Liquidmetal® Technologies: "Strong" Growth
(Dick Davis Digest)
Stewart B. McGehee, The McGehee Report
"Liquidmetal® Technologies, Inc. became public two years ago to some fanfare at $15, ran up to $20 and has been downhill ever since. It now trades around $3.50, after bottoming in early winter around $2. According to the company's press release, it is the leading developer, manufacturer and marketer of products made from amorphous alloys. Bulk Liquidmetal¢ç alloys are 2-3 times stronger than commonly used titanium alloys, harder than tool steel and relatively non-corrosive and wear resistant. They can be molded into precision net-shaped parts similar to plastics, resulting in intricate and sophisticated engineered designs. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries. The combination of a super alloy's performance coupled with unique processing advantages positions the alloys for what the company believes will be The Third Revolution¢â in material science. The baseball bat made from Liquidmetal and Rawlings was acknowledged by the company as the best bat launch in the company's history. Also, a tennis racket with Liquidmetal was launched by HEAD and named one of the Best Products of the Year by Fortune and Business Week Magazines. In February, two cell phone makers, Vertu and Samsung, launched products with Liquidmetal components. Chairman and CEO John Kang indicated that operating expenses will decrease through the year, while revenues should continue to increase. At just $3.50 per share we think this company could be a monster mover."
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