July 30, 2007
FeaturedProfiles.com Stock Pick: EDAC Technologies Corporation (EDAC)
Price: $8.61 (short-term)
EDAC Technologies Corporation, together with its subsidiaries, provides design and manufacturing services for tooling, fixtures, molds, jet engine components, and machine spindles. The company offers low pressure turbine cases, hubs, rings, disks, and other complex and close tolerance components for aircraft engine and ground turbine manufacturers.
EDAC commenced trading on the NASDAQ from the OTC BB on May 31st of this year. EDAC has been trading at a higher level since NASDAQ listing.
The company has grown revenue the last three years from $33.24 million in 2004 to $35.04 million in 2005 to $38.32 million in 2006 while sustaining profitability each year.
EDAC is trading at a market cap of only $39.47 million, which we believe is undervalued. During the first quarter of 2007, EDAC reported revenue of $12.31 million and net income of $781,000.

