WAB's collaboration with Stone India seems to be great for both companies. We see this company as a great buy. To boot, the company recently reported fourth-quarter earnings of $26.2 million, or 53 cents a share, up from a year-ago profit of $16.3 million, or 34 cents a share. The company has had steady growth since 2004 and we believe it's very undervalued.
http://www.equitybulls.com/admin/news2006/news_det.asp?id=10486
http://economictimes.indiatimes.com/News/News_By_Industry/Indl_Goods__Svs/Engineering/Stone_India_pens_roadmap_to_revival/articleshow/1882048.cms http://finance.yahoo.com/q/cf?s=WAB&annual
$33.52 (04/04/07)
