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Teledyne Technologies Inc. Message Board

  • ShrewdCurmudgeon ShrewdCurmudgeon Nov 13, 2007 4:14 PM Flag

    Beautiful, huge profits

    Beautiful, huge profits from TDY's latest report

    I’ve been so busy with other things that I hadn’t seen the beautiful TDY earnings until now.

    Take a look at the trend in net income:
    Sep-Dec 2006: $18.9 million
    Jan-Mar 2007: $20.5 million
    Apr-Jun 2007: $24.3 million
    Jul-Sep 2007: $27.1 million

    This company is doing fantastic! TDY has more than 2X the annual income it had just 2 years ago. Every quarter is profitable and every quarter is growing earnings strongly. I see some analysts are projecting earnings of $3 per share for next year. This is far better than expected just a few months ago.

    With annual net income going over $100 million per year, tangible net assets growing significantly every year, and cash flow from operations of $55 million in the most recent quarter, I believe the company is worth over $75/sh.

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