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Last year earnings were anounced in the first week of September: http://www.findarticles.com/p/articles/mi_m0EIN/is_2005_Sept_8/ai_n15373605
1. It just came off the OTCBB, and hence not many people know about. it
2. Was bid up to over 5.00 very fast, then everybody went to the exit at the same time.
3. Fundamentally nothing has changed except it's the summer doldrums, worst time of the year for the market.
4. Everything (good of bad) will be straightened out at earnings probably the first or second week of September.
5. AUTO.OB is in the same type of business. This industry is very strong as of now as witnessed by strongs revs and earnings by both companies.
6. This is a penny stock (under 5.00). Penny stocks move up and down like a yo yo.
Ah, well. Only thing I find somewhat troubling is that the slide isn't just due to no volume- have had some decent, though not huge (that I remember), days. Not that I'm a TA guy, as I've said, but it's an "input".
Been picking up some through the mid-2's when I can. Don't have much dry powder these days.
> Don't know. S_F, what's going on?
> Looks like I just missed a 2.10 fill today. :-P
You got me...
I originally thought the run-up was due to institutional/fund buying, but the Nasdaq Site shows that Bjurman Barry sold their position, while a new fund, Whitebox Advisors took a new position, though it is too small. This data was updated on 6/30/06, which would include the trading that made the pps run to $5.40. Although this isn't conclusive evidence, it points to the run being a MoMo by parties unknown, and not an institutional/fund investment...more waiting again.
Don't know. S_F, what's going on?
Looks like I just missed a 2.10 fill today. :-P
Gladtahearit! Just got the confirmation, and while my limit order was @ 3.02, I was actually (at least part of) the 2.90! :)) I wish some other issues were as good to me as TLG...
> I had a tiny little limit order in the low-low 3's
> that just filled. That was fun, Daddy, can we ride
> again? >G<
3's the 50-dma, so that seems like a good place to start
again. This has been quite the 4-day Smack-Down! Lots of
panic...
I had a tiny little limit order in the low-low 3's that just filled. That was fun, Daddy, can we ride again? >G<
Target Logistics Acquires Assets of New York based Freight Forwarder
BALTIMORE--(Business Wire)--July 13, 2006--
Target Logistics, Inc. (AMEX:TLG), a domestic and international freight forwarder and logistics provider, today announced that its wholly owned subsidiary Target Logistics Services, Inc. ("TLSI") has acquired certain assets of Discovery Air Cargo, Inc., a freight forwarder providing a full range of services to the New York City and Long Island area. Terms of the acquisition were not disclosed. The acquisition is expected to add $7 million in annual revenues to Target.
"This transaction is a continuation of our acquisition strategy," Stuart Hettleman, Chief Executive Officer of Target Logistics said. "We are pleased to be adding a very experienced group of industry veterans to our team and believe that this will significantly enhance our existing presence in the New York market. This acquisition complements our existing New York station and will allow us to realize synergies through the savings of redundant expenses and the further leveraging our existing freight volume."
Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 34 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.
Cameron Associates Paul G. Henning, 212-554-5462 paul@cameronassoc.com
OT: MPAA ls 12.40
10K numbers are out this morning.
For fiscal 2006:
First Second Third Fourth
Quarter Quarter Quarter Quarter
income per share $ (0.17 ) $ 0.14 $ 0.24 $ 0.22
> Honeymoon Over(for now)?
lol -- that recent run may have just been the Groom carying the
Bride across the Threshold! :)
The 5d MA is 4.29, so we're bouncing about the mean...I think
we'll get an idea of how's she's holding up today.
Honeymoon Over(for now)?
Glad you two made some cash.
Still here as an interested observer. Sold out at $1 a little less than two years ago. Had a wedding to pay for....... worth it though!
Hoping you'll see $8+ down the road. This stock is on many more watch lists now.
Thanks. You had a nice return on your position.
It's early days still. There's been a lot chatter about TLG
on the MoMo boards here on IHub, so there's bound to be some
volatile swings. I'm curious to see if the same dudes who were
buying all the available shares, starting at $3, will be back
for more. They had some very deep pockets -- more funds I hope.
Yeah, I wanted to set it above 5, so it's not surprising. Down to the taxable account now.
Congrats, you deserve to see something come of that $$ after so long!
Did you get stepped out?
It's way above the 5d MA, so a pull-back was inevitable.
There's no way any stock can go straight up forever... :)
I've been selling for days: sold ~90k shares, and still
holding 105k shares. Thought I should lock something in.
I've been "very long term", so no reason for me to jump
ship completely. Maybe it'll be double digits in a few years.
That takes care of that, lol. Serious profit taking?
Yeah yeah... 20 minutes late. ;)
There's your $5...phhttt.
:)
> Can we bust 5 today?
lol -- $4.95 was close enough...
The demand for shares today was very impressive.
We'll know TARG has arrived when we get some
bashers 'round here...lol.
It's all good, when it's plus! Congratulations!
)
Let go of another 1k at 4.48. She sure is runnin', but I'm a fundamentals guy... Still got a month to go for LTCG on the taxable account, so may do better despite myself >G<.
Already left .17 on the table in the time it took to type this!
It's a beautiful thing, to see them march their way through the
available shares -- like a Hoover.
Beautiful.
Comparison with competitors:
EAGL -- profit margin ~ 2%, P/B ~ 6
EXPD -- profit margin ~ 6%, P/B ~ 13
TLG -- profit margin ~ 1.6%, P/B ~ 4
If TLG continues with its accretive acquisitions, and can get its
profit margin up to the %4 range, we could expect a market
valuation of P/B ~ 9, or almost $10 per share. These are
extremely rough numbers, but they give a rough estimate provided
TLG is perfectly managed...and the planets are perfectly aligned.
Cool, very nice.
Excellent!
I've got 2k in my IRA and 1,400 in the taxable account. I sold 1k in the IRA when we got back to $3. Even while I was doing it I had a feeling that might be kinda dumb- if it could make it through 3, thought it might keep on going a bit (not like this, though!). Oh well. Sold some in the past around 3, got a few more in the 2.40 range... certainly can't complain!
I bought in the taxable account last August, I think... I'll hold those at least until I hit a year.
Not bad for a slow, lazy, shortened, pre-holiday session. ;)
scu,
How many shares do you have left?
I sold a few today...
> fourdollahfourdollahfourdollah
> c'mon fourdollah!
:)
WHEN EXPORTING, CANADA REMAINS GRAY AREA FOR U.S. COMPANIES
TARG News Articles
BOSTON, JUNE 15: Despite having the largest trade volume with the U.S. of any nation, despite having the longest undefended border in the world, and despite an almost 200-year history of friendship and mutual political, social and economic interests, Canada remains a "gray" area to many U.S. companies.
"To many American corporations seeking to sell their products in Canada, particularly less sophisticated middle and smaller sized companies, Canada neither is fish nor fowl. Sales and marketing executives can't figure out whether Canada is a domestic or international market for their goods," says Craig Meador, director of Canadian operations for Target Logistic Services, a transportation company with a 35-year history of serving the logistics needs of U.S. and Canadian corporations.
Of course, Canada is an independent nation of almost 30 million people. That nation's ties to the U.S. are so close, Americans can be forgiven if they believe our neighbor to the north is an extension of the U.S. To some extent, this picture of Canada has some validity. Ninety percent of Canadians live within 110 miles of the U.S. border. British Columbia is closer in spirit to the Pacific Northwest than it is to the province of Quebec. The city of Calgary has much more in common with Houston than Halifax.
The anomaly that is Canada is reflected in the transportation of goods between the two countries. Canada enjoys a favorable balance of trade with the U.S. thanks to an enormous amount of diverse commodities that flow from Canada into the U.S. Canada's substantial deposits of oil, zinc, nickel, copper, gold and other minerals are supplemented by huge swaths of timber, among the largest in the world. These commodities are enormously valuable today in our global economy. The U.S. cannot get enough of these raw materials. The materials underneath Canada's soil and its forests are shipped to the U.S. by rail and truck. Air plays no role in moving these bulk products.
With manufactured items, a different picture emerges. As Target's Meador, headquartered in Boston because of its proximity to Canada, points out, "with bulk commodities, traffic is almost 100 percent inbound into the U.S. With manufactured products, the situation is almost completely reversed." Meador notes that most of this U.S.-Canadian traffic moves by truck with air playing a smaller yet important role.
The Target Canadian specialist claims that many American companies, even the largest and most sophisticated, have difficulty in complying with the thicket of rules and regulations required to export their merchandise to Canada. Target offers a great deal of expertise in cutting through the maze of Canadian customs regulations. Explains Meador, "I spend a good deal of time personally explaining to U.S. export managers how to satisfy Canadian customs law. For example, what is non-resident importer (NRI) status and how does a U.S. company establish itself as an NRI? How and when should goods and services (GST) taxes be collected and paid to Revenue Canada? Depending upon the volume of business in Canada, should U.S. exporters establish distribution warehouses north of the border or should they ship from American distribution facilities? If Canadian facilities are established, where should they be located? In major cities like Vancouver in the west or Toronto in the east, or perhaps in a central Canadian province?"
Often, Meador will accompany sales & marketing teams to offer potential Target customers his specialized knowledge of the Canadian market and its logistics requirements to aid in their cross border efforts. This is a service which few U.S. freight forwarders offer and one that has been successful in generating Canadian-bound business for Target.
"There's a good deal of fine print in Canadian government regulations that companies like Target who know the market, can ferret out to the customer's advantage," stated Meador. He pointed to a stringent requirement truckers must adhere to in order to be given the ability to perform PARS clearances. American carriers also can be be allowed to perform PARS clearances. However, many U.S. trucking firms elect not to handle them. They end up transloading cargo to other carriers which causes excess handling charges and delays. Target avoids these delays and additional costs by giving its freight to Canadian truckers whenever feasible.
Perhaps the newest "hot button" issue in logistics is direct distribution of merchandise. Direct distribution begins with the readying of merchandise for distribution at the point of manufacture, now most commonly located in Asia. The Asian producer packages the manufactured goods, ready for immediate distribution once they arrive in North America. Instead of being shipped to a central warehouse once landed in the U.S., the merchandise immediately is sent to regional distribution centers or even direct to retail stores. The huge American retailer, Wal-Mart, recently instituted a program of direct distribution to its stores for many thousands of individual items--claiming substantial savings in inventory and warehouse costs.
"In essence, goods go directly from an ocean or air container directly into distribution" stated Meador. For even greater efficiency, he noted, one container can carry goods for both U.S. and Canada. Meador emphasized that Target can handle the entire distribution cycle for the customer; from pick-up in Asia, ocean or air transportation across the Pacific and final distribution throughout North America. "We provide invaluable guidance to our customers on how, when and where their goods should be moved," declared Meador.
"We have the trained, experienced people plus the technical resources to provide a complete logistics package to the shipper," he stated.
Meador pointed to current handling of shipments in Canada for the Huffy Corporation, as an example of a complete logistics package for a customer. Huffy perhaps is best known for bicycles, but the venerable company also makes and distributes golf accessories. Target distributes Huffy golf accessories on a time definite weekly basis to sporting goods stores throughout Canada that are Huffy customers.
Meador reports that Target moves the Huffy merchandise at lower cost, with shorter transit time, plus a higher degree of customer service and follow-up than its previous vendors. "Huffy is very pleased with our work," said the Target manager. "You could say we're shooting par for them."
Target Logistic Services is growing its cross border operations fueled by increasing trade between Canada and the U.S. Expanded trade has been spurred by the NAFTA trade agreement and rising incomes on both sides of the border. "We have moved beyond just transporting cargo from Point A in the U.S. to Point B in Canada," said Meador. "In addition to our freight forwarding, Target offers valuable logistics advice and guidance for shippers either seeking to enter the Canadian market for the first time or those who wish to expand existing sales north of the border," he concluded.
END
First IPM fund position: BJURMAN, BARRY & ASSOCIATES
Report Date: 3/31/2006 Shares Held 26,400
See: TLG Institutional Holdings
> What's this? A one-cent spread? Who ever heard of such?
It was nice to see the sellers shares soaked up today, the first day of AMEX trading. A few months back I was saying that trailing earnings imply a pps of 2.50-3.50, so I think we're about where we should be. Perhaps, in the not too distant future, we might get some research coverage from a reputable (misnomer on Wall Street!) firm. One step at a time...looks good so far, still hanging on... :)
Oh, thanks for fixing the chart!
Congratulations- this was the only positive news in my portfolio today, for sure.
> Pretty cool! eom
Yes, it's been a long wait for me, about 4 1/2 years.
Finally, an end to this OTC-BB hell-hole! :)
Finally...AMEX
Target Logistics, Inc. to Commence Trading on American Stock Exchange; First Day of Trading Set for June 15, 2006
BALTIMORE--(Business Wire)--June 13, 2006--
Target Logistics, Inc. (OTCBB: TARG), a domestic and international freight forwarder and logistics provider, today announced that its stock will begin trading on The American Stock Exchange effective June 15, 2006 under the ticker symbol TLG.
"We believe our move to the Amex will provide greater liquidity for our equity and broader exposure and availability to a greater universe of investors," said Stuart Hettleman, president and chief executive officer. "We fully expect our growing operational success to be better reflected with our listing on The American Stock Exchange."
The company was approved for listing on the American Stock Exchange based upon a review by an Exchange Listing Qualifications Panel which authorized approval of the listing pursuant to the Alternative Listing Standards set forth in Section 1203(c) (i) (A) and Section 1203(c) (i) (B) of the American Stock Exchange Company Guide. The company satisfies all of the criteria in those Sections.
The panel affirmatively determined that there were mitigating factors that warrant listing pursuant to the Alternative Listing Requirements. Specifically, the Panel noted the company's history of profitable operation, including annual increases in operating income for each of the last three fiscal years; four consecutive years of annual growth in revenue; four years of annual improvement in the company's operating revenue; the company's strong balance sheet, including its current cash balance and available credit; and the consistent growth in the company's stock price over the last two years.
The Panel also took into consideration the strength and experience of the company's management team and the demonstrated success to date of the company's business model. Finally, the Panel noted that the company satisfies all but one of the criteria for each of the Amex's regular initial listing standards 1, 2 and 3 specified in Section 101 of the Amex Company Guide. The criteria which the company did not meet were stock price for Standards 1 and 2 and market capitalization for Standard 3. Additionally the company did not meet the stock price, market capitalization, total assets or market value of public float requirement under Standard 4. The Amex Panel's approval is contingent upon the company being in compliance with the Alternative Listing Standards at the time the company's shares begin trading on the Amex.
Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 34 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.
Cameron Associates Paul G. Henning, 212-554-5462 phenning@cameronassociates.com
Hey scruffy,
Earnings tomorrow morning. Probably no big surprises seeing that they already released a PR reaffirming their previous guidance. I'd like to see some talk from them concerning their plans for leaving the OTC-BB pit. Some follow-up with regards to their Jan. 19th PR would be appropriate.
I hope the doggie is feeling better.
------------------------------
Target Logistics, Inc. Names David Swirnow to Board of Directors; Also Takes Steps to Meet Corporate Governance Requirements of American Stock Exchange
THURSDAY, JANUARY 19, 2006 8:50 AM
- BusinessWire
BALTIMORE, Jan 19, 2006 (BUSINESS WIRE) -- Target Logistics, Inc. (TARG) , a domestic and international freight forwarder and logistics provider, today announced that David Swirnow, 46, has been named to the company's Board of Directors, bringing the total number of directors to seven, a majority of whom are independent.
Mr. Swirnow has headed his own company, Swirnow Building Systems Inc., for over 15 years. The company sells and markets proprietary and specialty construction products, both regionally and nationally. He has experience in the shipping and importing of these products, and particular expertise in sales, marketing and management.
"David Swirnow brings a wealth of experience to the Target board," said Stuart Hettleman, President and Chief Executive Officer. "His knowledge and perspective in various disciplines will provide strong counsel as Target Logistics continues to expand and grow its footprint in various markets."
The company also noted that it has completed an internal audit and implemented necessary changes to ensure its compliance with the corporate governance requirements of The American Stock Exchange. "While we are not currently listed on the Amex or any other exchange, we are anxious to position the company for future growth including a possible market listing," said Mr. Hettleman. "Improving our corporate governance is a step in that direction."
Target Logistics, Inc. provides domestic and international time definite freight forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services, Inc. Target has a network of offices in 34 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.
Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Although Target Logistics believes that the expectations reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projections.
SOURCE: Target Logistics, Inc.
Cameron Associates
Paul G. Henning, 212-554-5462
phenning@cameronassociates.com
Copyright Business Wire 2006
Nice Late Action Today
Hey Scruffy,
Haven't been around here much lately, with all the work at home. But I try to check the boards at night, if I get a chance.
2.80-2.88: I've still got my fingers crossed for over $5 a share. Maybe after they get onto the Amex. This has been a long, long, long...wait.
$2.80/$2.88 --- Nice.
3rd Qtr 2006 Results Out On May 3rd
Target Logistics Will Announce Third Quarter 2006 Results On May 3, 2006
Thursday April 27, 9:36 am ET
BALTIMORE--(BUSINESS WIRE)--April 27, 2006--Target Logistics, Inc. (OTC BB: TARG - News), a domestic and international freight forwarder and logistics provider, will announce FY 2006 third quarter results on Wednesday morning, May 3, 2006, and host an investor call commencing at 4:00pm ET.
What: Target Logistics, Inc. Third Quarter Financial Results
Conference Call
When: Wednesday May 3, 2006, 4:00pm ET
Webcast
address: www.targetlogistics.com, or
http://phx.corporate-ir.net/playerlink.zhtml?c=62341&s=wm&e=1306759
Dial-in
numbers: 866-510-0710 (domestic), pass code 41966498, or
617-597-5378 (international)
Contact: Paul Henning, Cameron Associates, 212-245-8800 Ext. 221
Paul@cameronassoc.com
If you are unable to participate, an audio digital replay of the call will be available from May 3, 2006, at 6:00pm ET until 11:59 p.m. ET on June 3, 2006, by dialing 888-286-8010 (domestic) or 617-801-6888 (international) using confirmation code 93117878.
Target Logistics, Inc. provides BLAH, BLAH, BLAH...........
An end to the consolidation perhaps.
Hopefully some new highs are in the near future.
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Settlement Date Short Interest Avg Daily Vol Days to Cover 08/15/2006 957 68,685 1.00 09/15/2006 5,974 29,033 1.00 10/13/2006 1,454 15,230 1.00 11/15/2006 1,144 38,573 1.00 12/15/2006 1,526 28,328 1.00 01/15/2007 7,048 16,441 1.00 02/15/2007 1,384 14,430 1.00
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