Comments for SYPR - Stockpickr! Your Source for Stock Ideas

Comments for SYPR

Added By	Comments	Type	Date Added
barrons2	Buy - Price 6.25 on Dec. 19 by Hilliard Lyons We are raising our rating to Buy from Neutral, with a $10-$12 target price. We believe both of Sypris' segments, Sypris Industrial Group and Sypris Electronic Group, are poised to improve in 2008 and 2009, leading to double-digit revenue growth, higher margins, and free cash flow. [The company provides outsourced manufacturing and services to the aerospace and defense industries as well to the trucking and automotive industries.] Valuation is also compelling, in our view. The share price is over a $4 discount to the firm's $10.55 book value at the end of 3Q07. Further, we believe a breakup value also supports a higher price. We believe both units individually are worth at least $5-$6 per share, and that the board of directors should consider such an alternative unless the share price rises significantly over the next year.	Love	December 29, 2007