Adeptron Technologies Corp (ATQ.V)

Electronics manufacturing services industry is turning around. This ranks in the top 25% of his database. Earnings are forecast to be $.02 in calendar 08, which implies an extremely low PE of 5X. Most recent earnings were down 28% year over year and analysts have chopped the estimate by 15% in the last 90 days. Has a letter of intent for a private placement transaction of $6 million worth of common shares. This will help shore up the company, but will also cause a huge dilution. Prefers Celestica (CLS-T). (See Top Picks.)

The space is not dead, but this company is too far down the food chain for his liking. Still a lot of overcapacity.