National Technical Systems Inc (NASDAQ:NTSC)

On July 20, 2010 we coded NTSC as a GeoSpecial @ $7.69.  It had previously been on the GeoSpecial on the Radar list since June 24, 2010 @ $6.80. 

Short term road block:

2010 first quarter financials gave us a glimpse of  the kind of results NTSC may be able to achieve as order flow becomes more consistent and its new business strategy takes hold.

We are not ready to assume that NTSC can currently achieve consistent 30% EPS growth. Investors will need to witness the company's ability to consistently eclipse its historical quarterly EPS range of $0.06 to $0.11, as it did when it grew 2010 adjusted first quarter EPS by 183.3% to $0.17. Although, we do think the company is one acquisition or a few contracts away from being able to maintain first quarter EPS levels. (The company did not comment on this assumption).  Short-term investors may want to wait for the release of the company's 2010 second quarter results, scheduled for Monday, September, 13, before making an investment decision.