Tuesday, January 09, 2007
KEQU
Up 0.5 percent today. Kewaunee Scientific Corp (KEQU) makes the furniture you would find in most science labs. While domestic sales have been weak, sales to Asia have been growing nicely, and the company's profit more than doubled last quarter compared to the previous year. To quote the company's CEO: "Regarding our current fiscal year, we expect the last six months to be profitable and much improved over the same period last year." Despite this improved performance, the stock is still trading below tangible book value. I think there is about $1 of downside with this stock, and perhaps as much as $5 upside.
Disclosure: I am long 2000 shares of KEQU.
Disclosure: I am long 2000 shares of KEQU.
# posted by Stockcoach @ 6:17 PM 
