May 8, 2007
SpeculatingStocks.com Stock Pick: CVD Equipment Corporation (CVV)
Stock Price: $7.48 (long-term)
CVD Equipment Corporation is a designer, manufacturer and supplier of equipment for use in manufacturing semiconductors, solar cells, carbon nanotubes, nanowires and equipment for surface mounting of components onto printed circuit boards.
Revenue came in at $13.35 million for 2006 with net income of $604,000 or $0.19 per basic and diluted share, an increase of 19.0% and 54.5% respectively year-over-year. Order backlog is over $3.50 million, a 34.6% increase.
CVV supplies the hot solar industry as well as the nanotechnology industry. We expect business to remain strong for the company. CVV has strong growth prospects.
CVV recently completed a minor correction and is now attempting to turn the corner to an upside pattern again.
There are only 3.30 million CVV shares outstanding.
SpeculatingStocks.com Opinion: $16.00 within 4 - 8 months.