SmallCAPS.us announced that they believe the most promising stock for 2008 is AML Communications (AMLJ.OB). The newsletter blames the recent fall from $1.20 on the tax selling season and asserts that the stock is trading at ridiculous prices with the potential to move 50-100% over this new year.
In the second quarter of 2007, the company posted higher revenues and returned to profitability. The net sales increased from $2.15 million to $3.20 million within one year. The increase in revenues resulted because of the increased bookings for the Company’s core defense business and a $440,000 contribution from its Mica-Tech subsidiary.
AML Communications is focused on designing, manufacturing, and marketing amplifiers and related products that meet the needs of the Defense microwave market. Its subsidiary designs, manufactures, and markets intelligent satellite systems that deliver Supervisory Control and Data Acquisition (SCADA) of the electrical power grid.
In conclusion SmallCAPS.us gave the stock a price target of $1.90 per share, a 90% increase above today’s stock price.
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