SIFCO Industries Inc T.SIF.UN

Primary Symbol: SIF

Industrials Aerospace & Defense

SIFCO Industries, Inc. is engaged in the production of forgings and machined components primarily for the aerospace and energy markets. The Company's processes and services include forging, heat-treating, coating and machining. It is a manufacturer of forgings and machined components for the aerospace and defense, energy and commercial space markets. The Company provides its customers with envelope and precision forgings, rough and finished machined components, as well as sub-assemblies. It services both original equipment manufacturers (OEM), Tier 1 and Tier 2 suppliers, and aftermarket service providers with products that range in size from approximately 2 to 1,200 pounds. Its product offerings include OEM and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; critical rotating components for helicopters, and commercial/industrial products.

NYSEAM:SIF - Post by User

SIFCO Industries Inc

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Post by eljoroon Nov 26, 2008 5:14pm

514 Views

Post# 15612627

What am I missing here?

I will say up front that I have not yet bought in but am considering taking an initial position of 1000 shares in my RSP.

In the past two weeks this has been made a Top Pick on BNN's Market Call (Don Lato was the analyst). The company has issued a press release re-affirming profitability, that the dividend (now around 18%!!) is safe, that a small special dividend is coming in December and that they will be buying back up to 10% of outstanding shares over the next 12 months.

And the share price has fallen another 15-20%...

What I am I missing here???

Any and all thoughts appreciated...
El Joro

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