SMID - Smith-Midland Corporation | Stock Discussion Forums

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Microcap & Penny Stocks
SMID - Smith-Midland Corporation

An SI Board Since April 1998

Posts	SubjectMarks	Bans	Symbol
41	3	0	SMID

Emcee: DavidCG	Type: Unmoderated

Introduction Market Data Compact

The Company: Smith-Midland Corporation

Current price: 1 5/8

Shares Outstanding: 3.04 mil
Float (Free Trading): 2.1 mil

Their Website: smithmid.com

Yahoo profile: biz.yahoo.com

Business Summary: Smith-Midland invents, develops, manufactures, markets, leases, sells, and installs a broad array of precast concrete products for use in transportation, construction and utilities industries. For the nine months ended 9/97 revenues rose 6% to $9.1 million. Net income totalled $182 thousand vs. loss of $419 thousand. Revenues reflect increased highway soundwall sales and installation contracts. Earnings reflect production efficiencies and lower interest expenses.

The Company's description of itself as of 2/20/98:

Company description: Smith-Midland Corp. designs and manufactures a broad array of patented precast concrete products for the construction, transportation, and utility industries. Smith-Midland
Corp. formed in 1960 and became a public company through an Initial Public Offering of stock on Dec. 13, 1995, in order to fund projected accelerated growth particularly in the area of licensing.

The company operates two manufacturing facilities located in Virginia and North Carolina and licenses precast concrete products developed by Smith-Midland world wide through their wholly owned subsidiary EASI-SET Industries.

The Company's newest patented product SLENDERWALL(TM) is an innovative architectural precast concrete exterior wall system that offers a cost-effective alternative to traditional brick and block construction. SLENDERWALL(TM) provides the commercial building industry the durability of precast concrete for the first time in a lightweight product for use in new building construction and
building renovations. EASI-SET plans to license SLENDERWALL(TM) to North America's premier architectural precast concrete manufacturers beginning in 1998.

EASI-SET Industries currently has 28 precaster licensed in the U.S. and Canada, Belgium, Germany, Spain, Chile, and Puerto Rico manufacturing its EASI-SET transportable precast
buildings and J-J Hooks portable precast concrete safety barriers.

Smith-Midland's principals are prominent industry figures, well recognized and respected in the industry. Rodney Smith is a past president of the National Precast Concrete Association and
regarded as one of the country's leading innovators in the precast industry.

My view as to why and buy here:

Basically, you have to stare at their Yahoo financial profile and ask yourself, why NOT to buy here. Everything, and I mean EVERYTHING in its profile is a positive number.

$12 mil in sales last year and the market cap is worth only $4.95 mil. The graph trend is definitively higher.

The CEO said that they had about $7 million in back orders right now for regular contracting jobs.

Add up the back orders, current orders this year, licensing fees (Emphasize the licensing fees for 1998 since that is when they started to market it. This simply means that the great figures you have seen thus far in its financials exclude licensing fees.) and patents and you have one heck of a company that is literally unknown.

Good Trading!

-DavidCG

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
41	SMID to benefit from the Obama trillion for public works? Time for a re-entry?	SGJ	-	12/14/2008
40	The following is from the WallStreetReporter Interview (the points are also ment	ghmm	-	8/25/2006
39	SMID got smacked on tough comp against last year when they had inaugural contrac	sams291	-	5/15/2006
38	AL Frank Fund is still holding a very large position (14%) the fund is very valu	ghmm	-	2/15/2006
37	10:42 a.m. 14th--smid absolutely poised for lift-off. Hope it doesn't fall	Jane Hafker	-	12/14/2005
36	I'm a bag holder. Not happy as usual holding bags. It's bothering me t	Jane Hafker	-	12/5/2005
35	$3.5MM Contract for SMID Jefferson at Inigo's Crossing Chooses SLENDERWALL(	SGJ	-	11/30/2005
34	Wow!! A must listen interview... Mr. Smith all but says a great quarter is com	ghmm	-	11/1/2005
33	Ophelia could have had an impact Jane, but for now more sellers than buyers. MM	SGJ	-	9/16/2005
32	hafker to hafker...apparently no one agrees Ophelia threatened SMID's bases.	Jane Hafker	-	9/16/2005
31	AH. The current death dive of the stock with no real reason... We are ignoring	Jane Hafker	-	9/15/2005
30	To: Texbanker I am trying to buy more right here. That's my bid for 100	raddad	-	9/15/2005
29	Low volume is playing havoc with the PPS. I am going to buy more if it gets to 2	SGJ	-	9/15/2005
28	To: Jane Hafker Problem is Jane at the time the obvious technicals were not	raddad	-	9/14/2005
27	Am not panicked, for sure, just wish I had sold at the obvious technicals on $4.	Jane Hafker	-	9/14/2005
26	To:Jane Hafker I know it's frustrating to let profits slip away because	raddad	-	9/14/2005
25	no sweat unless one let a good profit slip by and didn't sell at 4.00. The	Jane Hafker	-	9/12/2005
24	Low volume drift down. Look for support at $3.25. No sweat. In buying range.	SGJ	-	9/12/2005
23	WHY THE DIVE? ANYONE KNOW? NOT HAPPY.	Jane Hafker	-	9/12/2005
22	I think the last quarter numbers scared some people (temporarily). I must admit	ghmm	-	9/11/2005
21	<i>Correct me if wrong.</i> No I think you have it now. This stock	SGJ	-	9/9/2005
20	Tex, I did jump in a few cents later. Am holding happily, but sure as heck wish	Jane Hafker	-	9/9/2005
19	Jane, no offense, but the time to buy was back when you were wringing your hands	SGJ	-	9/8/2005
18	Patentlawm...good you spoke to SMID people directly. I also spoke to Lawrence,	Jane Hafker	-	9/8/2005
17	Thanks and same to you Frank. Looks like we have a big winner here.	SGJ	-	9/8/2005

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