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KHD surges 20% in one day!

posted Nov 16, 2009, 9:34 PM by Mohit Kumar   [ updated Nov 16, 2009, 9:35 PM ]
Our pick #13, KHD Humboldt Wedag International posted more than just stunning results today! It reported a EPS of $0.25, while the analysts were expecting an EPS of only $.05. This implies crushing analyst estimates by 5 times! It also reported a revenue of $148 million which was well over the analysts estimate of around $101 million. In addition, the company managed to strengthen its balance sheet by increasing its cash holdings. These earnings are a great indication of rising demand for cement and an effective operating model in place for long term growth. We continue to like KHD!