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I think it is kind of a gambling thing with the pennies. Not as much excitement with real stocks even though in the long run an investor will do better overall with these.
I should hope so. LOL
I've often wondered why they waste so much time to make hundreds with the pennies when one can make thousands in big board stocks like BOLT.
To each his own, I guess. ;)
Edit..No criticism and certainly no offense intended by my statement. ;)
Our little flurry of activity moved BOLT up to number 11 on the top 15 forums list. That will shock the penny players - lol.
Do what I do...go with your gut feeling, Investor.
I have three, actually four including BOLT on my watch list right now...am just waiting for that woman's intuition to hit me...
Maybe I should be thinking hard about it anywhere under $17
I see the 52-week low was $14.67.
We might see that again...
True that!
I hope it continues. Am tired of this one step forward, two back market (the Texas two-step is what I call it). LOL
The only question is where is the bottom for BOLT?
I like everything I see but don't want to ride it down..... would like to buy under $15.
Yes I did..... a nice change of pace.
I think you have to look at this one as a growth stock.
Bolt Technology Mulls Acquisitions
08/26/2008
Bolt Technology Corp. said that the company has excess cash and is actively looking for acquiring companies. The company also reported a 31% increase in its sales and a 37% increase in its earnings, over last year. Raymond M. Soto, Bolt's Chairman, President and CEO, said: “We are pleased to report our third consecutive year of record sales and earnings in fiscal 2008. Worldwide demand for our seismic exploration equipment, including the products of Real Time Systems which we acquired at the beginning of the year, continued at high levels. Sales of $61,635,000 increased 31% and earnings of $13,709,000 increased 37% over last year. We currently have cash in excess of $20,000,000 and we are actively seeking additional companies for acquisition.”
They currently have no debt.
I see a price target of $30.00...
Not bad, eh?
P/E 10.72
This is a stock I like.
Another question would be.... How much room for more growth?
And the low OS can be very volatile.... Either way...
Sounds good, Investor...
Have them on my watch list.
Hey, did you have a nice green day today?
Surely you don't consider BOLT boring, do you?
It looks worthy of a few duckets. A dividend would make it more attractive.....
Even Vanguard and Barclays are holding positions.
Institutional holdings.
Ownership Analysis # Of Holders Shares
Total Shares Held: 75 4,556,696
New Positions: 24 632,937
Increased Positions: 43 1,579,360
Decreased Positions: 24 1,031,449
Holders With Activity: 67 2,610,809
Sold Out Positions: 12 202,382
I'm still looking but I can't find any bad numbers anywhere.
Blackrock being one of them.
Lots of institutional activity reported June 30th.
This article from Jan 23rd might be the reason.
Bolt Technology posts Q2 EPS below the Street
Bolt Technology Corp. (Nasdaq: BOLT) reported second-quarter fiscal 2008 earnings below the consensus on Wall Street, but noted that the outlook for the remaining six months of the fiscal year remains positive.
For the three months ended Dec. 31, 2007, the developer of seismic energy sources and underwater connectors used in offshore seismic exploration for oil and gas recorded net income of $3.6 million, or $0.42 per share, a 52% increase over net income of $2.37 million, or $0.28 per share, earned in the second quarter last year.
The company also issued a 3-for-2 stock split which will be distributed on Jan. 30 and was incorporated into the firm’s earnings release.
The company's current quarter earnings were below the $0.68 per share estimate an analyst polled by Thomson Financial was projecting; however, the analyst's estimate does not incorporate the stock split. Adjusting for the stock split, the analyst's estimate is $0.45 per share, still above the $0.42 the company recorded.
Sales were $17.43 million, roughly in line with the $17.13 million that two analysts polled by Thomson Financial were on average forecasting. The current quarter’s sales represented a 42% increase over the $12.27 million booked in last year’s second quarter.
Sales of Bolt’s geophysical products during the first six months of fiscal 2008 increased 50% compared with the first six months of fiscal 2007; however, sales of Real Time Systems Inc., which the company acquired at the beginning of its fiscal 2008 first quarter accounted for over 26% of the increase.
Shares of Bolt Technology (BOLT) edged down 1.92%, or $0.50, to $25.50 ahead of the opening. Shares of Bolt Technology have been trading in the range of $19.39 to $59.35 for the past 52 weeks.
Nasdaq took a whoopin' mid January....
Yeah, seems a little fishy...
That should have been a reason for it to go up, not get hammered.
LOL - She runs the WFC board.
There must be some reason buried in the PRs or 10k.
What... Boring ones? :~)
Gotta figure out why they got hammered for the exchange change.
I'll let NovoMira know - she likes these types of stocks.
I'm old.... leave me alone - lol
What's it gonna take to get discovered?
Bolt Technology Moves to the NASDAQ Global Select Market
Business Wire News ReleasesPublished: 01/03/08
Bolt Technology Corporation (BTJ) today announced that it has received approval to list its common stock on the NASDAQ Global Select Market. It is expected that the stock will begin trading on the NASDAQ Global Select Market on or about January 15, 2008 under the symbol “BOLT”.
The Company’s common stock currently is listed on the American Stock Exchange and trades under the symbol “BTJ”. The Company will voluntarily delist its stock from the American Stock Exchange in connection with the switch to the NASDAQ Global Select Market.
Raymond M. Soto, Bolt’s chairman, president and CEO commented, “Bolt Technology extends its appreciation to the American Stock Exchange and Cohen Specialists, LLC for the services and support provided during our years on the AMEX exchange.”
Mr. Soto added, “We believe our move to NASDAQ’s electronic multiple market structure should result in enhanced visibility within the investor community, increased liquidity for our stock and faster executions of trades at the best prices.”
Bolt Technology Corporation is a leading worldwide developer and manufacturer of seismic energy sources, seismic energy source controllers and synchronizers and underwater cables and connectors used in offshore seismic exploration for oil and gas. Bolt also designs, manufactures and sells precision miniature industrial clutches, brakes and electric motors.
No.... Two weeks ago. lol!
What's worse is that I just posted on this board a day ago - senility.
Bolt Technology Corporation Announces 3-for-2 Stock Split.
Business Wire News Releases
Published: 11/20/07 10:47 AM EST
Released By:
Bolt Technology Corporation
Bolt Technology Corporation (BTJ) today announced that its Board of Directors has approved a 3-for-2 stock split of the Company’s Common Stock. Each stockholder of record at the close of business on January 16, 2008 will receive one additional share for every two shares of Bolt Common Stock that they owned on such date. The additional shares will be distributed on January 30, 2008. Cash payments will be made to shareholders in settlement of fractional share interests resulting from the distribution. The stock split will increase the Company’s issued and outstanding shares from approximately 5,700,000 to approximately 8,600,000.
Commenting on the split, Raymond M. Soto, Bolt’s chairman, president and CEO, said “The decision to split our stock reflects our confidence in the sustainability of our Company’s growth and should make investing in our stock more accessible to a larger number of investors.”
LOL! I guess so. See what old age is doing to ya. :~)
This company is an undiscovered gem. Only 8 1/2 million shares in the O/S, no debt and over 20% annual growth over the last 5 years. It isn't covered by any analysts (a plus from my point of view) With the stock price down where it is, it looks like a bargain.
Bolt Technology
Seismic equipment developer Bolt Technology's impressive fundamentals -- strong cash flow, high earnings growth, and zero debt -- have made it a big star among CAPS members. The company acquired Real Time Systems last year, and the acquisition has already contributed more than 15% to its earnings in the first nine months of its fiscal year. Management expects fiscal 2008 to be another record earnings year for the company.
Impressive move today despite Mr. Markets down draft...
Hey, now this ticker is correct! BOLT
I guess I asked nice, and the "powers that be" made the corrections. Thank you.
I'm digging into the DD again on this one and have it on my watch "want to buy" list.
Whats the chance that some will buy this company, has there been any rumors about this ???
MarketGrader currently has a BUY rating on BOLT TECHNOLOGY CORP (BTJ), based on a final overall grade of 79.7 scored by the company's fundamental analysis. BOLT TECHNOLOGY CORP scores at the 99th percentile among all 5445 U.S. listed equities currently followed by MarketGrader. Our present rating dates to November 18, 2005, when it was upgraded from a HOLD. Relative to the Oil & Gas Equipment & Services sub-industry, which is comprised of 66 companies, BOLT TECHNOLOGY CORP's grade of 79.7 ranks seventh. The industry grade leader is GULFMARK OFFSHORE INC (GLF) with an overall grade of 85.8. Relative to the Oil & Gas Equipment & Services sub-industry which has returned 17.11% in the last six months, the stock has performed poorly, up 15.14%, albeit better than the S&P 500's 7.58%.
with some of our NEW found riches...maybe we can add some of this, and ALOT of other great companies...RJ
well maybe later for me you know where my is going
Thanks, this is a nice company that is just being accumulated...RJ
nice board wish you well on it
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