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chart looks very close here
for a breakout imo. Wouldn't take many shares to run this to 1$ or more imo.
Posted by: Rawnoc Date: Monday, August 03, 2009 11:09:58 AM
In reply to: MikeDDKing who wrote msg# 495 Post # of 502
Hank's shares gobbled up -- time to break $1 ?
08/05/09 10:34 AM EDT Sell 1338 DAAT Executed @ $0.8288 Details | Edit
08/05/09 10:33 AM EDT Sell 1200 DAAT Executed @ $0.8288 Details | Edit
08/05/09 10:33 AM EDT Sell 350 DAAT Executed @ $0.8288 Details | Edit
And there is more..?? hank
hank? lol.. i sent 5k.. no fill yet
You can probably buy 8888 shares at .8288 if you want lol
about to breakout.. trying to get some .83's now
It could be time to break $1.
Hank's shares gobbled up -- time to break $1 ?
Yes, Cabela's carries DAC cleaning kits.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32650571
I was just in Cabelas yesterday, and was surprised to see so many people in the gun section looking at tree stands, ammo, cleaning kits, etc. Getting ready for hunting season. If Im not mistaken Cabelas carries DAC cleaning kits.
I know you aren't a into technicals, but DAAT's chart looks fantastic. Volume coming in today as well.
http://screencast.com/t/tpLvNM5i
DAAT earnings should be reported by August 14th unless they file for an extension. Last year they reported on August 14th.
Do you know when DAAT plans to release earnings? I am guessing around the 15th of next month, but thought I would ask. I bought a few shares at 0.75 and 0.731 today.
DAC Technologies Named "Company of the Month" in July Issue of The Bowser Report
and Announces Second Quarter and Six Months Sales Increase of 23%
LITTLE ROCK, AR, Jul 22, 2009 (MARKETWIRE via COMTEX) -- DAC Technologies (DAAT)
today announced that it has been selected as the "Company of the Month" in the
July 2009 edition of The Bowser Report. The Bowser Report is a monthly,
subscription-based, newsletter that highlights small cap stocks trading on the
NYSE, NASDAQ and AMEX at $3.00 per share or less. Companies featured in the
publication do not pay for coverage or research. The Bowser Report, founded by
Max Bowser, now in its 33rd year, was selected as one of the top ten newsletters
in 2005 by the Hulbert Financial Digest.
David A. Collins, Chairman and CEO, stated, "We are pleased to be selected as the
featured company in The Bowser Report. The Newport News, Virginia company uses
fundamental analysis to select and recommend companies. Companies do not pay for
the research and coverage and do not edit the newsletter's recommendation. In
fact, I knew nothing of the report until I was told about it by a third party."
Collins also stated, "Everyone at the Company has worked very hard to build a
sound financial base and consistently profitable company."
The Company today also announced net sales for the six month period ending June
30, 2009 of $6,676,702 versus $5,440,027 for the same period in 2008. This is an
increase of $1,236,675, a 23% increase. For the three months ending June 30,
2009, the Company announced net sales of $3,143,261, versus $2,724,258 in 2008.
This is an increase of $419,003, a 16% increase.
Collins further stated, "The Company has been concentrating on its core business
of gun cleaning kits and gun accessories and has had substantial increases in all
these areas. A decision was made not to manufacture very low gross margin items
such as game processing kits, meat grinders and fireplace equipment. Although
this causes loss of revenue, the Company felt it was best to concentrate on our
core business and increase gross margins. The Company still projects revenue of
$15 to $17 million, but with substantially higher gross margins, with 12 to 15
cents in earnings per share."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high
quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting
goods, household cleaning products and various hardware items. DAC distributes
its products through mass merchandisers such as Wal-Mart and Kmart, and sporting
goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR,
Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks
to OEM gun manufacturers such as Glock, SigArms, Savage, Weatherby, as well as
others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press release
(as well as information included in written statements to be made) contains
statements that are forward looking, such as those relating to consummation of
the transaction, anticipated future revenue of the Company's and success of
current public offerings. Such forward looking information involves important
risks and uncertainties that could significantly affect anticipated results in
the future and, accordingly, such results may differ materially from those
expressed in any forward looking statements.
For Shareholder Information please call:
1-800-920-0098
Email Contact
SOURCE: DAC Technologies Group International, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=D929B55C10269CC4
Copyright 2009 Marketwire, Inc., All rights reserved.
Good to see CIT getting a lifeline after the big boys got theirs.
I just cancelled the rest of a sell order at 75 cents now that I'm up. with the apparent clearance for CIT, I can get back to not having to worry about the factoring agreement :) Don't know if it even would have been an issue but had some doubt on it.
CIT Group was bailed out over the weekend by bondholders. To the extent this may have been an issue it isn't any longer.
http://finance.yahoo.com/news/Report-CIT-Group-board-OKs-3-apf-227897776.html?x=0&.v=14
I've been trimming my DAAT last couple days (so has someone else in small amounts from what I've seen). Trimmed more today but am about done and am defintiely keeping some.
It looks like their Factoring agreemement is with CIT and I didn't want to have that big a position not knowing the future of CIT and not clearly understanding what might happen if CIT were to fail.
That said, I think the only risk to DAAT is IF CIT goes under completely and that is not necessarily going to happen. Hopefully Gubmnt bends JPM and GS into a bailout/financing of CIT under some kind of circumstances since Gubmnt already said no to CIT. I'm pretty sure the Gub is in the loop with GS, JPM, and CIT and using a little pressure on the big investment banks to help Gub now that the investemnt bank bigs have reaped the taxpayer money rewards.
Also, I am not sure what potential effect it might have to DAAT and the factoring agreement if any.
Seems like worst case would be some short term probs switching to a new factor agreement with someone else and maybe a one time hit if CIT did not pay their outstanding balance on the ARs in the factoring agreement (which might cause some short term supply issues possibly too but this is all not even an issue at present with CIT still afloat and I'm not sure any of it would happen).
So I did a bit of SSKILLZ and sold some first before asking questions since I don't have a good grasp on the potential risks.
But I'm still holding about half of what I had and still like the prospects quite a bit minus the above possible future negative.
Anybody have any thoughts on this?
Considering earnings are coming soon I think there is potential to get a good pop on the #s if they are good now that the overhang has been locked up into a 10%+ owner (IMO).
Here's an interetsing article showing the importance of CIT and hopefully the need to save them in some fashion:
http://finance.yahoo.com/news/CIT-collapse-could-ripple-apf-3100754520.html?x=0&.v=3
Seems like if DAAT could find alternative financing to CIT that this may be mostly a non issue but I'm still not sure.
Thanks littlefish & Scott Clark. DAAT is looking great with the Bowser following. I'm on vacation right now which is why my response was delayed.
Accdng to Timhyma (from VMC board), Bowser report picked up DAAT for its monthly favorite:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39509242
Yay, finally knocked out the seller looks like (hopefully). You have a decent #1 pick in your port IMO (it's my #3)... Not sure how long the gun/ammo play will be in effect, but I like DAAT.
Incidentaly, a guy at work that is a gun "Freak?" Ya, freak... Said he had a DAAT kit, the bigger super deluxe model (he owns several types of guns).
Oddly, his favorite thing in the kit were the little cleaning patches. He said he liked them because they don't leave any lint or residue but many other cleaning type materials do. He seemed favorable on the kit.
DAAT's chart looks ready, especially if it can get over $0.75. I added quite a few shares today and will add more when it breaks.
Can you call them and give them and leave a message from me?
Don't let the door hit you in the ass on the way out.
Thanks.
A 13G filing was made by Praetorian Capital Management indicating that they are down to 34,171 shares. This confirms what was expected and removes a major trading overhang!
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6693090-1814-15756&type=sect&TabIndex=2&companyid=71390&ppu=%252fdefault.aspx%253fcik%253d1102750
wow, that's nuts....and great news!!
MidSouth Investors Fund was apparently the buyer. They just filed a 13G indicating that they own 1,027,308 shares or 18% of DAAT. In their prior filing they indicated that they owned 370,000 shares so they purchased more than just those 555,200 shares from Praetorian!
That removes a big source of overhead resistance as the stock has moved to stronger hands!
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=6692588-1664-6615&type=sect&TabIndex=2&companyid=71390&ppu=%252fdefault.aspx%253fcik%253d1102750
555,200 shares were sold at $0.65.
What price did the 555,200 cross at?
I was somewhat wrong. Kennerman Associates, Inc. has a 13G filing out there for 785,020 shares. However, they have to file because the shares are held in accounts of certain of their investment advisor clients. That means that those shares are held across multiple clients. Likely none of their individual clients own 555,200 shares.
I still think that Praetorian is likely the seller. We will know soon.
555,200 shares just crossed. That likely is Praetorian.
Edit - That has to be Praetorian. They are the only one with that many shares.
Smith & Wesson up as analyst predicts sales jump
http://www.businessweek.com/ap/financialnews/D98RV5G00.htm
+.12 - .14 EPS guided for 2009 or a PE ratio of under 6
Book value by year's end will be $1.00 per share and the stock is at .70 per share. DAAT is still a no brainer.
I have had a 15-minute look at this.. have you guys considered a couple of things, like the following:
- this increase in gun sales is apparently because everybody is worried that Obama is going to bring in anti-gun legislation, so get it now while you still can. Well, that means that this is/ was a temporary investment hypothesis. Could be that the hose has left the barn on this one. It just might be over.
- the indicators are high, indicating a pullback may happen.
- it has had a steep rise, some profit-taking is bound to occur.
- thee were a couples of macroeconomic thing sin the last report that are working against them right now as well... like the US dollar. they were saying that the devaluing of the USD helped their profitability.
all things that say now is not the right time to invest in this puppy.
Lastly,,, I don't see a spinglefluke formation forming. That is the kicker for me.
is someone stocking up for a civil war? Kinda scary!
go to a gun show...you can't even find any damn ammunition...sold out except for garbage i wouldn't put through a weapon of mine....gun sales and all realated items going apeshit crazy
I had to step away mid afternoon so I missed that. Thanks for posting. Very impressive!
See that 100K trade at EOD? wow!
yay! got my shares back at a profit.
In general, you do not want to be long on the day of earnings. Most of the time sells off, even on good earnings. Help us if they are not good.
CR*P!!! I didnt see this till now. Sold 25% of my holdings at 0.749 this morning :(
At least IMO.... they growing nicely.
What do you think about the PE? 10? 15?
12-14 cents per share guidance too!
DAC Technologies Announces a 23% Increase in Sales for April and May
LITTLE ROCK, AR, Jun 08, 2009 (MARKETWIRE via COMTEX) -- DAC Technologies (DAAT)
today announced net sales of $2,161,691 for April and May, as compared to
$1,760,412 for the same two months in 2008. This is an increase of $401,279, or
23%.
David A. Collins, Chairman and CEO, stated, "The Company is enjoying revenue
increases in its core business of firearm accessories. These increases are coming
from a variety of customers, such as Cabela's, Academy Sports, and firearm
manufacturers such as Sig Arms and Savage, to mention a few. The Company has also
received a commitment from Wal-Mart for a large Holiday/Christmas promotion of
its deluxe gun cleaning kit. All gun cleaning kits and accessories sold to
Wal-Mart for the coming season will be under the Winchester(R) brand name as part
of a licensing agreement between the Company and Olin Corporation, owner of the
Winchester(R) trademark."
Collins further stated, "We feel privileged to be working with the world famous
Winchester name. As discussed in our 2008 year end report, the Company will not
be manufacturing its low gross margin items such as game processing kits, meat
grinders, and fireplace equipment, instead focusing on its core items. The
Company looks forward to significantly increasing its net earnings in 2009, to
12-14 cents per share."
About DAC:
DAC Technologies Group International, Inc. is an outsource manufacturer of high
quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting
goods, household cleaning products and various hardware items. DAC distributes
its products through mass merchandisers such as Wal-Mart and Kmart, and sporting
goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR,
Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks
to OEM gun manufacturers such as Glock, Sig Arms, Savage, Marlin, Weatherby, as
well as others. Also, DAC's products are distributed through catalog companies.
The Private Securities Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. Certain information included in this press release
(as well as information included in written statements to be made) contains
statements that are forward-looking, such as those relating to consummation of
the transaction, anticipated future revenue of the Company and success of current
public offerings. Such forward-looking information involves important risks and
uncertainties that could significantly affect anticipated results in the future
and, accordingly, such results may differ materially from those expressed in any
forward-looking statements.
For Shareholder Information please call
1-800-920-0098
Email Contact
SOURCE: DAC Technologies Group International, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=654727A171DC51E1
Copyright 2009 Marketwire, All rights reserved.
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COMPANY ADDRESS:
DAC Technologies Group International, Inc.
12120 Colonel Glenn Road (Suite 6200)
Little Rock, AR 72210
Telephone: (501) 661-9100
WEBSITE: www.dactec.com
COMPANY DESCRIPTION:
DAC Technologies Group International, Inc. is an outsource manufacturer of high quality, reasonably priced security safes, gunlocks, gun cleaning kits, sporting goods, household cleaning products and various hardware items. DAC distributes its products through mass merchandisers such as Wal-Mart and Kmart, and sporting goods retailers and distributors such as Cabela's, Acusport, Jerry's, RSR, Maurice, Academy Sports, Sports Authority and others. DAC also provides gunlocks to OEM gun manufacturers such as Glock, SigArms, Savage, Marlin, Weatherby, as well as others. Also, DAC's products are distributed through catalog companies.
DAC Technologies Group International, Inc. is in the business of developing, marketing and outsourcing the manufacture of various consumer products, patented and non-patented. The Company’s primary business is gun safety and gun maintenance with a target consumer base of sportsmen, hunters and outdoorsmen, and recreational enthusiasts. The Company’s products have historically been security related, evolving from various personal, home and automotive electronic security devices, to firearm safety devices such as gun and trigger locks, cable locks and safes. In 2003, the product line was expanded to include a line of gun cleaning kits and accessories. This line has continued to be expanded, and through the third quarter of 2007 has accounted for approximately 55% of the Company’s sales revenues. In 2005, the Company began developing products in the hunting and camping market, adding a line of meat processing items. The Company continues to develop this market, having added a knife processing kit, aluminum camping table and turkey seat. Hunting and camping has accounted for 31% of the Company’s sales through the third quarter of 2007. The Company has begun to expand its product line into household products, adding a wooden fireplace bellow in the third quarter of 2007, and started production of three cleaning dusters that will begin to ship to customers in December 2007. Although a significant portion of our business is with the mass-market retailer Wal-Mart (approximately 61%), we have been able to considerably increase our business with large sporting goods retailers, distributors and catalog companies. The majority of the Company’s products are manufactured and imported from mainland China and shipped to the Company’s central warehouse facility in Little Rock, Arkansas for distribution. These products, along with other items manufactured in the United States, are sold primarily to mass merchants and sporting goods retailers throughout the United States and international locations.
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