lucas20's Stock Forecast for SUN HYDRAULICS CO (SNHY)
Submitted by lucas20 on Mon, 03/10/2008 - 12:33.
Thesis:
Stock
SUN HYDRAULICS CO (SNHY)
Target
From $26.31 to $29.00
Target Date
4/30/2008
Hit target on: March 12, 2008
Hit target on: March 12, 2008
Current Price
$37.05
Thesis:
I think SNHY could be good for a nice 10% swing here. It is a company that has increased earnings every single quarter for the last 14 quarters. It is a leader in the fluid control system providing services to mining, construction, fire and also automation machinery and metal cutting equipment. I like the recent break-out of this one and how it held that break-out during a tough tape week, proving there is a strong sentiment behind its most recent earnings blow-out on the 4th.
