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WZE Bottom Watch
Big Block Buys been going through since yesterday at around 12pm notice the volume as well they will open the stock lower on virtually little to no volume then come in and buy up big blocks of shares even when walking it down they buy a half a million share blocks up and then walk the stock down on virtually little to no volume at all Big Money is clearly at work here and from the looks of it they are accumulating shares... its funny tho all this volume started yesterday and big buys i just wonder if someone knows something or some type of news has been leaked the bonds also upticked big yesterday at the sametime that the stock did... So i am thinking that thiers value here hell the bonds are trading at par now with thier face value some are trading over face value... and with the common stock over a 1$ a share i dont think that i have ever seen a bankrupt common stock over a 1$ get canceled... I am long this stock
YTEC Going to close at the HOD due for a run after 3 months of accumulation and consoladation
ULU .18 PartnerShip News should be coming soon
VSTNQ Adding here on this dip
LJPC Trading below Cash... .07 BB bands tightening up stocks flat lined due for a breakout
VSTNQ Double Bottom Last time ran 100% that it had this very same setup
ULU Shorts being allowed to cover way to easy on this one recently added to the SHO List volume has been HUGE of late
YTEC Breaking out after 3 months of Accumulation
ULU Added to the Naked Short Sell List or SHO List
VSTNQ Double Bottom on the 5 day chart there at 1.07 see it?? last time it had this setup the stock ran over a 100% with that said i am adding here
YTEC Breaking out w volume
Shorting 100k Shares of ULU
YTEC Breaking out w volume
Double Bottom on the Chart here at 1.07 Last time VSTNQ Had a Double Bottom Stock ran over a 100% With that said I am adding 5k shares here its on the 5 day pretty clear to see
Judge & Laywers must have had to call their Brokers LOL get me in Quick! LOL
Possibly There has to be a news leak here someone knows someting and they arnt selling they are buying and buying big...
If the Judge Aproves the Adhoc request this stock will absolutly EXPLODE another GGWPQ or pilgrims pride here must be going positive someone knows something they are loading up big time
The hearing must be going good
ULU Getting ready to Breakout
ULU You want a Bagger Next RPC Right here Volume is going NUTS
ULU is the Next RPC Volume is going nuts nearly the entire float has been locked up during the past week just like with RPC Same setup Bottom of the chart RPC ran from .23 to over 2.50 a share in a week think that were about to get a similiar move with ULU Accumulation phase is about done run is about to start get in at the bottom of the chart this is going to absolutly explode Huge Postive Results out just recently as well Hot BioTech here
ULU Here on the Dip Volume done twice the daily avg going to pull a RPC type move same exact setup
LJPC Trading below book value here recently had a buyout offer
ULU Alert Next RPC WOW Volume is going NUTS I dunno how much longer they can hold this one down here for
ULU is the Next RPC Volume is going nuts nearly the entire float has been locked up during the past week just like with RPC Same setup Bottom of the chart RPC ran from .23 to over 2.50 a share in a week think that were about to get a similiar move with ULU Accumulation phase is about done run is about to start get in at the bottom of the chart this is going to absolutly explode Huge Postive Results out just recently as well Hot BioTech here
YTEC Undervalued Chinese Banking play due for a breakout
VSTNQ Next GGWPQ?? or pilgrims Pride...
ULU Alert! Next RPC I dunno how much longer they can hold this down here volume is going nuts! nearly the entire float is locked up going to go
ULU is the Next RPC Volume is going nuts nearly the entire float has been locked up during the past week just like with RPC Same setup Bottom of the chart RPC ran from .23 to over 2.50 a share in a week think that were about to get a similiar move with ULU Accumulation phase is about done run is about to start get in at the bottom of the chart this is going to absolutly explode Huge Postive Results out just recently as well Hot BioTech here
ULU Volume is going Nuts Next RPC??
VBDG HUGE RUN COMING!
VSTNQ Next GGWPQ??? Charts look nearly identical or a pilgrims pride??
ULU Next RPC?? HUGE VOLUME ALERT
YTEC China Banking play volume has dropped down next to nothing
VSTNQ Next GGWPQ???
ULU The Next RPC?? Huge Volume..
VSTNQ= Next GGWPQ Run Done Starting hedges going to run the hell out of this value is there 8-10$+ a share value here
VSTNQ= Next GGWPQ Run Done Starting hedges going to run the hell out of this value is there 8-10$+ a share value here
YMI OMG WOW HUGE NEWS
YMI News
DRJ BLOW OUT EARNINGS WOW HUGE!!!
DRJ Blow Out Earnings WOW Huge! Dreams, Inc. Announces Record Financial Results For Fourth Quarter & Calendar Year 2009
Fourth Quarter - Revenue Up 22.3% to Record $43.3 Million, EBITDA Up 182% to Record $6.5 Million, Net Income Up 114% to Record $3.0 Million
Buzz up! Print
Companies:Dreams Inc. Topics:Earnings Related Quotes
Symbol Price Change
DRJ 1.63 +0.05
{"s" : "drj","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Dreams, Inc. On Monday March 29, 2010, 10:47 am
PLANTATION, Fla.--(BUSINESS WIRE)--Dreams, Inc. (NYSE Amex: DRJ) announced its financial results for the fourth quarter and twelve months ended December 31, 2009.
Fourth Quarter 2009
Revenues - For the quarter ended December 31, 2009, revenues were up 22.3% to a record $43.3 million, compared to $35.4 million generated in the same quarter last year. Before elimination of intercompany sales, revenues increased 21.2% to a record $45.0 million, compared to $37.1 million for the same quarter in 2008.
EBITDA* – For the quarter ended December 31, 2009, earnings before interest, taxes, depreciation and amortization were a record $6.5 million, up 182% from $2.3 million in EBITDA profits for the same quarter in 2008.
Pre-Tax – For the quarter ended December 31, 2009, income from continuing operations before taxes was $5.6 million, up 250% from a pre-tax operating profit of $1.6 million for the same quarter in 2008.
Net Income – For the quarter ended December 31, 2009, net income was a record $3.0 million, up 114% from $1.4 million for the same quarter in 2008.
Full Year 2009
Revenues - For the year ended December 31, 2009, revenues increased 4.4% to a record $85.5 million, compared to $81.9 million for the twelve months ended December 31, 2008. Before elimination of intercompany sales, revenues increased 3.3% to a record $89.8 million, compared to $86.9 million for the twelve months ended December 31, 2008.
EBITDA* - For the year ended December 31, 2009, earnings before interest, taxes, depreciation and amortization were a record $4.0 million, versus an EBITDA loss of $.7 million for the twelve months ended December 31, 2008.
Pre-Tax – For the year ended December 31, 2009, income from continuing operations before taxes was $.9 million, compared to a pre-tax operating loss of $3.0 million for the twelve months ended December 31, 2008.
Net Income - For the year ended December 31, 2009, net income was $.2 million, versus a net loss of $1.6 million for the twelve months ended December 31, 2008.
Points of Interest
Ross Tannenbaum, Dreams’ President & CEO commented, “These record results were largely determined by our E-Commerce successes which were led by our flagship brand, www.FansEdge.com and the dramatic growth of our web syndication business. For the quarter, the Internet division was up 44.0% to $35.0 million, versus $24.3 million for the fourth quarter of 2008. For the year, the Internet division was up 27.2% to $59.7 million, versus $46.9 million for 2008. E-Commerce will remain our primary area of focus.”
“We incurred some one-time, non-cash operating expenses that mitigated our results; otherwise, our core operations would have reflected even greater profits. Specifically, there were $220,000 in leasehold improvement write-offs due to the early closing of three Field of Dreams stores; and $260,000 in stock option expenses associated with stock option grants to employees.
“Also, the Company recorded as additional interest expense, $90,000 from a restructuring fee imposed on it by its senior lender and the Company recorded a one-time, non-cash, additional tax expense of $350,000 as a result of cumulative differences in deferred taxes. The cumulative timing differences in the deferred tax benefits associated with federal and state net operating loss carry-forwards and a return to profitability of the operations were the catalysts for the current period effective tax rate being 81% for book purposes; even though we did not pay any taxes. The Company expects its 2010 tax rate to be similar to historic corporate federal & state tax rates that approximate 40%.
“Considerable improvements in cash flow were the underlying theme for the last three-quarters of 2009. Cash provided by operations was $5.2 million in 2009, compared to cash used in operations of $5.8 million in 2008; as we successfully integrated numerous corporate savings initiatives, managed the reduction of our overall inventory levels while maintaining historical gross margins, and returned the operations to profitability.
“We were successful in orchestrating a classic turnaround. Our fiscal discipline, resourcefulness, superior sports e-commerce platform and talented management team delivered these record fourth quarter and annual results in an environment where many businesses struggled. We will continue to control costs, leverage our purchasing power to improve margins, expand our web syndication portfolio, sell more of our manufactured items through our retail channels and focus on E-Commerce. Therefore, we believe we are well positioned to continue this trend throughout 2010 and beyond”, concluded Tannenbaum.
Q4 2009 Financial Recap & Highlights: 2009 Financial Recap & Highlights:
$43.3M in revenues, up 22.3% $85.5M in revenues, up 4.4%
$6.5M in EBITDA profits, up 182% $4.0M in EBITDA profits, a $4.7M improvement
$5.6M in Pre-tax profits, up 250% $.9M in Pre-tax profits, a $3.9M improvement
$3.0M in Net income, up 114% $.2M in Net income, a $1.8M improvement
$35M in E-Commerce sales, up 44% $59.7M in E-Commerce sales, up 27.2%
Web syndication – JC Penney site goes live $11M improvement in cash flow from operations
Dreams, Inc. and Subsidiaries
Consolidated Statements of Operations - Unaudited
For the Quarter Ended December 31, 2009 and the Quarter Ended December 31, 2008.
(Dollars in Thousands, except share and earnings per share amounts)
Quarter ended
December 31,
2009 Quarter ended
December 31,
2008
Revenues:
Manufacturing/Distribution $ 3,428 $ 5,342
Retail 39,732 30,015
Other 112 46
Total revenues $ 43,272 $ 35,403
Expenses:
Cost of sales—manufacturing/distribution $ 1,588 $ 1,962
Cost of sales—retail 21,363 17,247
Operating expenses 13,565 13,891
Depreciation and amortization 456 442
Total expenses $ 36,972 $ 33,542
Income from operations $ 6,300 $ 1,861
Interest (expense), net (483) (281)
Other (expense) / income (230) 1
Income before income taxes $ 5,587 $ 1,581
Provision for Income tax (expense)/benefit:
Current (1,885) (181)
Deferred (702) –
Net income $ 3,000 $ 1,400
Basic and diluted income per share $ 0.08 $ 0.04
Basic weighted average common shares outstanding 37,559,698 37,545,576
Dilutive effect of stock options 1,492,733 0
Dilutive weighted average shares outstanding 39,052,431 37,545,576
Dreams, Inc. and Subsidiaries
Consolidated Statements of Operations
For the Year Ended December 31, 2009 and the Year Ended December 31, 2008.
(Dollars in Thousands, except share and earnings per share amounts)
Year ended
December 31,
2009 Year ended
December 31,
2008
Revenues:
Manufacturing/Distribution $ 11,470 $ 18,116
Retail 73,711 63,320
Other 354 546
Total revenues $ 85,535 $ 81,982
Expenses:
Cost of sales—manufacturing/distribution $ 5,497 $ 9,348
Cost of sales—retail 39,626 35,368
Operating expenses 36,226 37,925
Depreciation and amortization 1,819 1,347
Total expenses $ 83,168 $ 83,988
Income / (loss) from operations $ 2,367 $ (2,006)
Interest (expense), net (1,268) (926)
Other (expense) / income (238) (55)
Income / (loss) before income taxes $ 861 $ (2,987)
Provision for Income tax (expense)/benefit:
Current (9) 1,373
Deferred (702) –
Net income / (loss) $ 150 $ (1,614)
Basic and diluted income / (loss) per share $ 0.00 $ (0.04 )
Basic weighted average common shares outstanding 37,559,698 37,545,576
Dilutive effect of stock options 1,492,733 0
Dilutive weighted average shares outstanding 39,052,431 37,545,576
YE December 31, QE December 31,
2009 2008 2009 2008
Total revenue $ 85,535 $ 81,982 $ 43,272 $ 35,403
Total expense 81,587 82,696 36,747 33,099
Pre-tax 3,948 (714 ) 6,525 2,304
Net income / (loss) 150 (1,614 ) 3,000 1,400
EBITDA, as adjusted 3,948 (714 ) 6,525 2,304
Less:
Interest expense (1,268 ) (926 ) (483 ) (281 )
Tax expense / benefit (711 ) 1,373 (2,586 ) (181 )
Deprec. & Amort (1,819 ) (1,347 ) (456 ) (442 )
Net income / (loss), as reported 150 (1,614 ) 3,000 1,400
*EBITDA is a non-GAAP financial measurement that is defined as earnings before interest, tax, depreciation and amortization. We use this non-GAAP financial measure for financial and operational decision making and as a means to evaluate our performance. In our opinion, this non-GAAP measure provides meaningful supplemental information regarding our performance. We believe that both management and investors benefit from referring to this non-GAAP financial measure in assessing our performance and analyzing future periods. This non-GAAP financial measure also facilitates management’s internal comparisons to our historical performance. We believe this non-GAAP financial measures is useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision making and (2) they are used by institutional investors and the analyst community to help them analyze the health of our business.
DREAMS, INC. trades on the NYSE Amex Exchange under the symbol “DRJ”.
For more information on Dreams, Inc. and its subsidiaries, please visit: www.dreamscorp.com.
Except for historical information contained herein, the matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. When used in this press release and in any documents incorporated by reference herein, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify certain of such forward-looking statements. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Dreams, Inc. ("the Company") and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, products and services. Past performance is not indicative of future results. In addition to the risks and factors identified above, reference is also made to other risks and factors detailed in reports filed by the Company with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive.
Contact:
Dreams, Inc.Investor Relations:David M. Greene, Senior Vice-President, 954-377-0002Fax: 954-475-8785dgreene@dreamscorp.comorPublic Relations:Boardroom CommunicationsCaren Berg or Jennifer Clarin, 954-370-8999Fax: 954-370-8892caren@boardroompr.com or jclarin@boardroompr.com