HAL...Strong earnings after the bell! Isn't that one of FTK's (Flotek) customer's???......

From IBD interview...

"Secondary and enhanced methods to get at that stubborn oil can push recovery levels as high as 90%. These methods require equipment, chemicals and supplies provided by gas and oil-field services operators such as Halliburton (NYSE:HAL - News), Schlumberger (NYSE:SLB - News) and Baker Hughes (NYSE:BHI - News).
Flotek works closely with those firms. Its engineering and design services help create targeted technology and chemicals for customers."

DXPE earnings, (wadegarret)...

http://www.investorshub.com/boards/read_msg.asp?message_id=12134587

DXPE...I guess there's just something about the words
"Our productivity continues to improve"
and
"Our outlook continues to be strong"
from their last earnings report that makes me want to add at these prices since earnings come out Monday,
We'll see what happens.

DXPE...Added in the $23's today because....

http://www.investorshub.com/boards/read_msg.asp?message_id=12095000

ALY...CC notes...

posted on yahoo...

http://messages.finance.yahoo.com/Energy/Oil_and_Gas_Operations/threadview?m=tm&bn=25753&tid...

http://messages.finance.yahoo.com/Energy/Oil_and_Gas_Operations/threadview?m=tm&bn=25753&tid...

http://messages.finance.yahoo.com/Energy/Oil_and_Gas_Operations/threadview?m=tm&bn=25753&tid...

ALY, (niles_crane3)...That makes ALY's earning's look even more attractive.
Last Q was 12%! That was one of the reasons I kind of shyed away from ALY. I knew their tax rate would increase.
VERY good quarter, ESPECIALLY if you include those increases in taxes!!

ALY...Earnings PR specifically says..."The solid growth in revenues was due to continued success with integrating recent acquisitions while expanding operating locations, personnel and equipment and growing our customer base in response to strong demand for our products and services."

I am going to look at this as the growth will continue. If it does, the $13's will look like a steal a couple of months from now, so I just picked up a few shares. (Earned $0.50 for the quarter on strong growth and trading at $13.60??? Not often you see that.)
Anyone going to listen to the cc?

FTK, TGE...Oil servicing companies are reporting very lucrative quarters and the industry seems strong as ever. They've been beaten down pretty good over the last couple of momths, so it'll be interesting to see if stocks like FTK & TGE start inching up a little from here, before they report.
BTW, Very good quarter on ALY. (would have been nice to own that one before today).

DXPE...A BIG thanks to those who brought up and discussed this stock on the board yesterday. I said it yesterday, and I'll say it again, I REALLY like the potential here!!!

DXPE....Look @ LUFK's earnings. DXPE may have a little rebound today. They're comparing the two over on yahoo.
LUFK's earning's could bode well for the whole sector.
We'll see what happens.
DXPE is currently up $0.59 in pre-market trading.

DXPE...7/18/06, Strong Buy Rating Reiterated by Dutton & Assosiates...

"Maintain Estimate of Over 70% Increase in Year-Over-Year 2Q
EPS; Strong Buy Rating Reiterated"
Price target $50.00
DPXE - Yesterday's close = $22.65

http://www.jmdutton.com/research/DXPE/index.html

MikeS97707, Re: Oil & Gas services companies...FTK...

For a good L/T hold, FTK is my favorite! One of the best there is! (Of course, that's only my opinion and I'm very long term here!)

Even though there's a lot I still don't know about the industry or the company, the reason I believe Flotek has an edge over the others is this...

They are diversified. (Oil, NG, CBM, Mining, Water wells)
They have expanded and continue to expand on a global basis.
They specialize in specialty chemicals, microemulsion additives, manufactuing, drilling equiptment, rentals, and production valves, with approx 50% of their growth and sales coming from PATENTED PRODUCTS THAT INCREASE PRODUCTION BY SUBSTANTIAL AMOUNTS!!
Not a lot of shares outstanding, considering their kind of growth!
Based on a recent IBD article, it looks like Flotek is now working w/ some big names in the business...BP, Royal Dutch Shell, Halliburton, Schlumberger, and Baker Hughes.

Flotek's presentation from Feb's EnerCom conference (very much worth listening to)....
http://www.investorcalendar.com/IC/CEPage.asp?ID=100131&CID=

FTK's 3 year history...
http://finance.yahoo.com/q/is?s=FTK&annual

Interesting read on Flotek's Microemulsion Additives...
http://64.233.161.104/search?q=cache:O9sTqcTsjJ8J:www.pentech.biz/SWPSC05Paper%255B2%255D.doc+microe...

This is all just my opinion MikeS, and the way I take a read on Flotek, so if you end up doing a little dd on the company, let me know what you think.

FTK, DXPE, HURC = Great L/T Trio....

These three companies have...

- Good consecutive profits!
- Strong consecutive growth!
- Lot's more growth in the pipeline!
- A very low share count with little to no dilution! (unless for lucrative acquisitions)
- Low forward PE's
And all look to be fully taxed!

This trio is about as good as it gets long term! (IMO).
(At this point, there doesn't seem to be too much speculation at these prices. Makes it easier to sleep at night. LOL).
Starting today, and over the next few months, I'm going to try and track these three companies to see how they do as a group.

Today's closing prices =

FTK....$15.00
DXPE...$22.65
HURC...$21.73

We'll see what happens!

DXPE...Just noticed DXPE was upgraded to to $50 a share only 11 days ago!!! The stock price was sitting at approx $29 at the time of the upgrade, compared to today's price of $22!! I am liking this company the more and more I look at it....

DXP Enterprises upgraded to "strong buy"

Friday, July 07, 2006 2:20:02 AM ET
JM Dutton & Associates

NEW YORK, July 7 (newratings.com) - Analyst Paul J Resnik of JM Dutton upgrades DXP Enterprises Inc (DXPE.NAS) from "buy" to "strong buy." The target price has been raised from $49 to $50.

In a research note published yesterday, the analyst mentions that the upgrade in rating follows the 32% decline in the company’s share price since May 31. DXP Enterprises has raised its credit facility with Wells Fargo from $30 million to $40 million, thereby enhancing its financial flexibility, the analyst says. The company continues to move ahead with its pursuit of accretive acquisitions and internal growth, JM Dutton adds.

DXPE...Hweb, I like this one. Just breifly glanced it over and you aren't kidding, it could really run sometime between now and the end of the year!! Still looking, but here's what I've picked up on so far that seems to make this an attractive investment at these prices...

1. Very profitable growing company w/ three consective quarter's of gains and a VERY LOW share count of 5.7M shares outstanding!

2. HUGE gains last Q w/ these comments from CEO..."We are pleased with our internal growth and successes in delivering additional product categories and expertise to new and existing customers. Our productivity continues to improve through our efforts in supply chain management and information technology. We are excited about the prospects for 2006 and our outlook continues to be strong."

3. Looks to be fully taxed!

4. Acquisistion since last earnings report....
June 01
DXP Enterprises, Inc. Announces Strategic Acquisition of Production Pump and Machine Tech
"We anticipate this acquisition to be immediately accretive to earnings."

5. Opening of a new service center since last earnings report...
DXP Enterprises, Inc. Announces the Opening of a New Service Center in Port Fourchon, LA
"With over 50% of pending deepwater projects planning to use Port Fourchon as their service base, DXP has strategically placed the new service center in order to satisfy the needs of the oil and gas industry in the area."

Thanks to those who brought this to the board!!

3G growth in China...
(Let's see if I can hold my TBYH until 2011...LOL)...


Analysys International Says China's 3G Subscriber Base Will Reach 270 Million By 2011

BEIJING, July 18, 2006 /Xinhua-PRNewswire via COMTEX/ -- Analysys International, a leading Internet based provider of business information about technology, media and telecom (TMT) industries in China, says China is most likely to issue 3G mobile telecommunication licenses in the second half of this year and China's 3G subscriber base will reach 270 million by 2011.
When China's 3G market initiates, China Telecom and China Netcom will adopt preferential policies including low-end terminals and low fees to attract users. Therefore, they will focus on low-end and mid-range users. While China Mobile and China Unicom will develop 3G subscribers on the 2G platforms, mid- and high-end users who have strong data service demand will be the focus targets.
( http://english.analysys.com.cn/admin/images/1459_1.jpg )
Analysys International says China's 3G-subscriber base will develop in three stages:
2006-2007: With network coverage less than 80% and mainly covering big and medium cities, 3G subscribers will reach 25 million in this stage, accounting for 5% of total mobile telecommunication subscribers in China.
2008-2009: With the network coverage issue being solved, 3G subscribers will expand rapidly to 138 million in this stage, accounting for 25% of total mobile subscribers.
2009-2011: As 2G handsets are eliminated from the market and carriers bind voice service with 3G services, 2G mobile subscribers will be passively upgraded to 3G. 3G subscribers will reach 270 million in this stage, accounting for 38% of the total.
For more information about this subject, please check the website: http://english.analysys.com.cn .

HURC...New facility in China now open...
?

Hurco (Indianapolis) opens a new facility in Ningbo, China, approximately 200 km south of Shanghai. The machine-tool-maker's facility will initially focus on machining castings.
http://archives.fandmmag.com/publication/article.jsp?pubId=1&id=111

"In the future, Hurco plans to expand the Ningbo facility to include sub-assembly operations and a final assembly operation. "The final phase in our strategy will be to build machines that are specifically designed for the complexities of the Chinese market," said Fabris.
The Ningbo facility illustrates Hurco's momentum in executing its strategically planned worldwide business model that the company designed to meet customer demand throughout the world by continuing to offer quality machine tools at a lower cost with shorter lead times."
http://news.thomasnet.com/companystory/486085

HURC...Excellent article out this morning on Hurco...
(Gotta love the last sentence if you're a HURC investor)....

News Release from: Hurco Europe
Edited by the Manufacturingtalk Editorial Team on 18 July

2006VMCs' programming system speeds throughput

The simplicity of CNC programming on three VMCs allows jobs to be turned around faster, resulting in improved profitability coupled with a short learning curve for new operator-programmers.

Around 70% of components produced on the three Hurco vertical machining centres (VMCs) at Milltech toolmaking Services are programmed on the shop floor by manual data input at the computer controls. According to owner, John Hickey, the simplicity of Hurco's Ultimax programming allows jobs to be turned around faster, resulting in improved profitability coupled with a short learning curve for new operator-programmers. Milltech started trading in June 2000 with a couple of 2.1/2-axis mills, a manual lathe and a surface grinder, moving to its present premises on City North Business Park, Cork, Ireland, at the start of 2006.

The company specialises in producing fixtures for a multiplicity of applications and also produces plastic injection moulds and press tools.

A particular strength is in providing customers with computer-aided design input in about half of the contracts it takes on, using AutoCad and SolidWorks.

The initial entry into full CNC took place in 2001 with the purchase of a lathe, followed a year later by the installation of the first Hurco VMC, supplied through local Irish agent, Michael Gannon.

Designated VM1, the machine is controlled by the manufacturer's own Max CNC system.

'In terms of user friendliness, it is similar to the 2.5D control on our mills, but much more capable,' confirmed Hickey.

'It helps us to program components, machine them and get them out of the door much faster than before; and accuracy is better too.' He said: 'We were so impressed that we invested in a second, identical VM1 just six months later.

The machines give us a competitive edge, as we are able to keep wage costs down by avoiding having an operator changing tools and supervising a machine continuously.' To illustrate how much faster his company is now able to turn around an order, he cited a stainless steel base plate for a cropping tool used in the medical industry, a sector that accounts for 60% of Milltech's turnover.

The plate was machined in 4h on a Hurco VM1, whereas it would have taken an operator between two and three 8h shifts to produce the part on one of the manual-toolchange mills.

Prototypes and small batches of up to 10-off were Milltech's core business until recently, with contracts regularly received from the electronic and automotive sectors as well as from medical OEMs.

However, new work producing automated assembly machine parts for a cosmetics company has raised some batch sizes considerably to between 300- and 500-off.

Another recent contract involved the production of 100-off aluminium brackets for an electronics customer.

These jobs created a problem for Milltech, as components machined from aluminium generate a lot of swarf, as do parts from acetyl, which is regularly used by the Cork subcontractor.

So in January this year, Hickey decided to buy a machining centre with integral swarf conveyor, turning again to Hurco for one of its VMX 24 models, opting for the high-speed model with 15,000 rev/min spindle.

Continued Hickey, 'We recently saved one man-day in the production of a batch of acetyl parts, as without the swarf conveyor we used to have to stop the cycle every 20 minutes to clear chips from the machining area.' He added: 'Moreover, higher spindle speeds allow us to achieve greater productivity using small cutters, for example when we drill 0.15mm holes through sheet material.' The machine has higher spindle torque for tackling difficult materials and faster rapid traverses for shorter idle times.

Control system is the higher-specification, twin-screen Ultimax CNC, which offers additional functionality including the ability to see, displayed on the second screen, a graphic of the part being programmed.

Hickey went on to describe a job completed in the first quarter of 2006 that Milltech would have had to turn away when it operated only manual-toolchange milling machines.

The work would have been too time-consuming for a competitive quote to be tendered and in any case, tolerance would have been almost impossible to hold on a bed or knee mill.

The job involved interpolating 80 holes of 5 mm diameter through three stainless steel plates using a 4mm carbide cutter.

Bore accuracy had to be within -0/+15 microns and required positional tolerance of hole centres was +/-0.01 mm.

Each plate was completed in a cycle time of less than 1.5h.

As to the future, Milltech will be phasing out its basic milling machines now that it is apparent how much more money full CNC machines from Hurco with fast, swing-arm automatic toolchange and 30m/min rapids can generate, especially as unattended 'ghost shifts' can be run well into the night.

Fast set-up is imperative, as is confidence that the part will come off correct first time, otherwise profitability is compromised.

So it is likely that further investment will be made in Hurco machines with their proprietary Max or Ultimax control.

http://www.manufacturingtalk.com/news/hur/hur142.html

FCX, (kipp440), That's some strong increses over last year and last quarter.

DRDF...Looks like I was missing something....

http://www.investorshub.com/boards/read_msg.asp?message_id=12072383

TBYH...Thanks MikeS. Even if it takes longer than expected to launch the 3G phone's, hopefully there's plenty in the pipeline to get them to their projected min growth rate of 10%. This was released in April...

April 5, 2006
T-BAY Holdings, Inc. (TBYH) , a leading mobile device designer, announced today that it has completed three newly designed cell phone products numbered: 9701, 9702 and 9109/9110. The products' sales and market response have been excellent. Total sales have already reached 225,000 sets, with another 350,000 units expected to be sold during the next two months.

These phones include cutting-edge video and audio applications like FM radio, TV compatibility and MP3 applications.

T-BAY is currently in the process of designing an improved version of the 9702C and new module 9501, both of which should be launched in June.

Looking forward to an update in a few weeks.

TBYH...If T-Bay can ramp up their 3G design's this year while maintaining a minimum earning's growth rate of 10%, their stock is worth more than $2.37 IMO. (Trailing PE = 7)
Update due out in a few weeks when Q1 number's are released. In the meantime, here's their previous timetable given in March....

T-Bay's timetable includes:

1. Sign cooperation contracts with platform providers by June 2006.
2. Complete 3G phone design solutions based on platform and model making by the end of year 2006.
3. Sell products on the market before June 2007.

Mr. Xiaofeng Li, CEO of T-Bay Holdings, commented, "The timetable is mainly based on current development of 3G technology and the Chinese Telecommunication industry. The 3G networks are still setting up and testing in some major cities like Beijing, Shanghai, and Guangdong. The networks will be available in major cities in the next 6 to 12 months, and widely spread by the end of 2007. By providing design solutions by the end of this year and having products on the market during mid-2007, our timing will be right."

"The timetable is based on our understanding on current 3G development worldwide," said Eric Xue, Chief Technology officer of T-Bay. Mr. Xue recently led a team participating in the 3GSM World Congress 2006 in Barcelona, Spain from Feb. 13-16, 2006. "We collected significant useful information on development of 3G in the conference and communicated with many international fundamental technology suppliers and 3G phone manufacturers."

Mr. Xiaofeng Li also disclosed that T-Bay will possibly develop and design 3G phones based on two different platforms, both of which from big companies with international reputation. The double-platform strategy will enable T-Bay more flexibility, a distinct competitive advantage.

--------------------

From today's earning's report...

"The Chinese market is the largest in the world, with about 50 million new phones currently sold each year. Sales and royalties on our 2006 products alone should create earnings growth of at least 10% in fiscal 2007 but emerging catalysts suggest that an earnings growth rate approaching 30% is entirely possible for 2007."

"Through investments in R&D and a planned increase in capital expenditures, we are on track to market up to 35 total design solutions in fiscal 2007, a 40% increase in new products, including two 3G phones. In addition to offering new products, we are also continuing to add new customers and plan to aggressively enter additional markets in Eastern European and South America in fiscal 2007," stated Xiaofeng Li

DRDF...Thanks abh3vt. That explains the low stock price.

DRDF...Looks undervalued. Almost too undervalued. What am I missing?? I'll be out for a while but was wondering if someone could please take a look at this company to see if I'm not figuring something right. Would like to hear some feedback, if anyone has any...
http://www.investorshub.com/boards/read_msg.asp?message_id=12070714

DRDF...This is one VERY undervalued stock or I'm missing something...

3Q revenues = $18.9M (347% increase over prior year period)
3Q net income = $2.3M
Trailing 9 month net income = $5.4M
Share price = $0.0039 (less than a half of penny)
Shares outstanding = Approx 1B

If you take in account the reverse 200-1 stock split that's been approved but not in effect yet, here are what the numbers look like, based just on Q3 earnings....

Net Income = $2.3M
Shares Outstanding = 5M
Share Price = $.80
EPS = $0.46

Even if they doubled the share count after the RS to 10M shares, you're looking at a quarterly EPS of $0.23 vs a share price of $0.80 for the quarter!!???

WHAT AM I MISSING???
The approved reverse split could catapult this stock...unless of course I'm missing something.....

http://www.nasdaq.com/asp/ExtendFund.asp?CompanyID=5958&NumPeriods=4&Duration=1&document...

DRDF's latest 10Q...

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001019687%2D06%2D001294%2Etxt&FilePath...

TBYH...Trading at $2.60 after earning $0.34? That's a TRAILING PE of approx 7.5. With all the upcoming growth in 3G, TBYH should easily get to over $3 again after they filed their 10k. (but you never know in this kind of market).
This company is in ramp up mode on 3G design and IMO they will list on the AMEX.

FTK...The #'s...

2006 projected eps =
$1.35 - $1.45 (basic)
$1.20 - $1.30 (fully diluted)

To hit their projections, Flotek will need to average $0.35 - $0.40 per share, per quarter, for the remaining three quarters of the year. (They should easily hit their projections IMO.)
2006 EPS could look something like this on a fully diluted basis...

Q1...$0.19 (actual)
Q2...$0.25 (est)
Q3...$0.36 (est)
Q4...$0.48 (est)

If the growth continues throuh 2007, and I'm quite sure it will, especially if you take into account their entry into the CBM industry, the 2007 eps number's could look something like this...

2007
Q1...$0.55 (est)
Q2...$0.65 (est)
Q3...$0.75 (est)
Q4...$0.90 (est)
(These numbers DO NOT include future acquisitions! Add in future acquisitions, and the number's go up!)

Over the last year, Flotek has...
- Increased their total assests by 47%
- Reduced their total liabilities by 27%
- Inceased shareholder value by 441%
All this while substantially increasing both sales and profits!

What gives Flotek an edge over other o&g companies IMO, is that they're diversified (Oil, NG, CBM) with over 50% of their growth and sales coming from patented products that INCREASE production by substantial amounts!! For that reason, I believe the price of oil could drop back down to $50 a barrel and it wouldn't affect their growth.
It's no wonder companies like BP, Royal Dutch Shell, Halliburton, Schlumberger, and Baker Hughes are working with them.
It's not hard to visualize where FTK's stock price will be by the end of next year!! A very well run company, with excellent LT potential....
All just my opinion.
We'll see what happens!

FTK...Re: Flotek's Specialty Chemical division...

From Jerry's interview with IBD...

"We do not see any limit to growth in our chemical business."

FTK...Flotek's new North Sea's operation's should bring huge growth opportunities to the company over the next year. Could be one of the reason's they just expanded their specialty chemicals division to do $100M a yaer....
(BTW, $100M in specialty chemicals = OVER $1.50 in eps at current share count!! (Based on 15% net after taxes!)
And that's just specialty chemicals. Add to that the the upcoming growth & profits from the patented Petrovalve, patented gas separator valve, drilling equiptment, rentals, services, along with the enterance into the worldwide coalbed methane industry, and IMO, Flotek is a BRICK!)...

This was taken from FTK's Jan 24, 2006 PR..."We have moved into the European market at the request of our customers. With the growing volume of applications for our products in the North Sea and surrounding regions, expanding into Holland addresses the logistic issues of servicing this important and environmentally demanding region of the world."

This was taken from a recent article dated 06/19/2006...

North sea drilling applications at 30 year high

The number of applications for companies applying to drill for oil in the north sea is at a 30 year high.

Government ministers say fields are clearly not in their twilight years and so far it seems that oil companies have not been put off by recent tax rises.

The north sea rigs and platforms are supplied by vessels which leave from Aberdeen's harbour, so this boom certainly seems to be good news for the industry and the local economy.

The government licence companies to explore and drill certain blocks in the sea and applications for those licences are at a 30 year high - 147 applications from 121 companies.

Technology developed in Aberdeen has developed innovative new ways of extracting oil and the energy minister has praised local firms and staff. The energy minister also said the north sea fields are clearly not in their twilight years.

There had been concerns from the industry about the future because of recent tax increases from Chancellor Gordon Brown - the corporation tax rate on oil and gas was doubled to 20%.

The Department of Trade and Industry say despite the windfall tax there is clearly still interest in the industry, but political opponents say it is hardly surprising considering oil is selling at the high price of $70 a barrel.

http://northtonight.grampiantv.co.uk/content/default.asp?page=s1_1_1&newsid=9204

HURC, (wadegarret, researcher59, bbotcs)...Were any of you aware of the recent news being released on HURC? http://www.investorshub.com/boards/read_msg.asp?message_id=12040948&txt2find=hurc+
Why don't they release this under their stock symbol?
I see you all have followed the company in the past, and I gotta tell you, I really like it at these prices...
Strong growth, very low share count, NO dilution, good cash, low debt, low PE, and very profitable while being fully taxed!!!
I added more in the $22's and will keep adding if it keeps dropping.
HURC and FTK could put me into full retirement within the next couple of years...LOL!!!

HURC...Talk about upcoming growth...(I had no idea this HURC news existed. Wonder why they don't release it over the wire?? This company is really starting to look undrvalued IMO.)...

June 28, 2006
New WinMax Control Software Tops Hurco New Product List
(Hurco Companies, Inc., will introduce five new products at IMTS 2006}
http://news.thomasnet.com/companystory/488927

May 19, 2006
Hurco Opening New Facility in Ningbo, China
http://news.thomasnet.com/companystory/486085

May 12, 2006
Beckman Precision, Inc., to Represent Hurco in Key States
http://news.thomasnet.com/companystory/485996

April 24, 2006
Corporate Support Maximizes Experience of Ferris State University's Manufacturing Tooling Technology Students
http://news.thomasnet.com/companystory/484443

April 17, 2006
Hurco Exceeds Expectations at WESTEC 2006
http://news.thomasnet.com/companystory/483772

FTK...With oil over $77 a barrel, keep in mind Flotek has patented products that substantually increase production levels in oil, NG, and now coal bed methane. In a rather short amount of time, Flotek has grown to 400 customers, including BP and Royal Dutch Shell.
Also Re: CBM...I was just reading that according to a report by the U.S. Geological Survey, methane extracted from coal represents an "enormous undeveloped unconventional" energy resource.
Just a guess, but I'm going to say that within the next couple of years, Flotek's patented gas seperator, Petrovalve, and specialty chemicals will be used throughout the CBM industry worldwide!!
Time will tell!
Can't wait for EnerCom next month!

HURC is sure starting to look attractive...Just hit $23.02! (I thought the $24's looked good the other day.)
Thing I really like about the company is the exceptional growth they've exprienced while keeping their share count below 6.5M shares! They don't have a lot of debt and they're also good in cash.
Hurco is even talking about setting up shop in India.

CEO had this to say after earning $.62 fully diluted (taxed) last quarter... "Our sales and service fees reached record levels and orders remained strong. We are continuing to increase our production capacity to fulfill orders received in the first half of fiscal 2006 and future orders."

Added in the low $23's and will keep adding on dips.
Think this one could easily see the $30's again.
Hope I'm right.

CRWTF...Crow PR'ed the PP news this morning. The price per share paid by Fortissimo is $7.50 while the ask remains at $6.10. CRWTF has hardly any volume, but this profitable low floater could end up being a good L/T investment. We'll see what their 20F looks like in a couple of days.

"We are pleased with Crow's progress to date and are very excited about Crow's future potential growth. We intend to focus on: (i) releasing new products; (ii) entering new markets; and (iii) expanding the Company's distribution channels including OEM/ODM projects."...


Crow Technologies 1977 Ltd. Announces Signing of Definitive Term Sheet for Private Placement
Wednesday July 12, 4:25 am ET

AIRPORT CITY, Israel, July 12 /PRNewswire-FirstCall/ -- Crow Technologies 1977 Ltd. (OTC: CRWTF - News) entered on July 6, 2006, into a binding term sheet with Fortissimo Capital Fund, GP, L.P. ("Fortissimo") with respect to an investment in the Company.

Pursuant to the proposed terms, Fortissimo will: (i) invest approximately $4.7 million in the Company in exchange for newly issued Ordinary Shares; and (ii) acquire Ordinary Shares from certain existing shareholders of the Company for consideration of approximately $4.1 million, all of whom are either officers or directors of the Company. The price per share paid by Fortissimo is $7.50. Subsequent to the closing of the contemplated transaction, Fortissimo will own approximately 23.5% of the Company. Pursuant to the contemplated transaction, Fortissimo will be entitled to nominate two directors to the board of directors of the Company. The closing of the transaction is expected to occur within 90 days and is subject to the approval of the shareholders of the Company.

Shmuel Melman, the CEO of the Company stated: "We have received increased demand for our products and security solutions. Fortissimo's capital infusion and strategic input will enable the Company to further expand its operations. We will work hand-in-hand in continuing our efforts to grow the business and increase shareholder value."

Yuval Cohen the Managing Partner of Fortissimo added: "we are pleased with Crow's progress to date and are very excited about Crow's future potential growth. We intend to focus on: (i) releasing new products; (ii) entering new markets; and (iii) expanding the Company's distribution channels including OEM/ODM projects. We are confident that Crow will continue to strengthen its leadership position in the intrusion detection market."

Meir Jacobson, the Chairman of the Company stated: "we appreciate Fortissimo's confidence in the ongoing growth of the Company and we look forward to working with our new partners in shaping the future of the Company."

ABOUT CROW TECHNOLOGIES 1977 LTD.

Crow is a worldwide leading designer and manufacturer of electronic intruder alarm systems and detection devices. With a full range of wired and wireless control panels, intrusion alarm detectors, unique outdoor detection devices, access control systems, and smart communication accessories for the security industry, Crow offers its proven expertise to the security industry and faces the evolving needs of the security marketplace. Crow's products are used worldwide by professional installers and central stations to protect residential, commercial, industrial and military installations. Crow has established a worldwide dynamic network of over 50 distributors and sales offices, making the best use of its most advanced technologies, state-of-the-art R&D and manufacturing facilities. The Company's website is: www.thecrowgroup.com

ABOUT FORTISSIMO CAPITAL FUND

Fortissimo Capital Fund is a private equity fund investing in public and private technology companies at inflection points, contributing expertise with the substantial experience of its principals and its network of resources. Fortissimo is backed by 15 financial institutions including insurance companies, banks and pension funds. To learn more about Fortissimo visit www.FFCapital.com

HURC...Expanding into India and currently trading a forward PE of less than 10..."KPMG reports the World Bank ranks India better than China when it comes to tax burdens, customs administration, and business regulation. Barney Lewis, director-Asian marketing and sales, Hurco Companies Inc., an Indianapolis, IN, machine tool builder, seems to agree. He’s speaking from experience, having done business in China for years and now engaged in the process of establishing a wholly owned foreign enterprise in India.
http://www.manufacturingcenter.com/tooling/archives/0406/0406straight_talk.asp
(Got this article off of yahoo. Was anyone aware of this?)

HURC is currently trading in the $24's after earning $0.62 (fully diluted) last quarter!! The earnings look to be fully taxed WITHOUT their domestic net operating loss carryforwards.
The market's beat this one up pretty good so this just might be a good entry point with Q3 earnings just a few weeks away.
Time will tell...
"Our sales and service fees reached record levels and orders remained strong. We are continuing to increase our production capacity to fulfill orders received in the first half of fiscal 2006 and future orders."

Here are a few recent articles out of Europe mentioning Hurco...

http://www.manufacturingtalk.com/news/hur/hur139.html
http://www.manufacturingtalk.com/news/hur/hur141.html
http://www.manufacturingtalk.com/news/hur/hur140.html

MERX, (G&W)...MERX could still have plenty of wind in her sail. Institutions hold a grip load of stock in the company, so there can't be much of a trading float. Still a couple of months away from earnings, but it could slowly keep inching up after they gave those Q2 projections. We'll see what happens. Thanks again for mentioning this one last week.

CRWTF...Fortissimo Capital is paying $7.50 a share for an approx 23.5% stake in Crow!! (Based on SH approval).
That's an 18% premium over today's ask of $6.15!!! Could this be tied to the launch of Crow's special application mobile phone???
http://www.investorshub.com/boards/read_msg.asp?message_id=11871561
I have a feeling CRWTF will play out very nicely over the next year....

July 6, 2006

The Company announces that today it entered into a binding term sheet with Fortissimo Capital Fund G.P., L.P. with respect to an investment in the Company. Pursuant to the proposed terms; Fortissimo will (i) invest $4,707,938 in the Company in exchange for 627,725 newly issued Ordinary Shares; and (ii) acquire 548,723 Ordinary Shares from certain existing shareholders of the Company for a consideration of $4,115,423, all of whom are either officers or directors of the Company and some of whom are the controlling shareholders of the Company. The transaction reflects a price per share of $7.50. Subsequent to the closing of the contemplated transaction, Fortissimo will own approximately 23.5% of the Company. Pursuant to the contemplated transaction, Fortissimo shall be entitled to nominate two directors to the board of directors of the Company and the existing shareholders’ agreement by and among the controlling shareholders of the Company shall be amended to reflect such entitlement as well as other terms of Fortissimo’s investment. The audit committee and board of directors have approved the terms of the term sheet and determined that the terms of the transaction of the issuance of the Ordinary Shares by the Company to Fortissimo are not materially different from the terms of acquisition of the Ordinary Shares from the existing shareholders. The transaction shall be consummated pursuant to definitive agreements that will be executed between the Company, the selling shareholders and Fortissimo. The closing of the transaction is expected to occur within 90 days and is subject to the approval of the shareholders of the Company.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001178913%2D06%2D001253%2Etxt&FilePath...

FTK, A little coverage this morning...Flotek Industries (AMEX: FTK) made nice movement on Wednesday as it added $1.62 to its stock price to close at $17.44 on low volume. They are a global supplier of drilling and production products and services to the energy and mining industries. We are going to revisit this one shortly after we gather some more information and speak to the company so that we can give our outlook on the stock. With a year high of $30.75 and a year low of $9.75 the stock is in the middle of the range, initially it looks interesting but we need more information so stay tuned.
http://press.namct.com/content/view/6556/139/

ASTSF reported quarterly revs this morning...Q2 revenues = $143.8M compared to $127.3M last quarter(Q1) and $95.8M last year. Good gains.
Last quarter ASTSF reported some negative adjustments so I'm hoping for strong EPS (at least $0.27 a share before fire insurance settlement money). Adding in the fire insurance settlement money, they could easily do over $0.30 a share IMO.
Current stock price = $9.11
We'll know in a couple of weeks.
http://biz.yahoo.com/prnews/060706/hkth002.html?.v=38

FTK...One of Flotek's customers is BP. Flotek recently entered the coal bed methane area and can increase the flow of gas by a large percentage w/ their patented valve.
Sure would be nice to see Flotek involved here somewhere down the road....
(Heck, maybe CDX Gas is the "large" company Flotek's trying to acquire)...

Online edition of India's National Newspaper
Saturday, Jul 01, 2006

NEW DELHI: The Union Government has received 54 bids for extracting natural gas from coal seams, the highest ever in the scheme for exploration of coal bed methane (CBM) blocks. Among the companies which have submitted bids are Reliance Natural Resources of Anil Ambani and Mukesh Ambani's Reliance Industries. In addition, British Petroleum and a leading U.S. company in the CBM sector, CDX Gas, have made an entry for the first time.

Disclosing this here on Friday, the Minister of State for Petroleum, Dinsha Patel, said the CBM-III round had attracted more bids than the earlier two rounds put together. CBM-1 received 16 bids from six Indian firms while CBM-II got 14 bids from seven Indian and one foreign company.

CBM-III attracted 18 Indian firms and eight foreign companies including Arrow Energy of Australia, CDX Gas of the U.S., Molopo of Australia, OMIMEX of the U.S., EIG of Australia, GeoPetrol of France and Coal Gas of the U.S.

"British Petroleum also bid for two CBM blocks in Jharkhand and West Bengal."

http://www.hindu.com/2006/07/01/stories/2006070108271700.htm