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Yes Penny it is unforunate the way this company has gone down hill. I originally bought into the company because of the fast growth rate. Now I realize that must have been luck. It appears as if they sit back and wait to answer the phone....hoping its an order. They need to develop a strategic plan. I thought they would use their cash to do some aquisitions and grow revenues year over year. Everytime they report earnings and the managment makes statements the shareholder value drops. I didn't see anything that would indicate that they would become more aggressive to eliminate some of the cyclinical nature of their core business.
Maybe we'll get lucky and a company with more ability to grow shareholder value will aquire BOOM.
I have been following BOOM for several weeks. I saw accumulation start two weeks ago. The IBD ranks are 88, 62, B. The annual Earnings growth is 120%. VERY small float. My TC2000 charts looked good but would not expect continued growth after these past two days of run up.
Short but sweet, any more acquisitions are expected to be accreative, looking for analyst coverage, Boeing is impressed with the company and has been reccommending them (they have a 100% on time record with 0 defects)
I like it: It has no following, it has a growth rate in the 20% range, a clean balance sheet, it generates operating cash flow in excess of 4 million a year. It has a great reputation with its customers, most of their competitors are small, and therefore they can lead in the consolidation of this group of companies.