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lucas20's Stock Forecast for SUN HYDRAULICS CO (SNHY)

Submitted by lucas20 on Mon, 03/10/2008 - 12:33.

Stock

Sun Hydraulics Co (SNHY)

Target

From $26.31 to $29.00

Target Date

4/30/2008
Hit target on: March 12, 2008

Current Price

$38.24
Market Outlook: Neutral
Top 3 Stocks: GLS,TEVA,GILD
College: Georgetown University

Authority:
9.33 (?)

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.

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