Barnes focuses on difficult-to-manufacture parts, exotic materials and what Milzcik called “high-volume, high growth platforms,” like those used in the 787.
Milzcik said his company has done a number of things to position itself for the long term that are paying off now. Specifically, Barnes has spent over $350 million over the past seven years in aerospace on acquisitions, revenue-sharing partnerships and capital expansion.
Analysts seemed disappointed with Barnes’ distribution business, but the Milzcik said the company has laid out a plan for sales and margin growth.
“Let the downgrades come and then I would buy some,” Cramer said. “This stock’s just too cheap when it gets down to $20. It’s just too cheap.”
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