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OT: buc-congratulations! I am a Vermont alum, so I too am exstatic...
Thanks HWEB. You're right - that tax benefit masks the fact they actually made .01 more last quarter. BTW, FPWR back in the 4's now.
MFIC in with 6 cents diluted for Q4, and 8 cents for 2004 vs -.44 for 2003. Revenue is increasing and they haven't even really started to sell their nano-based MMR product yet, which they except to be a big revenue and profit catalyst for them. Not quite "value" but not expensive either, and in a high growth and sexy area.
JMIH news from Miami Boat Show.
Jupiter Marine Receives Orders Resulting from Appearance at the Miami International Boat Show
Business Wire - March 17, 2005 12:06
FORT LAUDERDALE, Fla., Mar 17, 2005 (BUSINESS WIRE) -- Jupiter Marine International Holdings, Inc. (OTCBB: JMIH), a leading manufacturer of high quality, semi-custom center console boats under the Jupiter(TM) brand name, today announced that it received orders for twelve vessels with an estimated retail value of $2.4 million during, and in the weeks subsequent to, its appearance at the 64th Annual Miami International Boat Show.
The Company introduced its new Jupiter 38' Forward Seating model at the Miami International Boat Show, which was held from February 17-21, 2005. This new model was well received by Jupiter Marine's dealer organization and customers, resulting in orders for five Jupiter 38' boats at the show. The Jupiter 38' is a completely new design, conceived by Jupiter staff and designed with the assistance of renowned naval architect Donald Blount. Available in either twin-or-triple engine configurations, the versatile Jupiter 38' caters to both fishing enthusiasts or the casual family cruiser. The model displayed at the Miami International Boat Show was powered by three of the new Yamaha F-250 outboard engines.
Carl Herndon, Jupiter Marine's President, commented, "We are very pleased with the number of orders resulting from our appearance at the Miami show, which we expect to fill over the next six months. The reception and sales of our new Jupiter 38' have also exceeded our projections. The Jupiter 38', along with our 31' and 27' models, continue to be popular with both domestic and international attendees, and we anticipate similar strong sales from our participation at future boat shows."
asbestos in the news=good for pdge business...
http://www.boston.com/news/nation/articles/2005/03/14/leahy_seeks_140b_asbestos_victim_fund_11107833...
TGIS-HWEB
I listened to the cc last week and noted that the CEO expected their stock to qualify to trade back on the NAS SmallCap in 2006, (and trade over $4/share). Looks like insiders are putting their money where their mouth is, as recent insider transactions will attest. Good call on TGIS.
FPWR had a good showing at the Miami Boat show. Their backlog has now increased from $40 million to $50 million. FPWR disappointed in their last earnings report but noted gross margins should significantly improve in the coming quarters.
Fountain Powerboats Logs Orders of $11.6 Million at the 64th Miami International Boat Show
Monday March 7, 10:00 am ET
Miami Boat Show Drives Order Backlog to $50 Million
WASHINGTON, NC--(MARKET WIRE)--Mar 7, 2005 -- Fountain Powerboats, Inc. (NasdaqSC:FPWR - News), a subsidiary of Fountain Powerboat Industries, Inc. and leading manufacturer of high performance sport boats, fish boats and express cruisers, today announced that it has inked sales in excess of $11.6 million during the 64th Miami International Boat Show. The influx of new orders increased the existing sales backlog to approximately $50 million. The show, with more than 2,200 exhibitors, kicked off a celebration of the boating lifestyle and featured the latest powerboats, engines, electronics and marine accessories.
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"This is our third major boat show over the past four months and at those three shows, held in Ft. Lauderdale, New York and Miami, orders were signed totaling in excess of $19.6 million," said Fountain Powerboats CEO Reggie M. Fountain, Jr. "We believe the significant increase in orders written during the three shows is a direct result of our product diversity, brand leadership and reputation for delivering innovative, quality boats where performance and safety go hand-in-hand. Our strategy to expand our target markets to include high-performance fish boats, cruisers and sport boats provides our customers a better range of boats to meet their changing lifestyles. It also offers our worldwide distributors a multiplicity of inventory to better target their specific markets."
"In the 18 years I have been attending the Miami Show, I have never experienced product being so well received by the retail consumer," commented Fountain's Director of Dealer Development, Nick G. Miller. "According to the National Marine Manufacturers Association (NMMA), show attendance was up significantly for the first three days and then tapered off. We are happy to say it never tapered off in the Fountain booth. There was a constant, heavy flow of prospects, which resulted in one of the best ever retail shows for Fountain Powerboats.
"We were pleased to have 25 of our dealers and their salespeople working the Fountain Powerboats booth during the show," continued Miller. "This is the largest participation of dealers we have had assist in a show, and I believe is reflective of our successful programs to support and strengthen our dealerships and enhance our increasing global presence as a unified dealer network."
Researcher-I saw the CGIH AMEX announcement the minute it was released and immediately placed a limit order to buy 1000 shares at $4.75 (the ask at that moment). No fill, and then they moved the ask up. I changed my order several times to match the current ask but all the chasing never even got me a partial fill. Gave up after it was above $5-I have enough shares as it is. I think I will also contact Ameritrade and put some pressure on them...
Make that -.09 for WTRS, not .9. Sorry. Any thought on this one?
WTRS just reported a disappointing quarter. Looks like sales up 43%, but eps -.9 vs +.21. However, there was a 1-time gain of $1.2 million last year, so not as dramatic as it first appears. Disappointing nonetheless. I sold my shares.
Bobwins-excellent call on ASPN! Have you made any EPS predictions going forward?
$1 US = $1.2497 Canadian
I use this:
http://finance.yahoo.com/currency/convert?amt=1&from=USD&to=CAD&submit=Convert
I brought up Nunley because I remember reading his bio on the CPTC Bio's webpage just a month or 2 ago, and noticed that it no long appears there.
http://compositetechcorp.com/execbio.htm
Not trying to start "rumors," just asked why... Since he is speaking on behalf of CPTC in April, it looks like he is still on board. Thanks.
I noticed John Nunley wasn't listed as being part of CPTC's management team anymore. Where did he go? Thanks.
Wow. PXG in with a Q4 loss. Revises 2004 earnings downward for the second time! Pres/COO resigns. Not good. No wonder why this stock fell sharply in the recent weeks-wish they told me ahead of time, too.
cmk2735-I see 3 addresses listed in different AZ cities. Go to "nowauto.com," click "directions," and look at the map on the webpage. Looks like its on N Scottsdale Rd, but I don't see a number. You may want to call them and ask.
Value stock PXG has recently fallen-from $8+ to the high $6's in the last week or so. Don't see any news or filings since this time. I listened to their last earnings CC-they seemed very opitimstic about 2005, and said they would give guidance early in the year. Debt free company with a low p/e. I think Researcher59 pointed this one out a few months ago.
CPTC-nice recovery towards the end of day. My Uncle bought some of this Friday (@ $4.80) based on my speculative recommendation. Whoops.
HWEB-DCU-Glad I added more on the weakness last week. Never heard back from IR... Maybe they are not at liberty to answer any questions regarding the WHR deal. Whatever the case, DCU is back @ $3.
Thanks HWEB-looks that way.
JMIH, Upon further review, it looks like shares were issued to the CEO for his services. This transaction is confusing. Does this mean his bonuses were paid in stock rather than cash?
"On January 13, 2005 the Company agreed to issue its chief executive officer an aggregate of 454,773 shares of its common stock in consideration of its chief executive officer providing personal guarantees for the Company. Such guarantees were required to secure lines of credit up to $700,000.
In addition, on January 13, 2005 the Company issued an aggregate of 209,351 shares of its common stock to its chief executive officer and chief financial officer as payment of bonuses earned pursuant to their respective employment agreements during the fiscal year ended July 31, 2004. Such bonuses had been accrued since the end of the fiscal year ended July 31, 2004. The executive officers agreed to receive the shares of stock in lieu of cash. The bonus payable to the Company's chief executive officer was $27,927.45 and the bonus payable to the Company's chief financial officer was $13,963.73.
The shares were issued under the exemption from registration provided by Section 4(2) of the Securities Act. The shares contain the appropriate legends restricting their transferability absent registration or applicable exemption."
HWEB - JMIH
looks like some recent insider buying.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001207636%252D05...
CalbaTech's Subsidiary, LifeStem, Inc., Launches Major Effort for Collaborative Partner to Develop Stem Cell Delivery Device
PR Newswire - January 20, 2005 14:35
IRVINE, Calif., Jan 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- CalbaTech, Inc. (OTC Bulletin Board: CLBE), an emerging life sciences company (http://www.CalbaTech.com) concentrating on providing products and platforms to the research market for biotech and pharmaceutical companies and to academic institutions, announced today that its wholly owned subsidiary, LifeStem, Inc., has launched a major project to develop its Stem Cell Delivery Device.
"Most stem cell research and development currently is concentrated on cellular therapeutics as opposed to the delivery of stem cells. Our subsidiary is confident that stem cell research, its applications, and specifically the necessary targeted delivery, will expand exponentially in the near future," said LifeStem President Dan Fulkerson, who pointed to the major efforts in California and elsewhere to research the role of stem cells in conquering some of mankind's most dreaded diseases.
"LifeStem is undertaking a major effort to find a collaborative partner in the prototype development of its stem cell delivery device and is discussing this possibility with several of the nation's leading medical device manufacturers," Mr. Fulkerson said.
"Our stem cell delivery device is a patent pending proprietary system for the regeneration of cardiac muscle post myocardial infarction. This device is designed for the targeted delivery of peripheral blood-derived autologous stem cells to diseased tissue for the purpose of regenerating healthy functional tissue," said Mr. Fulkerson. "The device is a disposable sheath placed over a rigid fiber optic endoscope, allowing diagnostic and delivery mechanisms. This provides the ability to detect dead and diseased cardiac tissue with the precision delivery of stem cells, thus promoting regeneration. Our system is compatible with endoscopes from the various manufacturers," said the President of LifeStem.
About CalbaTech
CalbaTech is focused on developing and providing products and platforms to the research market, both for biotech and pharmaceutical companies, as well as academic institutions. It is concentrating on acquiring, incubating and developing early stage life science based companies that are developing next generation products and technologies, both in the United States and in the United Kingdom. In addition to growth through acquisition, CalbaTech, comprised of three divisions, Molecular Applications, Research Reagents, and Cellular Therapeutics, is building an experienced and innovative scientific staff, including several notable members of its Scientific Advisory Board that intend to contribute breakthrough innovation in areas of biological discovery.
About LifeStem
LifeStem, a wholly owned subsidiary of CalbaTech, is positioning itself to become a leading supplier of "Cellular Logistics". The Company's focus is to provide services and technologies to facilitate the efficient acquisition and delivery of purified adult stem cells, development of stem cell delivery devices for clinical applications and clinical applications of specific stem cell based therapies. The Company has filed a patent application for an endoscopic stem cell delivery device that delivers stem cells into diseased or dead cardiac tissue.
Your right Scott was claiming the 16 million outstanding was a mistake and he had submitted a correction to Pinksheets. See my post # 127 for his exact response to my email question. Not cool, but I'm going to stick it out here...
NWAU upping guidance.
NowAuto, Inc. Raises Revenue and EPS Guidance for 2005 and Provides Corporate Updates
PR Newswire - January 20, 2005 10:17
SCOTTSDALE, Ariz., Jan 20, 2005 /PRNewswire-FirstCall via COMTEX/ -- NowAuto, Inc. (OTC: NWAU) is raising guidance for 2005 and providing corporate updates. NowAuto expects to earn net income between $5 and $6 million or between 31 and 38 cents per share in 2005. The Company is projecting revenue for fiscal 2005 of between $25 and $30 million. The Company currently has 16 million shares outstanding and is currently debt-free. The Company recently completed an equity financing which it used for recent acquisitions and working capital purposes. Currently, NowAuto has ample working capital resources for the dealerships as well as the growth of Navicom. The Company does not expect to issue additional shares in the foreseeable future.
NowAuto announces it will not make any additional acquisitions until it completes its filings to become a fully reporting company. The Company expects to become fully reporting as soon as the most recent acquisition closes, which is expected to be within 60 days. Additionally, the Company announces its intention to ultimately be listed on the American Stock Exchange and believes the recent acquisitions will allow NowAuto to meet many of the exchange's listing requirements. The Company's goal is to grow the business to over $100 million in revenue within three years.
Scott Miller, CEO of NowAuto, Inc. stated, "We are committed to building shareholder value and believe the recent developments in our business to be extremely positive. We understand that until we are fully reporting there is a lack of information for our shareholders. We are devoted to keeping our shareholders as fully informed as possible to relieve concerns until we are fully reporting. We truly want our shareholders to feel like owners of our business and share in the success we are experiencing at NowAuto."
Miller also stated, "The accretive acquisitions of the dealerships allow for considerable synergies with our previously owned dealerships, financing business and Navicom. On the Navicom front, we are experiencing record sales each month and our list of qualified distributors is growing weekly. Many of our distributors have now had a chance to see Navicom in action and are even more excited about the product than they were previously. Many of these distributors have high-level connections into businesses that could benefit tremendously from the Navicom technology. We are educating our distributors on ways to present the advantages of Navicom to these contacts. Based on the interest Navicom has already experienced this year we are expecting explosive growth in that division of the NowAuto business in 2005."
NowAuto has three unique and complementary sources of revenue broken down as follows:
1. Navicom, a subsidiary of NowAuto, has cutting-edge GPS technology that covers 98% of the United States, Mexico, and Canada. The unique Navicom technology assists in vehicle location and control. Navicom allows the subscriber to access the vehicle location via the Internet and monitor location, speed, and maintenance requirements. The technology also has disabling capabilities, which stop a Navicom-equipped vehicle from starting. There are numerous applications of the Navicom technology including personal security on vehicles and motorcycles as well as homeland security. The number of units ordered and in use is growing rapidly. LoJack, a well-known company and competitor of Navicom, is only offered in 23 states and retails for much higher prices than Navicom. Navicom has received hundreds of distribution/reseller applications from around the US with more applications coming in daily.
2. NowAuto owns two used vehicle dealerships in the Phoenix area, one in Tucson and currently has signed an executed purchase agreement to acquire an additional dealership. These dealerships are targeted at buyers with sub prime credit to finance a vehicle with no credit check. Using Navicom's technology the Company can disable the car if payments are not received and then the finance company repossesses the car. NowAuto sells its automobiles for an average of $7,000 and has healthy profit margins on all the cars it sells.
3. NowAuto also finances the vehicles it sells. Automobiles will be financed to sub prime credit borrowers a
following up, realizing I didn't really answer any of your questions...
"Are you getting timestamps to the second for your executions?"
Answer: yes-to the second, just like Ameritrade.
"What do you do if you're travelling and need to make a trade by phone?"
Answer: For some reason, I have Fidelity, Tradingdirect, Ameritrade, and Freetrade accounts. I'd use one of my other 3 accounts, but this may be a problem for someone who doesn't have
anything else.
Not sure about your other questions.
Researcher-I just opened a Freetrade account in November and have been extremely pleased with their speed of execution and customer service thusfar. Since I had an Ameritrade Apex margin account, I needed to stop trading for a few days until all my trades cleared before transfering my margin status to Freetrade (they will not allow you to have more than 1 margin account, and Freetrade is exclusively margin). This was unpleasant, but such is life...
Email customer service seems to be as fast as Ameritrade's. I barely ever called Ameritrade on the phone, so relying solely on email for customer service is not a problem for me. As I said before, trade executions have been as efficient as Ameritrade's (which, in my experience with other discount brokers, is excellent). I figure Freetrade will save me thousands in commission...
DCU-
1.If people are selling because of disappointment over Whirlpool's exclusivity, then why did it take so long for them to sell? DCU had traded over $3 from Jan. 4 (the day of the WHR announcement) to Jan. 12, so I doubt any selling now can be attributed to shareholder's sudden displeasure w/ this deal.
2. Since the 3 key managers of DCU are also the 3 largest stockholders, I believe they would do what is in the best interest of the shareholders. If other companies were knocking on DCU's door to license this technology, I doubt we would have seen the exclusivity worked into the deal. My thinking is that WHR was the only company showing interest in DCU's technology... Speaking of "best interest of shareholders," I like the dividend. And their core business has grown at a pretty good clip, too...
kozuh-you said:"DCU has to wait 3 years before making its technology available to Maytag, GE, Amana, etc"
True, but, as far as I know, DCU wasn't licencing their technology to ANY of the manufacturers before this announcement, so this is a big step for them, regardless of Whirlpool's exclusivity.
HWEB-I added some more DCU at $2.49 and $2.29. If this keeps up, we'll have to post on the regular VM board! No response yet from IR. I hope we hear a little more on the specifics of this agreement w/ Whirlpool. Seems huge for DCU, considering how many units Whirlpool sells.
HWEB-DCU
I had this on my watchlist and bought in today. I would assume we will see this $350,000 show up as a 1-time gain in DCU's next earnings report? I wrote an email to IR asking, among other things, how many Whirlpool models will use this technology, and how soon will royalties be reflected in the financials. No response yet, but if I can get any additional info from them, I'll post it here.
On January 3, 2005, DRYCLEAN USA, Inc. (the "Company") entered into a Patent License Agreement with Whirlpool Corporation ("Whirlpool") in which the Company granted Whirlpool an exclusive license until December 31, 2008 and thereafter a non-exclusive license to make and sell laundry appliances incorporating the Company's patent applications and other intellectual property related to fabric treatment technology for improving the drying and refreshing of garments in home clothes dryers. In consideration for the grant of the license and to reimburse the Company for its time, effort and development costs, Whirlpool is to pay the Company a $350,000 fee. In addition, Whirlpool is to pay the Company a per unit royalty for dryers using the licensed technology that are sold during the three year period following the first sale following commercial production of dryers using the license technology, as well as a to-be-negotiated royalty with respect to the sale of licensed after market kits (to retrofit existing home dryers) for which the Company has retained marketing rights but granted Whirlpool a non-exclusive license.
http://www.smallcaps.us/Companies/036_DCU/Introduction.htm
I wrote an email to Scott Miller about the 10 million vs. 16 o/s, and here is his response:
"Here's what I can tell you. Pink Sheets sent us an email stating 16 million shares out. I have no idea where that came from since they didn't speak to us. So I corrected the shares out on the information sheet provided by Pink Sheets. The bad news is that although I corrected it yesterday, it may not be reflected in the Pink Sheets until Thursday."
So it sounds like its still 10 million, I guess....?
I wrote an email to Scott Miller about the 10 million vs. 16 o/s, and here is his response:
"Here's what I can tell you. Pink Sheets sent us an email stating 16 million shares out. I have no idea where that came from since they didn't speak to us. So I corrected the shares out on the information sheet provided by Pink Sheets. The bad news is that although I corrected it yesterday, it may not be reflected in the Pink Sheets until Thursday."
So, it sounds like its still 10 million, I guess....?
HCAR, one of HWEB's picks, has been inching up lately. Earned 8 cents last quarter-not bad for a stock trading under $1. Huge revenues for a 3.5 million dollar market cap company. Director just bought 154,500 shares 12/27.
OT: patentlawmeister-I noticed her too. She got me to click through, so I guess the ad worked.
news out on WTRS
Markrhead-I think the ETEC that AACS.OB is referring to is a different one than ETEC.OB, a company called EMTEC that does IT and geothermal related business.
Thanks to Bobwins and Hweb for starting this board, and to all who have contributed in 2004. I think you guys found the best possible niche in investing-value microcaps-and wish you continued success in 2005. Happy New Year!
BTW, I just reviewed my 2004 trade log; I ended up with 736 trades for the year. Thought it might be interesting if others posted their trade volume number, too. Who can beat 736? I bet many of you can...
Researcher59-are you still holding PXG? I bought some after you mentioned it as a value play a few months ago. It's finally starting to move...
I listened to their last CC. They said they would issue guidance in early 2005, and sounded pretty bullish about the future. I'm holding and hopeful they will guide for EPS of $1+. What are your thoughts?
linuspop/kerouact
BTW-I'm "kerouact" on RB.
2005 - a couple more
I like many of the picks mentioned...here are a few more I'm bullish on:
HOM-guided for .04 to .07 next quarter in November CC. Management predicting Florida rebuilding will drive much business their way in 2005. Announced more contacts and increasing backlog in the last month or so. Insider purchases @ current price. Might not rocket to the moon, but looks like a pretty safe bet to trade above $2-$3 in a few quarters.
NHLC-Cheaper and growing faster than its peers. CEO interviewed on CEOcast 12/17. Seemed confident about a Nasdaq listing in early 2005, and was excited about a new product launch early Spring (could not reveal the product). Company entered China this year, and entering Mexico and Japan shortly, with more countries to come. Recruiting industry veterans to oversee enterance into new countries. Sprout Securities (brokerage firm in Canada) has this as their top pick w/ a $24 price target, I believe.
FPWR-Fountain Powerboat. An HWEB pick (not sure his current thoughts on this stock). Record backlog of $36 million and new line of fishing boats launching. Just completed factory improvements to make production more efficient....I think the record backlog and more efficient production will result in a boost in EPS in the coming quarters, as Fountain burns through the backlog...low float, too.
Recently bought some RSGC and NWAU as speculative, good risk/reward plays. My MDF and CPTC I bought last year just became LT investments. Thanks Bobwins.
And hopefully BIPH will stop talking to companies behind closed doors, and start signing agreements....