Long Position on AIN @ $29.65 on 4/12/2013 (Rumor)

Albany International (AIN) engages in the textile and materials processing businesses worldwide.

The company operates in two segments, Machine Clothing and Engineered Composites. The Machine Clothing segment designs, manufactures, and markets paper machine clothing, and engineered fabrics and belts used in the manufacture of paper and paperboard. This segment also offers forming, pressing, and dryer fabrics; consumable fabrics used to process paper pulp; belts used to make nonwovens, fiber cement building products, roofing shingles, and corrugated sheets used in boxboard; belts used in tannery and textile applications; and nonwovens, including diapers, personal care and household wipes, and fiberglass-reinforced roofing shingles.

It sells its products directly to customer end-users, which include paper industry companies, nonwovens manufacturers, and building products companies. The Engineered Composites segment offers custom-designed composite structures based on proprietary technology to customers in commercial and military aircraft engine and airframe markets.

Shares have formed a bullish "cup & handle" and higher prices are expected for this stock.

We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.

52-Week Trading Range:  $14.74 - $30.10

Entry Point:  $29.65

Stop Loss:  $28.16

Target Price:  $32.61

Updates

4/16/2013 9:57:10 AM

We lost AIN to the downside at $28.00

Position closed on 4/16/2013 at price of $28.00 with a -5.56% loss in 4 days.

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