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Oh, sorry...I thought your post concerned AMEP since this is the AMEP board and you didn't "OT"....
Who cares????
Shoot Red...all those guys appearing on CNBC or CNN for the most part don't own the stocks they give their opinions on!!!! My unbiased opinion should carry a lot of weight!!!! LOL!!!!!
THEKOOKBOOK...in Pinkyville and OTCland....high volume on fluffy news and little pps move = big dump and dilution.....
I figure about a week to drop back to 24-25 cents unless they PR blitz....whatcha think, lowman????
Maybe they could weld some pig intestines together and get the gas flowing to DuPont!!!!!
Nobody posted any false info here that I know of.... although AMEP's PR's seem to me to be a little "misleading"....
SMSI...pretty heavily weighted here, but have a limit order to pick up some more on any dip today. Seems to be basing here around $9...listen to last CC or check the Yahoo board for some good CC comments by posters... This company is in a nice growth mode with new biz and maybe an acquistion...
OT: Doubloon...got your PM regarding the other board. Right now my "semi-retirement" is going from less "retirement" and closer to full-time work demands, so I don't think I would be much help. Will let you know if that changes, but thanks for the consideration...
lowman...good article... BTW, we should tell our grandkids to learn Chinese!!! I told my kids to learn Spanish years ago....
Barneey...tough to do decent TA when you don't know the rate of dilution...skews the money flow indicators too....
Does anyone have a list of successful companies Big Apple has worked with in the past??? TIA.
Mac???? You have a Ronald McDonald computer???? I love Big Mac's
Barneey...why not do this???? Click on "linkable Version" at bottom of your chart...then follow IHub's instrucions for posting charts....
The Chinese don't have any landfills!!! Look behind a Chinese resturant, you'll be lucky to find a 1 gallon garbage pail!!! LOL!!!
Barneey, turn the chart over, I think you are reading it upside down.....
What's the next news....they got a deal on some pipe????
NGAS...my rec and TOTAL SCREWUP!! Hogs get slaughtered!!! Had a near 100% gain and let it slip away...now in the red. I think company expansion plus drop in NG prices hurt their bottom line this earnings. Do some DD, this may be a buy for the long term when it bottoms out....buying pipeline, built a new pipeline, new leases plus long term wells with high quality gas....
Waitedg...here's the Forbes link to VDSI...
VDSI down and the market way up....go figure....
http://www.forbes.com/2005/12/29/nvidia-vasco-magnet-in_jk_1229soapbox_inl.html?partner=yahootix
Here's a good one Charlie...
Posted by: dollarland
In reply to: None Date:5/26/2004 2:10:54 PM
Post #of 13264
Wow, what a fantastic board! So informative and filled with good, honest investors! What a breath of fresh air!!!
I was really getting tired of the RB board and all the lies and deceipt perpetrated there. One poster had over 11,000 posts in 4 years!!! Can you believe that??? And almost all of them where personal attacks and complete bull. Apparently RB cares little about the integrity of it's boards or posters. Hope the HUB does better!
Anyway, I looking at buying a boatload of FASC in the next several weeks, but am waiting until I finish up some DD. There is a lot to go through with FASC being 10 years old now. I'm trying to get a handle on what's happened with all the projects and deals that have been announced over the years, what progress has been made, and so on.
Looking forward to getting some help from the asute members of this board!!
Take care and talk to you soon!
GO FASC!!!
Dollarland
Waitedg...VDSI has an estimated forward P/E of about 24. Looking at their PR's and present growth rate, I don't think they are overvalued here at all.....plus they are in a hot sector, IMO....
http://finance.yahoo.com/q/ks?s=VDSI
Think the NT 10-K will be filed around March 30th again this year????
I wonder if they got approval from the terrorists that they will accept support in the form of Euros instead of dollars???
No, most of the good jokes were deleted...just lowman's are left....
Red...well, when you call it "Candy's baby" and you haven't dressed it in pink or blue yet.....how do I know!!!!
Good luck on the new ranch.......maybe the filly will be happy with a play ranch from Toys R Us..... LOL!!!!
Red...congrats on the colt!!! Maybe you can teach him to pick stocks for you!!!!
When is the Amex listing?? That was being pumped all last year as "soon"....
Waitedg....bought VDSI at 9.58, did better on RWC at 8.40, then it went up the rest of the day.
SMTX...up 37% on earnings AH's.. SMTC Reports Fourth Quarter and Annual Results
Monday March 13, 4:30 pm ET
Reports 21% Improvement in Quarterly Revenue Over Comparable Period Last Year and Third Consecutive Profitable Quarter
TORONTO, March 13 /PRNewswire-FirstCall/ - SMTC Corporation (1) (Nasdaq: SMTX, TSX: SMX), a global electronics manufacturing services provider, today reported revenue of $58.1 million and net income of $1.4 million, or $0.10 per share, for the fourth quarter ended December 31, 2005, compared with revenue of $48.0 million and a net loss of $3.2 million, or $0.22 per share, for the quarter ended December 31, 2004. Net income in the fourth quarter of 2005 includes an income tax recovery of $0.6 million, or $0.04 per share, while the net loss for the fourth quarter of 2004 included net restructuring and other charges of $1.1 million, or $0.08 per share. The Company also generated cash from operations of $7.0 million during the fourth quarter of 2005 compared with $6.2 million in the fourth quarter of 2004. In the third quarter of 2005, the Company reported revenue of $64.6 million and net income of $0.8 million, or $0.05 per share.
"Our fourth quarter results demonstrate our continuing progress in improving our financial results," stated John Caldwell, President and Chief Executive Officer. "Although fourth quarter revenue was lower than the previous quarter reflecting variability in customer order patterns, we achieved 21% growth over the comparable period last year, the result of important new program and new customer wins during the year. It was also the third consecutive quarter of earnings growth."
"Following a lengthy period of declining revenue and operating losses, SMTC reversed this trend in 2005 showing significant improvement across all metrics," stated Jane Todd, Senior Vice President and Chief Financial Officer. "Our annual performance in 2005 reflects somewhat lower results than 2004, the result of higher but declining revenue in the first two quarters of 2004".
For the fiscal year ended December 31, 2005, the Company reported revenue of $228.8 million and a net loss of $0.1 million, or $0.01 per share. This compares with revenue of $244.6 million and net income of $0.6 million, or $0.05 per share, for the fiscal year ended December 31, 2004.
Gross profit for the fourth quarter of 2005 was $4.9 million, or 8.4% of revenue, compared with $5.5 million or 8.5% of revenue for the previous quarter and $1.5 million, or 3.1% of revenue, for the fourth quarter of 2004. Gross profit for the fourth quarter of 2004 includes net restructuring and other charges of $0.6 million, or 1.3% of revenue.
In the fourth quarter of 2005, the Company applied the $7.0 million in cash generated from operations to reduce long-term debt and capital lease obligations by $6.8 million and invested $0.2 million in capital assets. Cash generated from operations for fiscal year 2005 was $8.4 million, compared to $5.1 million for fiscal year 2004. The amount outstanding under the Company's $40 million revolving credit facility at December 31, 2005 was $2.0 million compared with $8.1 million at October 2, 2005 and $4.3 million at December 31, 2004.
"We anticipate that 2006 will be a year of growth in both revenue and earnings. However, given the unpredictability of customer order patterns that can affect quarterly results, we intend to provide annual directional guidance only that will be updated on a quarterly basis," stated John Caldwell, President and Chief Executive Officer.
-------------------------------------------------------------------------
(1) Expressed in U.S. dollars
-------------------------------------------------------------------------
About the Company: SMTC Corporation is a global provider of advanced electronic manufacturing services. The Company's electronics manufacturing centers are located in; Boston, Massachusetts; San Jose, California; Toronto, Canada; and Chihuahua, Mexico with a third party facility in Chang An, China. SMTC offers technology companies and electronics OEMs a full range of value- added services. SMTC supports the requirements of a growing, diversified OEM customer base primarily within the industrial, networking, communications and computing markets. SMTC is a public company incorporated in Delaware with its shares traded on the Nasdaq National Market System under the symbol SMTX and on The Toronto Stock Exchange under the symbol SMX. Visit SMTC's web site, www.smtc.com, for more information about the Company.
Note for Investors: The statements contained in this release that are not purely historical are forward-looking statements which involve risk and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These statements may be identified by their use of forward-looking terminology such as "believes", "expect", "may", "should", "would", "will", "intends", "plans", "estimates", "anticipates" and similar words, and include, but are not limited to, statements regarding the expectations, intentions or strategies of SMTC Corporation. For these statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the Private Securities Litigation Reform Act of 1995. Risks and uncertainties that may cause future results to differ from forward-looking statements include the challenges of managing quickly expanding operations and integrating acquired companies, fluctuations in demand for customers' products and changes in customers' product sources, competition in the EMS industry, component shortages, and others discussed in the Company's most recent filings with securities regulators in the United States and Canada. The forward-looking statements contained in this release are made as of the date hereof and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.
Company Financials To Follow
SMTC CORPORATION
Consolidated Unaudited Statements of Earnings (Loss)
(US dollars, in thousands, except share and per share data)
Three months ended Year ended
December 31, December 31,
2005 2004 2005 2004
------------------------- -------------------------
Revenue $ 58,061 $ 48,018 $ 228,766 $ 244,596
Cost of sales 53,155 46,508 211,619 221,563
------------ ------------ ------------ ------------
Gross profit 4,906 1,510 17,147 23,033
Selling, general
and administrative
expenses 2,908 3,576 13,139 16,037
Amortization - - - 2,330
Restructuring charges
(reversals) 20 526 87 (142)
------------ ------------ ------------ ------------
Operating earnings
(loss) 1,978 (2,592) 3,921 4,808
Interest 1,190 966 4,589 4,521
------------ ------------ ------------ ------------
Earnings (loss)
before income taxes
and discontinued
operations 788 (3,558) (668) 287
Income tax expense
(recovery) (629) (362) (556) 506
------------ ------------ ------------ ------------
Earnings (loss) from
continuing operations 1,417 (3,196) (112) (219)
Earnings from
discontinued
operations - - - 837
------------ ------------ ------------ ------------
Net earnings (loss) $ 1,417 $ (3,196) $ (112) $ 618
------------ ------------ ------------ ------------
------------ ------------ ------------ ------------
Net earnings (loss)
per share:
Basic from
continuing
operations $ 0.10 $ (0.22) $ (0.01) $ (0.02)
Earnings from
discontinued
operations $ - $ - $ - $ 0.07
------------ ------------ ------------ ------------
Basic $ 0.10 $ (0.22) $ (0.01) $ 0.05
Diluted $ 0.10 $ (0.22) $ (0.01) $ 0.05
------------ ------------ ------------ ------------
------------ ------------ ------------ ------------
Weighted average
number of shares
outstanding:
Basic 14,641,345 14,641,345 14,641,345 10,943,763
Diluted 14,838,754 14,641,345 14,641,345 10,943,763
SMTC CORPORATION
Consolidated Balance Sheets
(US dollars, in thousands)
December 31, December 31,
2005 2004
------------ ------------
Accounts receivable $ 26,899 $ 23,856
Inventories 33,168 33,025
Prepaid expenses 1,698 1,702
------------ ------------
61,765 58,583
Capital assets 25,651 29,269
Other assets 2,010 4,729
Deferred income taxes 619 135
------------ ------------
$ 90,045 $ 92,716
------------ ------------
------------ ------------
Accounts payable $ 30,939 $ 25,943
Accrued liabilities 13,849 13,738
Income taxes payable 1,203 1,571
Current portion of long-term debt 4,633 3,800
Current portion of capital lease obligations 1,542 1,897
------------ ------------
52,166 46,949
Long-term debt 23,857 30,091
Capital lease obligations - 1,542
Shareholders' equity 14,022 14,134
------------ ------------
$ 90,045 $ 92,716
------------ ------------
------------ ------------
Waitedg...picked up VDSI and RWC today...got lucky on RWC, went up after my limit order was filled. Bought VDSI this afternoon at market when limit order didn't fill earlier today.
Is this a record for the slowest drilled well??? Are they using horses tied to a wooden wheel to turn the drill pipe???
News! Specialist Screws Jagman on Stop Loss Order...GLW,
Had a trailing stop loss on GLW of 10% (the stop adjusts automatically at 10% less than the stock's high)...Friday's action...tell me the NYSE Specialist for GLW didn't go after stop loss shares at the open to fill some big buys afterwards!!!
Crooked bassterds!!!! To top it off, Fidelity didn't email me the trade until Sunday!!! They probably took my shares!!! Moral of the story....options may be a better way to protect your $$$$$ rather than stop loss.
WTF does Allied Capital, a NYSE BDC company with P/E of 4.80,
EPS of 6.36 have to do with an OTC BDC stock selling scheme???
Cutting Corners...just tell me how many employees the investees have and their total annual salaries...while you are at it, find their other expenses too. Then show where AMEP has the figures broken down in its filings. Everything the investees own belong to AMEP including their expenses and liabilities.....AMEP is using the BDC to keep you from finding out the investees details. BTW, don't bother looking for the above, AMEP keeps it hidden.
The investees could have $5 million in revenues, pay themselves $5 million in salaries, and AMEP shows zero revs.....wake up, this has been set up to sell AMEP shares via the investees rather then an equity finance company that charges big fees to dump shares for companies. And all the investees' accounting is hidden by the BDC. Maybe AMEP's next filing will turn a lightbulb on over your head, but I doubt it.
ole vern...TINY is a real BDC which I have been thinking of buying....compare their operation to AMEP's.
rickguy...if CB is smart, and checks the message boards, he would make sure some revs made it from the investees to AMEP's income statement... It wouldn't take many $$$$'s to keep the pumpers happy and squelch the realists.
Cutting Corners...study up on "Net Asset Value"...that's what's missing in Slippery's post...
Bill Cara on GG, USGL.OB and Rob McEwen...
March 06, 2006
PDAC Day 2, Mon. Mar. 6 4:06 PM
By far the best presentation at PDAC I have attended this year was U.S. Gold (USGL BB). Maybe in addition to the quality of the material, there was the small item that US Gold just announced, which is that they have bid for not one or two but four listed gold companies simultaneously.
Now that's style.
This is Rob McEwen's return to the gold business after leaving Goldcorp (NYSE: GG and TSX: G). Yes, it was an excellent presentation. I think it can be seen at www.usgold.com.
If you get to see a video, I'm the bearded guy in the front row.
On my way to the session, I dropped by Goldfields (NYSE: GFI) exhibit, and the time was about 12:45 pm ET. You will know what I talked about if you have been following the gold market closely today.
I asked the three young ladies in the Goldfields booth why their stock had dropped -6 pct in the past hour. They didn't believe me.
After the shock and awe, Cheryl (the one in the photo I'll upload after I get back to my laptop tonight) showed me that positive Goldfields spirit, by saying: "But how about the past several months, huh?"
She has a point, but while GFI is still my favorite of the very large producers, I think it's time to switch out of the seniors and into the juniors and prospectors.
After I got to McEwen's suite (more photos), I chatted up Rob for several minutes, and he too was quite surprised at the hammering the gold market took at noon. In fact he was unaware because his company (USGL), as I said, had just put out a news release where he has bid for four small land holding companies in the rich Cortez Trend in Nevada.
And his stock had popped +11 pct on the news.
He said he now has $100 million personally committed to USGL, and he is still the largest shareholder in Goldcorp.
He told the audience he is happy to have left most of his capital with Goldcorp because he really likes the company, and the stock has doubled since he left. But, I suspect he will be selling and repositioning his portfolio into the juniors including USGL.
So, while there is no production, and there may never be, my advice is to back a winner -- a rich one who has put a $100 million chip on the table.
In any event I'll cover the stock in the future.
As to the many comments I received regarding the public perception that Rob McEwen is forecasting lower prices, let's say that may be for the consumption of day traders. He thinks we will see $850 gold by 2008.
I agree and will be raising my estimates this weekend.
Rob also believes that gold will rise in price significantly higher than $850 in the 2009-2010 period. Reading between the lines, I think he's talking $2,000 plus.
And there again I am going to agree with him. But to do some justice to that statement, I will put together my own assessment and pass it along this weekend.
Rob McEwen ran Goldcorp for 19 years. Gold is his life. He is, I think, the best gold analyst and price forecaster, and the best gold operator, bar none.
If you get into USGL stock, now or after a pullback in the broad market and the gold market, I don't think you will be disappointed. If you go to the USGold.com site, I think you will be impressed.
Last week the company raised $75 million in placements. So the balance sheet is strong. there is no debt. The stock will be liquid, and it will become heavily traded by institutions that are permitted to trade Bulletin Board stocks.
But it won't be a BB stock for long. I suspect he'll list on the NYSE at some point. With that land position, and the robust 400,000 foot drilling program (costing $25-30 million) over the next 2 years, I suspect they'll make a large discovery.
You never know there's gold until you find it, but USGL will be exclusively in Nevada. Why? Because, as McEwen explained, Nevada has more million plus oz deposits of gold than any place in the world.
And if Nevada was a country, it would rank third in the world in terms of gold resources.
So, McEwen knows that the best place to look for it is where it has already been discovered.
By the way, I learned something today -- actually I knew it, but hadn't thought much about it -- that is the reason I will be raising my gold price forecasts this weekend. More later.
And so the risk/reward ratio is now swinging significantly in favor of the juniors, which is why I will be spending much more time on them from this point forward. I have spotted quite a few this week already, but I need to gather the facts, mull it over, talk to a few people, and so forth, before I'd feel responsible giving you the recommendations.
Posted by Posted by Bill Cara on March 6, 2006 04:06:05 PM
I guess on this stock board I better use "Due Diligence" instead of DD or you guys will expect pictures.....
Do you have your excuses all prepared if nothing is announced within 10 days?? Remember the uplisting "soon"????