Updating American Woodmark, Miranda Gold and Adobe Systems Inc.

Article Excerpt

AMERICAN WOODMARK $41.52 (Nasdaq symbol AMWD; SI Rating: Speculative) (540-665-9100; www.americanwoodmark.com; Shares outstanding: 15.7 million; Market cap: $650.2 million) is the third-largest maker of kitchen and bath cabinets in the U.S. The company offers more than 230 cabinet lines in a wide variety of designs, materials and finishes. It sells its products through a network of dealers and distributors and directly to home centers and major homebuilders. The company now operates 15 plants and 10 service centres across the U.S. In the three months ended October 31, 2006, revenues fell 1.7%, to $210.8 million from $214.5 million. However, earnings per share rose 54.1%, to $0.57 from $0.37. The lower revenues came from the company’s ongoing shift away from lower-profit products. The improved earnings were due to the shift to higher-profit products, and an improvement in profit margins as it continued to cut material and labor costs. American Woodmark is still a buy. MIRANDA GOLD $1.86 (Toronto symbol MAD; SI Rating: Start up) (604-689-1659; www.mirandagold.com;…

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