Methode Electronics (NYSE: MEI): Could Rocket 60% Higher by Mid-2014

I'm a big fan of buying stocks that have recently hit a new all-time high. Clearly they have strong momentum, but the main reason is that, because there is no overhead resistance, they often go higher.
And when that bullish chart is supported by a strong fundamental story, combined with a small, but steady dividend, the stock is often a winner. One stock that meets these criteria is small-cap Methode Electronics (NYSE: MEI), which manufactures component devices for original equipment manufacturers, including electronic, sensing and optical technologies.
With a market cap of just over $1 billion, this global manufacturer's main business segments are automotive, interconnect and power products. Automotive -- its largest segment -- currently accounts for about 60% of the company's revenue. This division supplies electronic and electromechanical devices and sensors to companies like Ford (NYSE: F) and General Motors (NYSE: GM). (more)

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