December 10th, 2004
SpeculatingStocks.com Stock Pick: Superconductor Technologies, Inc. (SCON)
Price: $1.21 (long-term strong buy)
Superconductor Technologies Inc. is the global leader in developing, manufacturing, and marketing superconducting products for wireless networks. This year, STI was ranked number 328 in Deloitte & Touche's Technology Fast 500 in North America.
The company just received a major follow-on purchase commitment from a major North American wireless carrier. This purchase is for their SuperLink(TM) and SuperPlex(TM) product families. We expect more purchases to follow from other wireless carriers as Wi-Fi continues to proliferate.
Another deal just came through with the SETI Institute to supply cryocoolers.
Revenue has increased from $12.3 million to $49.4 million over the past three years. While this years revenues are going to be down compared to last, we believe all this is priced into SCON, and it has no where to go but up now. Volume is beginning to pick up as SCON breaks out of its range.
SpeculatingStocks.com Target Price: We expect SCON to hit $5.00 within the next 6-12 months.
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