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You can buy DFNS for .30 right now. YIKES.
Its not bad long term I don't think at these levels.
The risk though is.....
Does israel bomb Iran?
What is IRAN reaction?
Is Israel still around or can they function with a wide spread war?
Some reasons why the stock may be headed lower.
Actually I own another ISRAEL stock TATTF which is also going lower on light volume.
If a war starts with iran and israel. The civilian sales for DFNS will expand but will the profit margins? And if it wide scale can DFNS operate with bombings etc..
Not saying that will happen. But israel won't let Iran have Nukes and IRAN isn't going to like getting bombed. US would step in I am sure as well. Than do we have another big war? Oil continues higher and does it become a major fight for that?
Not saying any of that will happen but some may be leaving the stock because of that.
Like I said its a DEAD STOCK!
7500 shares average traded a DAY for the last 13 days. For a company with 29 million shares outstanding that is VERY weak.
I think they probably need to sell off some before a rally will take place to get some of the weak hands out of the stock.
The company said they aren't looking at quarter to quarter results but Yearly. So it will take sometime to recover I think. And if they beat $19 million for revenue then my hat is off to management I just don't see it in the pipeline.
In the .20's it will be undervalued. In the high .40's it is overpriced (based on my thoughts over the next 2-3 months.) And anything inbetween its just dead money.
I am still in it. Hope to have them make a big announcment that really moves the stock.
I am waiting yet but will consider dumping it in the next 90 days or so depending on its movement.
I would sell it ALL today for .60 though If I could.
Bottomline is making money and I don't see them making a great deal of it this year and on 10x PE that is .30-.40.
I guess at this point I am hoping they come out with an announcement that says one of the following....
1. We are buying back stock.
2. We just got a HUGE order and it will all be for 2008.
3. We just bought a company and it will improve our earnings THIS YEAR!
If one of those things were announced and got the stock moving then I could see some light. I just don't see it right now.
I don't see it right now as being really that much undervalued or overvalued at this point so I am just holding out hope for the company to do something BIG so that I am not underwater.
PR release came out and no one traded after it.
This is a DEAD stock UNLESS they come out with some further news between now and next earnings report on August 15th.
It will trade in the .30-.40 range.
NO WAY they beat Q2 revenue from last year as that was by far the biggest quarter they have had.
So we are going to have the first 2 quarters below revenues of last year. If the margins are like Q1 they won't beat earnings either.
They need to give back to the shareholders with a buyback of stock etc.. They didn't mention that they thought the share price was undervalued.
All this revenue is fine but I don't see them beating 2007 revenue and so far the earnings have been POOR for the year and they state to be competive they have to cut prices which means smaller margins.
Unless they buy a company that has earnings already in it and don't overpay for it. I don't see them doing better than .03-.04 EPS for the year. And for a penny stock 10x PE we are right in that range.
Buy back the stock for .50 each gets rid of 2 million shares. And only cost $1 million!
But the company doesn't seem to concerned with shareholders just going about their business.
I don't like losing money especially on a business that is growing but I don't like dead money either and I just see this as that for a while.
Not sure how many quarters I am willing to wait!
Bid/ask spread has expanded. UGH would like a real selloff or a rally rather than the bid go low and ask stays high.
I got a reply back from the company about the 10Q #'s here is their response.
"Sorry it is a typo error. We noticed it after we filed.
The net income (loss) per share from continuing operations - basic and diluted should be: -(187,757+41,417)/28,886,324= -0.008 (rounded to -0.01) instead of -0.02.
The net income per share - basic and diluted should be: 0.15 instead of 0.14
The 10Q will be amended.
Sincerely,
Defense Industries International, Inc"
Catfish, The reason for the larger backlog statement for IDM to $7.3 is the $4.5 million order a month ago. 1/2 of that $4.5 they said though was for this year and 1/2 for next year.
So if you take $2.6 backlog thru March 31st and add $2.2 (roughly half the $4.5) you have $4.8 backlog for IDM for this year.
Here is a portion of what I posted to my blog about DFNS. FYI email the company about why 187k is .02 EPS LOSS???
----------------------
DFNS released their 10Q today after the bell. Actually WELL after the bell.
Anyway they dumped it on a friday for good reason it STINKS!!!
$3.1 million in revenue for Q1 and their margins are way DOWN.
They lost money for the Quarter. Its says .02 in the report but I don't know its right due to the figures I come up with.
Civilian Local was WAY up like 300k more than what they did any quarter last year but with all the revenue they LOST money on that sector.
Export Civilian was basically one customer last year for almost $600k. And in their report they said that person is doing their own product so they don't foresee much of any orders from them. SO $600K is gone for 2008.
Local Military was $1.3 million but that was roughly in line with what they said in their 10k report. Still way down from last years Q1.
Export Military was the most disappointing only $600k vs over $1 million last year and that should have been their STRONGEST growth sector.
But now they say for that sector that their growth will be based on pricing. In other words they have to sell their product for cheaper to get more business which means MARGINS will go down even more.
I think they need to spend some money on a calculator though cause their NT 10k was off on EPS they said .07 it ended up being less then .05. And now their first Q1 is weird #'s. I show them losing less than .01 but they have .02 loss.
On a positive side their backlog got larger from Dec 31st to March 31st. Mostly in export military to Africa/Asia so that is good.
As far as the stock price I wouldn't think this would be a good report by any means. But the loss isn't that much to recover from if its less than .01 which is what my figures show.
The book value is around .43 per share and they have a lot of cash. If they use it wisely it should be a good investment still. I think its still has limited LONG TERM downside. And I would pick it up again in the upper .20's if it got there and probably even at .30. Upside though I think is pretty limited as well unless some major orders come in or they buy back some stock or something. Personally I would probably sell all my shares for .60 even though that isn't close to a double. And I would be fine with it.
Crunching some of the #'s this is what I come up with for the year.
Their is NO WAY too tell if they will be profitable or not but I just based my figures on revenue.
They have $2.6 million IDM backlog and $2.2 million in recently announced orders due for 2008. If they get thru the backlog and $2.2 million that would be an additional $4.8 million for the year. I think their will probably be more orders (maybe announced or unannounced on IDM for an additional $900k)
So $2.6 +$2.2 + .9 = $5.7 million for the rest of the year from IDM. Plus the $1.3 for Q1 is $7 million for IDM for 2008.
Local Civilian was a huge $1.1 million I don't see it being that good going forward but doing $2.9 million the rest of the year for a total of $4 million Local Civilian.
Export Civilian I will say ZERO for the year. Anything here is a bonus as they lost their main customer for this last year.
Export Military $600k Q1. $2.4 million backlog for africa/asia/europe if they go thru that its $3 million total. That means basically no more orders just go thru the backlog.
So all together that would $7 million IDM, $4 million Civilian and $3 million export Military or $14 million in revenue for 2008.
Which is down from 2007 but probably realistic. If that is the case they will save $100k+ in not paying the president a bonus this year.
Well, I guess they didn't do everything "necessary" to get the report out on time.
Maybe they will have it before the bell tomorrow.
Dumping it on Friday though (if they do it tomorrow) tells me it wasn't a good quarter.
My prediction for revenue earnings for Q1.
Local civilian $850k
Local Military $1.1 million
Export military $1.6 million
Export civilian $150k
------------------------
Total Revenue of $3.7 million
Local civilian is usually in the $800k range.
Local military I put $1.1 because in their 10k they say they shipped $1.2 million of the backlog to IDM thru the first part of April. (So I took off 100k for April) Also I am not sure if additional sales would be included in that or if that is it. So that # could go MUCH higher BUT shouldn't be much lower than that.
Export military I took the 5.2 million last year and added 25% growth which is $6.5 million for the year and divided by 4 quarters so $1.6 million there. (They say they are looking for growth there. They grew by 40%+ last year)
(I think $1.6 million maybe a bit high this quarter though)
Export civilian was only $600k for last year so I just divided by 4 basically.
Personally if it beats $3.9 million I would be pretty happy with the quarter as far as revenue.
(I don't see how they will be able to beat Q2 2007 #'s as that was a monster quarter)
The key of course is where is the earnings?
They did .014 on $3.9 million last year. Will their margins be as good?
I say no but I guess I am pessimistic.
So I say revenue will be in the $3.7 million area if that. And earnings will be .008-.01 EPS.
ANYONE HAVE ANY THOUGHTS?
What do you predict?
We will see what happens tomorrow. 100k volume and most all over a few MINUTES. Which tells me 1 or 2 traders is all there was. As 50k went off the first 30 minutes and another 40k roughly the last 30 minutes or so.
I was VERY pleased to get an email from the company back. Actually SHOCKED I received it the same day I sent my request.
I used the contact us form on their site. You can see the email I sent them in a previous post. I don't believe it was answered by IR. But the company did CC their reply to IR. (FYI it isn't the same email for IR as they have in their press releases. But I know its IR because her name is in the email address)
I won't copy the email but I will give you the jist of it...
They said they do what is "necessary" to release the Q1 on time. (So that is good news hopefully sometime on the 15th we will see it.)
Most likely they will have Press release after the Q1 report is released.
If I want guidance (if they provide any) I will have to look in the Q1 for it.
When they come out with orders press releases that is like guidance.
And they closed by thanking me for my advice on Investor relations and the cash.
So thank you DFNS for answering an email that is a great start. I do hope they do take some of the advice to heart as I think we could go up 50% from these levels if Q1 is good but I still have my doubts that it will beat Q1 of last year. But I was WAY off on revenue and earnings for Q4 too.
The 2nd biggest investor sold about 1 million shares over the last year.
Could of had a bit bigger run up without the selling but oh well.
he still holds 1.8 million shares.
But some decent size blocks went out this morning as well so who knows if he is selling more.
He got an AWESOME deal from DFNS that is for sure.
http://sec.gov/Archives/edgar/data/1069563/000117891308001189/zk85226.htm
That is the link to the report.
Bought 1.7 million shares at .60 then got 1.1 million shares FREE. Basically brings his costs down to .36 which is a sweet deal.
I wrote this to DFNS this morning.
I have a few questions comments....
1. I am a shareholder of DFNS and have been since April 2007.
2. Are you planning on releasing Q1 report on time by May 15th?
3. Do you plan on having a press release after the Q1 report is released?
4. I think it is CRAZY that you did 81% higher revenue for 2007 and way more profitable but never came out with a press release to tell everyone. To me it shows a lack of caring for shareholders value.
5. Are you paying an Investor Relations person? The reason I ask in the last 6+ weeks I have called and called and NEVER got her. I have emailed numerous times as well. If you are paying them you shouldn't cause you are throwing money away.
6. Will you be giving guidance on 2008 after the Q1 report?
7. You have a great business that grew and a bunch of money in the bank but no one knows about it and can't find out any real information from IR so its hard for the stock to get moving.
8. Please do a buyback or a one time dividend with some of the $6 million that you are getting. $1 million buyback would knock out 2 million shares of the stock at .50.
Please respond in a quick fashion.
DFNS shareholder
Steve
They have had complete lack of volume for months now.
most investors are under water the #'s look decent but not willing to buy more on a bad quarter.
New investors are a bit resistant to jump in due to BV being right where we are. EPS was suppose to be .07 and came in at .05.
No explaination from the company.
NO press release from the company after they grow revenues 81%! And earn .05 vs -.01.
Most companies would put out a PR that says we had a great year and are looking for big things to come or something.
The lack of communication from the company is worry some as I have stated I don't know if they can repeat that performance I don't mean go up 81% in revenue again I mean I don't know if they can match the $19 million they did.
If the company doesn't really care about the investors anyway which I think is the case since no one hasn't gotten a reply from WEEKS AGO.
Also they stated in the 10k they didn't have enough people to deal with accounting etc.. (They have 200 people on payroll but no one can do accounting YIKES)
The fear of them being late with the 10Q I think people think why bother at this point.
They did $3.9 million in Q1 2007 and made .014 EPS last year. If they match that do they go up? Maybe but not much. If they don't match that (which I don't think they will) they will stay the same or go down.
If they go above the $3.9 million and .014EPS they will go up for sure but that is a pretty bullish especially since not hearing info going forward.
I don't think the downside is all that great maybe low .30's on a bad quarter but I am at a point of being fed up with management lack of communciation. I just don't see a big upside. (by big I mean 100%+) at this point either. I see it trading in a range of .30-.60 for awhile. (Yes .60 is a nice move from here but that is things go really well.)
25% risk for 40-50% profit is OK risk/reward.
I would rather see a quarter of nice growth and the company telling me it looks like its going to continue and we are going to do XYZ with the $$ coming in.
Are they going to put out a press release after doing 81% revenue growth?
Or don't they really care about the 37 stockholders they have on record?
Here is my post I sent to my subscribers at stock doubling dot com
Hi StockDoublers,
DFNSE (OR DFNS) came out with their 10k today.
1. The E should come off the symbol sometime soon I believe. So give it a couple of days and the symbol should go back to DFNS.
2. Their 1st Quarter report is due by May 15th. Whether they will report in time I don't know since they were so late with this report. (In their 10k they did talk about lack of accounting people at their company and they would be hiring additional ones)
3. They had revenue of $19 million and net income of $1.4 million.
In their NT-10K back on March 31st (which is a report you have to file saying you are going to be late) they said that Net income was $1.6 million and EPS was .07. I talked about it then that $1.6 million into 29 million shares only equals .055 EPS so where they came up with .07 I had no idea.
Well based on the 10K that was released they only did $1.4 million in Net Income which is roughly .048 EPS or under .05. That is HUGE difference!
I wish I could get an answer why the #'s were so off but I can't ever get ahold of Investor relations and no one really answers questions their so I doubt I could ever find out.
4. They have just under 200 full time employees
5. They paid $129K in a bonus to the President of the company. I have NO problem with the bonus, the issue I have is he OWNS ZERO shares of the stock and could have taken the bonus in stock if he felt it was so undervalued.
6. They have book value of about .25 per share BEFORE the $5 million or so they are receiving in Q1 and Q2 settlement from the government that should add roughly .15-.17 after taxes to their book value. So book value will be around .40-.43 per share.
7. Based on a .38 share price the stock has a market cap of about $11 million which is about .58 Price to sales ratio. If it had a 1 price to sales ratio it would be trading at .65 per share.
8. It earned .048 EPS (they rounded up to .05) at 10x P/E its a .48 stock. At 15x P/E its a .72 stock.
9. The company grew revenues by 81% last year and had earnings of almost .05 vs a little more than a penny loss last year. So 2007 was a good year for sure.
10. Hopefully they will come out with a press release tomorrow talking about how 2007 was a great year and what they look for in 2008. That would help share prices.
11. What are my thoughts on the stock price?
If I didn't own any shares at this time I don't know if I would buy some or not.
The negatives are ......
a. I don't think they will be able to match last years revenue for IDM ($9 million+)
b. If a. is true then revenue would slip in 2007.
c. Investor relations is horrible will the stock have a run?
d. how much upside does it really have?
e. could the Q1 report be negative (breakeven) and send the stock lower?
The positives are...
a. Very limited downside. Book value of .40 per share soon.
b. earning money good P/E ratio?
Personally if the stock was at .60 today I would probably bail out of it completely. I just don't see a huge run in it coming unless they can build on this 19 million revenue and .05 EPS. If 2008 is better than 2007 by 15-20%+ I think this stock can run a little bit but based on the orders from IDM so far this year I find it hard pressed to beat revenue #'s of 2007.
But I don't also see much downside either. They are earning money and any move to .30 is way too low for this stock that has a book value of .40 and earned .048.
A couple of positives that are good for this coming year. They had a hit of tax penalty of $200k in 2007 which if that is taken care of is almost .01 added to EPS. Also the president only gets his bonus if revenue increases so if revenue is say $17 million for 2008 he wouldn't get the bonus and that is $100k saved from 2007.
12. They talk about possibly using the settlement money for buying other companies. That could be good or bad depending on the buyout. Personally I would like them to buy back $1 million worth of stock. That is roughly 2 million shares if they were bought at .50 each. It would help share prices and the bottomline with less shares outstanding.
I am in DFNS and will stay in for the time being. Long from .50 from a almost 13 months ago so I frustrated that they had such a good year and I didn't get to take part in it.
Have a profitable day
Steve
Book is low .40's (after the $6 million)
Earnings are roughly .048 EPS for 2007.
Yes revenues and earnings grew big in 2007.
According to their 10k $1.2 million was shipped to IDM of the backlog in Q1 and thru april.
I was impressed with the growth in export military which was over 40%. If they can duplicate that kind of growth in 2008 great.
However based on the $4.5 million order (1/2 for 2008) I don't foresee them doing better than the $9 million to IDM for 2008.
Based on the backlog of $1.2 to IDM and the $800k likely to civilian in Q1. I would think a $2-3.5 million quarter for Q1.
Disappointed that the President didn't take his bonus in shares. $100k + could have been taken in shares and he owns ZERO!
I don't see a lot of downside mind you. I think low .30's is undervalued. But I also think .50 would be fairly valued at this time as well. So not dead per say but I think a dime up or down is about what you will see.
And I think a poor quarter or a lack of reporting quarter will send it lower as well if that is the case.
I am underwater right now on it so I don't foresee myself selling right now. I would love to see a buyback of $1 million worth or so.
well I don't see .07 anywhere?
I don't even see $1.6 million
I see $1.4 million in net income
Which means they did about $5 million in revenue and about $200k in NET income.
Wow very disappointing indeed. Not even the .055 of what they had in the NT10k.
I guess that is why we don't see the stock moving up.
I think it may be dead money for a while which is disappointing.
Something to keep in mind with the new release.....
Not to rain on everyones parade but here are some #'s You can draw your own conclusions.
In 2007 DFNS ANNOUNCED via 3 seperate press releases a combined orders from the Israel Defense Ministry (IDM) of $7.7 million. ($4 in Jan, $2.2 in Feb, $1.5 in July) All of which was SUPPOSE to orginally be delivered by the end of 2007.
At the end of 2006, DFNS had a $1.7 million backlog for the IDM.
So assuming they go thru the entire backlog in 2007 and the $7.7 million in order is gone thru that would mean IDM would do $9.4 million in revenue for DFNS in 2007.
Now we don't know the total that IDM did for DFNS for 2007 as the #'s aren't out.
But thru the first 3 quarter the local military which I would assume is IDM was $7.6 million.
And in their backlog they said they expected $1 million of the current $3.5 million IDM backlog to be delivered in Q4 2007. (Whether it was more or less we won't know until the #'s are out)
So my point is $2.2 million for this year from IDM isn't that much when they did (more likely $9-$10 million for 2007.) Of course this order just announced is for vests and they had orders for other stuff last year. And it is only May 1st so they could have additional orders for other products. But we got to see some real growth in some of the other areas. (And maybe they did in Q4 I don't know.)
I wouldn't call this order a monster #. Its a good # but not monster and that is the only thing that will move this stock UNLESS the earnings come out.
Kind of sad that this news isn't moving the market cause I think it would have had a nice bump in the market had this come after the earnings were released.
I am a holder of DFNS just disappointed in the managements lack of response on the earnings front.
But happy they are at least still selling product.
News is out. New contract. $4.5 million 1/2 for this year so about $2.2 million revenue for this year.
Odd they would release that BEFORE the 10k is released.
At least we know someone is alive over there doing business. Why they keep putting in the IR contact information in Press releases makes no sense since she never responds.
Its good news overall but lets see the 2007 #'s PLEASE!!!
No response to my email yet.
Anyone else get one?
If they treat their customers like their OWNERS then we are in for a WORLD of hurt from sales dropping off soon.
I sent an email request to IR on the 16th and 17th. To the 2 email addresses I have for her. NO reply as of yet (2 weeks)
I have called both the toll free # and the long distance # for IR with NO one picking up the phone MANY times over the last 2+ weeks.
I have just sent an additional email to DFNS. We will see if I get a reply.
It has now been 30 days over when they should have reported. Shouldn't take that long. The #'s from the $1.6 million earnings and .07EPS are off based on 29 million shares.
I think its time for an old fashion email blast to the company. We are the owners of the company we need some answers.
go to www.defense-industries.com and use the contact Us form that seemed to have the best success for me.
ask what is going on. And to at least come out with a press release that estimates the time of the release and what the delays our.
The stock supposedly is trading at 5x earnings (based on .07)
Its time to hear something otherwise is this company for REAL?
I hate to jump to that but good grief. Can't get answers from anyone at the company.
I guess "soon" and "shortly" mean the same thing to DFNS or DFNSE I should say. Which isn't much.
April 17th it was going to be out SOON. April 24th it was going to be out shortly.
Today is April 29th. Or 29 days after they were suppose to be due with the report.
How on earth it takes 29 extra days to file a report (even if it has to do with the new money from the gov't coming in) is beyond me. I know this isn't a billion dollar company but still good grief.
I assume they are putting their resources into getting the report out ASAP. And if that is really the case I have my doubts that they will be able to pull off the Q1 report on time. (Due May 15th about 2 weeks away)
So IF DFNS does report "soon" on the 10k it may get a pop but may not build a lot of momentum if they can't file their reports in a timely fashion.
I was impressed with yesterdays price action. Even though it was only 15k shares it went up to .40. I thought for sure with this much delay in the report we would see low .30's.
Maybe someone got ahold of the company and they said the report will be out "momentarily" and they thought it actually meant something. LOL
Still long but getting real sick of the wait. If it was closer to fairly valued I don't think I would hold.
Also 3 weeks from today is when the Q1 report is due. Is that going to be enough time to get that one out in time or will we be delayed with that one as well.
That would be nice to be answered in the 10k they will release. IF/WHEN they release.
Hopefully a press release will come with the release of the 10K talking about 2008 etc..
Yeah they told me on the 17th that the "report will be released soon ..."
Today is a week later. I guess I am just thankful that I am not married to whoever told me that.
Yes honey I will be home "soon". 7 days later they still didn't show. LOL.
Wow, 114 (an extra day for leap year) days after the year end and still no report I think its time to hire a new accountant on top of the IR person.
Still hoping to see something. Do they just not work at all during passover week or what?
I got the following reply from the company. (NOT IR by the way LOL)
I asked about isn't the 10k due and when it would be reported and why $1.6 million equals .07EPS. (I come up with .055)
They replied with the following....
"We believe that the 10KSB report will be released soon and will address your questions.
Sincerely,
Defense Industries International, Inc."
Obviously they gave a wealth of information with that. LOL
It looks like the E maybe on there now for tomorrow.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=04/16/2008
Hopefully tomorrow if not tomorrow than Monday. If not on Monday I would be quite concerned. They should get it done over the weekend worst case I would think.
They better give some guidance with all this delay.
I used there contact us option on there site.
Anyone know when they go pink sheets? For not putting out the 10k report.
They are late from what I understand the rule to be. Hard to imagine that they need 105 days and counting to prepare a 10k report.
I called IR and sent emails to IR and the company. Also called the company phone # but no answer (probably after hours there no message though either)
I would hate to see it go to the Pinks.
Isn't it due yesterday?
Or did I read the NT wrong I thought it is 15 days after the due date you had to have it out.
I called IR and got a voicemail left a message but no call back as of yet.
If I read the 10-K NT right "The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date"
So they have 15 days which would be TODAY in order to release it if I am not mistaken.
I tried to call IR on the 866# but it just rang and rang and then went busy.
Was going to ask if it was due today and why $1.6 million equals .07 EPS.
Hopefully we will see today
Finally getting some volume.
But its not going anywhere. Good blocks of volume no news yet that I have seen.
hopefully they release it in the morning.
I would hate to see them dump it on Friday.
Otherwise we have to wait until Monday UGH.
I will be looking for tomorrow.
She is nice I will give you that.
But she lacks quality information in the times that I have contacted her.
Last year they posted April 9th. (which is tomorrow) We will see.
Some small action this afternoon on it after NOTHING this morning.
Lack of volume really hurts. Hopefully they can find some more followers after the 10k is released.
April 9th last year is when they released their late 10k.
If they did that again this year it would be on Wednesday.
Should get a nice breakdown of the earnings and revenue. I am interested to see how they got $5 million Q4 and didn't announce many new orders. Unless they aren't going to do that I don't know. Or they sold thru most of their backlog.
Margins were decent again so I don't think they sold them all at a discount.
Should be a .50 stock today before the news and .60-.80 if the breakdown and comments are good. Crazy to be this low but not much in the way of volume either.
I agree its great news.
I was WAY off on the revenue I thought it would be less than $3 million. Interesting to see what the backlog looks like.
My issue though is the .07 EPS where do they get that from?
They say $1.6 million in net profit divide that by roughly 29 million shares is .055 (rounded up is .06 not .07)
Anyone care to enlighten me?
I think we hit .50 this week.
close today at .62 was a new high for a WEEKLY close on a 1 year chart.
42,000 volume not a ton but the most since 6/21. I think its positive if it can make a run to the low .70's-.80's ahead of the Q2 number.
I bought 1000 more shares just before the close today.
It has been moving up nicely lately on decent volume. People are buying and holding on this nicely undervalued stock.
enjoy the ride to $5 by the end of the summer.
They gave guidance of .45-47 EPS for the year. About 50% growth in revenue and EPS projected. And honestly I think they may be a little low. I think .50 can be hit. At 10x its $5.00 at 15x its $7.50.
With a new lower tax rate for 2008 (adds 6-8% to bottom line) And all factories should be up and running and good sales force the next 12-24 months should move this stock to the $7-10 range.
I own a small block of CAGC.
10Q IS OUT. And way higher then I thought.
$8+ million revenue and .10EPS!
Should run tomorrow. Could do .50EPS this year. At just 12x PE that is $6 stock.
Little downside good upside.
enjoy the ride.
I don't own the stock but what am I missing???
30% net income growth would mean $11 million net income right?
With 37 million shares outstanding that is roughly .29EPS for the year at 10x that is a $2.90 stock.
are they issuing a bunch more shares or something?
Looks like an easy 60%+ move in the next 6-9 months.
I haven't looked hard at the #'s and don't own the stock just wondered if someone could point me in the direction of why this is bad news?
I own DFNS (which is having a good day) and CAGC which hasn't released earnings yet.