DXP Enterprises, Inc. Message Board

let me also add...we did not have any run up on these earnings...here more to read...this one comes from dutton..


01/14/2008
DXP Enterprises: Rating Upgraded To Strong Buy With $60 Price Target
DXP Enterprises' shares have pulled back 25% from the closing price of November 8, 2007, $53.12, at which we reduced our rating
from Strong Buy to Buy. This decline is substantially greater than the 6% decline of S&P 500 Index during this period. We believe a
combination of profit-taking and concerns about general economic conditions have weighed on DXP stock. However, while fourth
quarter 2007 results, which we expect to be reported in late February, are particularly difficult to estimate as the Company integrates the
large Precision Industries acquisition, we remain confident that DXP will report a solid gain in the period and further earnings progress in
2008. We believe further market penetration, continuing strength in the energy sector, and the defensive characteristics of the food
industry which is an important segment of Precision's business should help shield DXP from any shortfall caused by a modest
weakening in overall economic activity. Our earnings per share estimates remain $0.81 (vs. $0.61) for the 4Q 2007 and $3.46 (vs.
$2.67) for 2008. Our 12-month price target for the shares remains $60.00, and this indicates upside potential from the current price of
50%. As our criteria for a Strong Buy rating is upside potential of over 40%, we are reinstating our Strong Buy rating at this time.


qb