Kreisler Manufacturing (KRSL) manufacturers precision metal components for the Commercial Aerospace, US Military aircraft and Power Generation. All late cycle sectors that have strong backlog and fundamentals. The company is growing revenue 25%+ and backlog of $32.4M which is greater than 100% of TTM revenues. The stock is cheap trading at 8.9x FY08e EPS of $1.20. The company has $7.5M in cash and no debt and is trading at 2.44x ev/ebitda. The company has a long term contract with UTX and seems like a great buy at current levels.