LSI Industries, Inc. (NASDAQ:LYTS)

good value for a potential rule-breaking performer a la PANL

This company appears to offer a solid opportunity as of today (April 2009).
The company is trading below reported book value and is paying high dividends. Additionally the company operates outside of the FIRE (financial insurance real estate) sector of the economy, so chances are, what you see is what you get. I've personally screened this company to ensure it did not expand excessively during the hot years (2004-2008).
This company was found today via google screener with the following criteria:
atleast 100m market cap or more
has fallen more than 45% past 1yr
dividend payers @3% or more
atleast 25% institutionally held
price to book less than 1
have total debt/assets less than 100%
have total debt/equity less than 100%
personally screened to make sure the companies were not FIRE industries (financial/insurance/real estate), oil commodity related, industrial metal commodities related, sea shipping related
personally verified limitation on expansion during boom years (not excessive BS growth from '04-'08)

the resulting dividend companies to buy are:
AM, BRC, CBS, CBT, CDI, CSS, GLT, HRC, KELYA, LYTS, MEI, MWV, SXI, TKR, UVV

conversely I will be looking to short opportunities with opposite criteria.

This will be the primary focus of this profile, to seek & obtain alpha from long/short dividend opportunities across various industries.
- ALPHADividend

Bound to benefit from new energy legislation and the general movement toward conservation.

LED lighting is the future -- it's the most energy efficient lighting technology currently conceived, plus doesn't use mercury like CFLs. Right now it's still too expensive for widespread use, but even in the current market, LSI made 10+% ROA, 12+% ROE, and 20+% sales growth (y-o-y, according to Morningstar).

If it can do this at early stage, think of what it can do when the technology matures.

P/FCF is less than 6, plus a 4.5% dividend. Thinking of putting real money into this.

down $ to $11

'just found news that said the stock WILL tripple at years end.

LSI Industries is definitely making a move in the LED arena. I dont think they are by any means significantly attacking market share from competitors, I just think their products are being more solidly received by current customers. The fundamentals are solid and leave nothing to be undesired. I'll take a solid 10% growth, 2.7 times book, 17 times forward earnings and my favorite thing, no debt...for an LED company thats phenomenal. Long-term breakout on the chart could signify a large multi-year move is beginning right now.

Nero

Sagetrade

LSI (LYTS) is involved in 2 high growth businesses of LED and digital signage solutions. Sales are up, earnings were substantially better than expected last QTR, and the stock has a forward P/E of 15. I have 2 favorite picks in the business, RNIN (Wireless Ronin) and LYTS, and both should outperform over the next year. -JC

New LED products will contribute to strong revenue and earnings growth over the new year.