9/11/2012

Continued but should be updated further tomorrow


BZC: Breeze-Eastern Corporation
Market Cap = 71M
EV = 61M
Breeze-Eastern manufactures hoisting equipment. Products include rescue hoists, cargo hooks, stainless-steel hose clamps, and light-duty clamps. The company also manufactures lifting and restraining products used in helicopter rescue hoists, external hook systems, and weapons-handling systems for aircraft.
Historical Valuation improvement using P/B TTM = 1.60 compared to the average P/B from 2007 to 2011 of 2.66
YOY Qtrly Revenue Change = - 21.00%
Recent quarterly results were horrible with sales and margins down sharply. The strong balance sheet was improved with recent sale of real estate. Net sales of $14.4 million versus $18.2 million for fiscal 2012 first quarter and negative EBITDA. The investment idea may need a lower price.



AFPC: American Pacific Corp.

Market cap = 95.88M
EV = 160.27M

American Pacific Corporation primarily manufactures fine chemicals, specialty chemicals, and propulsion products in the United States and Europe.

























to be continued

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