Nice pop in CSCO; NNBR thoughts?
We got a nice pop in CSCO last week. I backed up the truck on the 25th at 25.50, then took a small piece off the table on Thursday - don't want to get too greedy. Still overweight CSCO though. I saw that my blog entry from last week got copied to the CSCO board on Yahoo - someone actually does read these things.
I'm looking for the next company to add to my portfolio and ran a screen that turned up NN, Inc., (NNBR). It turned out to be a well timed pick for CAPS, but need to do some more research before committing real money. It's a small $213M market cap company that makes bearing components and precision metal and plastic parts. Fundamentals look pretty decent, small company with a fwd PE of 10.3, PEG of 0.6, pays divy of 2.6%. A little more debt than I'd like to see, but shouldn't be a problem unless interest rates spike up. Any comments on the company appreciated.