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yes today + CC-->
The Company stated that it intends to file separate amended Quarterly Reports on Form 10-Q for the first, second and third quarters of 2007 and Quarterly Reports on Form 10-Q for the first and second quarters of 2008 on or before September 30, 2008.
As previously announced, the Company will hold a conference call with investors to discuss 2007 and year-to-date 2008 results and its business outlook at 4:30 pm EDT on September 30th which will be available to the public via webcast
Solicitation Number:
M6785408R5078 Notice Type:
Presolicitation Synopsis:
Added: Sep 23, 2008 1:43 pm
The Marine Corps Systems Command intends to negotiate and award a sole-source contract with Force Protection Industries, INC (FPII), a large business based out of Ladson South Carolina, pursuant to FAR 6.302-1. The contract will be for up to fifty (50) Category III Buffalo Mine Protected Clearance Vehicles (MPCVs), spare parts and life-cycle sustainment support. The Category III Buffalo vehicle is a mine resistant, route clearance type vehicle that is needed in convoy operations. FPII's Category III Buffalo is a versatile, diesel powered, pneumatic tired, heavily armored multi-purposed vehicle equipped with hydraulically operated arm that can reach out and manipulate a variety of objects on the ground. FPII's Category III Buffalo Vehicles are already in the USMC inventories and have been repeatedly proven to save lives. FPII possesses unique knowledge and production line capabilities for immediate production of this required item and is therefore the only vendor ! deemed qualified to provide this item. All contractors who provide goods/services to the DoD must be registered in the Central Contractor Register (CCR). Online Certifications and representations at (ORCA), http:\orca.bpn.gov, will also be required. Failure to comply with the ORCA registration may make a vendor ineligible for award. This notice of intent is not a request for competitive proposals and no formal solicitation package is available. However, interested parties may identify their capability to meet the requirements by submitting a white paper, technical data for the item, and past performance data no later than 1 October 2008 to Kimberly Barnes at kimberly.m.barnes.ctr@usmc.mil. Responses received by 1 October 2008 will be considered. A determination by the Government not to compete this effort on a full and open basis is solely within the discretion of the Government. The Government will not be responsible for any cost incurred in responding to this notic! e. Only e-mail inquiries will be accepted-no telephonic communications.
Contracting Office Address:
M67854 MARINE CORPS SYSTEMS COMMAND Quantico, VA
Point of Contact(s):
Carl V. Bradshaw 540-242-3035 Contract Specialist Kimberly Barneskimberly.m.barnes.ctr@usmc.mil
Contracting Officer Carl V. Bradshawcarl.bradshaw@usmc.mil
nice job. this thing is golden down here. load the boats people.
well there you go i bet that makes you feel better bud!
wow right back filled another 2k shares here. ahhhhhhhhhhhhh
yep unreal
totally..with a lil volume this is back to 5.00+ no problem. not worried. just need some confidence back for investors.
damn i know the feeling well lol. fre bought at .40 sold at .55, then over 2.00 a few days later!! really could have used that!
im with ya bud. really red all over for me with most stocks. just keep avg down and holding. this is ridiculous! buy buy buy!:)
goodbye wb! ouch
seriously lol. have a good weekend bud.. catch you sometime next week!
welcome and nice buy!
haha i know it. we'll be ok. great opportunity to buy more. i alreayd have 2700 shares avg at 4.22. i will make that an even 4k shares if this gets really ridiculously low. like 3.50 or under. otherwise im spent.. and ready for the turn!!
Our revenue increased from $190.59 million in fiscal year 2006 to $418.03 million in fiscal year 2008, representing a compounded growth rate of approximately 119.33%. These significant increases reflect our success in expanding our production lines and our increasing market penetration.
cool. my thoughts exactly.. best of luck to you:)
lol yep. gonna make a killing here. no doubt in my mind. each quarter they are growing and balance sheet gets stronger. SUTR is my new GNA. i first got GNA around these prices and very few people were with me... that went to friggin 19 bucks this year... time to do it again:)
added more at 72.50...next if it gets to 68.25 im done:)
S&P
Recommendation: RIMM posts Aug-Q EPS of $0.86 vs. $0.50, matching our forecast. Revenue growth of 88% vs. prior year
was in line. Shares are indicated sharply lower after guidance includes lower gross margin due to new product launches to meet mass market demand. Based on RIMM's commentary and strong telco relationships, we see revenue growth as strong. We are cutting our FY 09 EPS estimate by $0.12 to $3.58 and see $4.52 in FY 10. We cut our 12-month target price by $20 to $110, based on a lower P/E of 30X to reflect well above peers 25% growth rate and strong cash balance.
T.Rosenbluth
09/26/2008 08:50:15
me too lol. i have a truck load of SUTR now. these prices are insane! this is a $7-8 stock hands down.
yeah agreed. its gonna hold back sutr for now it looks like...
just bought some at 77 this am. no doubt will see 80's and 90's again imo. ive done some trading on rimm so im happy to get in here. id say the market is overeacting a bit on the miss. numbers don't lie. rimm is a friggin monster.
http://finance.yahoo.com/q/is?s=RIMM&annual
well, nothing short of a great report.. AGAIN:) lets see how the market reacts-->
Sutor Technology Group Limited Announces Strong Fourth Quarter and Fiscal Year 2008 Results
Thursday September 25, 8:00 pm ET
-- 4Q08 Revenue Increases 14.5% to US$105.5 Million Compared to 4Q07
-- 4Q08 Net Income increases 9.83% to US$10.04 Million Compared to 4Q07
-- Full Fiscal Year 2008 Revenue increases 61.05% to US$418.03 Million
-- Full Fiscal Year 2008 Net Income increases 51.73% to US$31.14 Million
DONGBANG TOWN, China, Sept. 25 /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 its financial results for the fourth quarter and fiscal year ended June 30, 2008.
Fourth Fiscal Quarter 2008 Financial Highlights:
-- Total revenues increased 14.5% over the fourth fiscal quarter of 2007
to US$105.5 million
-- Net income increased 9.83% over the fourth fiscal quarter of 2007 to
US$10.04 million
-- Fully-diluted earnings per common share for the fourth fiscal quarter
2008 was US$0.26, compared to US$0.25 for the fourth fiscal quarter
2007
Ms. Lifang Chen, Chairlady and CEO of Sutor said, "I am pleased to report another strong quarter of growth driven by solid execution of business strategy focusing on vertical integration to provide a total solution for our customers. I look forward to updating our shareholders as we continue our progress."
Fourth Fiscal Quarter 2008 Financial Results:
Revenues. Revenues amounted to US$105.5 million in the fourth fiscal quarter 2008, compared to US$92.15 million revenues for the fourth fiscal quarter 2007, representing an increase of 14.5%.
Gross Profit. Gross profit decreased 11.44% to US$10.31 million for the fourth fiscal quarter 2008 from US$11.64 million in the fourth fiscal quarter 2007. Gross margin was 9.76% in the fourth fiscal quarter 2008, compared to 12.63% in the fourth fiscal quarter 2007. We produced certain products for the use of Sichuan earthquake relief in the fourth fiscal quarter which had a low profit margin.
Income from Operations. Income from operations for the fourth fiscal quarter 2008 was US$11.77 million, representing a 18.5% increase, compared to US$9.93 million in the fourth fiscal quarter 2007. Operating margin for the fourth fiscal quarter 2008 was 11.15%, up from the 10.76% in the fourth fiscal quarter 2007.
Income before Tax and Minority Interests. Our income before tax and minority interests increased by 15.09% from US$8.15 million in the fourth fiscal quarter 2007 to US$9.38 million for the fourth fiscal quarter 2008.
Net Income. Net income increased by 9.83% from US$9.14 million for fourth fiscal quarter 2007 to US$10.04 million for the fourth fiscal quarter 2008.
Full Year 2008 Results:
For the fiscal year ended June 30, 2008, the Company reported revenue of $418.03 million, an increase of 37.76 % compared to the $303.44 million reported for the same period last year. Gross profits for the fiscal year 2008 were $ 44.92 million, or 10.75 % of sales, compared to gross profit of $30.54 million, or 10.06 % of revenue, for the same period last year. Total operating expenses for the fiscal year ended June 30, 2008 were $5.99 million, or 1.43% of revenue, compared to $7.06 million, or 2.33% of revenue, for the same period last year. Net income for the fiscal year ended June 30, 2008 was $ 31.14 million, or $0.82 per fully diluted common share outstanding (based on 37.96 million weighted average shares), an increase of 51.73 % compared to net income of $20.52 million, or $0.59 per common share outstanding (based on 34.60 million weighted average shares) in the same period a year ago.
Financial Condition:
The Company's cash and cash equivalents balances as of June 30, 2008 were $11.81 million, compared to cash equivalents of $8.83million as of June 30, 2007. As of June 30, 2008, the Company had working capital of $76.9 million. Stockholders' equity increased 48.57 % to $132.75 million, compared to $89.35 million as of June 30, 2007.
Functional Currency and Translating Press Release
The functional currency of the Company is the Chinese Yuan Renminbi ("RMB"); however, the accompanying financial information has been expressed in United States Dollars ("USD"). The accompanying consolidated balance sheets have been translated into USD at the exchange rates prevailing at each balance sheet date. The accompanying consolidated statements of operations and cash flows have been translated using the weighted-average exchange rates prevailing during the periods of each statement. Transactions in the Company's equity securities have been recorded at the exchange rate existing at the time of the transaction.
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
haha i know wish i got on some of those. i bought fre at .40 sold at .55.. lol
seeing some nice size bids coming today;)
haha yep. knew it...and im the idiot! go figure:) have a nice day everyone:) GL
haha joke man come on. no name calling please:)
well... dont drink the koolaid just yet. :)
lol seriously.
i absolutely believe it will. it got trashed this past year.. time to go back up. soon.
well since i grabed a few at 6 yesterday i had to grab some more at 3 today.. 50% off. cheers to our lucky lotto money. gl everyone.
haha i know. ill take .01, really.
no worries .0004 is good if this is worth 3.50 a share LOL. small joke:)
opportunity of a lifetime? we shall see...
doubts man doubts. and rightfully so. this is a 000 stock remember. never does somethign like this happen if it is to happen.
we should no problem. just taking her down before tomorrow. happens every time earnings come. i don't know why anyone would sell right now!
6's will go down with nothing too. watch JJ:)
have you bought any? partials and ut's on light volume. im just stating the obvious. its not all that easy especially with buying interest and that could happen tomorrow. Im not saying it will, it could. we just saw nearly 2M take out 5. understand now? :)
all i know is, if this news is as good as some suspect, its going to be next to impossible to get shares. its already hard and we haven't seen anything yet:)
oh shoot.. game on.
could be.. anyone here get a fill at .0005?
yep nice retail dump, bid still looks good.