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CKCM...Been waiting for a pullback, and what a pullback it was!! Took a position at the close yesterday and added this morning. Excellent growth potential.
FTK....WHAT A BRICK!!! Solid increases in revenues & profits quarter after quarter, and now another acquisition w/ very little dilution. A good solid L/T investment!!
Here's a BIG Thumbs-Up to whoever brought it to the board....
Bought more on the open. Institutions are bound to take notice, now that Flotek is trading on the AMEX.
CNXT...TechMeister Mailbag: The Skinny on Tech...
AMCC, VTSS and CNXT are still extremely undervalued, which is true for most former highfliers that are now trading at "option prices" (when an investor buys a stock trading below $5, I say that they are essentially buying an option that the company will survive). Keep in mind that just because they are below fair value is not a signal to buy. These three look like reasonable speculations, but I would like to have a basket of 10. The odds for one making it back to its glory days could offset losing your capital on the other nine.
http://www.thestreet.com/_yahoo/comment/richardsuttmeier/10236921_3.html
CNXT opened @ $1.75 today after pulling back on profit taking after earnings. Still think this is a great 1 year+ hold.
FTK...Flotek Executes Agreement to Purchase Harmon's Machine Works, Inc.
Tuesday August 9, 6:00 am ET
Acquisition Broadens Flotek's Drilling Products Business
HOUSTON, TX--(MARKET WIRE)--Aug 9, 2005 -- Flotek Industries, Inc. (AMEX:FTK - News), announced the signing of a definitive agreement to purchase the assets of privately held Harmon's Machine Works, Inc. www.harmongalleon.com on August 4, 2005. Consideration to be paid is approximately $3.4 million cash, $0.6 million stock, and $0.5 million assumption of net liabilities. The deal is anticipated to close later this month.
Harmon's Machine Works, Inc., ("Harmon") is one of the premier downhole oilfield and mining tool companies with manufacturing and sales operations located in Midland, Texas. Harmon serves both the domestic and international downhole tool markets.
"The addition of Harmon to our Drilling Products Group is consistent with our strategy to grow our core businesses," stated Jerry D. Dumas, Sr., Chairman and Chief Executive Officer of Flotek. "The acquisition will allow us to expand our mining sales, and expand our drilling tool rental business into the Permian Basin, South Texas and North Texas. The acquisition will provide additional low-cost manufacturing capabilities for our entire downhole drilling tool operations, contributing to improved overall gross margin targets."
As previously announced, Flotek second-quarter profits rose 350% to $2.0 million, on total sales of $12.5 million up 159% from 2004.
Net income for the second quarter increased to $2.0 million, or 29 cents per share, from $0.4 million, or 7 cents per share, a year ago. Earnings per share of 29 cents represent a 32% sequential increase over first quarter 2005 earnings per share of 22 cents. Looking ahead, the company said it expects to meet or exceed its full-year earnings forecast of $1.00 to $1.05 per share.
Financial Results (in millions, except per share amounts):
Three Months Ended Six Months Ended
June 30, June 30, June 30, June 30,
2005 2004 2005 2004
------ ------ ------ ------
Revenue $ 12.5 $ 4.8 $ 23.5 $ 9.6
Net Income $ 2.0 $ 0.4 $ 3.5 $ 0.7
Basic EPS $ 0.29 $ 0.07 $ 0.51 $ 0.10
Diluted EPS $ 0.26 $ 0.06 $ 0.46 $ 0.10
Flotek will present at The 10th Oil & Gas Conference in Denver on Thursday, August 11, 2005 at 4:30 pm. A live webcast of the presentation can be viewed by accessing www.enercominc.com. A copy of the Flotek presentation slides will be available on www.flotekind.com the day of the presentation.
Shares of Flotek's common stock began trading on the American Stock Exchange under the symbol "FTK" on July 27, 2005.
MVCO...Ready Mix Files For IPO
Meadow Valley's Ready Mix Inc. (RMI), has filed a registration statement with the SEC for the IPO of 1,000,000 shares of RMI common stock.
The proposed offering price of $12.00 per share. The shares will be offered on a firm commitment basis through HD Brous & Co., Inc. Subsequent to the offering, Meadow Valley will own 1,500,000 shares of RMI common stock, or 60% of the total shares of RMI outstanding. Proceeds from the initial public offering are expected to be used by RMI for the purchase of plant and equipment, repayment of debt to Meadow Valley and working capital.
"Ready Mix has provided ready-mix concrete products to the construction industry since 1996. The company currently operates two ready-mix concrete plants in the metropolitan Phoenix area, two plants in the Las Vegas area, and one plant in Moapa, Nevada. Ready Mix also operates a sand and gravel crushing and screening facility in Moapa which provides raw materials for its Las Vegas and Moapa concrete plants."
http://www.webpronews.com/business/topbusiness/wpn-54-20050214ReadyMixFilesforIPO.html
FTK...Very strong on Fri and again today!
NSH...Institutional ownership is OVER 75% of the float! Can't be many companies out there with that kind of interest.
Looks like Q2 earnings will get a little extra boost. Nashua expects to reflect a benefit in its statements of operations in the second quarter of 2005 in the range of $1.2 to $1.5 million. (tax related from 8k filed June 21, 2005. See below). That's good for $0.19 - $0.24 per share!
They should show good sequential gains in eps over last quarter, also due to the fact that last quarter included a $1.7 million severance charge, a $400,000 pension curtailment charge to exit the toner business and a $600,000 severance expense related to job cuts.
NSH could be an excellent L/T hold as they expand into RFID!!
8k re: tax benefit...
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000950135%2D05%2D003398%2Etxt&FilePath...
ECH.to...+16.36% yesterday on highest volume in 4½ months!! A whole 27,500 shares traded. LOL.
Enerchem International Inc. will announce its Second Quarter 2005 results (slowest quarter of the year), on August 3, 2005.
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=183518
NSH...Could be a huge sleeper in RFID...Nashua, a manufacture and marketer of labels, specialty papers, and imaging products, is positioning itself as a high volume provider of 100% qualified and tested RFID media.
"We continue to pursue new opportunities in the Radio Frequency Identification (RFID) arena, and have moved closer to being ready to ship RFID products by installing the RFID inlet-insertion equipment that we committed to in the third quarter of 2004. We expect to ship RFID products in volume by the middle of 2005."
(Nashua acquired Labels Systems International last month to enable them to rapidly expand in their pharmacy & grocery lines. Read this article titled "Pharmaceuticals Industry Expected To Lead In RFID Tags"...
http://www.informationweek.com/story/showArticle.jhtml?articleID=23900545 )
NSH has been trading @ a 52wk low on VERY low volume. Six months ago they were sitting @ $11.90 a share and today they trade in the low 8's. Only 460k shares have traded hands over the last 6 months.
Shares Outstanding: 6.22M
Float: 5.80M (Institutions own approx 4.3M shares)
Book Value Per Share: $10.35
Time will tell on this one. Definitely one to put on the watch list. Earnings due out in a few weeks. We'll see what happens...
..........
NASHUA AND PRINTRONIX ANNOUNCE STRATEGIC ALLIANCE TO DELIVER HIGH RELIABILITY RFID PRINTER/MEDIA SOLUTIONS
(JULY 25, 2005)
http://www.nashua.com/news/press/pr072505/pr072505.html
NASHUA ACQUIRES LABEL SYSTEMS INTERNATIONAL; EXPANDS PRODUCT OFFERINGS IN THE PHARMACEUTICAL, RETAIL, GROCERY, AND INDUSTRIAL SECTORS
(JUNE 6, 2005)
http://www.nashua.com/news/press/pr060605/pr060605.html
NASHUA CORPORATION ANNOUNCES APPROVAL AS ALIEN TECHNOLOGY QUALIFIED LABEL CONVERTER PARTNER
(May 18, 2005)
http://www.nashua.com/news/press/pr051805/pr051805.html
NASHUA REPORTS FIRST QUARTER 2005 RESULTS
(May 16, 2005)
http://www.nashua.com/news/financial/fpr051605/fpr051605.html
NASHUA CORPORATION ANNOUNCES PLAN TO EXIT TONER AND DEVELOPER BUSINESS
(April 5, 2005)
http://www.nashua.com/news/press/pr040505/pr040505.html
CNXT...Conexant's recent earnings report clearly shows a turnaround. This is an excellent long-term keeper. Should be over $5 within a year.
Today's close = $1.96
CNXT just reported. The turnaround continues!! Now let's see if the stock price continues its march upwards.
FTK...Wouldn't be surprised to see Flotek raise their guidance sometime over the next few months. IMO, they can easily earn $1.20 - $1.40 per share this year, especially if you take into consideration the June 6th PR...
http://biz.yahoo.com/iw/050606/088166.html
Strong consecutive gains Q after Q will definitely bring in institutional buying now that they're trading on the AMEX.
We'll see what happens.
Thanks to whoever brought FTK (FLTK) to the board.
IPII, News...Add a min. of $0.45 per share to the bottom line of current quarter....
Imperial Industries, Inc. Announces Strategic Alliance with Degussa Wall Systems, Inc. And Sale of Acrocrete Manufacturing Assets
Tuesday July 26, 9:38 am ET
POMPANO BEACH, Fla., July 26 /PRNewswire-FirstCall/ -- Imperial Industries, Inc. (Nasdaq SC: IPII) (the "Company") announced today it has entered into a strategic alliance with Degussa Wall Systems, Inc. ("Degussa"). Degussa is part of Degussa Construction Chemicals, the world's largest construction chemical company with sales in excess of $1.5 billion annually. As a result of the strategic alliance with Degussa, the Company's wholly owned subsidiary, Acrocrete, Inc., has elected to exit the manufacture of acrylic stucco products and has sold certain assets, including the Acrocrete brand name, to Degussa. Under the terms of the asset purchase agreement with Degussa, the Company will receive an aggregate of $1,100,000 in cash, together with the net book value of certain accounts receivable and equipment.
The Company's wholly owned subsidiary, Just Rite Supply, Inc. ("Just- Rite") entered into a three year distribution agreement with Degussa which provides for the future sale of Acrocrete products manufactured by Degussa. The Distribution Agreement will commence on October 1, 2005.
Acrocrete's operating results have been the least profitable of the Company's subsidiaries since the first quarter of 2004 and such profits continued to decline through the first quarter of 2005. For the year ended December 31, 2004 and the three months ended March 31, 2005, Acrocrete products generated net sales of $9,874,000 and $2,443,000, respectively, of which $5,007,000 and $1,446,000 for such periods were sold through Just-Rite.
Just-Rite will continue to market Acrocrete products through its strategic alliance with Degussa. The Company expects Just-Rite will also gain many additional benefits for its customers from Degussa producing and distributing the Acrocrete brand product offerings from this arrangement, including:
* a broader product offering to reach new markets and a continuing opportunity to access new products through the research and development activities of a world-wide chemical company.
* improved marketing capabilities.
* the gaining of additional building code approvals and technology support.
* greater access to product application design and engineering assistance.
* greater access and recognition from contractors and architects.
The Company determined that it was not likely that sufficient production economies would be realized from Acrocrete's acrylic stucco manufacturing facility in the future without an inordinate amount of investment and risk to combat increasing costs due to the sharp increase in its raw materials, which are principally oil based. Further, Acrocrete has not been able to obtain product liability insurance related to the sale of its acrylic stucco products used in exterior insulation and finish systems ("EIFS") since March 15, 2004.
S. Daniel Ponce, Imperial's Chairman of the Board, stated: "We are excited about the strategic alliance we have established with Degussa. We believe this transaction provides our Company the ability to leverage its customer service capability strengths with its Just-Rite distribution network to ultimately grow our business with quality products produced by a world-wide premier chemical products company on a more competitive basis. Just-Rite will be well positioned through its relationship with Degussa to enhance future sales and profits."
Degussa, headquartered in Jacksonville, Florida, is a leading manufacturer of EIFS, stucco, and specialty finishes and architectural coatings in North America. Degussa provides the technology and research and development activities for new products, as well as the necessary product code approvals and technical knowledge, to enhance its customers' competitive positions within their markets.
Imperial Industries, Inc., a building products company, sells products throughout the Southeastern United States with facilities in the States of Florida, Georgia, Mississippi and Alabama. The Company is engaged in the manufacturing and distribution of stucco, plaster and roofing products to building materials dealers, contractors and others through its subsidiary, Premix-Marbletite Manufacturing Co. The Company through its subsidiary, Just- Rite Supply, Inc., is engaged in the distribution of the Company's manufactured products, as well as stucco, gypsum, roofing, insulation and masonry products manufactured by other companies. See our website at http://www.imperialindustries.com for more information about the Company.
FLTK becomes marginable tomorrow, no? That should give me some good buying power!
Gonna have to go bargin hunting!
FLTK, ECH.to, CFK...
FLTK...Consecutive increases continue. EXCELLENT earnings reported this morning w/ AMEX listing tomorrow.
With continued growth, the $1.00 - $1.05 eps for the year looks conservative!
ECH.to...Slowly trying to accumulate below $2.70Cdn for L/T hold.
http://investdb.theglobeandmail.com/invest/investSQL/gx.company_prof?company_id=183518
CFK...Will add on ANY significant dips.
Am I reading this right...Commissioner Brownell called for Congress to make composite core cable mandatory? Wonder what that would do to the share price.
IMO CTC's agreement w/ EDF shows that CTC's product is superior over 3M's. BTW, Is EDF completely done w/ 3M?...
Rodolphe Poiroux, Senior Vice President at Electricite de France, said, "We are pleased to be working with CTC, which has made significant advancements in cable technology that increase capacity and reliability while reducing power generation and transmission costs. CTC's composite core utility cable and supporting technology is the necessary link to making the world's grid operations meet today's growing demand for energy."
niles_crane3, I sure hope they hold off on earnings until after they're listed. They probably will. It only makes sense.
We'll see what happens.
Announcing earnings after the AMEX listing should help move FLTK up a few notches! Very good news.
FLTK....The industry's looking strong, based on the upward revision in guidance released last week by NQL Drilling Tools Inc.
Hopefully this is a good sign of what lies ahead for Flotek (FLTK).....
NISKU, AB, July 7 /CNW/ -NQL Drilling Tools Inc. (TSX - NQL.A) announces increased expectations related to its second quarter 2005 results.
As a result of better than expected results from its downhole mud motor business in the United States, NQL announces today that it anticipates exceeding its previous guidance of a breakeven second quarter. NQL now expects its second quarter net earnings to be in the range of $0.04 per common share to $0.06 per common share. The Company anticipates an upward revision in its guidance for the full year 2005
http://biz.yahoo.com/cnw/050707/nql_upward_revision.html?.v=1
Re: ECH.to...Thanks Bobwins, The price has been kind of stagnant for the last year w/ very low volume. I'll keep my eyes peeled for 2Q results, and may accumulate on weakness, if there is any. Thanks again.
ECH.TO...Bobwins or anyone familiar w/ Canadian oil companies, can you please take a look @ ECH.TO and post your thoughts? Very low volume, but they're profitable, showing good growth and currently trading @ book value. (Kind of reminds me of FLTK). TIA.
Here's their last quarterly report & their website...
http://biz.yahoo.com/cnw/050510/enerchem_q1_results.html?.v=1
http://www.enerchem.com/index.php?page=main
CTC backing their product w/ the most progressive and comprehensive warranty IN THE INDUSTRY. Pretty strong IMO!
Would others even be able to offer this kind of warrenty on their product?
CTC automatically gives 3 year's full coverage on (1) Sag and Creep; (2) Wind Generated Aeolian Vibration; (3) Composite Core Failure; (4) Breakage; (5) Corrosion Rust; (6) Unwinding; and (7) Parts & Labor.
Others in the industry offer one-year, parts only, uninsured warranties, with no labor reimbursement, according to CTC's ceo.
Thanks researcher. eom
PLCC...Re: ownership in CTHR & DSTI...
Can't remember the exact amount, but I believe it was mentioned on this board that PLCC owns about 1M shares of each company, including warrents. For Q/E 6/05, CTHR rose $11.80 a share and DSTI rose $5.90 a share. If PLCC held on to all their shares throughout the quarter, does this mean they gained $17.7M in equity last Q, just on these 2 investment? That would equal $5.56 per diluted share in gains!! A book value of $16.72. Is this right?
PLUS...The insider buying continues...
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001214916%2D05%2D000035%2Etxt&FilePath...
I doubt the price will drop..."The Chairman of the board of Jiangsu Far East, Jiang Xi Pei said, "We are delighted to be working with CTC and are confident that its ACCC technology will play a vital role in helping to meet the growing demand for the transmission of electricity in China. We believe that this installation will quickly lead to very significant sales. The ACCC cable will very effectively address many of the problems which contribute to scheduled blackouts and related congestion. We see a huge demand for ACCC in both new construction and in the upgrading of existing lines.
Finally, something official on China!! Today should be interesting.
PLUS...It's been confirmed. ePlus sues SAP for patent infringment. SAP is a $10 Billion a year company that earned over $1.7B last year.
From cc: The patent win over Ariba, solidified ePlus' standing in the market as being "an original inventor in the business".
It may take a while, but a win here would be more than huge for ePlus...
The Patent (U.S. Patent No. 6,505,172), entitled "Electronic Sourcing System," covers ePlus' technology for searching multiple catalogs from different suppliers simultaneously, checking inventory availability, and transferring information on selected items to generate purchase orders in an eProcurement, purchasing, ERP, or accounting system.
http://www.eplus.com/web/baserenderer.aspx?itemid=877
AWRCF, Re: Delay in filing...Looks like they need more time to clean house.
IMO, management believes they are seriously undervalued, and is determined to list on a higher exchange. They want to make sure ALL discrepancies are accounted for in their audited 2004 #'s.
Like you said stanu78, it's good to see the auditors working w/ the company to make sure the BOD's determinations of the internal investigation are all reflected in the 2004 financial statements.
This is a huge company doing $300M in sales. With shareholder equity @ $8 a share, I would think they have plenty of room to adjust for discrepancies and still be way undervalued.
A while back Worthylion pointed out that AWRCF now has $2.39 per share in cash and short term bank deposits. With that in mind, does it not make sense to hold or maybe slowly accumulate AWRCF below $2.50?
As for the Pick6...It's not how you start, it's how you finish!
PLUS...WHAT THE ??? More Insider BUYING...
The Hovde group bought ANOTHER 112,724 shares of PLUS stock over the last 3 days!!!! (over 200k shares in the last 2 months)
They obviously took advantage of the price drop since the release of the 10k a few days ago...
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001214916%2D05%2D000033%2Etxt&FilePath...
I sure wouldn't want to short this stock w/ this kind of buying support. The CC should be interesting. I'll be gone all day, so will have to listen to it later.
Pick6, Why I picked what I picked....
AWRCF ($3.27)...
Possible AMEX listing before the end of the year. As of 9/04 they had a book value of $8.01 and $1.61 per share in cash. Traded on the NYSE a few years ago and could easily triple (IMO) w/ an AMEX listing.
CORG ($1.96)...
Earned $0.09 a share last Q w/ good gains in revs & profits. If the CEO is right, this one could run like a striped-ass ape..."We believe that the strong pattern of growth we have established will continue throughout 2005. More importantly, we believe we are positioned for sustained profitability throughout 2005."
"We look forward to an additional revenue stream from the commercial rollout of VoIP."
Re: VOIP...Taken from TMCnet, "The market for hosted IP voice services among U.S. businesses is expected to reach nearly $60 million by the end of 2004, according to IDC which projects a compound annual growth rate of 282% to reach $7.6 billion in 2008.
"With all of the market conditions in alignment, VoIP is finally poised to overtake and replace the aging but reliable circuit switched infrastructure," says William Stofega, senior research analyst, VoIP Services, IDC."
CSPI ($8.23)...
http://www.investorshub.com/boards/read_msg.asp?message_id=6699731
FLTK ($9.50)...
International expansion w/ a possible listing on the AMEX. Four quarters of continuous gains in revs & profits. Very low float and shares outstanding.
http://www.nasdaq.com/asp/ExtendFund.asp?CompanyID=10317&NumPeriods=4&Duration=1&documen...
NKBS ($2.25)...
Just recently read about this one on the VM board. Seems like an easy 50% - 100% gain from here..."We are confirming our 2005 guidance of $0.39 to $0.40 of EPS along with anticipated revenues of $100 million, despite a modest loss for the first quarter."
PLUS ($11.50)...
One of the strongest share buyback programs I've ever seen!! Repurchased over 20% of their common stock (2,225,900 shares) over the last 4 years. They most recently paid an average of $12.70 per share for approx a half million shares!! Possible patent infringement lawsuit filed against SAP. $4.36 in cash & equiv, w/ a book value of $14.84 a share.
Wasn't AWRCF suppose to file today? I see no notification of a late filing either.
Who'll take the lead tomorrow heading into the long weekend? LOL!!
Looking over my picks, I realize, I have no cheapies in the mix. But what the hey, my picks are solid! In fact, I got most my picks from the VM board, so my picks are actually a combination of other's picks! LOL!! Thanks for everyone's help and I hope I don't feel quilty if I win!!!!!!!!! One pick I think I brought to the board was PLUS, and it took a big dump yesterday. LOL!!! (Could be good thing for the contest though).
I'll say this, if I win, I'll be swimming in the dough. I'm loaded to the gills on my pick6.
Spin the wheel... The show begins tomorrow @ 9:30am EST!!!
Good to go...Thanks 2 all & thanks for the VM board also. That's where most these picks are discussed.
Down to the last minute...Please revise...
Replace IPII w/ NKBS
&
Replace EKCS w/ CSPI
Final Pick6...AWRCF, CORG, CSPI, FLTK, NKBS, PLUS
Thanks!
researcher59, Re: PLUS.... This is definitely becoming more of a crap shoot, but there's a buyer for every share sold today. These guys have repurchased over 20% of their common stock over the last 4 years, 2,225,900 shares to be exact!! They most recently paid an average of $12.70 per share for approx a half million shares!! Why??? Why did Hovde just load up on 100k shares? The only reason I can think of, is that they view the company as being undervalued. I don't know, but IMO, their actions speak louder than last years numbers. We'll see what happens.
Two things I'll be wachting for...Will the Hovde group continue buying PLUS shares after todays PR and did ePlus in fact file a lawsuit against SAP for patent infringment...
http://www.investorshub.com/boards/read_msg.asp?message_id=6146286
BTW, PLUS is one of my Pick6, so I wouldn't mind if it closed at a year low tomorrow. LOL. Good news from the cc on Friday would have me off to a good start.
PLUS...Excluding Ariba settlment, revs & margins did slip over last year, but ePlus continued their strong share buyback program by repurchasing another 448,616 shares of common stock @ an average cost of $12.70 PER SHARE!!! Total share repurchasing cost = $5.7M!! (I doubt they used any of the Ariba settlement $ for the share buyback, since they did not recieve it until the end of March). Add to that the recent Hovde insider buying (almost 100k shares over the last 2 months), and I'd say something's up.
CC is Friday. Should get more news then. Maybe they'll mention the patent infringement suit they supposedly filed against SAP in April.
ePlus now has $4.36 in cash & equiv, w/ a book value of $14.84 a share.
BTW, I also sold a few shares @ approx $13.50. Holding the rest.
PLUS...
Earnings tomorrow BMO.
Please revise....AMLS dropped below $0.25 which means it does not currently qualify. (10Q came out and it looks like they're running out of cash. Yikes!)
Please replace AMLS w/ CORG.
Thanks.
Pick6...Here's my pick 6.....
PLUS
AWRCF
FLTK
EKCS
AMLS
IPII
(Subject to change before June 30)