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I just discovered and bought some IAR a couple of days ago at $4.75. It looks very undervalued.
OT
I have built a dividend portfolio over the last several months taking advantage of the wholesale dumping of all high dividend payers because of the financial crisis.
Here is what I have bought.
TELOZ,PVX,AAV,AINV,MCGC,AHT,DCT,NCT,NRF,NLY,MMAB,TICC,IAR
IAR TABLE POUNDER
With Eik being on vacation why don't we all go over to his board and have a party?
IAR= Incredibly undervalued. Bought some this morning than went out. Its running pretty good so maybe a little pullback.
Spun off from VZ and fell off a cliff. There was a blurb on it in one of the newsletters this weekend.
There is no State Income Tax in FL which is great but they make up for it partially by having sky high property tax.
PMG.T
Bobwins as always thank you for the info. I never caught on when you guys were talking about it early in the year. I am also hearing good things.
I see the latest earnings release. Have you studied the company? Talked to managment? It was brought to my attention from someone who bought alot of the Petrobank awhile back and made a ton of $. PMG-T is 78% owned by them. Just starting to look at it.
Anybody have any info on PMG.T?
I just picked up 200,000 more. Looks like things are starting to roll based on this mornings news.
Just bought some ADY (Admiralty) in Australia. Bobwins thank you for the DD.
Whats the Canadian symbol for PZG?
I understand this is an error and PZG is talking tothe SEC about correcting it.
TGB flying. I have a big position. Should really peel alittle off but cant find anything I like better.
(COMTEX) B: Zynex Shows Increased February Orders ( M2 - 10 Meters )
B: Zynex Shows Increased February Orders ( M2 - 10 Meters )
Dublin, Mar 11, 2008 (M2 PRESSWIRE via COMTEX) --
Zynex Medical Holdings, a provider of pain management systems and
electrotherapy products for medical patients with functional
disability, announced an increase in its orders of 163 percent for
February of 2008 compared to the same month last year.
Thomas Sandgaard, CEO, said, "We are excited to see another all-time
record for our orders in February."
Zynex received 1,634 orders in February 2008 versus 621 orders twelve
months ago and 1,473 orders in January 2008. Zynex has not yet
finalized its results for the fourth quarter of 2007 and first quarter
of 2008, including the impact of increased orders. Zynex will state
these results in the Form 10-KSB for the 2007 full year and Form 10-Q
for the first quarter of 2008.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
((Distributed via M2 Communications Ltd - http://www.m2.com))
http://www.10meters.com
Comments on this story may be sent to newsdesk@closeupmedia.com
(C)2008 10Meters
*** end of story ***
TGB= Yep its a happy time owning allot of TGB.
Anybody have a connection to find that man that owns the 135 million shares? Maybe we can get something done through him.
Mytrack shows that SUTR is paying a 28 cent dividend quarterly. Is this correct?
I did take advantage of your constant harping on ZYNX. Bought just under a $1 awhile back. Thank you very much and keep up the good work.
Posted by: jaybird249
In reply to: None
Date:2/27/2008 1:36:14 AM
Post #of 64
SUTR DD SUMMARY:
SUTR:NASDAQ ($5.16) is a China steel company that is the most undervalued NASDAQ stock by every measure.
SUTR HIGHLIGHTS:
7 MM float
$1 ANNUALIZED EPS AFTER FEBRUARY EXPANSION. FAIR VALUE AT 15 FORWARD PE = $15
- 37M O/S SHARES
- $48M CASH
- Significant expansion coming on-stream at the end of February will increase revenues up to $700M and net income in excess of $1/share.
- 6 MO 2008 REVENUE $215M
- 6 MO 2008 NET INCOME $13.5M or 36c/SHARE
- Still under the radar because the company just started trading in the Nasdaq exchange in February 2008
- Roth Capital has a current research note stating that they believe the company should be trading at least at a P/E of 14 or twice today's prices. Roth believes that margins, revenue, and net income will increase in upcoming quarters.
From 2/14/2008......Second Fiscal Quarter 2008 Financial Highlights:
-- Total net revenues increased 46.15 % over the second fiscal quarter 2007 to US$114.89 million
-- Net income increased 49.8% over the second fiscal quarter of 2007 to US$6.69 million
-- Fully-diluted earnings per common share for the second fiscal quarter 2008 was US$0.18, compared to US$0.14 for the second fiscal quarter 2007
THE COMPANY ALSO REPORTED THAT A SIGNIFICANT EXPANSION IS COMING ONLINE THIS MONTH.
Vertical Integration Plan Phase II
.." The Company is on track to complete its vertical integration process and expects its zinc & aluminum galvanizing steel production system, which could operate both hot-rolled and cold-rolled coils, with a designed annual manufacturing capacity of 400,000 metric tons to become operational by the end of February 2008..."
OK....so what do we have here??.....An unknown chinese steel maker trading at a PE of less than 7 about to increase revenues by about $310M/year with the new production coming on-stream. The new production will increase net income to about $1.2 - $1.4/share.
You would think that it should be trading above $20 right now right? Well, I think it will once it gets discovered.
This is an amazing ground floor opportunity. Do your DD and you will agree with me.
CPSL, for instance, is a midget compared to SUTR in terms of revenues, net income, and growth potential yet it traded above $12 recently. And even after its recent collapse, CPSL still has a larger market cap than SUTR.
SUTR will most surely become a darling of Wall Street once the word goes around. Liquidity will increase exponentially just like other profitable growing chinese stocks like BIDU, CPSL, and the dozens of solar companies. Looking at the fundamentals there are few that match SUTR's explosive potential because it is virtually unknown, and because the float is only 7M shares.
ABOUT SUTR:
Sutor Technology Group Limited (Nasdaq: SUTR), through its subsidiaries, engages in the manufacture and sale of steel finishing fabrication products in the People's Republic of China.
Its products include high-end hot-dip galvanized steel (HDG Steel) for use in electrical household appliance and construction materials; prepainted galvanized steel for use in construction materials, and parts and casings of electronic household appliances; acid pickled steel, which is used as a raw material for cold-rolled steel strip and HDG Steel, as well as components of automobile and manufacturing equipment; and hard cold-rolled steel strips used to produce HDG of cold-rolled steel.
In addition, the company provides sewage treatment services to the other manufacturing plants and households in Dong Bang. Its customers include manufacturers of electrical household appliances construction steel suppliers; and manufacturers of automobiles, ships, and other large equipments. Sutor Technology Group also exports its products to Europe, the United States, South Africa, south Asia, and southeastern Asia. The company is based in Changshu, the People's Republic of China.
I bought some today for first time after watching it for months.
Why do you think $20?
I called the breakout on the CXG yesterday. Hey I get it right once in a while.
By the way I have had the majority of my PM stocks hitting new highs or breaking downtrend lines to the upside over the last few weeks and days. I think we are going to see a nice rally here in the big caps mid caps and some of the small caps.
Eik it really amazes me how allot of these high dividend stocks have been pummeled even if they have nothing to do with sub prime mtgs.
I have been accumulating these for months on the panics. Have bought (TELOZ,PVX,AAV,AINV,MCGC,AHT,DCT,NCT,NRF,NLY,QCC) almost all of which are up from where I bought them not including the 4% to 15% dividends they are throwing off.
After looking at a number of metals stocks I own I notice that a number have broken above downtrend lines over the last several days. (TGB,GG,AUY,ANV,CXZ) A number of others broke up within the last few weeks. (BHP,MGN,HBMFF,PZG) I think we may be setting up for a nice run.
CXZ
If anyone cares CXZ is breaking above its downtrend line on descent volume. I care because I bought some today.
Im generally not around a long time either but 5 years ago I could just see what was going to happen with the metals and currencies and have never felt antsy to get out or play games. I wish I could find another bull market that was this self evident to me but have not found another for a long time.
Absolutely we could get a pullback or long side wise move. They have generally lasted about a year and than on to new highs.
I just don't want to lose my position at this point because I think the metal have a long way to go before the ultimit top for this cycle.
Eik I have had a large Gold position for 5 years. Have seen lots of guys tying to micromanage and figure out reasons to sell or trade. Mean while I have just held a large metals stock position for years and made a ton more money than the micromanagers. Its not because I am smart (I can assure you I am not) just old enough to have patience when I spot a bull market. There have been large corrections and brutal downtrends but Gold continues to make new highs. I guess if someone thinks this guy has a point than switching from the stocks to physical Gold would work but once again than you have to know when to switch back and maybe you are paying short term capital gains instead of long term.
As one of the great traders (JL) said. It was never my trading that made me the big money. It was my sitting and waiting.
Bobwins I love Ian T. I bought WHT many years ago and still own about 40% of my original position in the form of GG up 1200%. Also bought SLW a few years back and sold for a multiple of my original investment.
ANV: Just picked up some ANV at $5. Made good money a few months back in it and now it has come way down and is breaking the downtrend line to the upside.
Sold my CGR which was doing nothing and moved the money into the ANV.
My 3 Favorites right now:
TGB
PZG
NAK
Any speculation as to what NAK might be worth in a buyout?
WOW 2c I forgot what it was like to read your cryptic posts. I guess I better hire another interpreter. Hope all is well with you in whatever you are working on.
GOLD
Any update on TMY Vic?
THREE table pounders HIMX, GFRE, CAGC.
HIMX
(COMTEX) B: Himax Reports Fourth Quarter 2007 Results ( PrimeNewswir=1
B: Himax Reports Fourth Quarter 2007 Results ( PrimeNewswir=1
* Fourth quarter 2007 revenues increased to $267.1 million, Feb 13, 2008
(PrimeNewswire via COMTEX) --
record
high since inception
* Fourth quarter 2007 gross margin increased to 24.7% -- marks fifth
consecutive quarter of improvement
TAINAN, Taiwan, Feb. 13, 2008 (PRIME NEWSWIRE) -- Himax Technologies, Inc.
("Himax" or "Company") (Nasdaq: HIMX) today reported financial results for
the fourth quarter ended December 31, 2007.
Net revenues for the fourth quarter of 2007 was $267.1 million, representing
20.9% growth year-over-year and 9.8% growth sequentially.
Gross margin was 24.7% in the fourth quarter of 2007, up 580 basis points
year-over-year and 220 basis points sequentially.
Operating margin was 15.9% in the fourth quarter of 2007. Operating income
was $42.4 million, up from $22.3 million in the same period last year, and up
from $19.9 million in the previous quarter.
Net income for the fourth quarter of 2007 was $46.1 million, up from $31.1
million in the same period last year, and up from $21.8 million in the
previous quarter. This represents earnings per diluted share of $0.23,
compared to $0.16 in the fourth quarter of 2006, and $0.11 in the third
quarter of 2007.
Excluding share-based compensation and acquisition-related charges, non-GAAP
operating margin was 16.6% in the fourth quarter of 2007. Non-GAAP operating
income was $44.4 million, up from $23.8 million in the same period last year,
and up from $36.2 million in the previous quarter.
Non-GAAP net income was $48.1 million, up from $32.6 million in the same
period last year, and up from $38.0 million in the previous quarter. This
represents earnings per diluted share of $0.24, compared to $0.16 in the
fourth quarter of 2006, and $0.19 in the third quarter of 2007.
Share-based compensation was $1.6 million, compared to $1.5 million in the
fourth quarter of 2006, and $15.7 million in the third quarter of 2007.
Acquisition-related charges were $0.5 million, compared to $18 thousand in
the fourth quarter of 2006 and $0.6 million in the third quarter of 2007.
Reconciliation of gross margin, operating margin and diluted EPS excluding
share-based compensation and acquisition-related charges, a non-GAAP
financial measure, to GAAP gross margin, GAAP operating margin and diluted
GAAP EPS, most comparable GAAP figure, is set out in the attached
reconciliation schedule.
Jordan Wu, President and Chief Executive Officer of Himax, commented, "We
have concluded another remarkable quarter with revenue, net income, and EPS
all achieving record-high levels. Also, our fourth quarter revenue, gross
margin, and EPS all came in higher than our previous guidance. As always, we
introduced innovative and leading-edge display driver solutions in the past
quarter which again illustrates Himax's capability in setting new industry
standards and providing value to our customers' development of new products."
Mr. Wu continued, "During the past few months, we also made a couple of
strategic moves in our non-driver IC areas where we formed business alliances
with leading players in the industry. We believe these moves will provide
significant values to our shareholders in the long term. In the beginning of
2008, Chi Mei Optoelectronics, one of the world's leading LCD panel
manufacturers, and TPV Technologies Limited, the world's largest LCD monitor
manufacturer and the world's largest LCD TV ODM, each took a minority
ownership stake in Himax Media Solutions, a subsidiary of Himax.
Additionally, we announced a strategic alliance with 3M, one of the world's
leading companies in optics technologies, to commercialize LCOS mobile
projectors by combining the two companies' proprietary technologies to
deliver a complete mobile projector solution to consumer electronics
manufacturers. These strategic alignments will provide Himax added
competitive strength and further validate our strategy in the non-driver
space."
Looking forward, Mr. Wu added, "In 2008, display driver IC will continue to
be our main business, for which our primary goal is still to gain further
market share across all LCD panel applications. In addition, we remain fully
committed to making Himax a world-leading semiconductor solution provider for
displays with a more diversified product portfolio beyond driver IC. Overall,
we expect revenues to decline sequentially in the first quarter of 2008,
primarily due to seasonality. We expect revenues to decline by around 15% and
gross margin to remain flat or decline slightly. We expect diluted GAAP EPS
to be in the range of $0.13-$0.15."
EIK keep doing what you do best. You are in the top 1% of posters on Ihub for your DD and analysis.
By the way once you get done with the pinks there are a few other boards here which are really good for small caps that are real companies. The boards are Value Microcaps, Junior Energy and Junior Miners.
By the way I own NWOG, AURC and HMGP and am done with the pinks also.
Have made alot of money in the metals and commodities over the last 5 years and these pinks are just a pain in the ass but
they do provide nice tax losses. Luckily I made allot last year in NNRI which covered my adventures into NWOG, AURC and HMGP.
TGB is one of my largest metals positions and you will not get it from me unless you pry it from my cold dead hands or it is a whole lot higher in share price. I started buying around $2.
I feel the same way in regards to PZG and a few others.
Kipp I have owned it (PZG) for a long time and recently increased my position. Everything I have read makes me believe this is a real sleeper with big upside. Reminds me of when I bought the AUY a few years back for $2.25.
Eik thank you very much as always for the information.