Spartan Motors (SPAR / Nasdaq)
25.50 (4/5/07)
See chart

Spartan (SPAR) came up in public view, I mean nationwide TV, on Wednesday on Mad Money.

They make chassies for vehicles, including those in Iraq (U.S. military), stuff like that. What I care about are the numbers. So I did some checking.

SPAR
Consumer Cyclical: Auto & Truck Manufacturers
P/E: 30.54. Geez, this is high.
Growth rate/EPS: 93.1. Wow!
Float: 19.4 mil shares. Hmm...
Short interest: 5.38% of float
Earnings

Pupule says: A really, really nice stock. Not a fit in my Fundamental Growth list, but really close. This would fit in my Growth & Some Fun(damentals) / Nice Nice list, though it actually has several very solid fundamentals that I like.

Since July, SPAR has run up from 10! That's why I'd wait for a pullback to the 22.5-23 range. With the increased volume of the past two months and a ridiculously bullish trend, it's a significant risk buying at these levels.

On the other hand, this is still a small cap that isn't on the radar of institutions (yet). Tough call, but one worth pondering!

Disclosure: 'Pupule' Paul Honda does not own any shares of SPAR.

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