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NGA is a small company located in Tulsa,OK. They operate 5 or 6 plants around the U.S.
NGA hot dips steel products with a protective coat to prevent corrosion. NGA had about $88 million in sales in 2007,but they netted .72 cents for the year. That gives them a current PE of about 8.5.
NGA says they expect 2008 to out pace 2007. One key factor is zinc prices have dropped significantly but NGA intends to keep their prices stable and thus increase their net income. In 2007 with $ 14.5 million cash flow.they paid off all bank debt.
NGA announced a $ 2 million dollar stock buy this week to increase share holder equity.So,when you look at this company there is a lot to like.
The technical indicators I look at tell me this stock will have some near term upward movement. I,m buying some tomorrow for the contest and my personal portfolio too. The stock is at $6 and I,m looking for 10 to 15% uptick in the next few days. If you take a stand,let me know how you do and I,ll list a couple of new stocks each week.
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Comments (1)
Don,
Good post, this is a welcome relief from GOOG, RIMM, BIDU and GRMN.
I'm adding it to my watchlist.
Tom
Posted by Thomas Armistead | March 14, 2008 2:53 PM