On the day of my last post about SPA, the stock has risen from $8.06 to the July 1 close of $10.09.
That's a gain of about 25%.
The company continues to maintain a substantial cash balance (over $2.50 a share) and still is debt-free.
For the fiscal year ended June 30, 2011, it appears that SPA may come in with e.p.s. in the range of $0.80-$0.90 per share.
With two modest acquisitions completed in the past FY (one for about $10 million and one for about $4 million), another acquisition seems like the next possible catalyst aside from a good June-quarter earnings report.
I've cut back my position size a bit here but this remains my biggest position.
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