Edac Technology Corporation (NASDAQ: EDAC): Cons
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Posted On: 02/14/2013 9:46:46 AM
Edac Technology Corporation (NASDAQ: EDAC): Consistent Growth in Aerospace Supply Sector
2012 was a rough year for some suppliers in the aerospace sector of the market as they came under pressure from the looming fiscal cliff, but for some suppliers, demand has remained firm. Edac Technology Corporation (NASDAQ: EDAC) is one of those companies. The company posted extremely strong numbers for all of 2012 and is unlikely to stop in 2013. Neither the threat of the fiscal cliff or the election of a president that has promised to cut government defense spending has made a dent in this micro-cap’s numbers to date. However, The Company has developed strategic partnerships with larger companies in the aerospace market that include the likes of the Boeing Company (NYSE: BA) and Embraer SA (NYSE: ERJ). Look for continued growth here. EDAC Technologies Corporation, along with its subsidiaries, designs, manufactures, and services fixtures, tools, machine spindles and jet engine components in the aerospace and industrial markets. The company has a market cap of $70 million and shares are selling for $13.27.
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