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yield, re EPLN PTA FPWR
EPLN has held up well. Company could be buying. I thought the last 10Q was somewhat disappointing, so no rush to buy here. But I'm keeping it on my watchlist as they could turn things around in a quarter or two.
As for PTA, I tend to avoid insurance stocks. They can have a big profit one quarter, a big loss the next. Makes them hard to evaluate.
Nice news on FPWR today. I'm looking to get back in on a dip to the $4's. If gross margins rebound in Q3, they should have a great report in May. Problem is they'll have a tough bottom line comp.
wade, re CXTI
As Knowledge pointed out, the stock has had several strong quarters in a row. Usually gets a pop, then a selloff. It is unsettling, but I keep hoping one of these days it will break the cycle. Looks like it isn't going to happen today.
WIRX down to 2.65 X 2.70. Picked up a few more. With Q4 earnings of .075/share on a 39% revenue jump, possible Amex listing, solid balance sheet with .40/share in cash, easy Q1 comp coming up, and potential iPod hype...I think this stock could be trading at $3.50+ in a few months.
I bought all the EZEN I could get under $1.20. Will try to get more on a dip. VERY impressive report. Q4 earnings of .044/share (before tax benefit). Q4 revenues up 29%, Q4 pre-tax income up 119%. Solid balance sheet with tangible book value of .26, with more than that in cash. Bullish outlook on 2005. Said recent Microsoft agreement would strengthen margins and profits in 2005. On track for record bookings in Q1. And my favorite part of the PR:
"For the year ended December 31, 2004, we achieved earnings per share of $0.23, $0.13 per share on an operational basis and $0.10 per share realized from tax benefits, and would like to match that earnings per share level in 2005 purely on an operational basis."
Earnings of .23/share from operations in 2005? Yowsa!
MSGI, re ALY
I noticed the same thing. They had a loss in Q4. Doesn't seem to matter as the stock is pushing $7. Imagine if they had posted a nice Q4 profit...guess the stock would be at $10!
Seems to be quite a bit of froth in the oil patch. Wasn't too long ago that I was buying all the BSIC I wanted at .60. Today people are paying $2.39...even though the fundamentals haven't changed much.
XTND back in the low $4's after touching $5 last week. I added some more. They've pre-announced a strong fiscal Q3 with earnings of .11-.16/share. Think the stock will pop when numbers are released next month.
CXTI released big Q4 numbers. It looks like Q4 earnings came in at .15/share instead of the .10/share they pre-announced. Trailing P/E is 3.
China Expert Technology Reports Fourth Quarter and Fiscal Year 2004 Financial Results
Monday March 7, 12:16 pm ET
- Profits for the Quarter and Year End Increase 245% and 191% Respectfully
HONG KONG, March 7 /PRNewswire-FirstCall/ -- China Expert Technology Inc. (OTC Bulletin Board: CXTI - News), a company that specializes in providing large scale network infrastructure construction mainly for e-government projects for communities and municipal governments in China announced financial results for its fourth quarter and fiscal year 2004. For the quarter the Company posted a net profit of $3.5 million. These results compare to a net profit of $1.2 million from the year ago-quarter. Revenue for the quarter was $10.6 million up 87.5% from the year-ago quarter.
For the year the Company reported net income of $7.76 million and revenue of $26.8 million compared to net income of $1.2 million and $5.66 million in 2003. Earnings per share also from $.06 in the year ended 2003 to $.33 for the 2004, an increase of 450%.
KUNG SZE-CHAU, Chief Executive Officer of CXTI, stated, "During 2004 the Company began to realize substantially revenue from our e-government project in Jinjiang City of Fujian province. We are encouraged by the response and interest generated by our success in Jinjiang City and anticipate continued growth as we begin new projects in the months to come. We have previously announced two new projects for 2005 and are aggressively pursuing additional projects as our reputation for quality products and service expands to other cities in the province."
About the e-government project:
The e-government project is aimed to establish a national electronic government system, in which the existing and expecting government networks and applied systems can be combined to form united technology standard and regulation and consequently a united national government service platform. The term e-government is a process in which the government is able to take advantage of modern information and communication technologies to integrate the management and service on Internet, optimize and reform the government structures and working processes, and provide good and standard international administration and service to the society beyond time and space limit.
About China Expert Technology, Inc:
CHINA EXPERT TECHNOLOGY, INC. ("CXTI") is a company listed on the OTC BB in the USA (Trading Symbol: CXTI) and its subsidiaries (collectively the "Group") situated in Hong Kong and China, are specialized in providing large- scale network infrastructure construction (mainly e-government projects) for communities and municipal governments in China. The Group also utilizes its network with experts from vary universities in China to deploy business and IT consultancy services to corporations in Hong Kong and China. The Group's existing major clients includes municipal governments, government authorities and other technology firms in China. Its income is derived mainly from four areas, e-government, technology achievement appraisal, expert consultation and project database.
Safe Harbor under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission.
For more information, please contact: Tim Clemensen
Rubenstein Investor Relations, Inc.
Tel: 212-843-9337
tclemensen@rubensteinir.com Phoebe Lam
China Expert Technology, Inc.
Tel: 852-2802-1555
Fax: 852-2802-9222
phoebe@chinaexpertnet.com
--------------------------------------------------------------------------------
Source: China Expert Technology Inc.
TGIS up to $1.80. Has seen some good action since the investor presentation last Thursday. With Q4 earnings of .06/share and a bullish outlook on 2005 revenue growth, I think the stock could keep climbing to the low $2's.
PC, re MDF
Was wondering the same thing. I just bought some under $2.50. As far as I can tell, should have a favorable comp coming up in a couple of weeks. But don't follow MDF as closely as some other posters. What's the consensus on earnings? I think Q4 is seasonally a bit weaker. Can they still manage Q4 earnings of .06/share?
ETEC.OB dipping to 1.55 X 1.56. Without that 1-time charge of $470K to SG&A, earnings last quarter would have been .05/share. They've got an easy comp coming up and it sounds like fiscal Q4 should get a boost from the delivery of 1200 computers to a school district in Georgia.
From 10Q:
During the fourth quarter of our fiscal year ending March 31, 2005, our
contract with the State of New Jersey was extended through June 30, 2005, and we
expect our revenues from commercial customer base will continue to grow, and to
roll-out over 1200 computers to a school district in GA. Our inventory at
December 31, 2004 was increased by approximately 350% as compared with the
inventory at March 31, 2004. This increase was mainly due to our receipt of
products from our distributors that were ordered by a customer for computer
roll-out projects starting in January 2005 for a school district in GA.
Another email about GFCI. When I did a google search for the Silver Hawg, came across Ray Oil Tool company. They seemed to have some kind of alliance with Corrosion Inhibitor Systems to sell the Silver Hawg, but saw no mention of Grifco. Email response this morning said they had an agreement with Grifco as well.
http://www.rayoiltool.co.uk/products/CorrosionInhibitorSystems.htm
Email from Alan Male at Ray Oil Tool:
From: "Alan Male" <alan.male@rayoiltool.co.uk> Add to Address Book
To: "Harry Webster" <hweb2@yahoo.com>
Subject: Re: company question...
Date: Mon, 7 Mar 2005 07:53:26 -0000
This is true we did have a co-operation agreement with this company.
Regards
Alan L Male
----- Original Message -----
From: Harry Webster
To: alan.male@rayoiltool.co.uk
Sent: Saturday, March 05, 2005 4:40 AM
Subject: company question...
Hello,
I was trying to find out about a recently public company called Grifco International. The earnings seem almost too good to be true. I noticed you listed a "Silver Hawg" tool on your website. Grifco has a similar product so I thought maybe you had a partership with them or worked with them in the past. Any information you could provide would be extremely helpful.
Thanks,
Harry Webster
hweb2@yahoo.com
10bagger, I don't quite understand some of your points on GFCI. Litfiber was a piece of junk. They were basically a worthless shell that GFCI reverse merged into in order to go public. It wasn't simply a name change. These kind of mergers happen all the time with penny stocks.
As for Jim Dial showing up as the IR contact a few weeks before the merger was officially announced...I guess I don't see it as some kind of smoking gun. According to his bio, he has participated in many acquisitions and owned several businesses...so it would make sense for him to be involved in the transition process. The PR where Dial was the IR contact was the one where Litfiber announced its restructuring. If he had been the IR contact all along, that would have looked a lot more suspicious IMO.
wade, how about reposting #6056 from the VM board over here? Thanks again for the nice DD.
Here's a repost of the info I found on GFCI and Perf-Drill...
I think we should move the GFCI discussion over to the VCC board. Definitely more of a flyer until we can get some proof on the earnings. Getting more airplay here than it probably deserves. Just such an interesting situation as the stock could be a 10-bagger if EPS come in at .23-.25/share for the current 6 month period...AND they can verify it with an SEC filing.
It does appear to be a real company, just not sure if we can trust the numbers. Although with the huge demand in that sector, would have to think they're doing pretty well. Was bored last night so I emailed several of the companies that Grifco has announced a business relationship with over the past few years. Already heard back from Perf-Drill. Will post the others as they come in.
Original news from 2003:
http://www.grifco.org/forums/lofiversion/index.php/t1.html
Some info on Perf-Drill:
http://www.perf-drill.com/index2.html
http://www.perf-drill.com/Download/Perf-Drill_HARTS_E&P.pdf
The return email:
From: "Jim Cousins" <jim@perf-drill.com>
To: "'Harry Webster'" <hweb2@yahoo.com>
Subject: RE: company question...
Date: Sat, 5 Mar 2005 08:58:36 -0600
Grifco represents Perf-Drill in Mexico and is negotiating for us in China. They are an aggressive Company & Jerry Griffith – CEO and President is Top Level Executive.
-----Original Message-----
From: Harry Webster [mailto:hweb2@yahoo.com]
Sent: Friday, March 04, 2005 11:04 PM
To: jim@perf-drill.com
Subject: company question...
Hello,
I was trying to find out about a recently public company called Grifco International. The earnings seem almost too good to be true. It looks like Perf-Drill announced a business relationship with Grifco back in 2003. Does that partnership still exist today? Any information you could provide would be extremely helpful.
Thanks,
Harry Webster
hweb2@yahoo.com
Thanks wade! Great work! I felt a little better about GFCI after getting an email from Perf-Drill, but I feel a lot better after hearing about your conversation with Corrosion Inhibitor Systems. That was another company I emailed. Also did some searching on the Silver Hawg product and found they had a website:
http://www.silverhawg.com/
I think we should move the GFCI discussion over to the VCC board. Definitely more of a flyer until we can get some proof on the earnings. Getting more airplay here than it probably deserves. Just such an interesting situation as the stock could be a 10-bagger if EPS come in at .23-.25/share for the current 6 month period...AND they can verify it with an SEC filing.
It does appear to be a real company, just not sure if we can trust the numbers. Although with the huge demand in that sector, would have to think they're doing pretty well. Was bored last night so I emailed several of the companies that Grifco has announced a business relationship with over the past few years. Already heard back from Perf-Drill. Will post the others as they come in.
Original news from 2003:
http://www.grifco.org/forums/lofiversion/index.php/t1.html
Some info on Perf-Drill:
http://www.perf-drill.com/index2.html
http://www.perf-drill.com/Download/Perf-Drill_HARTS_E&P.pdf
The return email:
From: "Jim Cousins" <jim@perf-drill.com>
To: "'Harry Webster'" <hweb2@yahoo.com>
Subject: RE: company question...
Date: Sat, 5 Mar 2005 08:58:36 -0600
Grifco represents Perf-Drill in Mexico and is negotiating for us in China. They are an aggressive Company & Jerry Griffith – CEO and President is Top Level Executive.
-----Original Message-----
From: Harry Webster [mailto:hweb2@yahoo.com]
Sent: Friday, March 04, 2005 11:04 PM
To: jim@perf-drill.com
Subject: company question...
Hello,
I was trying to find out about a recently public company called Grifco International. The earnings seem almost too good to be true. It looks like Perf-Drill announced a business relationship with Grifco back in 2003. Does that partnership still exist today? Any information you could provide would be extremely helpful.
Thanks,
Harry Webster
hweb2@yahoo.com
kozuh, re TIV
Any idea why the last 10Q shows different numbers from Yahoo? 10Q says they had a loss of ($479,104). Yahoo says a profit of $761,000. I couldn't find an earnings PR to confirm either number? But I'd go with the SEC filings over Yahoo.
Even if they did have a net income of $761,000 last quarter, the stock is trading at an annualized P/E over 100! Len is right, that stock does not belong here. There are a lot of companies that were profitable last quarter...doesn't make them all value stocks.
OT--niles and researcher, I hope the SEC goes after TELT management on this one. That was such an obvious pump job. Some foreign shell company was going to buy 24,000,000 shares at $1.88/share when the stock had been trading below .20? They were investing $45M in a company with a $2M market cap!! Plus the shell company probably didn't have $4500, much less $45M.
The thing that really surprised me was the stock jumped from .16 to .60 on that news and stayed around .50 for months! I can't believe anyone would fall for such a bogus PR. Maybe we should tell them about GFCI. LOL
threes, re BUKS
I like the numbers. P/E not as low as some others here, but the revenue and earnings growth is better. On the CC, it sounded like they want to do a reverse split (a good idea IMO). I think I'm going to wait and see how that plays out. Might see a better buying opportunity if they do announce a RS. They should have a fantastic Q4 comp coming up, but we probably won't see those results until July.
valuemind, re EGAM
The numbers were down last quarter vs. the prior year, but a huge improvement on a sequential basis. They're going to have another unfavorable comp coming up, but I'd be happy if they can repeat the .03/share they earned last quarter. When a company initiates a dividend, it usually means they have some confidence in the business going forward. Solid balance sheet with .16/share in cash. Current dividend yield of 7.5%!
researcher, have you added to ACSEF? I bought a few today. Trading at a 52-week low of $5.12. Annual numbers could be out next week. They came out on 2/24 last year (may be some cause for concern as good numbers seem to come out earlier).
They earned .22/share in Q3 on $4.1M in revenues. Said Q4 would show a sequential decline, but a "significant" increase over the prior year's $2.6M. They earned .11/share in the year ago Q4, so maybe they'll post .15/share in the recent quarter.
Big question mark is guidance. In the last earnings PR, they made a comment about renewed growth after Q4. I think that may be too optimistic considering the sector weakness. Things do seem to be stabilizing for the semis, though...so even if the stock doesn't pop on earnings, I think it could trade at $7+ later this year.
Strange news on EGAM.OB. Anyone ever seen a company accelerate the termination of its shareholder rights plan? PR denied it, but can't think of any other reason to do this other than someone wanting to acquire the company. A little selling on the news. I would like to add some shares in the .70's with the turnaround last quarter and healthy dividend.
eGames Accelerates Termination Date of Shareholder Rights Plan
Friday March 4, 1:08 pm ET
LANGHORNE, Pa., March 4, 2005 (PRIMEZONE) -- eGames, Inc. (OTC BB:EGAM.OB - News), a publisher of Family Friendly(tm), affordable consumer entertainment PC software games, today announced that the Company's Board of Directors has approved an amendment to its shareholder Rights Plan, commonly referred to as a ``poison pill,' to accelerate the expiration date from June 1, 2009 to March 7, 2005. With this action, the Rights Plan will terminate on March 7, 2005.
The Board's decision to terminate the plan was not made in connection with any pending business transaction.
About eGames, Inc.
eGames, Inc., headquartered in Langhorne, PA, publishes and markets a diversified line of Family Friendly(tm), value-priced consumer entertainment PC software games. The Company promotes the eGames(tm) brand in order to generate customer loyalty, encourage repeat purchases and differentiate eGames software products to retailers and consumers. eGames also publishes and markets RealAge(r) Games & Skills, a collection of PC software activities and games designed to help build and maintain mental sharpness. Additional information regarding eGames, Inc. and RealAge Games & Skills can be found at http://www.egames.com and http://www.realagegames.com. eGames -- Where the ``e' is for Everybody!(r)
Forward-Looking Statement Safe Harbor:
This press release contains certain forward-looking statements, including without limitation, statements regarding the termination of the Company's Rights Plan, and other statements that contain the words ``believes', ``expects', ``may' ``should' or ``anticipates'. The actual results achieved by the Company and the factors that could cause actual results to differ materially from those indicated by the forward-looking statements may be beyond the Company's control. The Company cautions readers that the risks and uncertainties that may affect the Company's future results and performance include, but are not limited to, those discussed under the heading ``Factors Affecting Future Performance' in the Company's Quarterly Report on Form 10-QSB for the quarter ended December 31, 2004 and Annual Report on Form 10-KSB for the fiscal year ended June 30, 2004, both filed with the Securities and Exchange Commission.
Contact:
eGames, Inc.
Jerry Klein, President & CEO
(215) 750-6606 (Ext. 118)
Tom Murphy, Vice President & CFO
(215) 750-6606 (Ext. 113)
--------------------------------------------------------------------------------
Source: eGames Inc.
Congrats otc on the nice trade! I should have done the same, but got too greedy. Looked like GFCI was going to break $1 and keep on climbing.
You noted the prior guidance. I thought it was interesting that they only met expectations. If I was going to make up some numbers...might as well blow the estimates away!
Tempted to buy some more, but will resist for now. At least we'll probably get another upbeat PR in a week or two. LOL
bucfan, re WSTF
Stock going to take a hit tomorrow. Q1 earnings of .03/share is disappointing. It's their seasonally weakest quarter, so I guess it's not too bad. But they made a comment about business slowing and gave lackluster guidance for Q2 revenue growth.
GFCI vs. NWAU
Remember a few months ago when NWAU was in the .20's and announced earnings guidance of .30/share? I didn't believe those numbers (and still don't), so took quick profits around .40. Now the stock is at $1.50. Going to hold my GFCI as it wouldn't surprise me to see the stock in the $1-$2 range in the coming weeks.
bucfan, re ZONS
I've been waiting for a drop to $3.60, so added some near the close. Not going to build much of a position as Q4 results were disappointing and I didn't hear anything on the CC that made me think Q1 would be all that great. But upcoming comp is fairly easy. Hopefully they can deliver Q1 earnings of .08-10/share and the stock will rebound to the $4's.
Wow on GFCI! Huge numbers!! Of course no SEC filings to verify. But earnings of .13/share for the first 6 months and expecting .23-.25/share in earnings for the next 6 months?? Worth a gamble at .70 IMO.
GFCI Operational Update and Earnings Guidance for 2004-2005
Thursday March 3, 2:54 pm ET
HOUSTON, TX--(MARKET WIRE)--Mar 3, 2005 -- Grifco International, Inc. (Other OTC:GFCI.PK - News), a provider of oil and gas services equipment to the worldwide oil and gas industry, announces net income of $2.6 million, or approximately $0.13 per share on $7.5 million gross revenue for the six months ending December 31st, 2004.
Grifco International goals for the second half of the year are predicated upon achieving significant growth in revenue and shareholder equity. Based upon Grifco's aggressive acquisition schedule and expanding product line, management believes the third and fourth quarter 2005 will earn an additional $0.23 to $0.25 per share for the fiscal year ending June 30th 2005. The Company's forecast is based on its ongoing projects and acquisitions, including:
GFCI Signs LOI to Acquire Global Oil Tools
Global is equipped with state-of-the-art machinery and produces a complete line of more than 6,000 with over 150 customers. Global has $1.2 million in inventory, $2.2 million in assets, $800,000 works in progress, $400,000 accounts receivable, and should add over $1.2 million in net profit to Grifco in the next 12 months.
GFCI Signs Completion Screen Joint Venture
The Grifco International PMC screen was developed in China under a long-term Strategic Cooperation Relationship with Halliburton and China Petroleum Technology Development Company, having been deployed and tested in all the major oilfields in China. Currently the screen is being supplied to Chinese National Petroleum Corporation, China National Offshore Oil Corporation, SINOPEC, and Halliburton. Management estimates the PMC screen will increase company revenue approximately $2.5 million in the next 12 months.
GFCI Markets SCUDA Tool
The worldwide crisis of potable drinking water suggests an immense market exists for this SCUDA tool. Grifco is expanding into the foreign arena by utilizing sales agents worldwide; presently, Grifco has agents in South America, Singapore, and China. Grifco believes it has the ability to effectively market this tool to domestic and international clients and estimates a potential revenue of $2 million in 2005.
GFCI Acquires KO-VAC Systems
KO-VAC Systems markets a vacuum-based disposal unit with electrical and diesel systems for fluid and/or solid clean up. GFCI anticipates KO-VAC to be worth $2 million per year after twelve months, and generate $4-5 million in the first 2 years.
GFCI Increases Production Output
GFCI's installment of a CNC Turning Center and CNC Mill allow Grifco to be highly competitive with its price quotes and delivery schedule. Grifco International has experienced a 500% production increase with the new machinery.
GFCI Establishes Rental Venture in Mexico
The rental service in Mexico should generate approximately $2.5 to $3 Million in revenue for 2005. Grifco looks forward to the continued expansion of its tool division in Mexico; Grifco de Mexico should contribute $5 to $6 Million in annual revenue.
Grifco Field Tests Corrosion Inhibitor Tool in China
The Corrosion Inhibitor Tool (Silver Hawg) performed for one year in the largest oil field in China. The test gives Grifco's agent in China the opportunity to sell approximately one hundred tools by the close of 2004. Sales in China for 2005 will likely double. The success in China should result in increased revenue (in China) for Grifco International, Inc. of approximately $1.5 million in the first year.
PEMEX Field Tests With Grifco International
PEMEX , the 3rd largest producer of crude oil in the world, recently completed joint testing with Grifco International, Inc. utilizing the "Silver Hawg." PEMEX has issued Grifco International, Inc. an immediate contract for additional wells; pending favorable review, Grifco International will prepare to supply up to 300 wells, while awaiting a third contract installation for the northern district of Mexico. The contracts with PEMEX will generate approximately $2.5 million.
Six Months Ended December 31st, 2004:
(UNAUDITED, in millions of dollars)
Earnings 7.5
Net Income 2.5
Per Share .13
"The strong results in the first half were in line with our expectations. If our acquisition schedule progresses as planned, our earnings projection of an additional $0.23 to $0.25 per share is attainable," stated Jim Dial, President and CEO of Grifco International, Inc. "For the first six months of our fiscal year, our profits are running approximately three times higher than the previous six months."
Grifco International, Inc. is a leading provider of oil and gas services equipment, specializing in the conception, architecture, and development of tools for the coil tubing, wire line, and snubbing industry throughout the U.S., China, Mexico and South America. Grifco's patented products are known and used throughout the world. In addition to our patented tools, Grifco designs and manufactures over 350 products for the Oil and Gas industry with a clientele boasting the biggest names in the business, including Halliburton, Exxon, and Schlumberger. Please visit www.grifco.org.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Company cautions that assumptions, expectations, projections, intentions, or beliefs about future events may, and often do, vary from actual results and the differences can be material. Some of the key factors which could cause actual results to vary from those the Company expects include changes in natural gas and oil prices, the timing of planned capital expenditures, availability of acquisitions, uncertainties in estimating proved reserves and forecasting production results, operational factors affecting the commencement or maintenance of producing wells, the condition of the capital markets generally, as well as our ability to access them, and uncertainties regarding environmental regulations or litigation and other legal or regulatory developments affecting our business. More information about the risks and uncertainties relating to the Company's forward-looking statements are found in our SEC filings.
Contact:
Contact:
Grifco International, Inc.
http://www.grifco.org
Jim Dial
(832) 295-1529
ir@grifco.org
--------------------------------------------------------------------------------
Source: Grifco International, Inc.
Thanks gilead on WTEK. I missed that. Looking at the financials for the past few years, there still seems to be some kind of slowdown in the Jan quarter. Hope not, as I just bought a few. If they can post Q1 earnings of .02+/share, stock should see a decent pop.
otc, re CGCP
I bought more shares after listening to the CC. Didn't hear any firm guidance, but they were extremely bullish. Company seems to be in best position in its history, and management sounds excited. Should see some strong revenue growth in 2005. Earnings more of a wildcard, but doesn't seem to be much factored into the current price. Especially considering the premium valuation that companies in the medical device sector usually receive.
tbone, nice find on WTEK. Good earnings last quarter. But it seems the quarter ending in January has been weaker than the others over the past 3 years. Didn't see anything about seasonality in the 10K, so not sure. Guess we'll know in a couple of weeks when the 10Q is released. I put it on my watchlist. Thanks.
otc, re ALLN
I tried to get some at the open as I figured it would pop on that PR. Decent volume, but my orders didn't go through.
Monster Q4 numbers. Earnings of .036/share vs. a loss. Q4 revenues up 32%. If not for an impairment charge, Q4 earnings would have been .053/share! BUT it doesn't seem sustainable at all. Noticed in the last 10Q that a large portion of their backlog was to ship in Q4.
Balance sheet looks good with .15+/share in cash. They've recently done some acquisitions, so the top line could keep on growing. But tough to gage the amount of dilution and profitability. Will be interested to see how they do on the bottom line in the coming quarters. One for the watchlist at least.
p.s. We should have spotted this one in November. This is from the business outlook in the 11/3/04 PR. We could have been accumulating in the low-mid .20's for the past few months.
"The Company estimates that revenue in the fourth quarter of 2004 will be in the range of $3.7 million to $3.9 million. The Company has increased its expectations for revenue for the full year 2004 to approximately $12.0 million to $12.2 million.
The Company anticipates net income attributable to common shareholders of between $150,000 ($0.02 per common share - diluted) and $300,000 ($0.03 per common share - diluted) in the fourth quarter of 2004."
CAMT dipped to $3.25. Trailing P/E below 8. Kind of a SWTX situation here. Q1 will be weak, so could drop lower in the short-term. But they guided for 10% annual revenue, so could post some good numbers later this year. Patience required.
stock peeker, re USOO earnings date
Last year they reported on 3/12, so we could see something next week. I picked up a few more shares yesterday as I think there is a good chance they'll post Q4 earnings of .05/share vs. .01/share last year, with revenues up 20%+.
otc, re CGCP
I don't see why a non-cash charge in Q4 due to the October financing would have much of an impact? I bought a few shares and might add more depending on the outlook in the CC.
CGCP.OB down on those numbers?? They had pre-announced the Q4 revenues, but $1.4M in income from operations had to be better than expected. Even with the financing in October, it seems Q4 earnings were .03/share. Healthy cash position. With the FDA approval of the laser in December, shouldn't Q1 benefit from 3 full months of sales instead of less than 1 month in Q4? This stock looks like it could trade over $1. I think some posters here own or follow this one, so would appreciate any insight. Thanks!
niles, re SWTX
Maybe so. Looks like a couple of sizable insider buys this week at $1.30. I'd still be leery about holding into that Q1 report.
OT gusmn, large spread philosophy? I think that poster may have me confused with someone else. I own several stocks with wide spreads. I would avoid something with a really crazy spread like .40 X 1.30. But if I saw a stock at .60 X .75 that I thought was worth close to $1, I would have no problem trying to accumulate near the bid.
stan, CTON just hit .60! Thanks again! There was no tax benefit in Q4 of 2004, but there was a large tax benefit in Q4 of 2003. So Q4 results were a significant improvement over the prior year quarter. They aren't paying taxes yet. If it wasn't for that backlog issue, this would look fantastic with earnings of .04/share last quarter and .28/share in cash on the balance sheet.
Len, re OISI
I think it's a solid company. It's just that I was ready to jump all over it when I saw they earned .06/share in Q4, and then disappointed to find out the majority was a tax benefit.
With Q4 pre-tax earnings of .021/share, it's not cheap enough for me. Annualized P/E of 15 on an OTC:BB stock looks fairly valued, unless I was confident that the earnings would increase significantly. OISI launched a couple of new products in Q4, hence the revenue jump. But net income was about the same as Q3. Not sure what to expect going forward. That PR from 11/9/04 sounds promising so I will watch for a dip below $1.
wade, re TGIS
I wouldn't expect 10%+ sequential revenue growth in Q1. It's possible, but I'd be happy with 5%. We'll know more about 2005 potential after we see the Q1 results, but I think 20% annual revenue growth is a reasonable target.
Because of the gross margins, obviously it will be tough for them to do better than .06 in Q1. But they have such an easy comp, that I think Q1 earnings of .04-.05/share will take the stock higher. Plus management seems determined to get the company some exposure in the investment community...should help the valuation.
Just noticed this Form 4 filing on TGIS.OB. Some of that volume last week was a director buying nearly 300,000 shares between $1.41-$1.55. Looking forward to the presentation on Thursday.
http://www.sec.gov/Archives/edgar/data/900017/000090266405000740/xslF345X02/srz05-0331_ex.xml