In an effort to increase the awareness
of Sparton to the investor community,
last September we initiated a new
Investor Relations Program. The
objective of this program is to increase
the demand of our Company's stock
with new long-term shareholders by
providing more frequent and effective
communication on the Company's
progress and future plans.
The primary means of executing this
strategy has been via meetings with
investors at conferences, in face-toface
meetings, and through conference
calls. Within each of these venues, the
Sparton turn-around story and future
plans of the Company are discussed
in detail. The investors are able to
meet the leadership team as part of
this process, which is a major factor
prior to a new investor buying the
Company's stock. The most recent
presentation being used in these
forums can be found on the website
under the Investor's tab.
Since September, we have presented
at three conferences: Southwest Ideas
in Dallas, TX; LD Micro Cap in Los
Angeles, CA; and, Sidoti Micro Cap
in New York, NY. These conferences
provide us access to a large number
of investors. Break-out meetings are
then set-up with interested parties to
allow one-on-one discussions that
are more detailed than the original
presentation.
In addition, as part of the initiative, over
350 investors have been contacted and
37 face-to-face meetings have taken
place. These meetings were held in
San Francisco, Los Angeles, Dallas,
New York and Boston. The content of
these meetings ranges from reviewing
our investor presentations to more
detailed discussions, and question
News About Our Company
and answer. We have now begun to
schedule a number of meetings with
the same investors for a second or
third time - which is a good indication
that the Company is being followed
and the investor may be preparing to
buy in.
The positive earnings per share
results in 01 and 02 coupled with the
implementation of this program, has
awarded us with significant increases
in the Company's stock price and
volume of shares being traded. As of
September 15, 2009, Sparton shares
were trading at an average daily price
of $2.97 at a daily volume of 6,695
shares (both trailing three months.)
As of January 25, 2010, the stock
price has almost doubled and has
been trading at an average daily price
of $5.54. The volume of shares has
increased to 77,712 shares daily--11
times greater than last September.
As the Company continues to
financially improve, show consistent
operating results, and begins to
execute the growth strategies, we will
see further investment interest in our
Company.
The leadership team will be reaching
out to Sparton's existing, new and
potential future investors by continuing
one-on-one meetings in Minneapolis
and St. Louis this spring and then
return to the East and West coasts
in the fourth quarter. We look forward
to the continued growth of Sparton
Corporation!
If you have any questions regarding
this initiative, please contact Mike
Osborne at: mosborne@sparton.com
or 847.762.5814
Sincerely,
Cary B. Wood
President & CEO, Sparton Corporation
|
|
In an effort to increase the awareness
of Sparton to the investor community,
last September we initiated a new
Investor Relations Program. The
objective of this program is to increase
the demand of our Company's stock
with new long-term shareholders by
providing more frequent and effective
communication on the Company's
progress and future plans.
The primary means of executing this
strategy has been via meetings with
investors at conferences, in face-toface
meetings, and through conference
calls. Within each of these venues, the
Sparton turn-around story and future
plans of the Company are discussed
in detail. The investors are able to
meet the leadership team as part of
this process, which is a major factor
prior to a new investor buying the
Company's stock. The most recent
presentation being used in these
forums can be found on the website
under the Investor's tab.
Since September, we have presented
at three conferences: Southwest Ideas
in Dallas, TX; LD Micro Cap in Los
Angeles, CA; and, Sidoti Micro Cap
in New York, NY. These conferences
provide us access to a large number
of investors. Break-out meetings are
then set-up with interested parties to
allow one-on-one discussions that
are more detailed than the original
presentation.
In addition, as part of the initiative, over
350 investors have been contacted and
37 face-to-face meetings have taken
place. These meetings were held in
San Francisco, Los Angeles, Dallas,
New York and Boston. The content of
these meetings ranges from reviewing
our investor presentations to more
detailed discussions, and question
News About Our Company
and answer. We have now begun to
schedule a number of meetings with
the same investors for a second or
third time - which is a good indication
that the Company is being followed
and the investor may be preparing to
buy in.
The positive earnings per share
results in 01 and 02 coupled with the
implementation of this program, has
awarded us with significant increases
in the Company's stock price and
volume of shares being traded. As of
September 15, 2009, Sparton shares
were trading at an average daily price
of $2 .97 at a daily volume of 6,695
shares (both trailing three months.)
As of January 25, 2010, the stock
price has almost doubled and has
been trading at an average daily price
of $5.54. The volume of shares has
increased to 77,712 shares daily--11
times greater than last September.
As the Company continues to
financially improve, show consistent
operating results, and begins to
execute the growth strategies, we will
see further investment interest in our
Company.
The leadership team will be reaching
out to Sparton's existing, new and
potential future investors by continuing
one-on-one meetings in Minneapolis
and St. Louis this spring and then
return to the East and West coasts
in the fourth quarter. We look forward
to the continued growth of Sparton
Corporation!
If you have any questions regarding
this initiative, please contact Mike
Osborne at: mosborne@sparton.com
or 847.762.5814
Sincerely,
Cary B. Wood
President & CEO, Sparton Corporation
|
|
|
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© 2010 Sparton Corporation
