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Sparton Corp. Message Board

  • alexalekhine alexalekhine Jan 8, 2013 4:03 PM Flag

    Sidoti Conference

    I was fortunate to be able to attend the Sidoti Conference yesterday.

    The company presented at 2:50 pm NYC time and today we have renewed heavy trading in the shares (volume approaching 100,000 for the day as I write).

    Management reiterated a bullish outlook on the company's core sonobuoy business.

    Also, they had positive things to say about the recent acquisition of Onyx, which brought all new customers to the company, including that they anticipate earning at least a 20% IRR (the bottom end of their target range for deals).

    In addition, the facility in Colorado (the Delphi acquisition) is doing well.

    Finally, there was some indication that another attractive acquisition opportunity was perhaps in sight.

    aa

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SPA
27.66+0.42(+1.54%)Apr 17 4:04 PMEDT

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