FSI International $FSII shares have been strong since late fall. I began following them a bit before the mid October breakout from earnings guidance. This last report was real good but the guidance was fantastic. They guided EPS at $.20 for Q1. Putting a pencil to it, we could get a crude value. I say crude because this gem is highly cyclical and things can change very quickly, so keep an eye on it.
If they could do .20 per quarter over the next 4, we could see $.80 for the year. with a 15 multiple, shares would be $12. Since the company doesn't have any debt, liquidation value is about $2. So theoretically, we could potentially value them at $14.
If they meet earnings this quarter and guide higher for Q2, this one could really take off with some strength.
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JWells.
