenue of $76.1 million and net income of $2.1 million, or $0.14 per share, for the fourth quarter ended December 31, 2006, compared with revenue of $58.1 million and net income of $1.4 million, or $0.10 per share, for the fourth quarter of 2005. Revenue for the year ended December 31, 2006 was $262.8 million and net income was $10.5 million, or $0.71 per share compared with revenue of $228.8 million and net loss of $0.1 million, or $0.01 per share for 2005.

Gross profit was $7.7 million, or 10.1% of revenue, and $26.4 million, or 10.1%, for the fourth quarter of 2006 and year ended December 31, 2006, respectively. This compared with $4.9 million, or 8.4% of revenue, and $17.1 million, or 7.5% of revenue, for the fourth quarter and year ended December 31, 2005, respectively.

"Our strong fourth quarter results cap a very successful year for SMTC. For the first time since the year 2000, the Company grew year over year revenue reflecting a combination of growth from long-standing customers and the effect of new customer additions in 2005 and 2006", stated John Caldwell, President and Chief Executive Officer. "As important, SMTC produced seven consecutive quarters of profitability culminating in record net income for 2006."

"Strong fourth quarter and full year gross margins reflect the strength of our business model and continuing diligent cost containment measures", stated Jane Todd, Senior Vice President Finance and Chief Financial Officer. "The Company generated significant cash flow from operations which was invested in working capital and assets to support current and anticipated future growth."
Only concern is debt and possible dilution coming.