Rising Star Stock - Thursday June 4th
Which night vision equipment maker could help you navigate your way to profits?
According to the Karen Finerman it's FLIR Systems!
If you're a spy (or play one on TV) the kinds of things made by this company make you feel like a kid in a candy store. According to FLIR's website, the firm is the global leader in infrared cameras, night vision and thermal imaging systems.
Of course it's not just CIA wannabe's who love their stuff. The company has been supplying thermography and night vision equipment to science, industry, law enforcement and the military for over 30 years.
Here are some more particulars:
FLIR Systems (FLIR)
-Based in Wilsonville, Oregon
-Sector: Capital Goods
-Industry: Aerospace & Defense
-Market Cap: $3.4 billion
-52 Week Low $18.81
-52 Week High $45.49
-Over past year stock is down 32%
What makes FLIR Systems a rising star stock?
They have a great balance sheet and they’ve been growing their revenues nicely, explains Finerman. Also I think they’re attractively priced and they’re trading at 15 times earnings.
In addition, rival Axsys Technologies was taken over by General Dynamics at a considerable premium. I’m not saying FLIR is a takeover target but the deal gives you a sense of its relative value.
Got something to say? Send us an e-mail at email@example.com and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your message to firstname.lastname@example.org.
Trader disclosure: On June 4th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BX) Call Spread; Najarian Owns (DELL) Calls; Najarian Owns (FCX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MOS) Call Spread; Najarian Owns (PALM) Calls; Najarian Owns (WNR) Call Spread; Terranova Owns (FCX), (TER), (XBI), (RIMM), (GENZ); Terranova Owns (X) & (X) Calls; Terranova Owns (BRCM) & (BRCM) Calls; Terranova Owns (DIS) Call Spread; Terranova Owns (POT) & (POT) Calls; Terranova Owns (JPM) & (JPM) Calls; Terranova Owns (BTU) & (BTU) Calls; Terranova Owns (MS) & (MS) Calls; Najarian Owns (ELN) & (ELN) Calls; Finerman's Firm Owns (FLIR); Finerman Owns (TBT); Finerman's Firm Owns (AXYS), (NOK), (PBR), (TBT), (RIG), (WMT), (MRO); Finerman's Firm And Finerman Own (BAC) Preferred Shares And Are Short (BAC); Finerman's Firm And Finerman Own (WFC) Preferred Shares, Finerman's Firm Is Short (WFC); Finerman's Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Seymour Owns (TTM), (AAPL), (BAC), (BX), (EEM), (FXI), (TSO), (INFY), (MGM), (TIE); Seymour Is Short (NUE); Seymour's Firm owns (MBT)