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Newport Corp. Message Board

  • risingmojo77 risingmojo77 Oct 16, 2012 4:43 PM Flag

    Reiterate - Strong Buy

    I said 6 months ago that if you are long NEWP, then it was a good buy below $14.50. At the current $10-11 range, this is a screaming buy IMHO. A $400+ million market cap for a company consistently producing over $600 million in sales makes no sense. NEWP has increased its sales 30% since 2010, paid off $35 million in debt in the first 6 months of this year, and announced a plan to save $15 million per year going forward. From the current PPS, shares could double in the next 12-18 months.

    Sentiment: Strong Buy

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