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.049 tap. Not many shares available. Could be a huge runner.
STDR gapping up
STDR gapping up
Gapping up. Might be a runner today! News may be imminent.
TUYU getting volume. Good opportunity to pick up some cheapies.
Annual report is out today (looks like it is an annual for 2010)...first filing in over a year. I haven't had a chance to read through it yet, but i'm glad CWBYF still has a pulse. Maybe they are finally setting up for a reverse merger with Airdye/Colorep??
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8283189
Interesting, Potse. Thanks for sharing
A name change at TrashTalkFCM. Could more things be happening behind the scene (i.e., a reverse merger with AHAG)? Time will tell I guess...
TrashTalkFCM
TrashTalkFCM is now AWESTRUCK Marketing Group. Please check out our new page and like us over there!! http://www.facebook.com/awestruckmarketing
http://www.getawestruck.com/
Why do you think something will happen with VIGS in December?
Good quarter and outlook from MBND ($3.60)
http://finance.yahoo.com/news/Multiband-Announces-AllTime-bw-2645929260.html?x=0&.v=2
ETAR up 82% on heavy volume
LUXD up 58%. Looks like something is brewing. Company already announced that it is planning a merger with company with significantly higher revenues. Could be the start of a major run here...
I have 300,000 shares
Looks like the symbol is now CWBYE
No news or filings in 2011 so far.
I guess we are just waiting for Airdye/Colorep to make a move of some sort.
HRID .02 x .0215 (+53%) on vol. of 170k
HRID .02 x .0215 (+53%) on vol. of 170k
I'm holding 30k shares
STTN (.06) releases positive earnings pr:
Smart-Tek Solutions, Inc. Reports Revenue Increase of 68.6% over the Prior Year Period
Last update: 5/23/2011 1:53:00 PM
NEWPORT BEACH, Calif., May 23, 2011 /PRNewswire via COMTEX/ -- Smart-Tek Automated Services, Inc., (STTN) Reports Sales Increase of 68.6%. During the three month period ended March, 2011, Smart-Tek had net revenues of $4.2 million versus $2.5 million the same period prior year. Smart-Tek also reported net income of $$363,354 as compared to net income of $292,777 during the comparative period in 2010. The business of our subsidiary, Smart-Tek Automated Services, Inc. continues to grow and show a profit.
"The demand for better Human Resource (HR) Outsourcing solutions from small to medium sized business owners continues to grow and I expect continued growth in our business segment throughout 2011," commented Brian Bonar, CEO.
Mr. Bonar went on to comment that he was particularly pleased that reported financial results are on target with the Company's forecasts and is very optimistic about the Company's plan for another year of solid growth.
Complete financial statements (unaudited) with notes thereto are provided with the Company's Form 10Q filed with the Securities and Exchange Commission on this date.
About Smart-Tek Solutions, Inc:
The parent, Smart-Tek Solutions, Inc., generates revenue from its wholly owned subsidiary Smart-Tek Automated Services, Inc.
About Smart-Tek Automated Services, Inc.:
Smart-Tek Automated Services, Inc. provides financial services to small and medium-size businesses, relieving our clients from many of the day-to-day tasks that negatively impact their core business operations, such as payroll processing, human resources support, workers' compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing: staff leasing, temporary staffing and co-employment. It not only provides core services, but a wide selection of employee and employer benefits and aftermarket products.
IMCC UT .0015 x .0019
This one has been trending up and looks like its ready to break out one of these days.
hweb2, fyi, TDAmeritrade currently has TZOO shares for shorting
Besides saying they were out of cash at the present time, Liik said "As soon as we get the balance of what is owed to us, we will start to consider other options. As stated in our special meeting materials, our preference is to monetize our Colorep investment and make further investments which may or not include an RTO."
Sounds to me like there is still a possibility of a RTO with Colorep, and that, at present, all eggs are in the Colorep basket.
Steeledge, I asked Michael Liik if they were seeking another merger candidate now that that the AirDye/Colorep RTO deadline has come and gone. He said:
"As you are probably aware, our money is tied up in Colorep for the foreseeable future. As soon as we are able to get some liquidity, we will properly evaluate our options."
So I guess CWBYF shareholders won't see anything happen until Colorep goes public, gets bought out, etc. I don't know why they need "liquidity" if they just merger the existing shell with an operating business? Seems like any business that is looking to go public via CWBYF should be the one providing the liquidity to the transaction, and thus, I dont know why Liik is at a standstill until Colorep does something. What am I missing?
KIK, AMWK looks interesting. I found a presentation from July:
http://securdigital.com/PDF/SecurDigital%20Presentation%20FM%20Final_24_jul_10%20%282%29.pdf
One thing that would give me pause : a simple Google search reveals their World Headquarters is a residential luxury condo unit, and their Eastern Sales Office is a 3br/1ba residential home.
CWYBF / Colorep (Airdye) reverse take over has until 12/31 to get done according to the recent 6-K. Time is ticking and seems less likely by the day. If this doesn't happen, hopefully CWBYF can capitalize on their Colorep investment some other way. I've been a shareholder for a few years now, waiting for some fireworks....
this stupid ad that peels down is ridiculous. i cant click on my "favorites" link
Looks like VMC'er Bradford helped out some of the board's Chinese microcaps with this article on thestreet.com
http://www.thestreet.com/story/10636729/1/china-micro-cap-picks-for-2010.html
TXIC looking pretty cheap again @ $8 after hitting $12 just 2 weeks ago...
BSPM - can't post on VMC, so I'm posting here.
Joseph Amiel, who runs Amiel Capital Group, apparently posted this comment on a Seeking Alpha article last May. He says the company is for real.
"Biostar is an American company that owns the Chinese pharmaceuticals co. It went public in the U.S. after going through an exhausting registration process with the SEC. I'm an investor in the co., who went over to see the pharmaceutical facilities and meet with the CEO and other top execs three years ago. Only then did I invest. At the time of our meeting, the CEO laid out an ambitious marketing plan to increase revenue and geographic customer reach in China (it does not export), particularly its drug approved by the Chinese government for over-the-counter sale to cure Hepatits B, which is said to afflict some 10% of Chinese. My recollection is that the co. was then bringing in some $5 million in annual revenue. As was pointed out by Mr. Furman, the co. brought in $33 million in revenue in the last fiscal year. Earnings have grown handsomely as well. The co.'s financial statements are rigorously examined by its Chinese-American CFO (with doctorate in accounting from a U.S. educational institution), whom I have met on several occasions. To answer Mr. Furman's question: Biostar is definitely for real.
Joseph Amiel May 15"
http://seekingalpha.com/article/135570-china-biotech-smallcaps-are-they-for-real
TXIC continues its move up. $9.30 A/H after upping 2009 EPS guidance to $1.30 and reporting a great Q. Wish I bought more at $3.50 after they first announced 2009 guidance a few months ago!
http://finance.yahoo.com/news/Tongxin-International-Ltd-prnews-1847377560.html?x=0&.v=6
TXIC ($3.50) in w/ Q1 EPS of .36. Guides for EPS of $1.10 for FY09. Looks cheap to me.
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Tongxin International, Ltd. Reports First Quarter 2009 Financial Results
Last update: 5/18/2009 7:19:00 AM
NEW YORK and CHANGSHA, China, May 18, 2009 /PRNewswire-Asia-FirstCall via COMTEX/ -- Tongxin International Ltd. ("Tongxin") ("Company") (TXIC) a manufacturer of engineered commercial vehicle body structures ("EVBS" or "Cabs"), SUV passenger vehicle bodies and stamped body parts for the Chinese commercial vehicle market, today announced the Company's first quarter financial results for the three month period ended March 31, 2009.
-- Overall revenues decreased 2.6% to $29.5 million from $30.3 million while domestic revenues increased 6.3% quarter over quarter -- Q1 2009 gross margins increased 370 basis-points to 28.6% from 24.9% in the first quarter 2008 -- Net income increased 6.6 % to $4.1 million in the first quarter from $3.8 million prior year -- First quarter EPS increased to $0.36 for versus $0.34 in Q1 2008.
First Quarter Financial Results
Net revenues for the first quarter ended March 31, 2009 reached $29.5 million, an approximate $0.8 million, or 2.6% decrease, over the same period prior year. According the China Association of Automobile Manufacturers (CAAM), a total of 692,000 trucks were built in the first three months of 2009 with more than half, approximately 343, 800 units, built in March alone. The three month total is 4.4% below 2008 totals for the same period in 2008. As of April 30, 2009, CAAM also reported 339,300 commercial vehicles built in April, on par with March 2009 build totals.
Tongxin's decrease in revenues is consistent with the market and representative of the strong first quarter the industry witnessed in 2008 in an effort to build trucks prior to Euro III emissions standards enacted on July 1, 2008 and prior to factory restrictions imposed on manufacturers prior to the Beijing Olympics. Additionally, the Company also reported a drop in exports, from $4.4 million in export sales the first quarter of 2008 to approximately $1.8 million for the first quarter in 2009, due to timing of customer shipments to Vietnam. Since both the cabs and chassis are shipped to Vietnam, the drop could be attributable to timing of components availability and not a loss of customer volume; Tongxin has three export customers in Vietnam. Excluding exports from Tongxin's revenues, the Company reported an increase in domestic revenues of 6.3% from its more than 130-plus customers throughout China.
"We believe that the first quarter of 2009 is a better representation of our performance for the coming year", stated Vice-Chairman Duanxiang Zhang of Hunan Tongxin. "Baring the regulation of Euro III standards that produced a strong first quarter in 2009, we are very encouraged by the uptick in business and shipments for the last three months. As domestic demand and the effects of the stimulus package begin to work their way through the economy plus a noticeable return of export orders, we, anticipate a succession of strong quarters for Tongxin and continued demand for our commercial vehicle cabs in 2009," Zhang concluded.
Cost of goods sold were $21.0 million in the first quarter 2009, a decrease of $1.7million or 7.3% versus the same period in 2008. The decrease in costs is directly related to the drop in cold-rolled steel pricing. Based on a comparison between January 2008 and January 2009, per ton pricing on cold rolled steel has fallen approximately 15.0% from $766.00 per ton to $666.00 per ton (source - Management, Engineering and Production MEPS, Consultancy UK, ltd.). Corresponding gross profits for the first quarter were $8.4 million compared to $7.5 million in the first quarter of 2008. As a result, gross margins increased 370 basis points to 28.6% in 2008 from 24.9% for the prior quarter ended March 31, 2008.
Total operating expenses for the first quarter of 2009 were $2.7 million versus $1.8 million for the same period in 2008. Included in the first quarter operating expenses was approximately $607,000 in corporate costs reflecting added financial, legal and accounting expenses, listing costs on NASDAQ, and administrative expenses. The most significant portion of these costs is approximately $233,000 in SOX compliance costs as the Company works towards SOX compliance with its partner, Ernst and Young. As a percentage of revenues, operating expenses were 8.2% compared with 6.0% for the same period, 2008. Operating income and operating margin for the quarter were $6.0 million and 20.5%, respectively, versus $5.7million and 18.9%, respectively for the same period in 2008.
Earnings before interest and taxes were $6.0 million versus $5.75 million the period ended March 31st, 2008. Tongxin pays the standard Chinese corporate tax rate of 25% however the Company is in the processes of applying for a reduction in taxes for companies based in the Henan province and in a related automotive industry. Net income was $4.1 million, representing an increase of 6.6% from $3.8 million reported in the same period prior year. Excluding costs associated with SOX compliance of $233,000, adjusted net income would be $4.3 million. Net profit margins were 13.9% for the quarter which represented a 130-basis point increase in net margins from 12.6% reported the first quarter of 2008. Earnings per share for the quarter were $0.36 based on 11.3 million shares outstanding.
Ms. Jackie Chang, Chief Financial and Accounting Officer stated, "The Company will continue to experience the favorable Impact of lower steel prices and increasing vehicle production volumes throughout the year. Steel is approximately 80% of our cost of goods thus we allocate significant time managing these costs carefully and our pricing to our customer base."
Balance Sheet and Cash Flow Discussion
As of March 31, 2009, Tongxin International had approximately $6 million in cash and cash equivalents versus $11.3 million on December 31, 2008. The company maintained a current ratio of 1.08 and $25.3 million in accounts receivable on March 31, 2009. Corresponding days sales outstanding were 95 days. Stockholders' equity was $84.1 million on March 31, 2009 from $18.7 million for the same period 2008, an increase of $65.4 million which is the purchase price of the acquisition. Cash flow from operations is a negative $2.4 million due to higher trade receivables as a result of higher revenue in the first quarter.
The Company has approximately five million warrants outstanding with strike price of $5.00 and callable at $10.00. At the Company's option, and in the event the selling price of the Company's common shares trades at an average price of $10.00 or more for twenty days out of a thirty day selling period, it may redeem warrants on "an all-or-none" basis. If the warrants are redeemed the Company would recognize gross proceeds of approximately $25 million.
2009 Guidance
For the fiscal year ending December 31, 2009, we anticipate consolidated earnings per share of $1.10 (based upon shares outstanding of 11,294,633).
About TXI
Tongxin International Ltd., is the largest independent supplier of EVBS in China, is capable of providing EVBS for both the commercial truck and light vehicle market segments, in addition to designing, fabricating and testing dies used in the manufacturing process. EVBS consists of exterior body panels including doors, floor pans, hoods, side panels and fenders.
NM ($3.53)- Considering the current climate, shipping stock NM had decent earnings (and dividend) to report. Q1 EPS .41 vs .35. Distribution of $.40.
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Navios Maritime Partners L.P. Reports Financial Results for the First Quarter Ended March 31, 2009
47.2% Increase in Quarterly Operating Surplus to $10.6 Million 59.8% Increase in Quarterly EBITDA to $14.7 Million 48.3% Increase in Quarterly Revenues to $21.2 million Distribution of $0.40 per Unit for the Three Month Period Ended March 31, 2009
http://finance.yahoo.com/news/Navios-Maritime-Partners-LP-iw-15065479.html
WAG: 11/4/08 10:30 AM
BDI. This might be helpful in explaining what it is comprised of:
http://www.wikinvest.com/concept/Baltic_Dry_Index_(BDI)
Ticker has been changed to KVIL
OFI starting to look cheap again after reporting decent #'s earlier in the month. There were, however, some cautious comments regarding the current quarter and seasonality in that report.
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Overhill Farms Announces Increased Earnings and Revenues for Third Quarter
Thursday August 7, 9:00 am ET
Net Income Rises 187%, to 20 Cents per Share
LOS ANGELES, CA--(MARKET WIRE)--Aug 7, 2008 -- Overhill Farms, Inc. (OFI - News) today reported net revenues of $62.4 million for the third quarter ended June 29, 2008, an increase of $9.3 million or 17.5% from the $53.1 million reported for the third quarter of fiscal 2007.
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Net income for the third quarter of fiscal 2008 was $3.2 million ($0.20 per basic and diluted share), up 187% from the $1.1 million ($0.07 per basic and diluted share) for the year-ago quarter.
Gross profit margins rose to 13.5% in the latest quarter, compared to 10.0% in the year-earlier period. The gain was attributed to increased sales, on-going improvements in manufacturing efficiencies, enhancements in financial and operational controls, and modest increases in sales prices to customers.
James Rudis, Chairman, President and Chief Executive Officer of Overhill Farms, said, "The Company continues to do well in a difficult economic environment, with rising costs for ingredients, energy and transportation, as well as slower sales growth in retail chains and the food service sector. We have been successful in overcoming these challenges by carefully managing our controllable costs as well as by generating significant additional business from both new and existing customers."
By customer category, the Company said net revenues from retail customers for the third quarter of fiscal 2008 increased by $15 million, or 45%, to $48.3 million from the $33.3 million reported a year earlier. This increase was largely due to significantly higher volume of products for several customers, including both a major national-brand food company and for Jenny Craig, Inc.
Foodservice net revenues for the most recent quarter declined by $5.5 million, or 37.7%, to $9.1 million from the $14.6 million of a year earlier. The decline was attributable to a softness in the foodservice industry due to a slowing economy and anticipated reduced volume from one customer. The Company believes the foodservice sector continues to represent an opportunity for growth through the acquisition of new accounts.
Airline net revenues decreased by $160,000, or 3.1%, to $5.0 million for the third quarter, from $5.2 million a year earlier.
During the third quarter, Overhill Farms entered into a five-year licensing agreement with Better Living Brands™ Alliance for the exclusive right to produce frozen entrees under the Eating Right™ and O Organics™ brands. The Company paid a $1 million one-time licensing fee and a $125,000 royalty advance. The agreement is renewable for two five-year terms. The Company expects new business under this alliance to begin in fiscal 2009.
"With our growth in sales into the retail sector, we expect to see some increased seasonality in our business," Mr. Rudis said. "Retail sales of frozen foods historically have trended higher in the winter months -- our second quarter -- and lower in the summer, our fourth quarter."
The Company also announced that during the fourth quarter of fiscal 2008 it plans to begin production of an additional 30 items for a retail customer. "We are scheduled to start this new product rollout late in the fourth quarter," Mr. Rudis said, "and we anticipate realizing the full impact of this new business in the first quarter of fiscal 2009."
Revenues for the nine months ended June 29, 2008 were $185.7 million, an increase of $46.1 million or 33% from the $139.6 million for the first nine months of fiscal 2007.
Net income for the first nine months of fiscal 2008 was $7.9 million or $0.50 per basic and diluted share, an increase of 126% from the $3.5 million or $0.23 per basic and $0.22 per diluted share for the year-earlier period.
Operating income for the latest nine months was $16.3 million, or 8.8% of net revenues, up from $9.3 million or 6.7% of net revenues, for the year-earlier period.
Overhill Farms is a leading value-added supplier of custom high quality prepared frozen foods for branded retail, private label, foodservice and airline customers. Its product line includes entrées, plated meals, bulk-packed meal components, pastas, soups, sauces, poultry, meat and fish specialties, as well as organic and vegetarian offerings. The Company's capabilities give its customers a one-stop solution for new product development, precise replication of existing recipes, product manufacturing and packaging. Its customers include prominent nationally recognized names such as Jenny Craig, Inc., American Airlines, Inc., Safeway Inc., Pinnacle Foods Group LLC and Panda Restaurant Group, Inc.