topsecret10 (< 20)

topsecret10's CAPS Blog

Update on my call on Xrite Corp

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October 30, 2010 – Comments (5) | RELATED TICKERS: XRIT

topsecret10 (79.69) Submitted: 10/13/2009 6:10:29 PM : Start Price: $2.12 XRIT Score: +82.05

Charts say the trend Is up. Recently closed at a 10 month high,at $2.16. Next stop Is $3.00. Company should benefit greatly as the economy tries to heal. Earnings estimates could suprise to the upside... TS

Report this Post 5 Comments topsecret10 (79.69) Submitted: 2/11/2010 5:06:54 PM Recs: 0

Look above and you will see that I said next stop $3.00. Well,It did just that today hitting $3.02 Intra-day,and up 35% since 10/13/2009.... next resistance Is $3.08.... any close above this level,the next stop Is $3.60.... stay tuned............ TS

Report this Post topsecret10 (79.69) Submitted: 3/5/2010 5:35:48 PM Recs: 0

Closed today right on that $3.08 number.... Needs to close ABOVE this price to continue higher. I think It will ... TS

Report this Post topsecret09 (73.51) Submitted: 3/25/2010 1:15:26 PM Recs: 0 Rec This

Stock at $3.47 and marching higher.... approaching the $3.60 mark (next resistance test).... Company reported solid last quarter,paid down debt,still time to make a lot of money In this stock.... TS

Report this Post topsecret10 (79.69) Submitted: 6/25/2010 5:00:09 PM Recs: 0

Stock breaks out today (finally) on 18 times normal volume !! Closed at 3.98 on just short of one million shares traded... :) TS

Report this Post topsecret10 (79.69) Submitted: 10/21/2010 12:17:58 AM Recs: 0

Trend Is much higher now that it finally broke 4 bucks today. Two stars when I first recommended It,still two stars now that has almost doubled !! A very misunderstood company. Looks like It Is fooling most of the fools on the fool .... LOL !!!! Closed at a new 52 weeek high ($4.05) on Friday 10/30/2010.... :) TS

5 Comments – Post Your Own

#1) On December 14, 2010 at 11:33 PM, topsecret10 (< 20) wrote:

Trend Is higher... $4.62 now.... :)

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#2) On December 15, 2010 at 8:47 PM, topsecret10 (< 20) wrote:

http://www.businesswire.com/news/home/20101215006069/en/X-Rite-Receives-Credit-Rating-Upgrades-Moodys-Investors

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#3) On December 17, 2010 at 1:06 AM, StockMillionare (< 20) wrote:

Interesting pick on xrit I found it by running this search on Scottrade: Criteria Used: Performance: Price Range: 1.00 - 12.00 Performance: Price Change over 52 Weeks:>50.0% Performance: Near 52 Week High: < 1.0%

It's an interesting pick, wish I would have found it earlier. Tell me do you where do you see this stock in the next few months what is your price target?

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#4) On December 18, 2010 at 10:09 AM, topsecret10 (< 20) wrote:

StockMillionare Been beating the drum on this one for over a year.... Chart pattern Is still awesome,I think that it could double within a year..... This has been two stars since I first Rec'd It. Fools are missing this one... TS

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#5) On January 17, 2011 at 11:07 AM, topsecret10 (< 20) wrote:

X-Rite Receives Credit Rating Upgrades from both Moody's Investors Service and Standard & Poor's Ratings Services Press Release Source: X-Rite, Incorporated On Wednesday December 15, 2010, 10:15 am EST

GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- X-Rite, Incorporated (NASDAQ:XRIT - News) today announced that both Moody's Investors Service (Moody’s) and Standard & Poor's Ratings Services (S&P) recently upgraded their respective corporate credit ratings on X-Rite.

Moody's upgraded X-Rite’s corporate family rating to B2 from B3, and the rating on the first lien senior secured credit facilities to B1 from B2. Moody’s stated that the upgrade acknowledged X-Rite's improved operating performance and reflected their expectation of continued organic revenue/earnings growth and sustained operating margins. The upgrade also considered improved end-market conditions and global demand trends.

Similarly, S&P upgraded its corporate credit rating to B+ from B. In line with the upgrade to the corporate credit rating, S&P also raised the issue-level rating on the first lien facility to BB- from B+. S&P stated that the upgrade reflects an overall recovery in the Company’s markets, traction from new products and particular improvement in the European markets.

Both rating agencies noted a positive rating outlook.

Commenting on the upgraded credit ratings, Rajesh K. Shah, Chief Financial Officer for X-Rite, said, “I am pleased that the credit rating agencies have recognized a positive outlook for X-Rite and our demonstrated ability to deliver solid financial results. We will continue to leverage our financial performance into an improved capital structure with revenue growth and profitability.”

The Company recently reported debt pay downs of $19.2 million during its third quarter of 2010 and $36.2 million for the nine months ended October 2, 2010, including the pay off of the Company’s second lien credit facility.

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