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nice trade today! a few months back i was all over this flipping it for a few weeks straight. it was pretty ridiculous. i think ill start watching it again:)
Gene Newton to me
show details 8:22 am (14 hours ago)
We have never filed information that is false
We are not required to file any financial information
We are a non reporting company
Because of the up listing we are gagged
Not allowed to report good or bad
Not trying to be rude
But I feel. You should research what you have to have to up list to a major board. " International Board"
Also look at time frames it takes 3 to 5 years
We will do it in less than 1 year
Clue is we have been invited
Also be aware that there are paid blogges
These people are paid by companies are loosing large sums of money and contracts because of us
Note we are the only company that has approval by EPA. DRY DEQ NSF
Waste water solutin is not a choice
It will be the way of life
Best I can do with the gag
Sorry
- Show quoted text -
well nothing yet lol. 2.17! yuck. people pulling out $$ on every rally.
:) shell come back. early morning profit takers, at least i hope so lol
great job! yes, heres to a good week!
gonna be a good day. 27k bid at 2.26. shorts trying to cover again:)
shoot yeah i think your right lol
good plan. cant be sure just yet. all i know is im locking up a pretty big position here trying to get my avg into the 2.50 range.. anything under 2.00 im buying.
ps markets closed monday:)
yep. nice recovery on the DJI so far. down only down 2% now. bottom may just be in. i like what im seeing!
DJI hit low of 7,888.48 wowwwwwwwwwwwwww! i loaded more sutr at 1.99 first thing. im doubled down now and in for the long haul baby. lets see some green!!
1.00 coming? :) under 7 now. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32762289
ha. beat me my avg is 3.13 after my buys today. 2.50 was looking nice. i agree. and the low float makes this thing very very attractive when the markets do turn
:) bout time we see some movement... you gonna make a call here?
well not much trading really.. just been buying lol
Sutor Technology Group Limited Announces That Its New Production Line Starts Operating From October 1, 2008
Thursday October 9, 7:30 am ET
DONGBANG TOWN, China, Oct. 9 /Xinhua-PRNewswire-FirstCall/ -- Sutor Technology Group Limited (the "Company" or "Sutor") (Nasdaq: SUTR - News), a leading provider of steel finishing fabrication products in China, today announced the commencement of operations of its new 400,000 metric ton Hot-Dipped Galvanized ("HDG") steel production line.
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The new HDG steel production line is capable of galvanizing both hot-rolled and cold-rolled steel with both zinc and aluminum, which will significantly expand our production capacity of HDG steel. Production capacity will increase from current 200,000 metric tons per year to 600,000 metric tons per year, a two-hundred percent increase.
In addition to the significant increase in production capacity, the addition of the new production line is also expected to diversify the Company's product portfolio and further vertical integration, which will increase our profit margin.
Ms Lifang Chen, Chairlady and CEO of Sutor, said: "The operation of the new production line will make Sutor more influential in the Chinese steel finishing and fabrication industry, and will help us further penetrate the domestic and global niche market for HDG steel products. Sutor's strategic plan to introduce high value-added steel products is being realized in a step-by-step fashion."
About Sutor Technology Group Limited
Sutor (Nasdaq: SUTR - News) is one of the leading private manufacturers of steel finishing fabrication products in China. Sutor utilizes a variety of processes and technological methodologies to convert steel manufactured by third parties into steel finishing fabrication products, including hot-dipped galvanized steel, pre-painted galvanized steel, acid-pickled steel, and cold-rolled steel. To learn more about the Company, please visit http://www.sutorcn.com .
Forward-Looking Statements
This press release includes certain statements that are not descriptions of historical facts, but are forward-looking statements. Such statements include, among others, those concerning our expected increase in profit margin, our future operating results, our expectations regarding the market for our HDG Steel products, our expectations regarding the continued growth of the steel market, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause our actual results to differ materially from those anticipated, expressed or implied in the forward-looking statements. These risks and uncertainties include, but not limited to, the factors mentioned in the "Risk Factors" section of our Annual Report on Form 10-K for the year ended June 30, 2008, and other risks mentioned in our other reports filed with the Securities Exchange Commission, or SEC. Copies of filings made with the SEC are available through the SEC's electronic data gathering analysis retrieval system (EDGAR) at http://www.sec.gov . The words "believe," "expect," "anticipate," "project," "targets," "optimistic," "intend," "aim," "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. The Company assumes no obligation and does not intend to update any forward-looking statements, except as required by law.
For more information, please contact:
Mr. Jason Wang
Tel: +86-512-5268-0988
selling continues here under 2.00!! ... about to double or nothing here. soon.
yeah neither did i.. just askin.
so when is game time?
http://www.terradaily.com/reports/China_can_withstand_financial_crisis_Wen_999.html
China can withstand financial crisis: Wen
Chinese Premier Wen Jiabao. Photo courtesy AFP.
by Staff Writers
Beijing (AFP) Oct 5, 2008
China's economy is strong enough to withstand the impact of the global financial crisis and may even help the world by maintaining fast growth, Premier Wen Jiabao was quoted as saying Sunday.
"Our economic fundamentals haven't changed, and the economy is moving in the direction we expected," Wen was quoted as saying by the state-controlled Xinhua news agency.
"The strength of our financial institutions has generally increased, and their ability to make money and withstand risk has risen. Market liquidity is ample and the financial system is stable and safe," he said.
"This will help us withstand any negative external impact. We're full of confidence in the development of the economy, and in the stability of the financial system."
Wen, who made the remarks during an inspection tour to south China's Guangxi Zhuang region, said the best way his nation could help would be by ensuring fast economic growth at home.
"If a large country of 1.3 billion people can keep up stable and relatively fast economic growth, that's a big contribution to the world," he said, according to Xinhua.
China welcomes US financial rescue deal
China Saturday welcomed US lawmakers' approval of a 700-billion-dollar financial sector bailout plan, state media reported, quoting a central bank spokesman.
"We are glad to see the passage of the rescue bill by the House of Representatives and the Senate despite earlier twists and turns," the People's Bank of China spokesman was quoted as saying.
"The Chinese government has been closely following the developments of the US financial crisis and its impact," he said.
The official said Chinese authorities "hoped that it would be implemented as soon as possible and achieve positive results," Xinhua reported.
"China and the United States of America share common interests in stabilising a stable financial market," he said.
The US House of Representatives approved the revised 700-billion-dollar package Friday, on its second try, bowing to intense pressure to help avert a global economic meltdown.
The bill, which was quickly signed into law by President George W. Bush, marks the largest US government economic intervention since the 1930s Great Depression.
The bailout gives the US Treasury power to buy up toxic mortgage debt which has been choking the financial industry and would create a 700-billion dollar federal programme to buy bad assets from banks and other financial firms.
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well under 2.00 tomorrow and im trashing some of my other red and doubling down here. Low volume walk down as people are forced to liquidate positions etc. But we, we buy. Buy all we can here. By sometime in '09 we will be rolling here, this can't stay under 2.00 for long. This is how millionaires are made in this market. no joke...pick em good. SUTR is one of them. Goodluck everyone:)
I was going to say something along these lines, but stole this from a guy off the yahoo board because its late and im tired lol :)
"You guys who are saying that the markets were panic selling out of fear are just plain wrong. Most of the selling has been forced selling as people struggle to come up with cash after the failure of so many major players. And of course, that forced selling feeds on itself, because as they force sell, they drive the prices lower across the market; stops trip, margin calls trigger, and they have to sell more shares to get the same amount of cash as earlier."
If it was panic, the volume levels would be higher. Also, the only way to make money is to keep dragging the markets up and down (more down than up).
So it's a lot more complicated than just fear or panic selling, although certainly, that is a factor.
Yeah, don't I wish I could trade some of my higher priced shares in for lower ones! I could now buy more than three times as much as I previously bought.
What a deal!
i think you may be right:) never thought we'd have this opportunity to add down this far. unreal!
i added more... geeze im running out of money here lol
wow super high volume i noticed here. whats going on today?
yep looks as though us steel markets will be flat but china ba boom. no better place to put our money then sutr. especially at these prices!!
insider buy on 9/26/08 at 3.75, for 5k shares:) -->
http://sec.gov/Archives/edgar/data/1041177/000114420408055314/xslF345X03/v127698_ex.xml
9/22/08 - www.steelhome.com--->
STEEL prices are expected to fall this year and through to 2009 due to higher production in China.
Weaker demand from developed countries would also weigh on prices for steel, Australia's chief commodities forecaster said today.
The Australian Bureau of Agricultural & Resource Economics, or Abare, expects global steel production to grow by 6 per cent to 1.42 billion metric tons in 2008 and a further 5 per cent to 1.5 billion tons in 2009.
Chinese steel production is forecast to increase by 10 per cent to 537 million tons in 2008 and by another 10 per cent to 591 million tons in 2009.
"Steel prices are expected to fall during the remainder of 2008 and in 2009, driven by higher production, particularly in China, and weak demand from OECD economies associated with tight credit market conditions," Abare said.
Abare forecast global steel consumption to grow by 6 per cent to 1.4 billion metric tons in 2008 and by another 1.47 billion tons in 2009. China would account for about 60 per cent of the increase in consumption for both years.
"Steel consumption in China is expected to continue its strong expansion, as steel-intensive industries (such as car manufacturing, electrical appliances and construction) are expected to grow in line with rising incomes and infrastructure spending," Abare said.
Steel production in the US is forecast to be flat in 2008 and 2009 while consumption in Europe is expected to grow at 3 per cent.
what the hell happened here :/
ouch i see! sold mine in 1.60's that day. phew. but put it into other crap only to see it go nice and red so far lol. tough market right now. hang on...:)
well can't say you didn't call that one lol
wow this is under 1.80 shoot...
3.50's going.... over 4 should be coming up if bailout deal is inked. we'll see.
RIMM: The Cheapest Growth Stock?-->
http://seekingalpha.com/article/98128-rimm-the-cheapest-growth-stock?source=yahoo
by: Bapcha's Stocks: October 02, 2008
Research In Motion (RIMM), the manufacturer of the (Bl/Cr)ackBerry, turned in some exemplary numbers. For the three months ended Aug 30, 2008 (RIM’s Q2, 2009), revenue was $2.58 billion, up 15% from $2.24 billion in the previous quarter and up 88% from $1.37 billion in the same quarter of last year. The revenue breakdown for the quarter was approximately 82% for devices, 13% for service, 3% for software and 2% for other revenue.
During the quarter, RIM shipped approximately 6.1 million devices, and grew their subscriber base by 2.6 Million. Fact: Blackberries are a status symbol in Asia [as is the iPhone] - these accounts rarely contribute to an increase in the subscriber base - for, - all that these devices need to do - is to look pretty, and be compatible with the local GSM networks [and ocassionally work with WiFi.]
Awesome numbers. In fact, for fiscal 2009 [ending Feb 2009], top-line growth of 80% and a growth of 70% in EPS is at the low end of what the company thinks they can churn out [awesome]. For fiscal 2010 [March 2009 to Feb 2010], I think that a growth in revenues of 40% yoy and EPS of 35% yoy [assuming slightly lower gross margins moving forward] are for sure numbers that RIMM can deliver on.
Even more important, the subscriber base grew by 2.6 Million to 19 Million. These are the corporate accounts that are addicted to BlackBerry’s secure e-mail that is supported by the customer’s respective corporate IT department(s). Net income for the quarter was $495.5 million, or $0.86 per share fully diluted, compared with net income of $482.5 million, or $0.84 per share fully diluted, in the prior quarter and net income of $287.7 million, or $0.50 per share diluted, in the same quarter last year. That is an increase of 68% y-o-y.
Management
In 1984, Mike Lazaridis and a couple of others founded RIMM- with $15K from family, and a contract from GM. Jim Balsillie joined the company in 1992 and is Co-CEO with Lazaridis [a very strange arrangement, but the success of RIMM will ensure that this arrangement will not be questioned for now. Other top brass have been at RIMM for in excess of a decade, and but for the back-dating of options in 2006, and accounting issues [with Lazaridis and Balsillie personally coughing up the corporate costs for these corporate governance issues], they have done well - but they will be tested like they never have been - in the next twelve months.
Balance Sheet
RIMM’s balance sheet is liquid, with no long-term debt, and cash of $2.2 Billion. More importantly, TTM ROA was 33% - with a financial leverage of 1.32. ROE was 43% for the same period. Cash flow is at $2.5 Billion/year run-rate for fiscal 2009 - with FCF in excess of a billion [run-rate for fiscal 2009]. My only concern with the balance sheet is the growth of Trade Receivables from $1.17 Billion on March 1, 2008 to $1.77 Billion on Aug 30, 2008, an increase of 51%, and other receivables rose by 59% from $75M in 03/2008 to $118M in 08/2008. In the same period, inventories rose by a more modest 29% from $396M in 03/2008 to $512M in 08/2008.
The competition
I expected GOOG’s Android to be much better than it is. For starters, I was sure that the device would support Microsoft Exchange, but it doesn’t. This buys RIMM more time to improve their software for their Bold [RIM's answer to the iPhone]. I’ve seen the first revision of Bold, and it is god-awfully slow when surfing the internet using its WiFi radio. The GOOG/T-Mobile T1 is a lot better, and its browser, and WiFi radio are on par with iPhone. I did not get an opportunity to check out all three devices at a 3G access point - so, I’m sure that someone reading this will fill in the blanks. I know the answer, but I do not want to claim that I looked at it.
The Bottom Line: If you need a phone with Bluetooth 2.0, OBEX/DUN/A2DP, voice dialing, Built-In GPS Navigation [as opposed to a third party solution], want your corporate IT Department’s support, and want to cut and paste, then The BlackBerry wins. Whereas, if you want to waste your time on FaceBook/YouTube, text, use not-so-secure e-mail and look cool doing it, then the iPhone is for you! In a single sentence, corporate accounts prefer and will for now continue to prefer the BlackBerry.
The temporary dip in the stock’s makes RIMM a buy at the current quote.
Disclosure: No positions in RIMM [yet], but likely to initiate by the time this is published.
yo realest thanks for the hot info, again:) so yeah, i sold most of my position a while back. actually moved a lot of it to load SUTR under 3.00 last few days. But, I still hold a core just because GNA has been so good to me:)
So, a buck? really?? I see what your saying, but I just can't imagine a giant like GNA going down 10 fold. so they're stuck with inventory yes, folks shopping elsewhere for prices, means a few bad quarters. Naturally this will only deplete the share price, but considering the market as a whole has sold off also it doesn't make me worry as much. one may look at it as a great buying opportunity...no?
so we need some price adjustments and the whole financial mess to turn so the market can make up the losses. plus, steel has looked bad before, only to recover. what do you see different this time then the other impending doom days for the big boy steelies? :)
one upgrade so far. hopefully we'll see more. good buy here imo
agree. the force is now caught up and ready to bust a move. they are here to stay with great potential into the future and ridiculously undervalued imo. it would come as no surprise if they were bought out..:)
damn this looks like a steal to me down here..P/E about 2??????????????
LOL here it is. BOO YAH!!
Press Release Source: Force Protection, Inc.
Force Protection, Inc. Files Outstanding SEC Documents
Tuesday September 30, 4:05 pm ET
- Files Amended Form 10-Qs for Quarterly Periods During the Year Ended December 31, 2007 -
- Files First and Second Quarter 2008 Form 10-Qs -
- Reports Significantly Improved Profitability for First Half of Fiscal 2008 -
LADSON, S.C.--(BUSINESS WIRE)--Force Protection, Inc. (NASDAQ: FRPT - News) today filed with the Securities and Exchange Commission its Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2008 and June 30, 2008. The Company also filed with the SEC its amended Quarterly Reports on Form 10-Q/A for the quarterly periods ended March 31, 2007, June 30, 2007, and September 30, 2007 which include restated financial results for each of those periods. The Company noted that it is now up to date with reporting requirements for the SEC and listing requirements for the NASDAQ market.
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Michael Moody, Chairman and Chief Executive Officer of Force Protection, Inc., said, “We are very grateful for the hard work of our finance team and the cooperation and assistance of both the Securities and Exchange Commission and the NASDAQ market during the last few months. Our team has worked hard to generate accurate and timely operating and financial information, which not only allows us to remain in good standing with the financial marketplace, but is also essential to create a more responsive, flexible and profitable business. During the first six months of 2008 we began to focus on operating the business more efficiently. This work will continue as we transform our business and look forward.”
The Company reported, for the six months ended June 30, 2008, net sales of $743.9 million, an increase of 206% compared to the $243.5 million recorded for the six months ended June 30, 2007. The increased Company revenue was driven by higher shipments of MRAP vehicles for the U.S. government and an increase in service and support programs for our fielded fleet of vehicles. The Company reported net income for the six months ended June 30, 2008 of $15.3 million, or $0.22 per fully diluted share, compared to net income of only $183,000, or less than a penny per fully diluted share, in the year-ago six-month period.
Michael Moody, continued, “We saw benefits in the early part of fiscal 2008 from significant shipments of Cougar MRAP vehicles, Cougar variants, and Buffalo vehicles, as well as revenues from the related service and support work to maintain and sustain the operational readiness of our fleet. Although we recognize the improvements in the first half of 2008 over the comparable periods in 2007, we are by no means satisfied. We are committed to making further improvements in every aspect of our business. We are working to achieve process improvements and efficiencies in our existing operations as well as to identify specific areas of business development that have been driven by successful research and development efforts in the areas of material science and blast- and ballistic- solutions.”
First Quarter 2008 Summary
For the three months ended March 31, 2008, the Company reported net sales of $403.0 million, an increase of 285% compared to $104.8 million in the same period of the prior year. Gross margin for the first quarter of 2008 was 9.5% compared to 18.8% in the prior-year quarter. The Company noted that the gross margin was negatively affected by the recognition of $196.4 million of net sales with no associated gross profit for vehicles produced for us by General Dynamics Land Systems. General and administrative expenses for the first quarter of 2008 were $24.6 million, or 6.1% of net sales compared to $17.1 million, or 16.3% of net sales for the prior-year period. The dollar increase reflects a $4.9 million impairment charge related to assets at our Roxboro, North Carolina facility, a contribution to the Medical University of South Carolina Foundation for brain trauma research, higher legal and accounting and consulting fees, employee severance. These increases were partially offset by the absence of a liquidated damages charge totaling $4.9 million incurred in the first quarter of 2007. Operating income in the first quarter of 2008 increased to $10.8 million compared to an operating loss of $(2.4) million for the same quarter of 2007. Net income for the 2008 period was $7.0 million, or $0.10 per fully diluted share, compared to a net loss of $(480,000), or $(0.01) per fully diluted share, in the prior-year quarter.
Second Quarter 2008 Summary
For the three months ended June 30, 2008, the Company reported net sales of $340.9 million, an increase of 146% compared to $138.7 million reported in the same period of the prior year. Gross margin for the second quarter was 11.0% compared to 14.8% in the prior-year period. The Company noted that the gross margin was negatively affected by the recognition of $143.3 million of net sales with no associated gross profit for vehicles produced by GDLS during the quarter. General and administrative expenses were $21.5 million, or 6.3% of net sales, during the second quarter of 2008 compared to $17.3 million, or 12.5% of net sales, in the second quarter of 2007. The dollar increase reflects higher legal, accounting, auditing and consulting fees, and employee severance. These increases were partially offset by the absence of a liquidated damages charge totaling $1.8 million incurred in the second quarter of 2007. Operating income in the second quarter of 2008 was $12.8 million compared to an operating loss of $(273,000) in the comparable year-ago quarter. Net income for the 2008 period was $8.3 million, or $0.12 per fully diluted share, compared to net income of $663,000, or $0.01 per fully diluted share, in the prior-year quarter.
The Company noted that at June 30, 2008, it continued to maintain an adequate capital position, with no long-term debt and $73 million of cash. Inventory at June 30, 2008 was $110.1 million, down 18% as compared to $135.0 million as of March 31, 2008. This decrease in inventory was primarily due to building vehicles out of existing inventory in the second quarter of 2008 and a $1.0 million write down of excess and obsolete items. Total shareholders’ equity stood at $247.0 million as of June 30, 2008.
For the six months ended June 30, 2008, the Company delivered 1,394 vehicles, including 1,308 Cougar MRAP vehicles, 37 Cougar variants, and 49 Buffalo vehicles. The Company’s vehicle backlog, as of June 30, 2008, totaled orders for 763 vehicles, including 412 Cougar MRAPs, 329 other Cougar variants, and 22 Buffalos. In addition, the Company continues to have an expectation of significant levels of service and support work related to the fielded fleet of vehicles.
Mr. Moody continued, “We remain committed to increasing our research and development activities. One of Force Protection’s advantages has been this organization’s ability to recognize threats before they emerge and to develop survivability solutions that address these new and constantly evolving dangers. We believe that we will remain an important competitor for several categories of survivability products, particularly through global partnerships and international sales. We also believe that excellent opportunities exist to develop and license new products and technologies that will serve our customers, end-users, and our partners. Additionally, this strategic path is designed to enable us to leverage our strengths, improve our margins, reduce our need to deploy capital, and maintain our position as one of the most forward-looking and creative companies in the global survivability industry.”
Mr. Moody concluded, “We have initiated a systematic and comprehensive program of operational, financial, and strategic review that will become an ongoing and ingrained part of our corporate culture. By leveraging this commitment, enhancing our research and development capabilities, and by building strong partnerships across the industry, we believe that we can demonstrate to our customers, the industry, and most importantly, our shareholders that we have a tremendous ability to create value.”
About Force Protection, Inc.
Force Protection, Inc. is an important American designer, developer and manufacturer of life saving survivability equipment, predominantly ballistic- and blast-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company’s specialty vehicles, the Cougar, Cougar Lightweight / Cougar Restricted Terrain, the Buffalo, and the Cheetah, are designed specifically for reconnaissance, forward command and control, and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (IEDs, commonly referred to as roadside bombs). The Company is one of the original developers and primary providers of vehicles for the U.S. military’s Mine Resistant Ambush Protected, or MRAP, vehicle program.
For more information on Force Protection and its vehicles, visit www.forceprotection.net.
Safe Harbor Language
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations, our ability to maintain our Nasdaq listing, our position as a company in the global survivability industry and statements relating to our backlog. These statements are based on beliefs and assumptions by Force Protection’s management, and on information currently available to management. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, our ability to fulfill our vehicle orders on a timely basis; our ability to improve our operations; our ability to effectively manage the risks in our business; the reaction of the marketplace to the foregoing; and other risk factors and cautionary statements listed in the Company’s periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2007.
Contact:
Force Protection, Inc.
Tommy Pruitt, 843-574-3866
Senior Communications Director
or
Investor Relations:
ICR, Inc.
James Palczynski, 203-682-8229
Principal and Director
it;ll be out any second. no worries and it will b e good