Finding undervalued, neglected penny stocks is one of the best talents we provide here at AimHighProfits and the latest finding might just go straight to the moon once traders see what we see. Precision Aerospace Components, Inc. (PAOS), a distributor of nut and bolt products, is a low-floater that has traded between 0.09 – 0.46 over the last 52 weeks. However, when you see who they supply to and just how much revenues and net income they have reported up util September 30, 2013, you’ll be scratching your head trying to figure out why PAOS stock is so cheap.
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PAOS Stock Quote
Market Cap: 1.04M
Last (January 8): 0.2419 ▲ +0.0997 (+70.11%)
Issued and Outstanding: 4,282,849
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Rarely ever does a ticker come around that doesn’t match up well with their fundamentals whereby the market cap for a company is so much lower than it should be. In the case of Precision Aerospace Components, you have a company which surpassed their 2012 revenues ($20,239,639) in the first months of 2013 ($20,429,679) and was still putting up positive net income results, yet the shares of PAOS are lightly traded.
Typically, just having The United States Department of Defense and Fortune 500 company PACCAR Inc., the 3rd largest manufacturer of medium- and heavy-duty trucks in the world in 2011–12, as 2 of your biggest accounts, 10% and 17% respectively for the 3 months ended September 30, 2013, would be more than enough for investors to flock towards PAOS. Couple that with insiders owning virtually all of the issued and outstanding shares (as per the 10-K for the year ended December 31, 2012) and you’ll be scratching your head trying to figure out why PAOS is sitting at 0.24.
This coming May, Precision Aerospace Components will be celebrating just its 2nd year as a one-stop source for standard, self-locking, semi-special and special nuts, bolts and washers, manufactured to several military, aerospace and industrial specifications. While we will all have to wait for the 10-K or a PR issuance to find out just how many millions of dollars the Company booked in revenues from the sale of the approximately 44,000 SKUs comprised of approximately 65 million parts of premium quality, brand-name fastener products they maintain, they might supply parts for rockets, but this really isn’t rocket science.
Just look at their Aero-Missile Components subsidiary alone, founded in 1986. It’s a recognized leader in the military and aerospace fastener fields, supporting many government agencies along with prime contractors and their subcontractors. Having recorded $20+ million in annual revenues over the last 2 years, both of which produced positive net income (2013 as of September 30) and their total liabilities as of September 30, 2013 were $12,159,652, what value would you put on PAOS?
With a total of 13,363,930 diluted shares outstanding as of that date, 9,088,142 of which Directors and Executive Officers as a Group owned as of March 15, 2013, health and future prosperity are not a concern when looking into PAOS long. The market cap for PAOS should be 10x-20x what it is at present, regardless of how up come up with a valuation.
About PAOS Stock
Precision Aerospace Components, Inc., through its subsidiaries, distributes nut and bolt products and a proprietary locking washer product that are used primarily for aerospace and military applications and industrial/commercial applications.
Last 5 Trading Sessions:
PAOS stock is an undervalued goldmine of a penny stock at 0.2419. With volume being the biggest issue, it’s impossible to imagine that sporadic trading can continue if PAOS was to actually land on the radar screens of those who value a good thing for a bargain of a price.
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