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I generally agree with your price predictions. WEGI seems to be the strongest of the group but even they have toxic financing to deal with. All of the others are diluting like crazy to raise capital because the lack of hurricanes is really hurting their business.
On the plus side though, I plan to load up on several of them this winter for next year's storm season.
I will take 80% any day on any stock. I can't believe that anyone would scoff at a stock only going up 80% in one day. Most americans in the stock market are happy with 10-12% annual returns. Don't let greed influence your investment decisions. I have lost many paper profits over the years because I was not satisfied with the 'puny' 20-40% returns only to see all of my gains wiped out in short order.
BUGS should be the big mover again next week with Felix on the way. That is why I bought several hundred thousand shares on Friday. It should be fun!
They better be busy, they have a large backlog of work. I expect that 60,000 sq ft won't be enough space to get it all done either. Fortunately they have 8 acres on which to expand. It is prine industrial real estate, right on I-10.
Now back to lurking............and dreaming of $$$$$$$$$$$.
No worries here, some of you are too concerned with every trade. I don't watch L2 but look at the 6-month chart and in that regard we are doing quite well.
It means nothing because they are not putting out any PRs on their activities. If we had some word on any contracts they are winning, new offices, etc, that would be a big help here. There is also the issue of uplisting which they are also silent about.
All I know is if a major (CAT 3+) storm hits anywhere on US soil we will run hard and those on the sidelines will have to chase it. I would rather hold and wait for the payday.
Brikk, great job in being the standard bearer on this stock. I believe that since we didn't rally much prior to this 10Q we should have a good sustained rise the rest of this week.
This is a long term hold for me and I also can't wait to see where we will be at the end of the year.
GLTY and God Bless!
I am sure glad that DPDW is my largest holding right now. There are so many positives with this company. IMO..We will be out of pennyland very soon and into multiple dollar territory. The offshore oil services sector has room for one more major player and I believe that we have found it. Everything is coming together. For me, this one is a long term hold.
Good luck to all and God Bless
It is hard for me to believe that a CAT 4 hurricane is bearing down on the Gulf of Mexico and we are at 17 cents! I think that there are two reasons for it. One, some of us, including me, got burned last year when no hurricanes threatened the U.S., and two, there appears to be selling into the rally. It's true that there has been some dilution since last year but NSMG should still run pretty hard when there is a very good probability that a MAJOR storm will hit Texas. Don't forget that the corporate office is in the Dallas area. Restoration crews can be mobilized very quickly to respond to any emergency.
When it gets in the gulf the storm news will be non-stop for us on the gulf coast.
Thanks Brikk, I am very excited about the potential upside here. So much so, that I have invested a large part of my portfolio on DPDW. I am in for the longer term, maybe 3-5 years. This is a story stock that we can look back on and say we were in at the begining.
brikk, The Dahlman Rose news was great but how many institutional investors will buy shares of an OTC stock? I think many will wait for the uplisting to a better exchange, which I fully expect considering the way things are progressing with Deep Down.
Nuzzi_boy, I think that you are correct that many investors bought in starting at 8 cents at the first of the year and many of them sold in the high .20's. I also feel that others on this board are correct when they say that there has been dilution. It has occured, but there are very few companies on the pinks/OTC that do not dilute. They do it to raise capital to pay the bills in a negative cash flow situation and to fund expansion. In NSMGs case it looks like both. They have some red ink but are also adding new offices and hiring employees in anticipation of a busy storm season. So it is not entirely a bad thing that they dilute.
Now all we need is a storm to appear and the share price will follow.
I think that the 2nd quarter numbers will open some eyes around the investing community. They will then see what a major player we are setting up to be. I read the bio on our new CFO, wow, he is the real deal. He was CEO,COO,CFO of Weatherford which is now a $6.5B company!
I am in both NSMG and WEGI and they should both double from the current share prices when a major hurricane forms. An easy triple or more if a Katrina-size storm appears. All of the folks that have sold over the last two months plus those that have been sitting on the sidelines both have dry powder just waiting for some 'cane action. I am very optimistic about this summer and am sitting tight.
I have played various stock sectors over the years but the storm plays in my optinion are the most consistent of any of them. Katrina was a wake up call to all investors that there is money to be made on these plays.
"Mid-Gulf water temp 90 degrees hit yesterday, overnight went down a little, but the pea-soup weather is causing massive thunderstorms over the entire gulf coast states..."
Cargo_hauler, yeah, tell me about it. We have been having thunderstorms here almost every day for the past month in Houston. I Hope that a hurricane does not come here as the ground is already saturated. Things are definitely heating up in the tropics. Tropical storm expected in a couple of days. Watch the waves coming off of Africa. If the wind shear would lighten up we could have a storm any day.
Yes, two important things that they left out of the PR are who the customer is and the dollar value of the contract. Without those the PR is almost worthless. That is why not much action today. Investors want specifics. Show me the money!
Yes, big news for BUGS but why didn't the stock price reflect the news?
Yeah, it is called DILUTION. When they stop selling it will bounce back up.
"Apparently the company told the pumpers to stop pumping long enough for a shake out to allow someone to accumulate, so I notice OBV is staring to rise, accum-dist looks decent, ultimate oscillator is in a positive divergence as is CMF."
Good, we need an upswing desperately. The interest in this one has really fallen off. Of course, they say that that is the time to load up when no one else wants it. I am holding onto my shares for a while.
I am not very worried. The dilution is already built into the price here. So is the first EC unit in England. All we need is for a positive acceptance of this first EC unit and orders for additional units will follow.
I believe this is a hurrican play as there could be oil spills when offshore rigs are damaged, especially if they happen in Mexico where BUGS has a strong presence.
Last year during hurricane season this went to .137! That is what keeps me in this stock, the potential upside is huge and IMO worth the risk.
GLTA
tothe, do not feel guilty about buying NSMG or DPDW. They both provide a very valuable service, NSMG rebuilding homes and DPDW rebuilding offshore oil production in the Gulf after storms. They need our investment to get more favorable terms for borrowing money to accomplish these tasks.
Also remember to use some of your profits to assist hurricane victims on your own.
Rich
I believe that it was just the top brass (CEO,etc) that moved to Texas from Illinois so not much cash outlay required. They probably did the move to be closer to the hurricane action on the Gulf coast without actually being on the Gulf coast. Dallas is far enough inland to be safe from hurricanes.
Broiler, I am in the red here but it is usually good for a pop to .015 every couple of weeks.
I live in Houston and plan on driving by their facility on I-10 this weekend. I am not going to poke around too much, just drive by and see how busy they are. I probably won't even take pictures unless I don't see anyone around. If they are busy somebody will probably be there even on a Saturday.
I am a new investor here and want to see the operation for myself.
Landshark, how can you read that graphic? Since most of us don't have the knowledge of weather that you do we just have to take your word for it. It looks more like a play from the Super bowl to me.
Keep up the good work.
Realfast, this is a roofing company, where margins are going to be low. Margins could go way higher this summer though if they could land some more 'blue tarp' contracts after a major hurricane.
Psycho, you should post the 2M share purchase on the Hurricane board.
I am loaded up and waiting for BUGS to sprout wings and takeoff. It seems to lag behind the other 'cane plays but its time will come................waiting impatiently.
2007 ADUDDELL INDUSTRIES, INC. is holding an Annual Meeting of Stockholders as follows:
MEETING DATE: June 12, 2007
For Holders as of: May 14, 2007
That was me brikk, and I totally agree, what does a penny or two matter at this point? I see many people wanting to get in at their price instead of paying the going rate...means that they could miss some action....
Hey Munchkin Man, just follow the yellow brick road and all of your troubles will be gone.
This BUGS news is good for shareholders...IMO. $17MM in projected revs for this year, potential and future acquisitions, investment bankers. Let's hope that in the near future they can finance growth and acquisitions from operating revenue and not equity financing.
Go BUGS!!!
I am surprised at the lack of interest here. ADDL has been one of the better storm plays over the last two years. Last year it went to 1.95 on no storms and they are, IMO, in a better position to capture a good share of the storm business than ever before. I got in this morning after reading their 10 big accomplishments list on their PR from April 2.
What other hurricane play can match this?
Stan Genega, Aduddell's President and CEO said, "2006 was a year of aggressive growth and positioning for Aduddell Industries. A few of our accomplishments for last year were:
Increased our corporate governance capability and effectiveness at the corporate level by hiring a C.E.O., C.F.O, Senior V.P. of Corporate Development, V.P. of Sales, V.P. of National Accounts and a V.P. of Human Resources, and a Corporate Controller.
Expanded our national accounts program and were awarded contracts with U.S Communities, Anheuser Busch, Quaker Oats, PepsiCo and 3M. The U.S. Communities account is a sole source award to our Roofing subsidiary and is estimated by U.S. Communities, based on their experience with past vendors, to exceed one hundred million dollars in revenue annually within three years.
Added another independent director to our board.
Purchased and integrated three new companies, with two more targeted in 2007.
Established two new operating units, one in Stuart Florida and the other in Minneapolis Minnesota and a corporate headquarters in Oklahoma City.
Established an exceptional marketing department and launched a comprehensive market and brand awareness campaign.
Increased our sales backlog from $2 million at December 31, 2005 to over $23 million at December 31, 2006.
Grew our Roofing business organically, by over 46% and increased revenue by over $6 million from our new Restoration subsidiary.
Opened a Metals division within our Roofing subsidiary as part of our expansion of product offering to encompass the total exterior envelope of the building.
Created our Enviro and Emergency Management subsidiary (E2MS), hired a President, and secured a number of pre event emergency response contracts in preparation for the next disaster. We have responded very effectively and profitably over the last fifteen years to disaster, but with our pre event contracts in place should achieve even greater results.
These ten accomplishments, which were part of our 2006 organic and external growth program, required a 2006 cash investment in excess of $7 million dollars. Even though they negatively impacted our earnings in 2006 we expect to begin realizing their potential return in 2007 and beyond. As we have communicated previously to the investment community, we have been developing a corporate infrastructure that we believe will support a base of $100 million in annual revenues. In order to facilitate that anticipated growth, we have put in place the corporate management, manpower, administrative support as well as operational facilities and equipment necessary to accommodate that growth. We believe that we now have in place the infrastructure to support our expected revenue growth in the coming years. At the same time, we believe we have been delivering on our promise of growing and diversifying our revenues."
"It is the intention of Aduddell Industries to continue our strong growth pattern. With the changes we have made in 2007 and with our focus on integration, operational efficiency and cost saving synergies, we believe that we are well on our way to accomplishing this goal profitably and building shareholder value for our stockholders."
Rhino, I like TELA. They have a low float and if the planned acquisition of Storm Depot materializes then we have another hurricane play to add to the list. Storm Depot plans to open 12 stores throughout Florida that deal exclusively with hurricane preparedness items like storm shutters. The first store is already open. It moves fast due to the low float, it was $4 last June (.20 now). It appears that they might have some dilution though. Do you have any DD for us, there isn't much info on the TELA board.
.30 here we come.............YIPEEEEEE!!!!!
The WEGI folks will be back. WEGI has stalled out and they will take their profits and load up here. Hey, come to think of it, that's what I did!
Wow, sure is quiet here. The calm before the storm(s)?
A little MM tree shaking going on to shake the weak hands. The strong are loading up for the next run. April should be a good month for our play here.