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Sux, but what can you say. They're strong where it counts right now and thats cash&equiv. and no debt. Current BV= $3.37. Annual eps of (-.13) so far for 2009.
PHAZAR CORP Announces Third Quarter 2009 Financial Results
PHAZAR CORP, (NASDAQ: ANTP) announced today the unaudited results of operations for the three and nine month periods ended February 28, 2009.
Third Quarter Fiscal Year 2009
Revenues of $1.5 million for the third quarter decreased 53% compared to $3.2 million for the same period last year. The Company recognized a net loss of $241,039, or $ .10 per share for the third quarter, compared to net income of $334,267, or $.14 per share, in last year's fiscal third quarter.
Much of the 53% decrease in revenues year-to-year is attributable to the completion of a major antenna project for Page Iberica S.A. totaling approximately one million dollars in the third quarter last year. However, a slow-down in government and government related contracting activity was also a contributing factor in lower revenues for the three month period ended February 28, 2009.
The net loss in the third quarter of fiscal year 2009 is attributed to lower revenues and a 23% increase in sales and administration expense. The increase in sales and administration expense reflects higher compensation costs associated with newly hired employees, incremental research and development costs during the quarter for continued development of our new mesh radio wireless network product line and an increase in legal and professional fees primarily associated with the ongoing FINRA arbitration claim against UBS Financial Services.
Commenting on the quarter, Garland P. Asher, Chairman and CEO, said, “U.S. Government and related contracting activity can fluctuate significantly from quarter to quarter. This has been particularly apparent during the current change in administration process and during a period of time where current year budget issues have yet to be resolved. However, after very subdued contract activity levels during the Fall and into January, 2009, a more normal pace appeared to be resuming in February, 2009. Meanwhile, the Company remains fiscally conservative with a strong debt free Balance Sheet and cash balances exceeding $3.7 million at quarter end.”
Nine Month Period Ending February 28, 2009
The Company reported revenues for the nine-month period of $5.6 million, a decrease of 17 % compared to $6.8 million for the comparable period last year. Net loss for the nine month period was $299,950, or $.13 per share compared to net income of $624,733, or $0.27 per share for the comparable period last year.
Backlog of Orders
The Company's backlog of orders on February 28, 2009, totaled approximately $1.9 million compared to $3.2 million at February 29, 2008, a decrease of 41%. Backlog at our May 31, 2008 year-end and our second quarter of fiscal year 2009 were $2.5 million and $2.1 million, respectively. Incoming orders for the nine month period totaled $5.1 million versus $6.4 million for the comparable period last year. The Company's book to ship ratio was 89 % for the nine month period ended February 28, 2009 compared to 94% for the comparable nine month period last year.
Full report can be seen here
http://ih.advfn.com/p.php?pid=nmona&cb=1237503690&article=36950309&symbol=N^ANTP
Left a call for IR. Too many questions & not enuff info.
Form 8-K for BWI HOLDINGS, INC.
16-Mar-2009
Material Impairments
ITEM 2.06 MATERIAL IMPAIRMENTS.
On March 4, 2009, the Issuer's wholly owned subsidiary, Budget Waste, Inc., an Alberta company, filed in the Court of Queen's Bench of Alberta, Judicial District of Calgary, in the matter of the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA").
The Court ordered that Budget Waste, Inc. shall have exclusive authority to prepare and file, and is authorized and permitted to file, with the Court and submit to creditors one or more plans of compromise or arrangement under the CCAA. The Court ordered that until, and including April 3, 2009, no suit, complaint, action, grievance, arbitration, application, proceeding, enforcement process, right or remedy shall be commenced, proceeded with or continued by any person, firm, corporation, government, administrative or regulatory body or other entity or organization (including, without limitation, any former, existing or future or related shareholders), creditors (whether related, affiliated or otherwise), customers, suppliers, employees, pensioners, unions, regulators, contracting parties, lessors, licensors, co-venturers or partners of any of the Debtor against or in respect of Budget Waste, Inc. Any proceedings already commenced against or in respect of Budget Waste, Inc. or any of its properties are hereby stayed and suspended until leave of the Court is granted.
brilliant comment. you must be a Yale man. eom
LONDON -- UBS upgraded AT&T to buy from neutral, saying Street estimates are "beatable." While there may be a strike in April, a new contract with unionized wireless employees may lower costs in the future. Its dividend provides a backstop, UBS analysts added.
good move when VZ raised their dividend also
Still watching, not trading yet. The lower it goes the more attractive it becomes. Only negative on it for me is the high float (513M) but the trading volume is high enuff to overcome this.
Budget Waste to Start Comprehensive Financial Restructuring
CALGARY, AB -- (Marketwire) -- 03/04/09 -- BWI Holdings, Inc. (OTCBB: BWIH) would like to update its shareholders on the state of the operations of Budget Waste Alberta, Ltd, our wholly owned subsidiary in Canada.
As a consequence of the global financial crisis, Budget Alberta is suffering the same types of financial issues as so many other businesses, including shortage of affordable credit from banks and slow or failed payment from customers. In order to insure that the assets and business of Budget Waste are properly protected for our shareholders, your board of directors has elected to seek protection for Budget Alberta from creditors under the CCAA (Company Creditors Agreement Act ) process in Canada in order to reorganize the business.
This process is only taking place in Canada for Budget Alberta, our subsidiary, and is not for BWI Holdings Inc., the public parent company in the US.
Budget Alberta has sufficient cash on hand to fund ongoing operations, and its business will continue without interruption.
This decision to file for creditor protection is being implemented by Budget Alberta because of the extremely high interest rates Budget Alberta has been paying on equipment leases that have been in place for some time and Budget Alberta's challenge with attempting to secure refinancing of these leases with bank debt or other financings at current market rates in an environment where lenders are not lending.
Under CEO Jim Can, the company embarked on an ambitious turnaround in 2008 that involved cutting costs, eliminating expenses, reducing payroll, and focusing on key markets, all of which allowed Budget Alberta to begin operating on a positive cash flow basis. However, as the global recession deepened, Budget Alberta's customers began delaying payments, some have gone out of business altogether without paying Budget, and the downturn in housing construction and oil & gas projects, typical market strongholds for Budget Alberta, all have led to a severe tightening of cash. "Budget Waste, Inc. must secure sound financial footing," said Jim Can, CEO. "This step to give us protection from claims of creditors and to allow Budget Alberta to restructure its debt is imperative so that Budget Waste can build on its core strengths and be focused and financially sound in the coming months and years."
BWI Holdings, Inc. Renews Their Five-Year Contract With the Town of Chestermere
CALGARY, AB -- (Marketwire) -- 03/03/09 -- Jim Can, CEO of BWI Holdings, Inc. (OTCBB: BWIH), operating as Budget Waste Inc., is pleased to announce the Town of Chestermere has renewed their curbside contract for another five years commencing March 1, 2009. BWI will provide weekly curbside refuse pickup to approximately 5,000 homes. The revenue generated from this agreement is approximately $500,000 per year or 2.5 million over five years.
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(renewals are status quo, new contracts to become profitable)
last Q end 12/31/09:
Revenue $638M
Net income $16M
Diluted eps .27
OS 1/26/09 60M
I did'nt know this till now. Pretty much worthless shares from the get-go anyhow. NEW YORK, Feb 9 (Reuters) - Moody's Investors Service on Monday warned that directory publishers R.H. Donnelley & Sons (RHDC.PK) and Idearc Inc (IDAR.PK) may be each likely to pursue a prepackaged bankruptcy or distressed debt exchange as they struggle to overcome high debt loads.
Been trading this for weeks while waiting for a big move. I like this one.
thought this was interesting tidbit from that VSYM company you got me thinking about.
America's largest communications companies are racing to get a fiber network into every building and residence in the United States to compete with the growing need for integrated communication technologies. The convergence of internet service, cable television, IP phone service and safety/security systems monitoring is explosively growing to accommodate the volume of data and video transmission and demand for real time speed. The replacement of existing communications networks with a fiber network is the focus of the next decade.
Gunther Than, CEO of View Systems, states, "One of our founding practices was the design and construction of secure fiber transmission networks to handle our advanced video technology. There is, indeed, a large target market for fiber integration technology. Various commercial and residential consumers are looking for experienced companies to manage the evolving use of fiber networks that replace the aging copper and coax infrastructure. With our background and experience, we believe that the restoration of this section of the business will prove to be profitable.
They have operations in Edmonton area already. They shouldn't need anything for the Rohit job including trucks. Per Cari at BWIH.
Budget Waste conducts various waste management operations in Edson, Calgary, Edmonton, Red Deer and surrounding areas in the Province of Alberta, Canada and uses approximately 2,500 containers of various sizes and purposes and approximately 120 trucks
They wanted to expand. Here ya go! New contracts is what they need. Any new revenue showing a positive net can make them go from neutral to positive earnings.
BWI Holdings, Inc. Signs a One-Year Exclusive Agreement With Rohit Communities
CALGARY, AB -- (Marketwire) -- 02/18/09 -- Jim Can, CEO of BWI Holdings, Inc. (OTCBB: BWIH), operating as Budget Waste Inc., is pleased to announce the signing of a one-year exclusive agreement with Rohit Communities to provide services including waste removal, wood recycling, temporary fencing and portable toilets. Rohit currently has 7 multi-family projects and one duplex project under construction with 3 more scheduled to commence in 2009. Rohit Communities is the driving force in Rohit Group of Companies and has been developing highly sought-after neighborhoods for Albertans for over 20 years. Its diverse portfolio consists of single family homes, bungalow and two-storey duplexes, townhomes, and apartment condos. Rohit has established communities throughout Edmonton, Sherwood Park, St. Albert and Fort McMurray. Rohit Communities is recognized as a leading developer with a multitude of accolades. For more information on please visit their website at www.rohitcommunities.com.
must be cost-effective -I hope! If they're rolling out tons of FO cable maybe they can't do it all. I'm looking at those type cos. now. Ericsson & Lucent just got VZ contracts for 2010. Ericsson was $28 last July, now $8.
thats what I like to see, the fiber optic lines getting used more & more.
Harford County, Md., Awards Cable Franchise to Verizon
Vote Paves the Way for Innovative, Competitive Choice for TV Service, Delivered Over the Nation's Most Advanced All-Fiber-Optic Network Straight to Consumers' Homes
BEL AIR, Md., Feb. 18 /PRNewswire/ -- Residents in Harford County, Md., are a major step closer to having an innovative, reliable and competitive alternative for their television services, thanks to a unanimous vote by the Harford County Council on Tuesday (Feb. 17) authorizing Verizon to offer its fiber-optic-powered FiOS TV.
FiOS TV is delivered over Verizon's all-fiber-optic network, which brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. It also delivers Internet download speeds of up to 50 Mbps* (megabits per second) and upload speeds of up to 20 Mbps, as well as high-quality voice services.
In Maryland, Verizon currently offers FiOS Internet and FiOS TV services to dozens of communities in Anne Arundel, Baltimore, Howard, Montgomery and Prince George's counties, and parts of Bel Air. The company plans to begin offering FiOS Internet and FiOS TV in Aberdeen and other areas of Harford County in April.
"Approval of Verizon's video franchise is great news for Harford County residents, who soon will have more choice for their video entertainment," said William R. Roberts, Verizon's regional president in Maryland and Washington, D.C. "We commend the Harford County Council and its staff for their dedication and hard work throughout this process.
"Clearly, they recognize and support the technological advantage and competitive benefits -- as well as the distinctive edge in economic development and quality of life -- that fiber will bring to their community," Roberts added.
Verizon currently offers FiOS TV to more than 9.2 million homes in parts of 14 states: California, Delaware, Florida, Indiana, Maryland, Massachusetts, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas, Virginia and Washington state.
2/4/09; AT&T Emerges As Bidder For Verizon Wireless Assets: WSJ
NEW YORK -- AT&T Inc. has emerged as a leading bidder for about $3 billion in wireless assets of Verizon Wireless, according to a report Wednesday in The Wall Street Journal, which cited people familiar with the matter. Other potential buyers include a joint bid from private-equity firms Carlyle Group and Kohlberg Kravis & Roberts & Co.; Providence Equity Partners LLC; and possibly at least one cable provider, the report said. Verizon Wireless, a joint venture of Verizon Communications Inc. and Vodafone Group PLC , has to divest the assets as part of its acquisition of Alltel Corp.
ANTP, 2.55, Book= 3.40, 2M float and buyback news.
Book value 3.40 here. Occasional shares bought back with a 2M float should push this over $4/share. Do the math.
8K out, Share buy-back news:
PHAZAR CORP ANNOUNCES SHARE REPURCHASE PROGRAM
PHAZAR CORP, (NASDAQ: ANTP) announced today that at a regularly scheduled meeting, the Board of Directors of PHAZAR CORP authorized a share repurchase program, not to exceed $1,000,000. The resolution permits the Company to purchase common shares in open market transactions from time to time, subject to market conditions, at its discretion.
The shares will be held as Treasury shares and will be used from time to time to fund outstanding option grants when and if exercised, directors fees and compensation and other equity incentive based benefit programs which might arise in the future. However, the Company is not obligated to purchase any shares.
Commenting on the Board resolution, Garland P. Asher, Chairman and CEO, remarked: "Given our strong cash balances and the current negligible interest rates available on cash equivalent investment instruments, purchasing shares for Treasury with a portion of our cash should be a better potential investment return for our shareholders."
More information and analysis of PHAZAR CORP's financial results is provided in the management discussion and analysis of financial condition and results of operations in the Form 10-Q for the second quarter ended November 30, 2008, which was filed with the Securities and Exchange Commission on January 14, 2009
Nortel files ch. 11. "...and another one bites the dust".
Nortel Networks (NT) filed for bankruptcy protection in Delaware on Wednesday morning, according to reports.
Dow Jones Newswires reported that the telecom-equipment company had filed for Chapter 11 bankruptcy protection in Delaware. It also reported that the Canadian parent company filed for Chapter 15 bankruptcy protection in Delaware.
Shares of Nortel had fallen more than 20% on Tuesday. The company was due to make an interest payment of around $107 million on Thursday, and the markets had concerns whether the company would be able to make the payment.
Dow Jones Newswires reported that court filings show the company owes bondholders more than $3.8 billion.
Nortel has come under pressure during the global downturn, as companies spend less on its products and as it has faced competition from rivals such as Alcatel-Lucent (ALU).
Nortel was reportedly expected to file for bankruptcy protection in Canada, too.
Sure didn't like to see how things affected the earnings on last Q but now that's behind us. With the tight margins it doesn't take much for this to lean one way or another. Let's hope the investment in new product, R&D, and new employees works out. Six more weeks till next Q.
Friday, January 09, 2009
Verizon Wireless Seals Deal With Alltel, Becomes Largest U.S. Carrier
The wireless carrier that calls itself America’s most reliable network is now America’s largest.
Verizon Wireless, a joint venture of Verizon Communications (VZ) and Vodafone (VOD), announced Friday the completion of its purchase of Alltel Corp. – a move that boosts the carrier’s customer base to approximately 83.7 million. The company paid about $5.9 billion for the equity of Alltel. Alltel's debt associated with the transaction, net of cash, came to about $22.2 billion, according to a release.
As part of the deal, Verizon Wireless will divest overlapping properties in 105 markets across 24 states – a move that could affect as many as 2.1 million customers across the nation. The affected markets, which are listed here, will be run by a management trust under their current brands until they are sold. They will not be integrated into Verizon Wireless, according to the release.
Verizon Wireless said it will integrate all other operations and continue to use the Alltel brand until the two carriers’ networks and billing systems are integrated. The company said it expects the re-branding process to continue through the third quarter of 2009. In the meantime, Verizon Wireless said Alltel-branded stores will continue to serve customers.
Alltel customers have been advised not to take any action at the moment, as their current service plans, prices and features will be preserved through the transition to Verizon Wireless. Customers will receive a letter during the next few weeks with more specifics on how the transition will affect them.
Verizon Wireless said Alltel employees below the executive level will continue in their present positions as the company examines its staffing needs.
Lockman, o.k. you're on now. I don't know why it deleted your post though, strange. I see boardmarks are up by 3 or 4 recently. I'm not paying much attention here as I'm trading Nasd & Amex mostly these days.
Lowtrades listed mine as BWIHZZ, with ZZ denoting restricted. CDID being dumped for EOY tax-loss is my guess. I myself hate to carry over stocks into new year as far as IRS filings go.
Hope you had a good Christmas. Neighbor across street went to hospital in ambulance Christmas nite with his family watching. Talk about a holiday bummer.
same here. they got share quantity correct as well.
The Q's loss attributed to: `The net loss in the second quarter of fiscal year 2009 is attributed to lower gross profit margins and an increase in sales and administration expense. The lower gross profit margins were due to higher raw material costs on firm fixed price contracts. The increase in sales and administration expense reflects higher compensation costs associated with newly hired employees, incremental research and development costs during the quarter for continued development of our new mesh radio wireless networking product line and an increase in legal and professional fees primarily associated with the litigation against UBS Financial Services.`
The litigation is favorable for the company in the long run & the new product line hopefully will be also.
chart looks good. like many others kinda ramped to a doji time. hard telling how long any advance will last these days.
PHAZAR CORP Announces Second Quarter 2009 Financial Results
PHAZAR CORP (NASDAQ: ANTP) announced today the unaudited results of operations for the three and six-month periods ended November 30, 2008.
Second Quarter Fiscal Year 2009 Revenues of $2.1 million for the second quarter increased 23% compared to $1.7 million for the same period last year. The Company recognized a net loss of $ 153,703, or $ 0.07 per share for the second quarter, compared to net income of $114,224, or $0.05 per share, in last year's fiscal second quarter.
The increase in revenues is attributable to $333,417 of additional shipments in the antenna product line for the three month period ended November 30, 2008. The net loss in the second quarter of fiscal year 2009 is attributed to lower gross profit margins and an increase in sales and administration expense. The lower gross profit margins were due to higher raw material costs on firm fixed price contracts. The increase in sales and administration expense reflects higher compensation costs associated with newly hired employees, incremental research and development costs during the quarter for continued development of our new mesh radio wireless networking product line and an increase in legal and professional fees primarily associated with the litigation against UBS Financial Services.
Six Month Period Ending November 30, 2008 The Company reported revenues for the six-month period of $4.1 million, an increase of 15% compared to $3.6 million for the comparable period last year. Net loss for the six-month period was $ 58,911, or $0.03 per share compared to net income of $290,466, or $0.13 per share for the comparable period last year.
Backlog of Orders The Company's backlog of orders on November 30, 2008, totaled approximately $2.1 million compared to $4.0 million at November 30, 2007, a decrease of 47.5%. Backlog at our May 31, 2008 year-end and our first quarter of fiscal year 2009 was $2.5 million and $2.0 million, respectively. Incoming orders for the six month period totaled $3.8 million versus $4.0 million for the comparable period last year.
The Company's book to ship ratio was 93% for the six month period ended November 30, 2008 compared to 114% for the comparable six month period last year.
More information and analysis of PHAZAR CORP’s financial results will be provided in the management discussion and analysis of financial condition and results of operations in the Form 10-Q for the second quarter ended November 30, 2008, estimated to be filed with the Securities and Exchange Commission on or around January 15, 2009.
Thanx :)
My only account change so far has been BDGW to CDID. I have not received any info on BWIH shares yet but may be cause I recently moved. I've been getting conflicting stories all around. What a circus this has been. sheesh! All Jim told me was still in NASD's court. Just waiting on Q which is stalled cause of the dividend debacle. Some are buying CDID shares in hope that RM will improve that price. Sorry I have no more info. After the 1:20 I figure my BWIH shares are too few to matter concerning dividends. So far I'm not happy about this stock but let's see how it plays out.
NT 10Q filed today 12/16. Under BWIH. CDID(formerly BDGW) is supposed to have a RM into it soon. They had $1M financing left over still.
thank goodness the telecoms are showing some strength in this market. I noticed how quickly they took care of the electricians strike. I'm within 1 mile of Boeing & that strike dragged out for a while.
new symbol news---->
BWI Holdings Announces Symbol Change
CALGARY, AB, Nov 25, 2008 (MARKET WIRE via COMTEX) -- BWI Holdings, Inc., formerly Gray Creek Mining, Inc. (OTCBB: GYCK) announces that effective November 26, 2008, its new stock symbol is BWIH.
BWI does business as Budget Waste Inc, which is a waste solutions company in Western Canada providing complete waste and recycling services to commercial, industrial, construction, homebuilding, oilfield and residential clients. With our broad range of innovative services we offer our customers more value for their dollar and reduce accounting costs by providing streamlined billing. With regulations throughout North America pressing companies and individuals to be more vigilant in the way they handle their waste products we see vast opportunity for expansion of our distinctive services.
BWI Holdings
Investor Relations
3915 - 61st Ave. SE.
Calgary, AB T2C 1V5
Ph. 403-255-2900
Toll Free 1-888-255-2990
Fax: 403-255-3237
Email: ir@budgetwaste.com
New Q out ending 9/30. Break-even again. Lower liabilities and debt. 20M shares were issued to cancel debt so current OS is 109M. Last post correction- assets/share is .11, not .16.
low of .02, on assets alone its worth .16. But its all stocks not just this one. and the new prez sure instills good market stability.