NN inc (NASDAQ:NNBR)

Earlier today, we began tracking NNBR due to:

• Bullish commentary in its financial press release issued on August 11, 2010.

"For the second half of the year, we are forecasting continued strong customer demand for our products. Traditionally, in terms of revenues, our third quarter is our weakest quarter due to seasonality factors. Historically, our third quarter has been down sequentially versus the second quarter in a range of 8% to 10%. However, based on continued strong customer demand, we are anticipating a third quarter with sales only slightly down from second quarter levels with continuing good demand through the end of the year. We therefore are revising our previous guidance of $315 million to $335 million in revenues to a range of $350 million to $360 million in revenues for the full 2010 year. The midpoint of our guidance reflects the assumption that during the second half of 2010 we will see revenues in line with our experience during the first half of the year. We are encouraged by the pace of the recovery and the significant improvement we have experienced in profitability and corresponding cash flows during the first half of 2010. We look forward to the last half of 2010 with some level of confidence that the global economic recovery will continue to provide a level of demand that will return NN to solid levels of profitability moving forward."

• EPS Estimates that point to some strong growth for the back half of 2010, where the company is expected to report EPS of $0.34 compared to a loss in EPS of $(0.53) in the same period in 2009.
  
• At $7.30, the stock has pulled back from a recent high of $8.42, which could give investors a chance to enter a stock that is selling at a P/E of 10 on 2010 EPS estimates of $0.73. 

Please note that EPS comparisons will become more challenging starting in the second half of 2011.