Buy @ $0.38.
A new stock! Precision Engineering biz (Metal – machining, milling, anodising, plating,..) mainly with Semicon Eqpt maker (Applied Materials) as customer cum minority shareholder. At 40ct, I was looking at it but didn't quite like it as major shareholder cum CEO was selling shares in the open market + sold 2 biz (IMT-S and IMT-US) to UMS. Further, mainly 1 customer and in 1 segment (they tried to go into Aerospace but no news of success). Also, Semicon Eqpt biz is projected to decline by ~8.9% for FY12 by Gartner (Research co.).
So, why buy?
Dividend = 1ct / Q (if profitable) and the newly acquired IMT-S and IMT-US ought to add to more Revenue and Profits. But, may trade if it goes back to 40ct… 😀