White Electronic Designs Corp (WEDC)

LouisWinthorp (< 20) Submitted: 5/26/2007 1:44:27 AM : Start Price: $5.97 WEDC Score: -2.52

I have always liked this company. They are well managed and have a steady record of adjusting as markets change...growth has been erratic at times but they do have a growing cash pile and no debt. They instituted a share buyback program, which should help put a floor on the stock. WEDC seems to trade in a channel from $4.50-7.00..I've swing traded it a few times within that range (buy in the 4s and low 5s, sell in the 6s)...if they show consistent growth and/or EPS, through sales performance/cost management and increases in share buyback, they could really make a run at breaking the resistance at $7 which could clear the way for another run at double digits.