Recommendation:  Elecsys Corp  (ESYS) 

      This Kansas based holding company has multiple operating divisions. DCI manufactures electronic interface solutions (think LED's, LCD's, key pads, etc.) for the aerospace, medical, transportation, and communications fields. It is highly regarded for its custom designed and integrated components. NTG focuses on a newer product line which monitors pipeline infrastructure utilizing satellite and digital cellular technologies. Pipeline companies can monitor their assets for changes, 24/7, and receive instantaneous information from points all along their distribution networks. From lightning strikes to terrorist strikes, changes in the pipeline are instantly transmitted. Radix, acquired in 2008, designs and manufactures rugged handheld computers and peripherals for use in critical "harsh environment" and demanding mobile conditions. In July 2009, Elecsys acquired all the assets of a Swiss company which provides unique RFID tracking technologies for a diverse group of industries. The integration of this acquisition should provide a springboard for future applications across multiple product lines. Imagine tracking medical instruments, railcars, NASA parts, and military devices, to name a few, throughout their useful lives, no matter what environments they encounter. In January 2010, Elecsys acquired SensorCast, LLC. This company provides "complete end-to-end solutions encompassing reliable data acquisition hardware, proprietary communication protocols, and a secure web-based data management system" and allows Elecsys to become completely vertically integrated in this new and rapidly growing wireless machine-to-machine or M2M technology. We anticipate fiscal 2010 (ending April '10) numbers will not match last year's numbers; however, the company is building a base for growth and owns the proprietary platform which can provide that growth. Despite the lack of earnings, we believe the company's prospects are excellent and that Elecsys Corp is clearly one to watch and definitely one to own. 

     As for the stock, we recommend purchase of ESYS in stages. If possible, buy a 1/3 position between 2.25 and 2.75, another 1/3 between 2.75 and 3.25, and the last 1/3 between 3.25 and 3.75. The current price is 3.21. Our suggestion, as always, is to make your purchases on days of market weakness. Remember, purchasing a stock is never an emergency. We will keep you abreast of any news. Thank you.