Best Idea EDAC Tech Rallies Another 10% to Over $13 per Share on $50 Million+ in New Awards
publication date: Mar 13, 2012
EDAC Tech announced today that it had received over $50 million in new awards, propelling its burgeoning backlog to a record $310 million. We recently raised our fair value to $15 per share and fully expect the company's shares to converge to this level in relatively short order. EDAC Tech has now more than tripled since we added it to our portfolio.
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