stoup 04-Jan-2012 10:48 AM
We will start tracking the $ARTW story again, due to recent news of increased customer order flow (#12868)
04-Jan-2012 10:48 AM
We will start tracking the Art`s-Way Mfg (NASDAQ:ARTW) story again, due to recent news of increased customer order flow.
1/4/2012 - Announces $7 million contract for a modular building complex.
1/3/2012- Announces increased sales orders for Art's Way Scientific for Fourth Quarter 2011
Using the Third Quarter 2011 net profit margins, the $7 million contract announced 1/4/2012 could add $0.20 to $0.24 to EPS. Using current P/E, this would translate to a $5 increase from current stock price. Overall, the tone of the recent news flow has been very bullish. Stock currently trading in low $6 range.
We are coding ARTW a GeoBargin on the radar.