WSCI – WSI Industries Inc

Nice find! I think that the real kicker will come if analysts get a hold of this and institutions start buying it up. Big drop today though..anything to worry about?

Very good points about analyst coverage – I did not know that. I have been watching this stock since it broke above $9. It is also a 99/99 IBD stock now that should debut at the top of the IBD 100 list if it breaks above $15. I would look at any pullback to the 9 or 20 day moving averages as possible buys as long as these areas hold.

I’ve been following this stock for almost 18 months now and it’s a great company. It wasn’t widely followed for a very long time, because the company didn’t really want to grow and diversify its portfolio. In 2004, the company brought on two new directors and commitment to expand its business. They started small, by winning small sub-contracts in defense, aerospace and medical. In 2006, they started gaining contracts in the energy field and those small contracts have expanded to $19M sales in energy alone for 2009.

The EPS estimates (based on company disclosures) places the 2008 earnings at .50-.60 and 1.00 – 1.10 for 2009. Granted the stock has a low float, but I would expect the company to issue more stock (or split) to get out of micro-cap status, it only has a $35M market cap (2.7M float). It does pay a dividend, currently at .0375/share and has paid every Qtr since July’03.

Last Qtr saw margin increase to 21.7%, an all time best.

Also, Institutional & Mutual Fund Ownership has increased to 7.5%, up from 3.5% the previous Qtr.

Lot of things to like about it, especially if it gets the IBD exposure. Market has to cooperate though I think.

Great Pick Johns…I got in at 12 after I saw this post and sold half on Friday. Do you plan on riding this one ?

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I had a good run out of it early this year on the break of $7.00 to $11.00. Looks like we’re back down to the 7.00 level. On Balance Volume is falling so the sellers have this one by the balls. It may well bounce off that 7.00 support in the next few days but I would not gamble on it. Much better looking charts out there. Have a look at http://www.sharesmadeeasy.com – a free trader’s blog that highlights entry signals into other strong, trending stocks.

darvastrader

It’s WSCI’s time now. Polaris and GD came out with strong reports. This will bode well for WSI’s earnings. good move today, more to come.

Wonderful, I hope the same best work from you in the future as well.

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