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USOO dipping back near $1. Company had Q1 earnings of .06/share vs. .02/share last year. Q1 revenues up 23%. And apparently Q1 is a slow quarter for the trucking industry.
High oil prices translate into high fuel surcharges, which should bode well for revenues. They've got an easy bottom line comp coming up as the company only earned .01/share in the year ago quarter. If Q2 comes in at .05+, there looks like a lot of upside from these levels.
swampboots, re CAMT
I sold after listening to the last CC. Even though they're expecting a big sequential rebound in revenues to the $16-$18M level in Q2...they cautioned that margins would be lower than last year. So my guess is earnings may only be a few cents per share vs. .12/share last year. Revenues flattish as well. I think it's safer to wait for the Q2 report and see what they say about the second half of the year.
LMIA perking up. Form 4 filed today shows CFO bought 9,047 shares at $4.56.
Contract news on BLSC. This company would have earned a fully-taxed .13/share in Q4 if not for an $870K charge. Strong balance sheet with $2/share in cash. Should have a favorable Q1 comp in 2 weeks. If Q1 earnings come in at .10+/share vs. .02/share last year with revenues up 20-30%, this low floater should see a nice pop.
Bio-logic Signs Agreement with Premier Purchasing Partners, L.P.
Thursday June 30, 7:00 am ET
MUNDELEIN, Ill.--(BUSINESS WIRE)--June 30, 2005--Bio-logic Systems Corp. (Nasdaq:BLSC - News), a designer and marketer of computerized medical electrodiagnostic equipment and disposables, today announced the signing of a three-year agreement with Premier Purchasing Partners, L.P., the group purchasing division of Premier, Inc., one of the largest healthcare alliances in the U.S. Under the agreement, Bio-logic will offer sleep diagnostics equipment, services and accessories to Premier's affiliated hospital and healthcare systems.
Commenting on the agreement, Roderick G. Johnson, president and chief operating officer of Bio-logic, stated, "It is estimated by Frost & Sullivan, a leading market consulting firm, that approximately 44 million people in the U.S. have a sleep disorder, impacting their quality of life and at times posing a hazard to their health and the safety of others, and that 30 million of those affected remain untested. People of all ages can be affected and most are unaware that they have a sleep disorder, and many of those who are aware have in the past chosen not to seek the help they need.
"However, there is a growing awareness of sleep apnea monitoring on the part of both individuals and clinicians as a result of our aging and overweight population and studies linking hypertension to sleep apnea. For the period through 2011, Frost & Sullivan projects double-digit growth in the sleep service provider market, as well as a 13 percent increase in the number of sleep studies performed annually.
"This agreement, with one of the nation's leading healthcare alliances, further confirms the leadership position that Bio-logic products have achieved in the sleep diagnostics arena. With the strong healthcare interest in sleep apnea monitoring, we are very pleased to have been chosen by Premier as one of three suppliers on this important contract," Johnson concluded.
About Bio-logic
Bio-logic Systems Corp., headquartered in Mundelein, IL, designs, develops, assembles and markets computer-based electrodiagnostic systems and related disposables for use by hospitals, clinics, school districts, universities and physicians. The systems conduct tests that are typically used by medical practitioners to aid in the diagnosis of certain neurological disorders, brain disorders and tumors and sensory disorders, including audiological and hearing screening and diagnosis.
About Premier, Inc.
Premier, Inc., a strategic alliance in U.S. healthcare, is owned by more than 200 of the nation's leading hospital and healthcare systems. These systems operate, or are affiliated with, nearly 1,500 hospital facilities and hundreds of healthcare sites. Premier provides an array of resources in support of healthcare services, including group purchasing, with more than $21 billion in annual sales of supplies and equipment. Other resources offered by Premier include insurance programs and performance improvement services of many kinds. Premier is headquartered in San Diego, CA, with other major facilities in Chicago, IL and Charlotte, NC. Advocacy and policy offices are located in Washington, DC. For more information, please visit www.premierinc.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934), including statements regarding growth in the sleep service provider market and sleep studies. Management has attempted to identify these forward-looking statements by using words such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "could," "should," "projects" or similar expressions, but these words are not the exclusive way of identifying these statements. These forward-looking statements are based on information currently available to management and are subject to a number of risks, uncertainties and other factors that could cause Bio-logic's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include general economic and business conditions, turnover in Bio-logic's sales force, lack of acceptance of new technology by clinicians and other healthcare professionals, the results of research and development efforts, technological changes, competition, potential changes in regulation by the FDA, costs relating to manufacturing of products, the timing of customer orders, the ability of certain suppliers to meet requirements and other factors detailed from time to time in Bio-logic's filings with the Securities and Exchange Commission.
You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, Bio-logic undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason after the date of this release.
--------------------------------------------------------------------------------
Contact:
Bio-logic Systems Corp.
Gabriel Raviv, 847-949-5200
or
Roderick G. Johnson, 847-949-5200
or
Dresner Corporate Services
John A. Kroen (Investor & Media), 312-726-3600
jkroen@dresnerco.com
--------------------------------------------------------------------------------
Source: Bio-logic Systems Corp.
Great news on AMLJ. Was actually trying to sell some yesterday as I was disappointed with the last earnings report. Luckily it didn't fill!! Tried to buy more this morning, but gapped up too much.
AML Communications, Inc. Announces Major Contract Award
Thursday June 30, 9:00 am ET
CAMARILLO, Calif.--(BUSINESS WIRE)--June 30, 2005--AML Communications, Inc. (OTCBB:AMLJ - News) announced today that it has entered into a multi-year contract with Raytheon Space and Airborne Systems to supply super-component units for a large US Government Program.
Under this contract, Raytheon has ordered developmental units and low level production units at a fixed firm price. Under this same contract, Raytheon has the option to purchase from AML Communications up to 6000 additional units over a 5-year period. The total value of the contract, including the options, is $30 Million.
More details about this contract: AML has already delivered developmental units that were successfully tested by Raytheon. First production compliant units are scheduled for delivery this summer. These will be followed by firm scheduled deliveries of low level production during the rest of calendar 2005 and 2006. High volume production units (these being the options referred to above), are scheduled for delivery in 2008 through 2012. All options are at firm fixed prices with inflation escalators.
The option described above may be exercised at the sole discretion of the buyer (Raytheon). Buyer is not obligated to exercise any or all of the options.
AML Communications is a designer, manufacturer and marketer of amplifiers and super-components that address the Defense microwave markets. The Company's Web site is located at http://www.amlj.com.
This press release contains forward-looking statements, particularly as related to, among other things, the opportunities relating to the contract and the Company's business strategy. Such forward-looking statements are based on current expectation, involve known and unknown risks, a reliance on third parties for information, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the amount of equipment to be purchased by the defense contractor under the agreement, our ability to fulfill such purchase orders and other factors that are detailed in documents we file from time-to-time with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
AML Communications, Inc.
Jacob Inbar, 805-388-1345, Ext. 201
--------------------------------------------------------------------------------
Source: AML Communications, Inc.
Busy morning! Looks like 2 for 3 on earnings last night.
CMKG missed their Q4 guidance of .04-.06/share. Without the $299K charge, they earned .01/share in Q4. Stock is still up this morning as apparently there wasn't much priced in. As abh3vt noted, the positive note is backlog increased 43% to $22.6M. They've got an easy Q1 comp coming up. Earnings PR not out yet, but some bullish Q1 guidance could send the stock higher.
ETEC had a monster quarter. I came up with Q4 earnings from continuing operations of .18/share on $30M in revenue. Sure wish I had bought more under $1.50. They had easy Q4 and annual comps, sale of geothermal rights would pad the numbers, and the last 10Q talked about large inventory jump due to products that would start shipping to a Georgia school district in 1/05. The earnings PR cautioned that the huge Q4 may not be sustainable, but the stock still looks cheap considering the company could earn another .40+/share this year.
DWVS had a great Q4. Excluding the $459K in 1-time merger costs, they earned .009/share in Q4 on a 69% jump in revenue. Bullish comments from management in the PR. Should have favorable Q1 and Q2 comps coming up. Those numbers may get an added boost as it appears those are the company's seasonally strongest quarters.
From 10K:
Another risk to liquidity is the seasonality of revenues. Sales in the third and fourth fiscal quarters in both the U.S. and Canada are seasonally lower than the first and second quarters.
Don't know what more you could want from a .18 stock. Earning almost .01 per quarter, rapid growth, and a decent cash position. Think this stock could easily trade in the .30's.
wade, re NKBS
The capco business is extremely lumpy, which is why the company is diversifying away from it. If you look at the quarterly financials for the past few years, you'll see what I mean. Wild quarterly fluctuations, but the annual revenue trends are positive. NKBS has earned .18/share, .36/share, and .32/share during the last 3 years. I'm not sure why the stock is being priced like the company will never show a profit again. If they come anywhere close to the .40/share they're expecting to earn this year, the stock could see a 50-100% rebound from here.
wade, it's frustrating to watch. Sometimes the market just doesn't make sense. I'm equally puzzled on NKBS. Nasdaq stock with $1.50/share in cash on the balance sheet...management guided for Q2 earnings of .10/share and .40/share for the year...and people are selling at $2.20?
Picked up a few more ACLO.OB at .17. Trading at an annualized P/E of 6. Q1 earnings of .007/share were down from last year, but a sequential improvement over the losses the company had the prior 3 quarters.
In the earnings PR, management talked about cost-cutting measures and continuing improvement for the rest of the year. Q1 may have also included a $240K charge and a $78K+ charge to cover 2 lawsuits. With those 1-time items, Q1 earnings may have been closer to .015/share.
Negatives are ACLO is a China stock (although tight relationship with Samsung gives them some credibility). Lots of sales to related parties and loans to officers. They're also trying to acquire Classic Electronics, which accounts for a big chunk of their revenues.
Still think it's a good gamble at this price. 52-week high is over $1. Easy bottom line comps coming up. If Q2 comes in better than Q1, stock could see a pop. If they post Q2 earnings of .01-.02/share, it could be a big pop.
Been able to get some RIMS.OB at .75 the past couple of days. Looks like a decent one to accumulate before their annual earnings report in August.
Company earned .032/share last quarter, which was down from the prior year. Should have a favorable annual comp coming up, with earnings around .12/share vs. .09/share last year. Q4 earnings probably another .03/share, which would be flat vs. the year ago quarter.
The CEO comments in the last earnings PR sounded a little more upbeat than usual...so perhaps Q4 could come in at .04-.06/share. Stock might jump 50%+ if that happened. Doesn't look like a whole lot of downside in the .70's.
From 4/14/05 PR:
Irwin Balaban, Robocom's President and CEO, said, "I am very optimistic about our upcoming fiscal year end results. With our new and existing contracts for implementation of RIMS(TM), I believe Robocom is on track to continue with profitable results. Although license revenues were down, service, hardware and maintenance revenues are all up over the prior year period. We also remain committed to controlling our costs. Additionally, with the deployment of our latest version of RIMS, I expect this trend to continue."
wade, great call on GACF! Up 40% in a week!?! Came close to buying in the .90's recently...darn. Solid company and I like the sector. Hesitated because it looks like they'll have a tough earnings comp in Q2. Oh well.
otc, re MWIS
Doesn't look like the good results last quarter are sustainable as a large 1-time licensing fee made up the bulk of revenues. I think they were saying as much with this statement in the last earnings PR:
"The Company's sales have fluctuated in the past and are likely to continue to fluctuate from period to period depending on a number of factors, like the timing and receipt of significant orders, the timing of milestone payments within the license schedules, the timing of completion of contracts or maturity of prospect contracts."
Bought back some GRIL in the low $3's. Stock went over $4 a couple weeks ago. On 6/1/05, company announced Q1 earnings of .11/share vs. .02/share last year. Q1 might be a seasonally strong quarter for them, but new Santa Monica restaurant opened in March and recently opened restaurant in downtown LA might give a boost to Q2 results. Plus they've got a low float and an easy bottom line comp coming up.
HSPR.OB dip to .23 X .24. Guess I should have sold on the run to the low .30's and started buying back now. With earnings guidance of .06-.08/share for the year...just didn't want to kick myself when the stock is over .50 in a few months.
tubber, re JMIH
It looks like it's going to cost $300K ($32K of which had been paid as of last 10Q). Given the company's profits and balance sheet, I don't think they need to issue additional shares. Would be nice if the company threw us a PR bone. Most OTC:BB companies would be milking this capacity expansion for all it's worth.
From last 10Q:
During December 2004 the Company entered into a Commercial Lease and
Purchase Option with a third party for the lease and potential purchase of an
additional operating facility in an effort to expand its manufacturing and
production capacity. The facility will provide the Company with approximately
50,000 square feet of additional manufacturing and production space. Under the
agreement the Company has agreed to lease certain property and facilities in
Florida for a term of one year at $14,500 per month. The lease shall commence on
the earlier of the date the: (1) facilities are determined to meet all
applicable environmental and building code requirements (" Code Requirements")
or (2) Company takes possession of the facilities. The Company has agreed to
contribute one-third of the funds necessary to satisfy Code Requirements, which
are anticipated to be approximately $300,000. To date, the Company has
contributed approximately $32,000. During the term of the lease the Company has
a right an option to purchase the facility. If the Company exercises such
option, all funds contributed by the Company to satisfy Code Requirements will
be deducted from the purchase price. If the Company declines to exercise the
option or is unable to secure acceptable financing, Carl Herndon will have a
similar option to purchase the facility. As of June 1, 2005 no events have
occurred that would trigger the commencement of the lease.
In conjunction with opening the above mentioned additional facility,
the Company will require certain employees to relocate. Effective January 13,
2005, as an incentive for relocating and remaining with the Company, six
non-executive employees were granted options to purchase, at $.30 per share, an
aggregate of 1,000,000 shares of common stock of the Company pursuant to the
Company's 2004 Management and Director Equity Incentive Compensation Plan. The
trading price of the Company's Common Stock, as reported on the Over the Counter
Bulletin Board, on January 13, 2005 was $0.30. The options are exercisable for a
period of five years, but will only vest in the event that the Company opens the
additional facility and the employee relocates to the new facility.
Came across another JMIH article from 6/3/05 in the Bradenton Herald. Similar to the 6/2/05 article that was already posted, but has a few additional items.
CFO stated they hope to double annual sales of $10.2M (for the year ended July 2004) in the near future. That would be quarterly revenues of $5M+ with earnings of probably .03-.05/share.
Based on the numbers over the past few quarters, JMIH should already be trading in the .40's IMO. Even if it takes a year until the new facility starts dramatically boosting company revenues and earnings, long-term holders could be rewarded with a 300-500% gain in the stock price. Still the most compelling risk/reward situation I can find.
http://www.bradenton.com/mld/bradenton/business/11800931.htm
abh3vt, re LMIA
The additional 5-10% growth in 2006 is from current products based on their existing contracts. I actually think it's pretty bullish that they're already projecting 2006 revenue growth based on the contracts they had as of May 2005. Any additional contract wins in the second half of the year should only boost 2006 revenue growth targets.
tbone, re LMIA
Still like this one quite a bit. Don't think many people listened to the last CC. Company has the wind at their backs with an improving aerospace market (check out the durable goods report this morning). I think there could be upside to their already positive guidance for the rest of the year. I'm looking for Q2 earnings of .12+/share, which should be a very favorable comp vs. last year. Think Q3 and Q4 will be even better with fully-taxed earnings of .15+/share per quarter. Even though the stock hasn't done much lately...judging by the jump from $2 to $7 in a single afternoon last November...I'd say this low floater can move!
Here's my notes on the last CC:
http://www.investorshub.com/boards/read_msg.asp?message_id=6424378
EZEN.OB down below $2. Started accumulating again. Q1 earnings of .048/share. Q1 revenues up 20%, Q1 net income up 72%. Record Q1 bookings and bullish guidance. In the Q4 earnings PR, they guided for .23/share in earnings from operations in 2005. That would mean an avg. of .06/share for the remaining 3 quarters of the year. Solid balance sheet with .31+/share in cash. Should have a favorable Q2 comp coming up (minus the large tax benefit in the year ago quarter).
apish, re KTCC
I started accumulating again. Q3 earnings of .09/share with guidance for Q4 earnings of .08-.12/share. If they hit the upper end of that range, stock could see a pop to $5.
Looks like some panic selling in the markets heading into the close. Maybe I'll get some KTCC at $3.
kyk2001, re CGNW
Even if the $134,256 was an expense last quarter, company still would have earned .023/share. How many stocks in this price range have those kind of earnings? I don't think anyone was saying the stock should trade at $1.60...but .45??
Thanks to CGNW seller. Didn't think I'd get more at .45.
This is another one where I'd like to know what the seller is buying. CGNW is well on their way to posting annual earnings of .12-.14/share in a few months. I'd be very surprised if the stock doesn't move to .75+ at that time...if it isn't there already.
I guess some people can't hold for more than a few days. If that's the case...why not at least sell CGNW over .50? It's been sitting there all month. Who waits for a drop to .41?? Guess they're planning on making up that quick 20% loss on their next stock.
Bought some more KSWW on the news. Backlog up to $79M!! Company earned .03/share on $9.9M in revenue last quarter. Huge revenue growth in the coming quarters seems like a sure bet. All about margins now. With only 5.5M shares O/S, could put up some monster EPS with some decent margins. Solid balance sheet with .50/share in cash.
After watching WSCI explode, I think CMKG could be a low float runner next week on earnings. Should have favorable Q4 and annual bottom line comps coming up. They guided for Q4 earnings of .04-.06/share (due to seasonality) vs. a loss last year. Annual earnings should come in close to .30/share. Last earnings PR mentioned $750K in cost savings in fiscal 2006, which would add about .07/share to earnings. If CMKG hits their Q4 target and gives bullish guidance, this could fly to $4+ in this crazy low float world.
Wish my BONL.PK order had filled at .10 (someone got 5K!). Now at $1 on news that the company had annual earnings of .14/share vs. a loss with revenues up 55%. Doubt the numbers can be trusted, but could have used a 1-day 10-bagger!
theis, are you still holding VMHVF.PK? Spiked up to .65 today?!? Amazing call from .04. Have any other stocks that will rise 1000% in a few weeks?
:)
WMCO.OB looking attractive again at $1.19. Company earned a fully-taxed .037/share last quarter. Q2 revenues up 21%. Q2 net income up 53% (pre-tax income more than doubled). Weak balance sheet and high shares O/S, but CEO continues to buy and company has had some positive PR's lately.
Recent business activity can be summed up by this quote from the last earnings PR:
Williams Controls' President and Chief Executive Officer, Patrick W. Cavanagh, stated, "During the second quarter we established our manufacturing and sales operations in China with the opening of our Suzhou manufacturing facility and our Shanghai sales office and we opened our sales office in Europe to support our growing business in Europe. Additionally, we have made significant progress in our sensor development efforts, including securing of a licensing agreement for non-contacting sensor technology." He concluded, "The stronger worldwide truck, bus and off-road markets, along with our improved financial condition, have enabled us to pursue these growth initiatives."
ETEC.OB dip to $1.60. Earnings next week. Should have both a favorable Q4 as well as annual comp. Think they could earn a fully-taxed .05+/share in Q4 from operations. Plus they'll get a $290K boost in Q4 from the sale of the geothermal rights. Annual earnings could be close to .30/share. Stock could see a nice pop on the news.
JMIH .25 X .29. Sure would like to know what the sellers at this level are buying. Apparently a lot of consistently profitable companies in this price range trading at annualized P/E's of 5 with a huge capacity expansion project underway.
arnie, re IPII
The momo players seem to be latching on to any stock with a low float lately. IPII has superior fundamentals to most of the stuff that's flying, so wouldn't surprise me to see another run to $25. But I just remember being able to load up in the $9's after that blowout Q1 report. There has been no news since then. So stock would have to come way down for me to buy back in...and I don't see that happening in this market.
otc, re CTIB
Wow, now in the $4's! Up 130%+! Hope you had a bunch.
I'll tell you why it's moving...because of it's tiny float. Market probably nearing a top with that kind of low float mania.
Picked up some FCSC.OB. Reminds me of TMFZ. Stock has pulled back to $10 level due to a public offering of 1.1M shares earlier this month. With the extra shares, Q1 fully-taxed earnings would have been .38/share. Q1 revenues up 85%, Q1 net income up 51%. Balance sheet has $3/share in cash.
According to a couple of Form 4 filings this week, the Chairman and another director each bought 5,000 shares at $11.75 last week.
From the prospectus filed earlier this month, the company has applied for listing on the Nasdaq National Market. They should have a favorable Q2 comp coming up. If the company moves to the Nasdaq before August and then reports Q2 earnings of .35+/share, this low floater could jump to the $12-$15 range IMO.
From S-1 filing on 6/9/05:
We are offering for sale 1,100,000 shares of our common stock in an underwritten public offering. Our common stock is quoted on the Over-the-Counter Bulletin Board, or the OTCBB, under the symbol “FCSC.” The last reported sales price for our common stock on the OTCBB on June 8, 2005 was $12.15 per share. We have filed an application to have our common stock approved for listing on The Nasdaq National Market following the pricing of this offering under the symbol “FCMC”.
wade, re AFPC
I sold out on the Gabelli conference runup. Loved this one at $1.40. Think it's still slightly undervalued at $2. Should have a favorable Q4 comp coming up (although results won't be out for at least another 2 months). My guess is they'll earn .06/share vs. .04/share in the year ago Q4 (and that included a tax benefit). Stock could see a pop on that news. If they were to post Q4 earnings of .07-.08/share, stock would probably see $2.50+. But I wouldn't hold into the Q1 report, as that is their seasonally weak quarter.
abh3vt, re CMKG
Thanks for the reminder on this one. I picked up a few shares today. Earnings due by the end of the month. Not a real low P/E and balance sheet could be better, but should have favorable Q4 and annual bottom line comps coming up. They guided for Q4 earnings of .04-.06/share (due to seasonality) vs. a loss last year. Annual earnings should come in close to .30/share.
Hopefully they'll give bullish guidance for Q1 (another easy comp) and the rest of the fiscal year. That $750K in cost savings you noted would add about .07/share to annual earnings. Combined with some modest growth, fiscal 2006 earnings could be .40+/share.
CMKG was hovering just under $4 during the first few months of the year. Stock got a pop on the Q3 report in early February. Now down to $2.90, I think the low float traders could run this one back to the mid-$3's if earnings are good.
OT--Here's something funny. CEO of OLGR responded to huge jump today. Confirmed company not even in the energy business. Also said it was crazy that someone paid $23. Think this could be a good short if momo players send it higher next week.
Hydraulics co. stock up 70 pct on "day-trader frenzy"
Fri Jun 17, 2005 03:52 PM ET
NEW YORK, June 17 (Reuters) - Stock in a small hydraulics company, Oilgear Co. (OLGR.O: Quote, Profile, Research) , rocketed over 70 percent for no apparent reason on Friday, leaving its chief executive officer blaming "day-trader frenzy."
"We think we know the reason," David Zuege told Reuters by telephone from company headquarters in Milwaukee. "A reliable source in the market told us the sudden spike was the latest move in the day-trader frenzy to pick up small-cap energy firms.
"But we're not even in the energy business, we make hydraulic equipment and have done for 85 years," he said.
Stock in Oilgear, which manufactures hydraulic components and electronic controls for the primary metals, auto, chemical and petroleum industries, rose all day on Nasdaq after opening at $10.55. In late afternoon trading, the shares were selling for $16.67, which was $6.91 or up 70.8 percent.
"Last quarter was good and business is good, but nothing for any rational analyst to say would double the price," said Zuege. Oilgear's sales were $26 million in the first quarter.
"Someone paid $23 for our shares, that's crazy," he said, adding that there were two previous sudden jumps this year when the stock soared unusually high before dropping back to the original level.
"The previous two were out of the blue. The stock went up and there was no fundamental or economic reason for it," said Zuege. "Of course, I'm always happy to see the stock go up."
Does anyone have a favorite low float Nasdaq stock that has yet to make a move? I'm continuing to accumulate LMIA, CSPI, BLSC, and USAP.
NCNC.OB at .21 X .23 after spiking up to .40 on good numbers a few weeks ago. Q1 earnings of .015/share vs. a loss. Q1 revenues up 46% to $1,431,889. Company received a $1.8M order in April that raised its backlog to $4,850,000. If this company receives zero orders for the rest of the year, they should still average $1.6M+ in revenues for the next 3 quarters. And if the turnaround continues (as recent PR's suggest), this company could see quarterly revenues of $2-$3M. Earnings could be a lot higher than the .015/share earned in Q1. Balance sheet stinks, but this stock could see a double or more from the current price IMO. Annualized P/E is less than 4.
nuts, re SWTX
Thanks for the heads up. Didn't realize it had dropped all the way back to $1.01. Bought a few. Still concerned about big sequential drop in gross margins. Just listened to the Q1 CC again. Guided for Q2 revenues of $15M with similar gross margins and operating expenses as Q1. Without the 1-time $170K gain from impairment recovery and the $400K energy rebate, I'm guessing Q2 net income will be around $1M...which would translate into earnings of .03/share. Will be a flattish comp vs. last year, but hopefully things will improve in the second half of 2005. Insiders have bought a lot of shares in recent months so maybe business is better than I think.
I like SWTX at these prices a little more than PDGE, although I'm not really bullish on either due to the tough comps both companies will face in the coming quarters.
With the market rally showing no signs of letting up, I agree that we will see some of the huge profits made in recent weeks filter down to the undervalued OTC:BB names. Has already started to happen on some stocks.
linuspop, re DCU
I sold a few months ago. Stock has come down, but still has a high P/E. The licensing deal with Whirlpool could boost revenues/earnings down the road, but I'd rather wait and see the numbers. With the stock trading at an annualized P/E of 25, I see no need to rush in.
larrybaz, re SODI
Interesting stock. Balance sheet would be awesome (sitting on $1.11/share in cash!) if not for the environmental liabilities. Nice earnings, and it sounds like they would have been even better if not for the business disruption caused by the hurricanes. Backlog is down, but recovering aerospace market may help them.
Too bad the company doesn't put out news. If they had released those annual numbers in a PR, the stock might be up over 100% today. Still up 58%, so I'm going to see if I can pick up a few shares on a pullback.