Posted
Jun 24 2008, 09:02 PM
by
Dave Dispennette
Growth Stocks
SNHY @ $36.15 (Sun Hydraulics) manufactures screw-in hydraulic cartridge valves and manifolds for fluid power systems in construction equipment. Revenues have increased between 15% and 20% during the last four quarters. Earnings are expected to grow 33% this year and another 13% in 2009 to $2.02 a share. We are establishing a position here and will set our stop loss at $33 for aggressive accounts. Passive accounts can establish half a position here and add the remaining half on a pull back to the $31 level. Their stop loss should be set at $29.
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