May 25, 2005
SpeculatingStocks.com Stock Pick: Dynamic Materials Corp. (BOOM)
Stock Price: $40.00 (short-term strong buy)
Dynamic Materials Corp. is an international metalworking company. Their products include explosion-bonded clad metal plates and other metal fabrications for use in a variety of industries, including petrochemicals, refining, hydrometallurgy, aluminum smelting and shipbuilding.
We would feel remiss not to release BOOM as a stock pick again with as much attention as it has been receiving. BOOM has had huge volume since the end of March and is showing no signs of letting up. The stock just hit a new 52-week high yesterday.
The company recently filed their quarterly report with revenue up 72% and $17.5 million and net income up 692% to $1.6 million. It appears this trend will only continue as backlog has increased to all time high levels. A significant ramp up in production is also planned at their AMK Welding division.
There are only 2.60 million shares in the float.
SpeculatingStocks.com Target Price: We expect BOOM to reach $50, possibly higher within the next 2-4 weeks.