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Xerium Technologies Inc. Message Board

  • cualchemist cualchemist May 1, 2012 9:41 PM Flag

    About to breakout

    This stock is so under-priced. Debt fear is way too much, many companies even have lot higher debt. XRM is profitable, debt will be managed over time. This is a great 52 wk low opportunity. My short term target $10.

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    • XRM is profitable? Please have a look at their own comments from the fourth quarter results:

      "Gross margins decreased 13.9% to $50.2 million for the fourth quarter of 2011 from $58.3 million for the fourth quarter of 2010. As a percentage of net sales, gross margins declined to 34.6% of net sales for the fourth quarter of 2011 as compared to 40.3% of net sales for the fourth quarter of 2010."
      another one:
      "Adjusted EBITDA (as defined by the Company's credit facility) decreased 35.7%, or $12.6 million, to $22.7 million in the current quarter from $35.3 million in the fourth quarter of 2010."
      http://phx.corporate-ir.net/phoenix.zhtml?c=179598&p=irol-newsArticle&ID=1672283&highlight=

      Sure, many companies have higher debt than them. But if a company isn't profitable and doesn't have a strong chance of becoming profitable and borrows cash to survive, then thats a different story.

      hope you reach your target of $10.

 
XRM
8.85-0.11(-1.23%)Aug 24 4:01 PMEDT