Robert Wagner
Research analyst, CFA, portfolio strategy, gold

Ballantyne Strong Should Reinstate The Stock Buyback

Ballantyne Strong (NYSEMKT:BTN) is a supplier and servicer of movie theaters and provider of industrial and architectural lighting. Recently the company has been going through a transition as the movie industry moves from the old 35 mm film to digital. The period has been a bit difficult, but with the most recent earnings report, it looks like the firm has returned to profitability after showing a small loss in Q3 2012. For all of 2012:

"Ballantyne generated $169.1 million of revenue, $5.5 million in net income and EPS of $0.39 for the full year."

Apply a conservative 10 P/E to that number and with the stock trading at $4.01 at the time of this writing, BTN appears...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details