M-Wave, Inc. (Symbol: MWAV) is a value-added service provider of high-performance printed circuit boards used in a variety of digital and high-frequency communications applications for a variety of telecommunications and industrial electronics applications. I have to be honest with you, I don’t know much about this industry - especially the products that they offer.

However, when I was doing my research and found this company, I was pretty impressed to see how much their price/share has increased in the past 6 months (see below). Currently the stock is traded at $1.55/share - increased by 11% today.

For the nine months ended 30 September 2005, M-wave, Inc.’s revenues rose 22% to $16.6M. Higher loss reflects higher cost of goods sold, increased general & administrative expenses, higher selling & marketing expenses, lower interest income, increased interest expense and impairment of investment.

I have noticed that the price/share started climbing when they successfully raised $6.5 Million in equity - which includes elimination of $4.6 Million of debt (read here). Their 52 week high is $2 and 52 week low is $0.29. Since they’re currently traded at $1.55/share, I’m pretty sure sooner or later their price is going to hit $2/share again. Again, as I’ve said before, I’m not really familiar with their industry and their product; however, looking at the direction where the stock price is going, this might be a good investment. A short-term investment, I’d say.

Quote of the Day:
He that is of the opinion money will do everything may well be suspected of doing everything for money. - Benjamin Franklin