spa

10-K - SPARTON CORP

The latest 10-K filing by SPARTON CORP

March 2011 Earnings Summary – DIT, SPA, ADVC & GPIC

(via www.valueuncovered.com)

Earnings season has been busy over the past several weeks, as many companies are reporting the results of their March quarters.

AMCON Distributing (DIT) - renewed its credit agreement had significantly better terms

Sparton Corp (SPA) - crushed quarterly earnings with a sales increase of 30% and the highest gross profit in the past 5 years

Sparton Corp (SPA) – Q2 2011 Earnings Update

(via www.valueuncovered.com)

Sparton Corp (SPA) reported a small decrease in sales for the second quarter of fiscal 2011. In the midst of a dramatic turnaround, the company has focused on removing unprofitable contracts, leading to increased margins across the board.

Two new acquisitions should help boost the sales figure going forward and the backlog has increased for 5 consecutive quarters.

Sparton Corp (SPA) – Turnaround Team Returns Micro-Cap Manufacturer to Profitability

(via www.valueuncovered.com)

After 3 years and over $35m in losses, Sparton Corp (SPA) took a giant leap forward in 2010, evidence of a strong turnaround by the new management team. The current EV/EBIT ratio is 6.5 - very cheap for a profitable and growing company. Conservatively, the stock should return 50%+ over the next year or two.

CROIC ROIC Screen Strategy Backtest

(via www.oldschoolvalue.com)

Jae Jun finds that a stock screen of CROIC outperforms ROIC from 2001-2010. CROIC appears to be a much better indication of performance.