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XPO ($1.48; +5.71%) taking a stab at another 52wk high; earnings due Feb 22nd.
Delta Air Lines takes another step to exiting Chapter 11
Marketwatch - January 30, 2007 2:57 PM ET
NEW YORK (MarketWatch) -- Delta Air Lines Inc. said Tuesday it was set to pay off its debtor loans acquired during bankruptcy, replacing them with $2.5 billion in funds as it takes another step to emerging as an independent carrier.
An unofficial group of creditors, meanwhile, has asked that Delta (DALRQ) postpone any further bankruptcy court progress until the carrier reviews a reportedly higher buyout offer from U.S. Airways Group Inc. (LCC)
For now, the U.S. Airways stock-and-cash bid stands at about $10.2 billion, though the Tempe, Ariz., carrier has reportedly offered up to $1 billion more in cash to sway creditors to urge Delta to consider a merger.
Delta's unsecured creditors would receive $5 billion in cash and 89.5 million shares of U.S. Airways stock. Delta has steadfastly rejected U.S. Air's overtures.
"Delta has made enormous progress over the past 16 months in transforming the airline into a strong, healthy, and vibrant competitor," said Delta's Chief Financial Officer Edward Bastian.
The unofficial committee is asking the official creditors to pressure Delta to postpone for 30 days a hearing on the disclosure statement for its bankruptcy exit plan. That hearing is set for Feb. 7 in the U.S. Bankruptcy Court in New York.
"Maybe the creditors will convince the company to take a harder look at the U.S. Air proposal," said Roger King, an airline analyst with CreditSights. The official creditors committee is not necessarily representative of the total population of unsecured claim holders, he added. "It's probably pretty clear that a lot of the claims have transferred into the hands of financial investors."
U.S. Airways said the offer provides Delta's unsecured creditors between $12.7 billion and $15.4 billion in value. Delta said its stand-alone plan values the company at $9.4 billion to $12 billion.
Delta's $2.5 billion in exit financing is backed by investment banks J.P. Morgan, Goldman Sachs & Co., Merrill Lynch, Lehman Brothers, UBS, and Barclays Capital.
The package consists of a $1 billion revolving credit facility and $1.5 billion in term loans. Delta will use the proceeds from the facility to repay its $2.1 billion debtor-in-possession credit facilities led by GE Capital, a unit of General Electric Co. and American Express to make other bankruptcy-exit payments and to add to its cash balance.
A spokeswoman said that as of Jan. 16, the ad hoc committee of creditors represented $2.3 billion in claims.
"Given the magnitude of creditor support for a complete evaluation of the U.S. Airways proposal, the official creditors' committee should take these reasonable steps so that creditors may have an opportunity to decide for themselves whether they prefer a merger alternative or standalone reorganization," according to the ad hoc group's statement.
Doug Parker, the chief executive of U.S. Airways, which Tuesday reported a quarterly and yearly from year-ago losses, said the next move was up to the official creditors committee.
"We have given a deadline of February 1st [to] the official committee," Parker said in a conference call with analysts. "They know exactly what they have to do and they know if they don't do it, our proposal is gone.... If this committee is not willing to do what it should do for the people it represents -- people that have been defaulted upon by Delta management, that we're trying to get back at least as much of their money as we can to them -- if they aren't willing to do that for those investors, we're not willing to pursue this transaction any more."
U.S. Air shares fell in afternoon trade Tuesday by 4% to $52.26. See full story on U.S. Airways Group earnings.
XPO creeping up....pretty chart:
MKRS News on website: http://www.mikros.us./whatsnew.htm
January 16, 2007 - Mikros Completes First Set of Testing Aboard USS SAN JACINTO
Mikros is pleased to report that it has completed its first set of ADEPT® field trials aboard the USS SAN JACINTO, CG-56. The SAN JACINTO was recently in a Norfolk, VA shipyard undergoing what is termed an Extended Dry-docking Selected Restricted Availability (EDSRA), a refurbishment and upgrading of ship systems. Beginning in November 2006, Mikros personnel spent a total of six weeks on board using ADEPT and working side by side with the sailors to aid in the alignment and tuning of the SPY-1A system. The ADEPT performed well and two units were left aboard for continuing ship use and future testing. Controlled, land-based "metrics" testing is scheduled to begin later this month at the new SPY-1A Test Facility at Lockheed Martin in Moorestown, New Jersey.
XPO record volume day....up 0.09 (7.20%) to $1.34...included a 600k block buy
MKRS: From today's press release:
The U.S. Navy and Mikros are actively using the ADEPT(TM) equipment on an Aegis cruiser which is being prepared for deployment. This testing and grooming of the ship's radar has been continuing for over three weeks and will continue for at least another week. The data collection is documented each day and a summary will be presented to the U.S. Navy customer shortly. Additional land-based testing is anticipated to be performed at the Lockheed Martin, Moorestown, New Jersey SPY-1 radar test facility in December 2006.
Full press release: biz.yahoo.com/prnews/061206/phw042.html?.v=66
Bobwins: MKRS - I believe the runup is in anticipation of sea trials news and a possible Navy order with regards to their ADEPT product. Since Mikros has been very tightlipped with news, it's hard to know exactly how far they have come, but expectations have been building for some time now. You can read up on them at the web site - www.mikros.us - or read the extensive posts at RB (one of the few boards there worth reading). The stock appears to be held in strong hands, so a significant move up is possible.
KR
bbotc: I agree, but it's hard not to get excited with the current 45% move up....we're in unchartered territory here with regards to recent history....I'm expecting a much higher value in the not too distant future....would like to see my 2-bagger become a 10-bagger....see Len for x-bagger definitions
bigpike: MKRS...the trade of the year? Breaking out?
MKRS - Looking like a breakout...printing $0.40
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=mkrs&sid=0&o_symb=mkrs&f...
bbotcs:MKRS - it's one of the few boards on RB worth reading:
http://ragingbull.quote.com/mboard/boards.cgi?board=MKRS
MKRS...new 52-wk high...$0.35....this one might be ready for blast off. See RagingBull board for intelligent and extensive coverage.
r59:CHID - Looks like you got your fill.
10.2M
Who is this guy (tiger3 that is)? I thought we got rid of him?
The Latest from The Microcap Speculator
Not Giving Up on Global Aircraft Solutions (GACF.O...
Posted: 20 Nov 2006 10:57 PM CST
By any measure, Global Aircraft Solutions' (GACF.OB) (articles) third quarter report was disappointing. Revenue declined 22% from second quarter 2006 to $7.9 million, net profits before taxes declined 75% from the prior sequential quarter, and EBITDA slid 56% to $770,580. The only thing not dropping was expenses--capital expenditures for the quarter rose to $307,132 from $27,140 in the second quarter 2006.
Nonetheless, I am holding on to my shares for another quarter. The company gave investors every reason to believe it will close the year on a strong note:
Four large maintenance checks scheduled for the third quarter were deferred into the fourth quarter by three separate customers: (1) a"C" check on an Avolar plane; (2) a maintenance check for a 737 in the Mexican presidential fleet; and (3)-(4) two "D" checks for BCI Aircraft Leasing. Avolar's maintenance extension expires mid-November and the aircraft will be put into maintenance at Hamilton Aerospace immediately at that time. The Mexican Presidential fleet 737 was input for maintenance at Hamilton late in October, and last week, both BCI aircraft due "D" checks were delivered to the Hamilton facility.
Collectively, these maintenance contracts represent over $2.9 million in anticipated revenue and over $435,000 in gross profit for Hamilton Aerospace and World Jet postponed to the fourth quarter.
In the third quarter, the Company incurred a one-time interest charge of approximately $250,000 for a deposit made to a Middle Eastern national carrier in a bid to acquire eleven wide-body aircraft and associated spare parts.
On November 17, 2006, the Company announced four additional maintenance, modification, and parts contracts valued at $4 million. President John Sawyer stated that the four contracts brought the company up to "full capacity."
GACF could be an unrecognized beneficiary of the US Air bid for Delta. According to the third quarter release, GACF's 30%-owned subsidiary, JetGlobal, has filed a $51 million claim against Delta's bankruptcy estate, joining a long line of unsecured creditors. By my calculations the part of that bid attributable to GACF is a little over $16 million. If the claim is not disputed, and US Air pays out 50 cents on the dollar as has been reported, then GACF could receive a windfall of up to $8 million (probably half in cash, half in US Air stock).
DISCLOSURE: I am long GACF.OB. I have no position in US Air or Delta. Not a recommendation to buy or sell any security. For informational and educational purposes only.
Mike - Thanks. I would be interested to hear what their response is.
KR
MKRS breaking out?...printing $0.31...
Printing $1.04....recovering nicely....while it would have been nice to play the drop below a buck, I'm glad I held on to my shares....conf call sounds promising based on Mike's feedback (Mike - thanks for summarizing)...I'll listen to replay when I have some free time.
KR
CHID tops 3M shares traded...up 22%
T - I agree. I don't see these delays as major issues (other than the obvious earnings disappointment for Q)....fully expect the revs to show up in Q4. Viewing this as a buying opportunity. Will be listening to conf call on Friday. I'll post my take.
KR
Earnings out
http://biz.yahoo.com/bw/061115/20061115005379.html?.v=1
Press Release Source: Global Aircraft Solutions, Inc.
Global Aircraft Solutions, Inc. (GACF) Announces Third Quarter Financial Results
Wednesday November 15, 8:00 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--Global Aircraft Solutions, Inc. (OTCBB: GACF - News), an integrated aviation company engaged in aircraft trading and aircraft parts sales, and providing scheduled maintenance, repair and overhaul (MRO) services for commercial airlines, charter airlines and aviation leasing companies, today announced financial results for the third quarter 2006.
Revenue for the third quarter 2006 was $7.9 million, a 22% decrease compared to the $10.2 million reported for the second quarter of 2006. The Company reported net profit before taxes of $358,728 (4.5%) for the quarter versus $1,443,926 (14.2%) for the second quarter 2006, a decrease of 75%. EBITDA decreased 56% from $1,767,412 in the second quarter 2006 to $770,580 in the third quarter 2006. Capital expenditures for the quarter were $307,132 compared to $27,140 in the second quarter 2006.
The lower revenue and profit numbers for the third quarter were due to an unusual set of circumstances wherein a total of four large maintenance checks scheduled for the quarter were deferred into the fourth quarter by three separate customers. Specifically, Avolar was able to obtain a ten-week deferral from its Mexican regulatory agency on a "C" check originally scheduled for September 1st. Similarly, the Mexican Government decided to delay the input of a 737 scheduled for a maintenance check awarded under a contract that Hamilton Aerospace has for their Presidential fleet. Finally, due to closing delays with its customer, BCI Aircraft Leasing deferred the input of two 737 "D" checks.
Avolar's maintenance extension expires mid-November and the aircraft will be put into maintenance at Hamilton Aerospace immediately at that time. The Mexican Presidential fleet 737 was input for maintenance at Hamilton late in October, and last week, both BCI aircraft due "D" checks were delivered to the Hamilton facility.
Collectively, these maintenance contracts represent over $2.9 million in anticipated revenue and over $435,000 in gross profit for Hamilton Aerospace and World Jet postponed to the fourth quarter. Also, the Company incurred a one-time interest charge of approximately $250,000 for a deposit made to a Middle Eastern national carrier in a bid to acquire, at an attractive price, eleven wide-body aircraft and associated spare parts. The Company is still pursuing this significant business opportunity, and may or may not be the successful bidder. In the absence of these one-time charges and events, the Company would have had pro-forma third quarter revenue of over $10 million and an after-tax net profit of over $1 million, which would have been consistent with the results anticipated by Management prior to the occurrence of these events.
While Management is disappointed by the financial results of the third quarter, in view of the work deferred into the fourth quarter and an upswing in our aircraft trading activities (as detailed below), we expect that the Company will reflect improvement in the fourth quarter and that net profit and earnings per share, year-over-year, in 2006 will exceed those of 2005.
In the third quarter, the Company's joint venture, JetGlobal, sold one 737-200, resulting in a net profit contribution of $315,000 to the Company's consolidated financial statement. As of this date, JetGlobal has sold an additional three aircraft from its portfolio in the fourth quarter, and has additional aircraft trading transactions pending that may or may not close before the end of the quarter. JetGlobal is now completing technical acceptance of twelve 737-200 aircraft that had been on lease to Delta. Management anticipates that the majority of these twelve recently returned leased aircraft will be sold or leased by JetGlobal by the end of the second quarter 2007.
JetGlobal has filed a claim of approximately $51 million against Delta in bankruptcy court. This claim consists of a computation of the dollar amount of the lease return provisions that JetGlobal claims were not met by Delta on thirty one 737-200 aircraft purchased out of the Delta fleet by JetGlobal. It should be noted possible nonperformance of the lease return provisions by Delta had already been considered by Management prior to its investment in JetGlobal, and consequently return provision shortfalls by Delta do not negatively affect any previously provided statements or analysis of the Company's investment in JetGlobal. By the same token, our shareholders are advised that while the terms of the operating agreement between the Company and JetGlobal specify that the Company is entitled to 30% of the proceeds of the claim made in Delta's bankruptcy, this claim may be disputed and, until such time as Delta successfully exits bankruptcy, it is unknown what percentage of the claim, if any, will be paid out to JetGlobal.
During the third quarter the Company appointed Phil Watkins Chief Operating Officer and Tina Longo as Vice President, Sales for World Jet. Prior to accepting these new positions, both these highly experienced individuals held key positions at Hamilton Aerospace. These changes were made as part of an effort to increase both the top and bottom line financial results of World Jet and to more closely integrate World Jet's processes and procedures with those of Hamilton Aerospace. As part of this effort, the Company is also consolidating the World Jet inventory into the warehouse adjacent to the Hamilton facility, has moved World Jet's sales and administration into the administrative offices at Hamilton Aerospace, and has eliminated five redundant executive positions. This consolidation of the administrative offices, warehouses, and staff positions at World Jet and Hamilton Aerospace, together with the implementation of new internal control procedures is expected to improve the operating efficiency of both Hamilton and World Jet, while reducing Company's annual expenses by approximately $500,000.
This restructuring of World Jet resulted in a decrease in revenue for World Jet in the third quarter due to temporary disruptions in operations, but has already resulted in an increase in gross profit margins from 24% in the second quarter to 30% in the third quarter. Management believes that the restructuring and consolidation steps taken with regard to World Jet will result in improved top and bottom line contributions by World Jet to our consolidated statements in 2007 and beyond.
The Company continues to successfully grow its business relationship with Avolar. At this time Management believes that Avolar will have eleven aircraft in operation by year-end. Avolar has announced that it intends to have twenty-two aircraft in operation by the end of 2007, and recently announced the purchase of twenty new aircraft from Boeing, with delivery of the first of these new aircraft starting in 2008.
Last quarter the Company announced that it intended to initiate a suit to recover $686,710 in direct costs plus additional expenses from the freight company involved in the damage of an engine during shipping. This lawsuit has been formally filed and is ongoing with the parties currently engaged in discovery.
GACF Chairman Ian Herman commented, "As we have explained previously, the relatively large size of individual contracts and the fact the we cannot book aircraft sales until a given aircraft is delivered, does cause some 'lumpiness' in our financial results from time to time. In the case of this last quarter, some unanticipated delays in closing some large transactions have had the effect of deferring revenues into the fourth quarter. Although occasional quarter-to-quarter unevenness is part of the nature of our business, it in no way affects the overall soundness of our business plan. We fully expect to show strong year-over-year improvement from 2005 to 2006 and to continue to show strong year-over-year growth for the foreseeable future."
GAFC President John Sawyer added, "I am very proud of the dedication and cooperation shown by our management and direct labor staff to control costs and still generate a profit in the face of an unusual number of customer-driven production delays during this last quarter. Our current sizable backlog of work should insulate us from the effects of any other customer-driven delays we might encounter in the foreseeable future. This strong backlog, together with the continuing success of Avolar, the growth in our aircraft trading activities, and the restructuring of World Jet should provide a good foundation for the continued growth and success of Global Aircraft Solutions."
Conference Call Reminder
The conference call will take place at 11:00 a.m. Eastern, on Friday, Nov. 17, 2006. Anyone interested in participating should call 888-603-6873 if calling within the United States, or 973-582-2706 if calling internationally approximately five to 10 minutes prior to 11:00 a.m. There will be a playback available until November 24, 2006. To listen to the playback, please call 877-519-4471 if calling within the United States or 973-341-3080 if calling internationally. Please use pass code 8104584 for the replay.
About Global Aircraft Solutions -
Global Aircraft Solutions provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace and World Jet, both divisions of Global Aircraft Solutions, operate from adjacent facilities comprising about 35 acres located at Tucson International Airport. These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include debis AirFinance, BCI Aircraft Leasing, Falcon Air Express, Jetran International, Goodrich Corporation, AAR, National Jet Systems, San Antonio Aerospace, Pegasus Aviation, Shaheen Airlines, Iraqi Airways, and Aero California.
Global's website is located at www.globalaircraftsolutions.com. The Hamilton Aerospace website is located at www.hamaerotech.com.
Except for the historical information presented, this press release contains "forward-looking statements" made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 or regulations thereunder including, but not limited to expected and estimated revenue and earnings. Forward-looking statements are made based upon management's expectations and belief concerning future developments and their potential effect upon the Company. There can be no assurance that future developments will be in accordance with management's expectations or that the effect of future developments on the Company will be those anticipated by management.
The words "believes," "expects," "intends," "plans," "anticipates," "hopes," "likely," "will," and similar expressions identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company or its subsidiaries or industry results, to differ materially from future results, performance or achievements expressed or implied by such forward-looking statements. These risks include the economic health of the airline industry, demand for Global Aircraft Solutions' services, and competitive pricing pressures.
In addition, other risks are detailed in Global's Form 10-KSB for the year ended December 31, 2005, Global's Form 10-Q for the quarter ended March 31, 2006, Global's 10-Q for the quarter ended June 30, 2006 and Global's From 10-Q for the quarter ended September 30, 2006. These statements speak only as of above date, and Global disclaims any intent or obligation to update them.
GLOBAL AIRCRAFT SOLUTIONS, INC.
Condensed Consolidated Balance Sheet
December 31, 2005 and September 30, 2006
ASSETS
2006 2005
(unaudited) (audited)
Dollars Dollars
----------- -----------
CURRENT ASSETS
Cash and cash equivalents 1,143,010 368,013
Accounts receivable 7,853,027 4,993,138
Costs and estimated earnings in excess of
billings on contracts in progress 1,303,634
Note receivable 593,850 1,997,868
Inventory, net of allowance for slow-moving and
obsolete inventory 7,993,603 8,767,435
Restricted funds 98,500 98,500
Other current assets 136,240 304,987
----------- -----------
TOTAL CURRENT ASSETS 19,121,864 16,529,941
Property, plant and equipment 1,613,332 1,642,141
Investment 25,000 25,000
Equity in net assets of and advances to
affiliates 8,311,674 6,333,690
Customer list, net 33,472 133,886
Agreement with vendor, net 7,123 28,490
Goodwill 38,992 38,992
Deferred income taxes 130,000 130,000
Other assets 227,982 192,481
----------- -----------
TOTAL ASSETS 29,509,439 25,054,621
=========== ===========
The accompanying notes included in the Form 10-QSB for the quarter
ending September 30, 2006, but not attached hereto in this press
release, are an integral part of these condensed consolidated
financial statements.
GLOBAL AIRCRAFT SOLUTIONS, INC.
Condensed Consolidated Balance Sheet
December 31, 2005 and September 30, 2006
LIABILITIES AND STOCKHOLDERS' EQUITY
2006 2005
(unaudited) (audited)
Dollars Dollars
----------- -----------
CURRENT LIABILITIES
Notes payable - short term 5,335,985 2,564,739
Accounts payable - trade 4,315,448 7,181,397
Customer deposits
Billings in excess of costs and estimated
earnings on contracts in progress 23,458
Customer deposits 50,000
Accrued liabilities 389,156 570,724
Income taxes payable 2,133,472 685,904
Commitments and contingencies
----------- -----------
TOTAL CURRENT LIABILITIES 12,224,061 11,026,222
LONG-TERM LIABILITIES
Capital lease obligations 277,225
----------- -----------
TOTAL LONG-TERM LIABILITIES 277,225
----------- -----------
TOTAL LIABILITIES 12,501,286 11,026,222
=========== ===========
STOCKHOLDERS' EQUITY
Common stock, $.001 par value, 100,000,000
shares authorized and 38,998,215 and
39,905,307 shares issued 2005 and 2006 and
38,618,215 and 39,525,307 shares outstanding
2005 and 2006. 39,905 38,998
Additional paid-in capital 12,449,830 11,904,683
Deferred compensation (58,250 ) (80,000 )
Contributed capital 620,289 620,289
Retained earnings 3,956,379 1,544,429
----------- -----------
TOTAL STOCKHOLDERS' EQUITY 17,008,153 14,028,399
=========== ===========
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 29,509,439 25,054,621
=========== ===========
The accompanying notes included in the Form 10-QSB for the quarter
ending September 30, 2006, but not attached hereto in this press
release, are an integral part of these condensed consolidated
financial statements.
GLOBAL AIRCRAFT SOLUTIONS, INC.
Condensed Consolidated Statement of Operations
For the Three Months and Nine Months ended September 30, 2005 and 2006
(unaudited)
Three Three Nine Nine
Months Months Months Months
Ended Ended Ended Ended
September September September September
30, 30, 30, 30,
2006 2005 2006 2005
Dollars Dollars Dollars Dollars
Net sales 7,904,355 15,462,146 29,611,729 32,943,760
Cost of sales (5,756,242) (12,165,322) (21,059,696) (24,839,649)
Inventory write down (55,208) (165,625)
Gross profit 2,148,113 3,241,616 8,552,033 7,938,486
Selling, general and
administrative
expense (1,996,139) (2,284,532) (5,797,873) (5,651,307)
Penalties (560) (11,731) (1,006)
Gain (loss) from
operations 151,414 957,084 2,742,429 2,286,173
Other income
(expense):
Interest income 12,613 55,487 67,338 259,506
Interest
expense (220,048) (53,762) (451,916) (358,153)
Discounts taken 3,779 (10,000) 3,779 7,715
Miscellaneous
expense (110) (116) (110)
Miscellaneous
income 95,970 5,810 114,575 99,727
Gain (loss) on
asset disposal (8,518)
Equity in
income of
unconsolidated
affiliates 315,000 1,238,121
Net profit (loss),
Before taxes 358,728 954,509 3,705,692 2,294,858
Estimated
taxes, State
and Federal (125,555) (293,266) (1,293,742) (293,356)
Net profit (loss),
After taxes 233,173 661,243 2,411,950 2,001,502
Net profit (loss)
per share, Basic
2006 3rd Qtr
39,277,321 shares,
Year to date
38,980,587 shares;
2005 3rd Qtr
35,460,775 shares,
Year to date
35,460,775 shares. 0.01 0.02 0.06 0.06
Net profit (loss)
per share, Fully
diluted 2006 3rd
Qtr 40,339,994
shares, Year to
date 40,248,919
shares; 2005 3rd
Qtr 38,167,627
shares, Year to
date 33,706,298
shares. 0.01 0.02 0.06 0.06
The accompanying notes included in the Form 10-QSB for the quarter
ending September 30, 2006, but not attached hereto in this press
release, are an integral part of these condensed consolidated
financial statements.
Contact:
Global Aircraft Solutions
Ian Herman, (520) 275-6059
iherman@hamaerotech.com
or
Alliance Advisors, LLC
Alan Sheinwald, 914-669-0222
asheinwald@allianceadvisors.net
--------------------------------------------------------------------------------
Source: Global Aircraft Solutions, Inc.
Looks like it was....at least if you wanted to make an intraday. I'm still holding onto my shares.
KR
Out of favor CHID flying today....
Is this a buying opportunity?
GACF - I put a sell order in, but cancelled it after seeing the stock action. I hope I'm right.
KR
GACF - What is the reason for delay? Do we still get earnings after close today?
Nice to see VDSI on this list...one of my core holdings.
The conference call will take place at 4:30 p.m. Eastern, on Tuesday, Nov. 14, 2006. Anyone interested in participating should call 888-603-6873 if calling within the United States, or 973-582-2706 if calling internationally approximately five to 10 minutes prior to 4:30 p.m. There will be a playback available until November 21, 2006. To listen to the playback, please call 877-519-4471 if calling within the United States or 973-341-3080 if calling internationally. Please use pass code 8104584 for the replay.
AMLJ - With the resignation of two consecutive CFOs in 6 months, you have to wonder what the next earnings report has in store. I'm waiting...watching.
KR
XPO earnings out
http://biz.yahoo.com/bw/061102/20061102005590.html?.v=1
Great story building here....
FTK - Maybe they can spend a few buck on their web site, which is terrible.
KR
QMRK earnings
Press release: http://biz.yahoo.com/bw/061024/20061024005185.html?.v=1
QMRK conf call notes
still have $4M to offset taxable income
HALT/HASS represents 81% of total revs from 88% prior year
LING represents 19% of total revs from 82% prior year
shipping delays due to customer/govt resulting in $1M backlog, which if included would have made for a great quarter (est $4.5M)
Typhoon shipment to largest military supplier in France
DELL is major customer
40% new business....15% above industry average
pursuing listing major exchange
in process of selecting IR firm to increase company exposure
only one questions asked on call, which indicates the need for more exposure
A couple more:
QMRK 10-24
XPO 11-2
Perhaps Timothy Ewing is buying more
http://finance.yahoo.com/q/it?s=GACF.OB
Who is this guy?
Len: I'll give it a stab....still playing around with it.
Open all the windows that you want in various tabs. Then click on "Add to Favorites" icon to left of tab row. Then select Add Tab Group to Favorites.
Is that what you are looking for?
Len: IE7 how to
Once you have a group of tabs open, you can save the group as special kind of Favorite called a Tab Group, and you can even specify a Tab Group as your home page. That's right: You can configure IE to open multiple documents every time you start up. That way, you might choose to visit a number of news sites first thing in the morning, and run through them over coffee. It's a great feature.
For more IE7 how tos, here is a good review: http://www.winsupersite.com/reviews/ie7.asp
$1.19 painted, but volume has really dried up....still 4 weeks until earnings.
KR
EGLE Declares Quarterly Dividend of 51 Cents
NEW YORK (AP) -- Eagle Bulk Shipping Inc., which charters cargo vessels, said Wednesday its board has declared a quarterly cash dividend of 51 cents per share.
The company will pay the dividend on Nov. 2 to shareholders of record as of Oct. 30.
healthy day....low volume pull-back.