Xerium Technologies, Inc. (XRM)

shiftomnimega (58.07) Submitted: 5/09/08 4:11 AM : Start Price: $2.26 XRM Score: 105.51

I'm hot on this due to speculation for the most part. I was banking that their stock price plummeted due to their 10-K being filed late and not because there was anything they were trying to hide on their 10-K. The market has responded positively since they released their 10-K.

The news is reporting the 4.7M net loss in Q1 this year, but investors seem to be more impressed at the 10% improvement in sales from Q1 2007.

I really didn't expect the steep increase which makes me wary of holing onto this for anything longer than a year. However, until then I see myself riding this up to $3.50 or 4.

Report this Post Replies: 1 | Reply