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Steel fabrication and engineered products manufacturing
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Message: All Alone - Unfortunately

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All Alone - Unfortunately

posted on Apr 12, 08 07:24AM

Well, after appearing on the Agoracom site 3 weeks ago, still no posts?  That's quite unfortunate given the prospects for the company. In these uncertain market conditions, EIL provides an greatly undervalued investment with plenty of upside potential.

 

A few highlights:

 

- with many governments providing funding for infrastructure development and upgrading, Empire is in the right field

 

- it has a strong presence in Western Canada where economies remain strong

 

- was recently awarded a $20 million contract (through SNC Lavalin) to construct a bridge in port Coquitlam

 

- current order backlog is approx. $100 muillion +

 

- as mentioned above, has had a past working relationship with SNC Lavalin, with SNC providing subcontracts to Empire

 

- currently trading about 10X trailing earnings, and about 6X forward estimated earnings for '08

 

 - has been a recent top pick of Doren Quinton (QIS Capital) on BNN, as well as a recent top pick of Keystone Financial

 

- also offers great exposure to oil and gas industry through recent merger with Tornado Technologies (hydrovac systems) 

 

With so many positive fundamentals, the company, I feel, will eventually get recognized by investors which will be realized in a more appropriate valuation.

 

Have a great weekend!

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