Good morning traders, We think this one should go back on everyone's radar today. Recent acquisition news, financials and the chart tell the story. Cemtrex Inc. (NASDAQ: CETX) Cemtrex announced on May 17th that they had generated $18.9 million in revenues for the first quarter. I believe this was their 21st quarter of growth. On an annualized rate with no growth this is roughly a $75 million a year revenue run rate. This was before the recent acquisition announcement. Cemtrex Announces Q2 Results with Sales Increasing 32% Adjusted Net Income up 34% in first six months of fiscal year- http://finance.yahoo.com/news/cemtrex-announces-q2-results-sales-123000610.html Late last week Cemtrex announced that they are looking to acquire an electronics manufacturer specializing in automotive technologies which is a very high growth industry. The company to be acquired is doing revenues of roughly €30M euros which equates to roughly $33.5M USD. Full acquisition press- http://finance.yahoo.com/news/cemtrex-acquire-electronics-manufacturer-specializing-115900716.html Add that in to the $75M annual run rate and this company is looking to be on track for over $100M run rate for revenues and they have been profitable trading at an extremely attractive valuation of lower than 10X earnings. Profitable NASDAQ listed company, growing regularly, trading at below a 10X PE, cards are on the table for them to be on track to be on a $100M revenue run rate.....it seems like it could just be a matter of time before solid long term smart money institutional buying develops in this name and shepherds it to higher valuations. The Team |
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