Investology Research Issues In-depth Report on Penn Engineering & Manufacturing Corp. (PNN) with a Buy Rating

Investology Research Issues In-depth Report on Penn Engineering &
Manufacturing Corp. (PNN) with a Buy Rating 


POTOMAC FALLS, Va., June 8  /PRNewswire/ -- Investology Inc., an independent
research company, issued an in-depth report on Penn Engineering & Manufacturing
Corp. (NYSE:PNN) with a Buy rating and a 12-month target price of $24/share. 
Sam Kiri, CFA, initiated coverage on the company.  The Buy rating is premised
on the cyclical recovery for the sector, PNN's valuation discount, and
likelihood of a generous dividend in FY04.  PNN's industry sector is just
entering a growth phase during which all the sector players historically have
reported record earnings.  PNN manufactures fasteners, motors and other
industrial machinery components for a plethora of end-markets ranging from
telecommunication to aerospace.

Sam Kiri, CFA

Sam has over 12 years equity research and asset management experience in both
North America and the Far East, with research expertise in Banks, Resources and
Energy (Oil & Gas) sectors.  He was based in Asia Pacific and was employed by
an affiliate of W.I.Carr Indosuez group.  In 1999, he moved to North America
and was a member of the research team of a large asset management firm in
Canada, which has over C$17 billion assets under management.  Sam is a CFA
Charter Holder, a qualified Management Accountant and has a MBA from England.

About Investology Inc.

Investology Research focuses on micro-cap and small-cap stocks, which lack
coverage by traditional research firms or investment banks.  Investology Inc.
is headquartered in Virginia (703-636-4300), with offices in New York and
Toronto, Canada.  Investology research reports are available on First Call,
Zacks.com and Bloomberg.

To download the report, click on:
http://www.investologyinc.net/pages/7/index.htm or go to
http://www.investologyinc.net/

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issued are submitted solely for information purposes and no guarantee or
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buy or sell the securities mentioned or discussed.  Investors should conduct
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respective reports.

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CONTACT:  Nadeem Naqvi of Investology Inc., [phone] 

DATASOURCE: Investology Inc.



CONTACT:  Nadeem Naqvi of Investology Inc., [phone]



Web site:  http://www.investologyinc.net/

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