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TGLN ---Sub penny by the end of the year.
http://www.fool.com/investing/small-cap/2009/10/28/7-highly-rated-stocks-on-sale.aspx
Stock
30-Day Return
One-Year Return
Current CAPS Rating
(out of 5)
Clean Energy Fuels (Nasdaq: CLNE)
(16.0%)
27.3%
****
PetMed Express (Nasdaq: PETS)
(15.0%)
7.8%
*****
China Precision Steel (Nasdaq: CPSL)
(12.9%)
24.2%
*****
Double-Take Software (Nasdaq: DBTK)
(9.4%)
23.5%
*****
ICO (Nasdaq: ICOC)
(8.3%)
17.5%
*****
Sun Hydraulics (Nasdaq: SNHY)
(7.2%)
20.6%
*****
Huntsman (NYSE: HUN)
(7.1%)
(25.2%)
*****
Data from Motley Fool CAPS as of Oct. 27.
As the table shows, all of these stocks are still very well-regarded by the CAPS community despite their underperformance over the past month. While these are not formal recommendations, they are a great place to kick off further research. I'll even get you started with some thoughts on PetMed Express.
Why so blue?
The third-quarter report for PetMed Express, which markets itself as 1-800-PET-MEDS, could have been titled "1-800-REV-MISS."
Though the company was able to best analysts' profit estimates for the quarter, sales were lighter than expected and grew a meager 5% from last year. The profit/revenue trade-off could be a cause for concern, as it appears that much of the extra profit that the company reported came from a drop in advertising. Normally, the company buys up remnant ad space, which gets its message out while saving money, but this past quarter media buyers were snatching up those remnants that PetMed used to buy.
If this dynamic continues, the company could face the tough decision of either tailing off advertising, which would hurt sales, or paying more for its ad space, which would hurt profits.
Of course, we could also surmise that media buyers have been cutting costs and taking roads less traveled lately because of the recession. As we emerge from recession, normal buying patterns could once again take hold, leaving PetMed its cheap corner of the media market.
What the bulls say
PetMed is a clear favorite among CAPS members, with 681 outperform ratings versus 17 underperforms. Members have highlighted a number of bullish factors, including the reliability of the pet-care market and the company's growth.
CAPS All-Star and fellow Fool Rich Smith (TMFDitty) recently became one of those bulls and pointed out that PetMed's stock should be appealing to investors across investing philosophies:
EV/FCF/G ratio works out to 11.5. Toss in a tidy 2% dividend, and what you've got here is a case for growth, a case for value, *and* a case for income. That makes PetMeds man's new best friend.
But here's the important question: Do you think the recent drop has created a good buying opportunity? Or will the economy and a tough marketing environment continue to leave PetMed flat-footed? Head over to CAPS and share your thoughts with the 140,000 members. Even if you'd prefer to pass on PetMed, you can check out a couple of the other stocks listed above or any of the 5,300 stocks that are rated on CAPS.
More CAPS Foolishness:
•3 Stocks That Just Make Sense
•5 Dynamic Dividend Stocks
•America's Next Top Value Stock
Closed for 15 months – opening 10 days only! Get notified ahead of time as expert portfolio manager invests $1 MILLION in the best opportunities from across The Motley Fool’s premium investment services. This is the first open since August 2008, by invitation only. Enter email below.
Double-Take Software is a Motley Fool Stock Advisor selection. Sun Hydraulics is a Motley Fool Hidden Gems recommendation. Try any of our Foolish newsletters today, free for 30 days.
Fool contributor Matt Koppenheffer does not own shares of any of the companies mentioned. You can check out what Matt likes in CAPS by visiting his CAPS portfolio, or you can connect with Matt on Twitter @KoppTheFool. The Fool's disclosure policy has a pet tarantula and will put it back in its cage as soon as the screaming stops.
Read/Post Comments
Please keep this board about CPSL
Wow people still think they are going to get money back from this investment? Wrong only lawyers will.
Some shares changing hands is this stock not as dead as I thought?
CPSL could hit new 52week high this week.
Stock looking good after RS
China Precision Steel Announces Conference Call to Discuss Year End Fiscal 2009 Results
SHANGHAI, Sept. 22 /PRNewswire-Asia/ -- China Precision Steel (Nasdaq: CPSL), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Tuesday, September 29, 2009 to discuss the year end fiscal 2009 results.
Joining Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be Dan Carlson, Non-Executive Director.
To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-419-5570, international callers should dial 617-896-9871; conference passcode is 529 178 60.
If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, September 29, 2009 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 47792275. International callers should dial 617-801-6888 and enter the same passcode.
This conference call will be broadcast live over the Internet and can be accessed by all interested parties by clicking on http://www.chinaprecisionsteelinc.com . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.
About China Precision Steel
China Precision Steel is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com .
For more information, please contact:
China Precision Steel
Dan Carlson
Email: DanielCarlson@comcast.net
Elite IR
Leslie J. Richardson, Partner
Tel: +852-3183-0283
Email: Leslie.richardson@elite-ir.com
CPSL could hit $3.00 today
Will CPSL just tread water untill 10K due out on Sept 14??
China Precision Steel Inc (CPSL)
CPSL manufactures high precision products for use in the automobile, textile, appliances and micro-electronics industries. Because of the specialist nature of its products CPSL achieves high Gross Margins during normal times i.e. up to 30%. As of May 2009 brokers assumed CPSL would have Gross Margins of 15% for FY June 2010 – giving 2010 EPS of 14 cents on Sales of $80 million – and a forecast GM of 10.2% in Q4 ended June ‘09. On the back of the recovering steel industry, CPSL should be able to expand Gross Margins to 20% i.e. about 2/3rd of its 30% GM Target. This would produce EPS of 21 cents on brokers existing Sales estimates for FY 2010. At the current share price, $3.23 (August 3 close), this represents a 2010 p/e of 15. In this exercise we made no upward revisions to broker’s existing sales estimates. Even if only for steel pricing reasons higher future sales should be expected. Sales 20% higher would give Fy 2010 EPS of 28 cents for a p/e of 11.5. CPSL financial year end is June. Next earnings release, y/e June 2009, expected early September.
http://seekingalpha.com/article/153596-expect-big-improvements-in-these-three-chinese-steel-companies?source=reuters
CPSL will be up again today. eom
Up day for CPSL watch and see. JHO
CPSL up big again today.eom
Up up we go. eom
someone's buying in last 4 months
Historical Data Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago 4 Mo. Ago 5 Mo. Ago 6 Mo. Ago
Total Shares Held 5.69M 5.69M 5.66M 2.21M 2.21M 6.71M 6.66M
Shares Bought 3.53M 3.53M 266,648 326,778 357,078 1.14M 1.05M
Shares Sold 253,072 253,072 472,732 432,912 427,212 217,081 217,081
http://www.thestreet.com/quote/CPSL/details/ownership-summary.html
got 2.65 M shares it's dead money
Bought more today. eom
Time to double up on FNSR.
Looked good today. eom
Hoping FNSR back to a buck.
Time to buy back in.
Have been buying all a along.
Great day up big.
Third day CPSL up in premarket.Up the last two days.
CPSL up again in premarket.
Press Release Source: China Precision Steel, Inc.
China Precision Steel Announces Conference Call to Discuss Third Quarter Fiscal 2009 Results
On Monday May 4, 2009, 1:41 pm EDT
Buzz up! Print.Related:China Precision Steel, Inc.
SHANGHAI, May 4 /PRNewswire-Asia/ -- China Precision Steel, Inc. (Nasdaq: CPSL - News; "China Precision Steel" or the "Company"), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Monday, May 11, 2009 to discuss the third quarter fiscal 2009 results.
Related Quotes
Symbol Price Change
CPSL 2.68 +0.78
{"s" : "cpsl","k" : "c10,l10,p20,t10","o" : "","j" : ""} Joining Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be Dan Carlson, Non-Executive Director.
To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-339-2688, international callers should dial 617-847-3007; conference passcode is 290 320 21.
If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Monday, May 11, 2009 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 68709760. International callers should dial 617-801-6888 and enter the same passcode.
This conference call will be broadcast live over the Internet and may be accessed by clicking on http://www.chinaprecisionsteelinc.com . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.
About China Precision Steel, Inc.
China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold-rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com .
For more information, please contact:
China Precision Steel
Dan Carlson
Email: DanielCarlson@comcast.net
Elite IR
Leslie J. Richardson, Partner
Tel: +852-3183-0283
Email: Leslie.richardson@elite-ir.com
EmailIMBookmark
Check out premarket CPSL.
Today at $1.77 may go higher. eom
Well a 10,000 to 1 RS
I-Man CPSL up again today eom
Up again. eom
1year ago today
Form 8-K for GLOBALNET CORP
--------------------------------------------------------------------------------
8-Apr-2008
Unregistered Sale of Equity Securities, Financial Statements and Exhibits
Item 3.02 Unregistered Sales of Equity Securities
GlobalNet Corporation (the "Company") entered into a Securities Purchase Agreement (the "Agreement") with New Millennium Capital Partners II, LLC ( "Buyer") on March 31, 2008 for the sale of (i) $85,000 in callable secured convertible notes (the "Notes") and (ii) stock purchase warrants (the "Warrants") to buy an aggregate of 10,000,000 shares of our common stock. Pursuant to the terms of the Agreement, the Company and the Buyer closed on the sale and purchase of the Notes and the Warrants on March 31, 2008. Funding occurred April 2, 2008.
The Company will use the proceeds for two business purposes. The first is to work toward completing our 2005 audit and the filing of our 2005 10KSB. Following that, management will work toward completing our 2006 audit. Secondly, the Company will seek business opportunities in areas outside the telecommunications sector. These may include asset acquisitions and or private companies for consideration as a reverse merger opportunity.
The Notes bear interest at 8%, mature three years from the date of issuance, and are convertible into our common stock, at the Buyer's option, at a conversion price, equal to the lower of (i) $0.03 or (ii) 15% of the average of the three lowest intraday trading prices for our common stock during the 20 trading days before, but not including, the conversion date (the "Variable Conversion Price"). As of April 2, 2008, the average of the three lowest intraday trading prices for our common stock during the preceding 20 trading days as reported on the Over-The-Counter Bulletin Board was $.0001 and, therefore, the Variable Conversion Price for the secured convertible notes was $.000015. Based on this conversion price, the Notes issued under the Agreement in the amount of $85,000, excluding interest, are convertible into 5,666,666,667 shares of our common stock.
--------------------------------------------------------------------------------
The Company's Articles of Incorporation currently allow for issuance of a maximum of 20,000,000,000 shares of common stock. Currently, the Company has approximately 12,507,000,000 shares outstanding, leaving an unissued balance of authorized shares that is not sufficient to service the maximum requirements of all of its convertible securities. In the event we are unable to obtain an increase in our authorized common stock, we will be required to repay the convertible debenture and we will be subject to penalties associated with such failure to deliver shares of common stock upon conversion of the debentures as well as prepayment penalties. In addition, the Buyer and the other investors that participated in our previous financing have a secured lien on all of our assets and intellectual property and would be entitled to foreclose on our assets and intellectual property. In the event that the foregoing were to occur, significant adverse consequences to the Company would be reasonably anticipated. Although no notice of default has been received from the Buyer or the other prior investors, all previous notes with the Buyer and with the other prior investors are in default under numerous covenants.
We may prepay the Notes in the event that no event of default exists, there are a sufficient number of shares available for conversion of the Notes and the market price is at or below $0.10 per share. The full principal amount of the Notes is due upon default under the terms of the Notes.
The Warrants are exercisable until seven years from the date of issuance at an exercise price of $0.0001 per share. In addition, the exercise price of the Warrants is adjusted in the event we issue common stock at a price below market.
The Buyer has contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of our common stock such that the number of shares of the Company common stock held by a Buyer and its affiliates after such conversion or exercise does not exceed 4.9% of the Company's then issued and outstanding shares of common stock.
As of the date hereof, the Company is obligated on the Notes issued to the Buyer in connection with this offering. The Notes are a debt obligation arising other than in the ordinary course of business, which constitute a direct financial obligation of the Company. Certain of the Company's debt instruments originated in periods prior to April 2006; accordingly, such debt instruments may be converted to common stock, which may be sold pursuant to Rule 144(k). The Previous Notes are also convertible at the Variable Conversion Price.
The Notes and the Warrants were offered and sold to the Buyer in a private placement transaction made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 and Rule 506 promulgated thereunder. Each Buyer is an accredited investor as defined in Rule 501 of Regulation D promulgated under the Securities Act of 1933.
The Company does not currently have a defined funding source, and in the absence of a funding agreement, the Company does not have sufficient funds to resume operations. The Company anticipates continuing discussions regarding additional short-term funding possibilities with its investors. However, there is no assurance that additional funding from the investors will be available, or available on terms and conditions acceptable to the Company.
Item 9.01 Financial Statements and Exhibits
Exhibit No. Description
4.1 Securities Purchase Agreement, dated March 31, 2008 by and between the
Company and New Millennium Capital Partners II, LLC
4.2 Form of Callable Secured Convertible Note, dated March 31, 2008
4.3 Form of Stock Purchase Warrant, dated March 31, 2008
Looks like FNSR still on the move up. eom
Watch CPSL in the coming days. It will go up. JHO
Nice up day.
CPSL looks like it might run again. That $12.00+ last year would be nice.
CPSL up nice has long way to go. eom
up nice. eom