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Anaren Microwave
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To:
robert b furman
who wrote (
122
)
4/30/2010 12:31:03 PM
From:
robert b furman
Read Replies (1)
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Respond to
of 137
Q3 earnings surprise to the upside.
investor.anaren.com
Continued emphasis on standard components vs custom componenets and space/defense getting into a production ramp is adding nicely to net profits.
They are making very strong money,buying back stock,growing cash and giving good forward guidance.
The somewhat reduced earnings guidance (based on headlines) is the result of nice growth but at higher tax rates 25.7% this quarter vs expected 32% next quarter.
After hours anen popped up over 16.00 and is now trading up approximately 1.00 on a down day(15.68)
This company will make a buck a share (Gaap)and could be fairly valued at 25.00 to 30.00 IMHO.
Bob
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