BEAV manufactures cabin interior products for business jets and commerial airliners. Products include aircraft seats for all classes of cabin seating; galley equipment such as refrigerators, microwaves and water heaters; and safety equipment such as oxygen storage and emergency breathing apparatus. In addition, the company distributes aerospace fasteners. 2008 Q2 results exceeded expectations and the company has confirmed earnings guidance for 2008 - 2010 and is expecting continued growth in order backlog through 2010. Technically, the stock has moved off its low near 21 and is forming a base in the 24 - 25 area, near the convergence of the 10-day, 20-day and 50-day simple moving averages. Once the stock moves upward from this base, I would expect a quick test of next resistance in the 30 - 31 area. With the likelihood that oil has seen its peak for this cycle and will likely stabilize at these levels or move lower, the stock should retest its 52-week high near 54 which occurred just before the current spike in oil prices which began in January of 2008.
$25.06 (08/18/08)
