Early Bird Capital: Ducommun Reports 4Q11 Earnings
Early Bird Capital commented in the report, “Given the miss relative to the Street and the strong likelihood that consensus estimates will come down, we believe the stock will be down today and would use today's weakness to BUY the stock. We also reiterate our $16 target (5.5x 2013E EV/EBITDA).” Ducommun closed yesterday at $14.84.