Ceradyne, Inc. (NASDAQ:CRDN)
The Company develops, manufactures and markets advanced technical ceramic products, ceramic powders and components for defense, industrial, automotive/diesel and commercial applications.
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The company is poised to move forward with its boron carbide into many different market segments. I see the transition away from body armor and toward alternative energy as a great step forward for this company, and the possibility of doing business with oil giants never hurt anyone. This is my favorite long term growth story.
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There are so many things that could be improved by being made out of ceramics. This industry can only go up.
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10k reports that there are no big threats if the war ends anytime soon. Ceramic products in the industrial/wind/energy conservation fields look particularly pleasing to an anti-war kinda guy. PE looks great. Undervalued right now. Room to grow. Good time to buy. Projections are superb in the next two years.
Also the cermamic development in defense has already expanded to france/germany and further expansion is planned into Mexico - ect. ect.
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Bought more after getting in before split and fall to about 18.50; will ride back to 60
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Love the ceramics business. The business world is just starting to see the penetration of ceramics in all industrial applications. Their move into the nuclear shielding segment is very savy, plus defense spending will continue at a moderate pace with 2 active conflicts plus a looming third on the way (Iran/ radical islam, etc.).
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The stock has solid performance in a sector that should do well. It currently is undervalued due to optioins back dating investigation. This will pass.
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CRDN is undervalued, oversold. It has the right ingredients for the stock to be at a much higher price. Be patient and CRDN will go back up high again.
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A Solid business that will continue to expand in the ceramics field
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CRDN is one of the most solid, well run companies I own. It has a short term boon with the public desire to keep our soldiers safe...and management seems to be keeping an eye on the long term with their strategic planning to let them dominate the high end ceramics market. (I just saw something the other day about ceramic knifes...I wonder if CRDN will start moving there one of these days...hm...there's more possibilities out there that might first meet the eye!)
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