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Its golfing time....you all have a good day. I wouldn't look too much into this stock. When the news hits we will all be setting pretty IMO.
Yeah it is but I will take anything in between. LOL
Guys I am new to this board but definetly not pink sheets. IMO I would let the company go for the gusto (NASDAQ sc). The pink sheets are so manipulated by MM's and NSS that you would have a very hard time finding the true value of the stock. It would shake a lot of shareholders out. If I was already vested in this company I would want NASDAQ not pinksheets. The pinksheets IMO could send this stock into subpenny land if your not careful. However, a release stating they are going to go to the AMEX or NASDAQ sc could send it soaring. "Investors" don't like risk and pinksheets spell "risk". For a day trader pink sheets are great but not for an investor. This is all JMHO and I hope the stock comes through for you....it looks like a pretty good investment especially if they move to the NASDAQ. Good luck!
I don't think it will. Not until the news is officially released. Just like any other pinkie no one buys until the news is completely and totally confirmed. So many pinks say one thing and then do something else....or something always comes up that flushes the deal down the toilet. In this case I am holding long I think this company is the real deal but pinks are always risky and investors don't like risk. If this moves to the OTCBB it will gain momentum...if the move higher the share price will skyrocket IMO.
Good example of not believing a pink....take a look at NDOL. Saying they are getting bought out at 2.20 a share yet the price is at 60 cents.
JMHO
No problem
Gapper = BDCO
Where are you getting the tie of the Saudi oil and USXP? Sorry I haven't been following the stock too closely lately.
Me too, but to early. Bought at 25. ;{
You still in NBIX? You think it will recover tomorrow at all?
GAPPER = NBIX
For 5/16/06 Ced70
Me too! Got it at 25 dollars a share. ;(
Gapper = NBIX
For 5/17/06
LMAO!
Seriously? I would love to see it. I am in TGC (1.50 for 670 shares) and TGB (2.83 for 450 shares). I would like to see both of them take off again. The market as a whole seems to be down from last week. So I am holding for a couple weeks and I believe we will see some good gains.
Do you really think they would send special info across an email to investors. They know this stuff is going to be posted for the world to see. I still think the fundamentals are there and this will be a good company over the long haul. If your a day trader go somewhere else. JMHO
Surely this will recover, right? Seems oversold to me. I was thinking over 3.25 by EOW. Maybe off on this one though.
TGB looks like a gapper. Hoping to see it over 3 by EOD. We will see.
I hope we will see a rebound today....assuming the market as a whole is green.
Are you still in SMTX early?
I think SMTX would have to gap on Monday but maybe I am wrong. Didn't do what I expected it to do after the good earnings report. Any opinions on this one?
Black Friday!! All stocks are tanking today or so it seems.
Surprised this one isn't really taking off in premarket!! With the earnings they reported I would expect a nice lift on the PPS. Well I guess we'll see what happens today.
WOW! It's pretty obvious the bashers have showed up to try and keep driving this thing down. That is a good sign of things to come. I hopefully will be back to this one very soon. I like the PPS right now I think it is an excellent buy IMO. GLTA
The earnings have been steadily increasing. They just released first quarter results today and they are looking pretty good. Here is the news:
TORONTO, May 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- SMTC Corporation (1) (SMTX) (SMX), a global electronics manufacturing services provider, today reported revenue of $59.9 million and net income of $1.0 million, or $0.06 per share, for the first quarter ended April 2, 2006, compared with revenue of $49.1 million and a net loss of $2.6 million, or $0.18 per share, for the quarter ended April 3, 2005. In the fourth quarter of 2005, the Company reported revenue of $58.1 million and net income of $1.4 million, or $0.10 per share. Net income in the fourth quarter of 2005 included an income tax recovery of $0.6 million, or $0.04 per share.
"Our first quarter performance demonstrates our continuing progress to attain satisfactory financial results", stated John Caldwell, President and Chief Executive Officer. "Growth in year over year quarterly revenue reflects the strength of our customers' businesses and the positive effect of new customer programs coming on stream. Our improved earnings result from stronger revenue and mix of business."
Gross profit for the first quarter of 2006 was $6.1 million, or 10.1% of revenue, compared with $4.9 million, or 8.4% of revenue, for the previous quarter and $2.0 million, or 4.1% of revenue, for the first quarter of 2005.
"Our first quarter results met our internal targets demonstrating our consistency in generating after tax profits and positive trending in revenue. As expected, we utilized approximately $6.0 million in cash to finance our growth and higher level of activity at the end of the quarter", stated Jane Todd, Senior Vice President and Chief Financial Officer.
"The Company affirms annual guidance provided last quarter indicating that 2006 will be a year of growth in both revenues and earnings", stated John Caldwell.
About the Company: SMTC Corporation is a global provider of advanced electronic manufacturing services. The Company's electronics manufacturing centers are located in; Boston, Massachusetts; San Jose, California; Toronto, Canada; and Chihuahua, Mexico, with a third party facility in Chang An, China. SMTC offers technology companies and electronics OEMs a full range of value-added services. SMTC supports the requirements of a growing, diversified OEM customer base primarily within the industrial, networking, communications and computing markets. SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on The Toronto Stock Exchange under the symbol SMX. Visit SMTC's web site, www.smtc.com, for more information about the Company.
Note for Investors: The statements contained in this release that are not purely historical are forward-looking statements which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements may be identified by their use of forward-looking terminology such as "believes", "expect", "may", "should", "would", "will", "intends", "plans", "estimates", "anticipates" and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of SMTC Corporation. For these statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995. Risks and uncertainties that may cause future results to differ from forward-looking statements include the challenges of managing quickly expanding operations and integrating acquired companies, fluctuations in demand for customers' products and changes in customers' product sources, competition in the EMS industry, component shortages, and others discussed in the Company's most recent filings with securities regulators in the United States and Canada. The forward-looking statements contained in this release are made as of the date hereof and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
SOURCE SMTC Corporation
Already in this one around 2.90. I think this one will take off tomorrow. Already up to around 3.30 in AH's with little volume. This one is a low floater.
JMHO
Do you have any interest in EDEX? Just curious....I missed the boat on PGPM and got EDEX it has been a pretty steady mover too. Not promoting just looking for an opinion. Thanks
I have been on that one for quite some time. I think they have a good business structure and a great idea. I have been wanting to go tour their facility in Lexington, KY but have not had the chance yet. I live in KY. My thought is it is a really good buy at the current prices but havent looked at the A/S or O/S lately. Looks like pink sheets are saying 5 billion A/S and 3.7 billion O/S. A little high they need to do a R/S or retire some shares to get back to under a billion IMO, but I still believe this company could have a promising future. JMHO
Nice Close. Very Strong. I like it.
I think I have gotten into 2 real winners here. EDEX and LFWK. Thanks for all of the info guys/gals.
I think I have gotten into 2 real winners here. EDEX and LFWK. Thanks for all of the info guys/gals.
I have 95000 shares of this hope to see 20 cents or so over the next few weeks. Any opinions or comments? Am I out of line here?
Is this one just going to keep going down? I find that hard to believe after the record earnings. Just seems amazing to me. I am still holding out at least till the end of the week.
I agree I am in at .275 and looking for mid 40's at least. We will see.
Yeah I know I will get out pretty quick but I think it is good for a pop. This one has been over 50 cents on no news. The earnings reported today were great in comparison. I am think mid 40's over the next few days. May be way off but I expect a pop.
Maybe but currently in GTEC and holding for a few days. Probably get in after that. This one just looks like awesome potential.
http://www.investorshub.com/boards/read_msg.asp?message_id=10850028
http://www.investorshub.com/boards/read_msg.asp?message_id=10851674
http://www.investorshub.com/boards/read_msg.asp?message_id=10851838
Take a look at these links that I posted before. I got out only because at the current time it the shares are restricted under Rule 144. Please review that rule and look at what it states. If you look over the recent APOA SEC filing you will see that it states in their about the restriction on the merger.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D06...
SECTION 1.08 RESTRICTIONS ON RESALE
The Issuable Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) PARENT receives an opinion of counsel for PARENT that an exemption from the registration requirements of the Securities Act is available.
The certificates representing the number of Issuable Shares into which the TARGET Common Stock shall have been converted pursuant to this Agreement shall contain legends substantially as follows:
“THE SECURITIES WHICH ARE REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION STATEMENT WITH RESPECT THERETO IS DECLARED EFFECTIVE UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE COMPANY THAT AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT IS AVAILABLE.”
Ummm....NDOL according to pinksheets.com they are still pink sheets. They announced they were going to move to the NASD, but havent yet.
http://www.pinksheets.com/quote/quote.jsp?symbol=ndol
I hope so....thinking about throwing some in this one....could be huge. Thinking it may dip tomorrow...we will see I guess.
I am supposing that they have tested the land and really all that is left is drilling the land and pulling out the oil?
I can say this I looked at another company that got 4 million barrels from a 40 acre area and if you do the math that would produce 1.2 billion from a 12000 acre area. So it is not out of the question.
Has anyone called the company or verifed any of this information that they posted in the PR? Just wondering I have got burned on pink sheets so many times just a little skeptical about jumping in after the huge gains on 5/1. Thanks for any help you all can provide. If they truly do have that many barrels and the assets are that great this company could be amazing. Surely they have plans to get off the pink sheets board and move to OTC or better yet AMEX or NASD. Any opinions?