Astronics Corporation’s (NASDAQ: ATRO) stock price is up 100% year-to-date (YTD) as of the end of May and is heading higher for two reasons. Its business is good, and legacy issues are quickly fading. Those involve patent disputes that were dismissed by numerous jurisdictions and upheld in only one.
The critical details for investors are that the patents in question expired years ago, there is no impact on current operations, and damage awards are already factored into the cash flow and balance sheet. The only question that remains is how high this stock might fly, and it is quite high due to rapidly improving profitability and demand for product.
