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Gencor Industries Inc. Message Board

  • all4wishes all4wishes May 10, 2008 4:50 AM Flag

    2Q results

    If the after hours drop to 27 continues at the bell, which I hope, I'm going to buy Gencor back. Foolishly I sold it in the teens a month ago.

    Revenues were down slightly, about $1.5M, which represents the price of an average asphalt plant. A company this small, where each sale represents 6-8% of total sales in the quarter, easily can and will have year-to-year skews in revenue growth.

    EPS was hurt by what looks like a mark-to-market adjustment in the value of their marketable securities.

    I would assume the company is still on the acquisition trail, as the pile of cash and no long-term debt is still there.

    If it isn't the biggest gainer in the NASDAQ and NYSE this year (up +200%) it is definitely in the top 5. Profit taking after earnings was expected.

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GENC
10.18-0.01(-0.08%)Aug 29 10:53 AMEDT

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