http://www.stockrake.com

My systems have given this a buy awhile ago, but I just found the stock today. This is a mid trend trade for me which can be dangerous, however, I think the fundamentals on this undiscovered, unowned stock are worth breaking the rules for.

IDWK – International Display Works, Inc. makes LCD’s for pretty much everything.

From Yahoo. “These complex devices are used in cellular telephones, electronic appliances, office equipment, hand held computers, automotive equipment and medical electronics. In addition, the company offers services, such as design, component purchasing, and assembly into finished products or electronic subassemblies, and post-assembly testing.”

A possible risky item is that they come out with earnings tonight. I see on the chart that it has sold off considerably since going public, but if you look at the insider selling it has all been planned sales–common for new issues. The head honchos want to get paid. The selling is also related to unloved earnings reports.

Key statistics for IDWK Check out the Enterprise Value/EBITDA number. Now look at the quarterly earnings and revenue growth. This is nice to see.

Their recent aquisition of a Chinese manafacturer will give them a foothold there for future growth. In case you missed the news from SNDK about their new Ipod competitor, you should know that IDWK is making the LCD’s for this product.

I have no doubt that Sandisk’s MP3 player will be the real true competitor to Apple’s Ipod in the future. If it works as described according to Sandisk, this will be the MP3 player to own. SNDK has a hill to climb marketing wise, but the product will speak for itself in terms of value to the customer.

IDWK earned a $20 million contract on this product.