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Best Idea EDAC Tech Issues Fantastic First-Quarter Results; Raising Our Fair Value

publication date: Apr 25, 2012
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One of the core holdings in the portfolio of our Best Ideas Newsletter issued fantastic first-quarter results. We are raising our fair value estimate to $23 per share as a result of a lower discount rate in our cash-flow model, higher growth and profitability assumptions, and continued confidence in the recognition of the company's burgeoning backlog.

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