Top Industrial Goods Short-Squeeze Plays

Stock quotes in this article: HEI , AMG , HWAY , MINI , HOS , AMN , NEU  

Another industrial-goods stock with a high short ratio is Mobile Mini(MINI Quote), which is in the business of portable storage products. The company just issued guidance for 2008, with an earnings forecast of $1.50 to $1.60 a share.

It also just entered a new Canadian market, purchasing the portable storage and mobile office division of Centreline Equipment Rentals of Ontario. The stock, which has a short ratio of 20.4, has a P/E of 15 and PEG of 0.8.

Mobile Mini is a stock owned by Pacific Advisors Small Cap A Fund, which invests 80% of its assets in small-cap companies. The fund has generated an average annual return of more than 36% over the last five years. Pacific Advisors also owns Hornbeck Offshore Services(HOS Quote), with a short ratio of 9, Terra Industries(TRA Quote), with a 6.4 short ratio, and Kirby(KEX Quote), with a 3 short ratio.

Ameron International(AMN Quote) is another stock with a high short ratio -- 14. This engineered products and materials manufacturer has a P/E of 14, a PEG of 1.2, and it pays a yield of 1%.

Ameron is part of Claymore/Sabrient Stealth Fund, an ETF that tracks the Sabrient Stealth Index, which contains 150 stocks having little or no Wall Street analyst coverage. Other stocks in the portfolio include Lindsay(LNN Quote), with a 10 short ratio, and NewMarket(NEU Quote), with a 5 short ratio.

For a complete list of the top 10 industrial goods stocks with the highest short ratios, check out the Top Industrial Goods Short-Squeeze Plays at Stockpickr.com.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for The Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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