This was a decent issue, although I don’t have much to say about it. The air transport companies were a mixed bag; some terrible, some not bad at all with consistent operations. As should be expected out of the smaller companies, the medical supplies industry & precision instruments had many firms that aren’t anywhere near profitability. Some of the ones that were profitable look very good however. Again, a mixed bag. I didn’t gain any major insights with this issue, however I did gain a few new companies to add to my lists.
- AeroCentury Corp- I know, I know… stay away from airlines. Still, may be worth a look.
- Cybex Int’l- I’m already familiar with the industry; I studied Nautilus & Life Time Fitness. I know the demand fell off a cliff with the recession & will be returning soon (hopefully next few quarters from what I’ve seen). Looks like a deep value situation the way I’ve seen Zales, Nautilus, Flotek Industries, W&T Offshore, etc… where the company wasn’t making any money but it was due to external factors (i.e. the economy). This company, should profitability return, could make the investor some serious gains.
- Mesa Laboratories Inc.- healthcare company that manufactures disposable products