You make some good points, but I think it's important to look even further than 2007. If 2008 is expected to be a rebounding year, I would expect the market to lighten up on the business and stock a bit. CMT's limited customer base is a risk, they're really relying on the success of their three largest customers to continue expanding and growing. I'd like to see them bring in some new customers, but that is easier said than done.
Anyway, this will be an interesting business to follow over the next few years, it isn't perfect, but for a micro-cap I think it is an appealing business.
Core Molding Technologies: 2Q Earnings Review [View article]
Anyway, this will be an interesting business to follow over the next few years, it isn't perfect, but for a micro-cap I think it is an appealing business.