UFP Technologies: Inflection Point Has Been Hit
The Inflection Point submits:
Powerful inflection points are characterized by companies that have recently experienced a dramatic improvement in their fundamentals. Important inflection points often coincide with a breakthrough earnings report that is soon followed by a surge in both the stock and the volume accompanying the breakout. UFP Technologies (UFPT) experienced such an inflection point last week.
UFP Technologies is a company which designs and manufactures engineered packaging solutions for the automotive, computer, medical, aerospace, military and consumer markets. After three accretive acquisitions last year and an underlying improvement in overall demand, UFPT posted a breakthrough earnings report on Wednesday morning. Earnings grew 150% year-over-year to $.45 a share as revenues grew 11.4% higher to $26.1 million. Along with these record profits, the company also achieved record gross margins of 31%.
Investing, Long Term Investment, stock market | admin March 10, 2010
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