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10 Hottest Small-Cap Stocks of 2012

Biotechs make up most of this high-flying crowd

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#7: Patrick Industries

YTD Performance: +255%

Patrick Industries, Inc. (NASDAQ:PATK) is a distributor of building products and materials that are used in the mobile home and RV industry. Bullishness on housing has lifted Patrick in 2012.

As we saw with large-cap stocks, the sense of a bottom in the real estate market has lifted many builders and related companies, including D.R. Horton (NYSE:DHI), Lennar (NYSE:LEN) and PulteGroup (NYSE:PHM). All three of these picks are members of the Top 10 S&P Stocks of 2012 list as of Q3.

In its fiscal second quarter, reported recently, Patrick posted EPS of $1.22 — more than the entire earnings of fiscal 2011 and fiscal 2010 put together! And when you consider that PATK lost money in both 2009 and 2008, you can understand why investors believe in this turnaround small-cap.

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