That's absolutely unbelievable for a $25 stock ! Especially true if $2/qtr is repeatable for the Sept qtr.

My search through the 10K leads me to believe that although HWGs business is cyclical, there is no seasonality. If I'm correct with that assumption, then HWG could in fact post $8+ in fully taxed and diluted EPS for calender year 2009.

In essence, HWG could be selling for a 3 PE going forward fully taxed. I for one think that's rediculous. Either way though, there's likely little downside here, despite the runup from $13. I know some believe that on a technical level the stock needs to go back to $20 or so, however I would just double up if it does.