Business Services Industry
Fundamentals pay off; Careful growth, increased demand and healthy profits propelled these Michigan public companies.(Special Report)
Crain's Detroit Business, July, 2004
1. Noble tells a story with a happy ending A year ago Noble International Ltd. saw itself in a major growth industry, laser welding, but stuck with the label of a small-cap auto supplier dependent on Big Three auto production. But Warren-based Noble (Nasdaq: NOBL) shed that label last year, along with some noncritical businesses, and tops this year's Michigan Superstar 10 stock list with a one-year return of 195.36 percent on its stock.
Noble produces laser-welded blanks for auto assemblies. Laser welding is relatively new in the auto industry, and its use is growing. The average number of laser welds per vehicle is expected to triple by 2008. Laser welding quickly joins metals of various thicknesses and quality with a strong bond, reducing the amount of...
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