K-Tron (KTII) reported stellar results Monday. Net income rose 57% percent year over year on top line growth of 29.4%. Diluted earnings per share rose 53% to $1.84 per share versus $1.20 a year ago. The shares responded in kind, rising 8%.
K-Tron has been a top performer for years now, as indicated in my buy recommendation a few weeks back. To date, KTII has returned 34%. Fortunately, there's no coverage on this stock whatsoever, so there's no street comparison. When the company finally makes it onto the Radar screen of its first analyst or starts attracting the attention of Cramer and like, expect to see a significant P/E expansion.
View my full buy recommendation.
KTII vs. S&P 500 YTD:
Disclosure: The author is long KTII.