This somewhat volitale stock has treated me well over the last yr or 2. I am now short, valuation is no longer dirt cheap although it still remains somewhat inexpensive. concerns are the layoffs in the defense section of Sypr. I beleive that multiple defense contracts were priced in. Also, possible slowing in the automotive sector of the economy. keep in mind that the big order and excellerated order from GM was instantly priced in here. With troubles in those 2 dividions, sypr needs huge orders in their smaller businesses in order to not dissappoint on earnings. I have not seen any big news lately either which is another concern. Good luck to all and please give your input either way. Thanks
Yes, I am going to cover around $16 and I would start dipping my feet in the water and buying around $15 and hold off till the next cc/earnings announcement. Valuation is starting to look nice, chart is looking ok, if defense business picks up thats a sign to get in and if automotive doesnt weaken considerably. Any growth in other segments is just bonus. Thats all I have for now, not much time gtg.