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Smith-Midland Corporation Message Board

  • fabulouspoodle fabulouspoodle Apr 2, 2014 12:37 PM Flag

    Great quarter for SMID, strong earngings and positive comments going forward...

    They made .07/share for the December quarter, fully taxed. And tangible book value is $2.34/share, so SMID is not even trading above net assets/share.

    The said that they have increased spending on advertising, marketing, equipment and R&D in 2013, and earnings is strong even with these increased expenses. This spending will continue, but SMID expects to continue to get great returns on these investments going forward:

    "SMC has also increased its advertising budget significantly in 2013 and will continue to do so in 2014 and 2015. This investment is paying off now in the form of the most high quality inquiries for our Precast Products that I have ever seen just as the Great Recession is winding down. This level of inquiries could propel SMC to high levels of production by the third or fourth quarter of 2014 and certainly into 2015 and many years beyond.

    Our R&D efforts are and have been at our highest levels during 2012, 2013, and 2014, bringing what may be our best ‘Blue Ocean’ products ever to market.”

    The March qtr may not be as strong as the rest with the harsh weather, (plus last year they had the presidential innaugaration contract which wont reoccur), but geeze, it looks like they will be able to give great guidance for the rest of the year as the 'record level of inquiries' turn into backlog and sales.

    SMID looks like a good value here.

    best.

 
SMID
2.300.00(0.00%)Dec 22 10:13 AMEST

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