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cash flow for cgnw
If the investing and financing expenses are the same as last q they will have a net increase in cash of about 60,000 giving a total cash balance of about $192,000 and eliminating the need for dillution or further debt. Negative equity will improve by close to 1/4 mil putting them at less than 1 mil shareholders deficit and that much closer to paying off the deferred commissions and other financing activities.
I will be interested to see how cash flow improved over last q despite a smaller profit when the 10Q is released.
The farther i delve into this annc the better it looks. In three months when they smash the comp of -.32 eps it will get noticed if not sooner.
one more note on cgnw
cash flow from operations was much better this q than last.
From the last 10q.
Net cash provided by operations 83,978
From yesterdays annc:
Net cash provided by operations was $303,594 during the six months ended December 31, 2004, compared to $17,743 for the comparable period in fiscal 2003.
The 10Q should provide some insight.
I hope so.
If it doesnt it will offer an opportunity for accumulation before next q's annc when they smash last years loss of .32.
Trading at a forward p/e of 3. Seems to offer a lot of value.
mr timmy ref tlst
I posted a remark about their earnings yesterday. They are profitable but do not represent value yet. If they can show continued growth it will get interesting.
.01 eps for the 9 month period vs a pps of .40 doesnt inspire me yet especially when i am holding a stock that has earned .05 eps over the last 6 mos and is trading at .34.
Cgnw
Next q's comp is a loss of .32 due to the sale of cst and subsequent loss of goodwill. That should provide a nice comparison.
On the negative side, they are just about out of cash now and we will either see some minor dillution or another type of financing. I think it may have already happened(minor dillution). The 10Q will show the story. Without it they would have been able to claim an eps of .03 for the q. $220,920 / 8,753,972 = eps of .0252.
Just a little growth would have gone a long way. Obviously if they can report .10 eps which they are on target for the pps will not remain at .34 but with a little growth the sky would have been the limit.
The story is still good enough for me to hang on at least another 3 months and wait for next q's .02-.03 vs last years -.32
cgnw
No growth and eps even down a fraction from last years comp. I must admit i am a little dissappointed but the beauty of this stock is that even with dissappointing earnings it is still a good buy right now IMO! It should see the .50's at some point in the near future. If they keep reporting .025 per q it has to get noticed at some point. They did not give any guidance other than to say they anticipate continued profitability. Hweb nailed this one with his prediction of flat earnings. Flat earnings means it is only worthy of a 50% move from this current pps in the near future.
I am dissappointed but i will take dissappointments that leave a forward p/e of 3 every time.
Thank you both!
does anyone know what the canadian to U.S. dollar conversion rate is? TIA!
Hweb i cant find too many good earnings annc's either.
This one looked good until i noticed the increase in shares.
http://biz.yahoo.com/bw/050209/95254_1.html
mr timmy ref tlst
http://biz.yahoo.com/bw/050209/95618_1.html
Doesnt represent any value yet but i will be interested to read the 10Q.
I read the eght (8by8) earnings annc and discovered that their sales for packet8 Voip services was up 30% this q.
That is one of the new products Cgnw is selling. How much of it is from CGNW reps? I dont know but if cgnw can pull out an extra 40,000 k profit from packet8 that would result in an increase in eps of .005.
They also sell the number 1 satellite dish service(dish network).
They also sell the only discount dialup internet service priced below $10.00 with 24 hour cutomer service support i can find.
They sell home alarms systems and service(General electric alarms), Wireless telephone service, Computers and accessories, along with follow me 800 service and many different types of calling cards and cheap long distance plans.
They sell to both individuals and businesses.
Earnings will be announced soon and i can hardly wait. Come on Cgnw management. Show me Top and Bottom line growth. I want to see 20% revenue growth with a 35% decrease in sga expenses(matching last q's).
tall
The news tall holders have been waiting on for months is finally out but as is always the case it leaves more questions than answers.
Guidance was .005 to .01 then was revised to .005 after the contract annc was delayed and now that the contract is finalized the guidance remains at .005. HUH????
Whatever the case may be it is undervalued.
Thanks Giliad
I didnt look past the annc since i would not own this stock at any price.
It must have been one ugly report to justify a trailing p/e in the 2's.
I have seen it sell of on glowing reports so it appears it makes no difference.
some things never change
http://biz.yahoo.com/prnews/050208/cgtu030_1.html
Down after announcing .21 eps for the year.
I have liked this stock for a long time and have mentioned it many times. I am not thrilled with the earnings annc but will not be surprised if it moves on the T.O. news. I think i also heard that T.O. slept in a (HypoBeric?) Chamber so who knows what the news really means. Small float and profitable but has not really reponded to positive earnings in the past.
Yes they do.
I havent received a response to an email i sent ir with some questions.
But i have gone over and over the 10q's and every statement i can find from management. I have visited their website and read up on their new products. I cant find anything that leads me to believe they wont continue to show improvement and with an o/s that small every bit of improvement impacts the bottom line.
I have pounded the table long enough on this one and wouldnt have even mentioned it todoy except for you did first and i wanted to point out a couple of facts.
We will find out shortly if the ceo is full of hot air or if he will continue to cut expenses and add revenues.
nice buy guy
take a look at the positive divergence on the weekly chart. Should get a bounce next week. I cant believe anyone would sell at .32 since it hasnt been below the 50 day m/a in 3 months not to mention that represents a forward p/e of 3.07.
http://stockcharts.com/def/servlet/SC.web?c=CGNW,uu[m,a]waclyyay[dc][pb50!b200][vc60][iUb14!Ll14]&am...
Bobwins ref Hold-em.
It is a great game and your right it has really taken off in popularity with the coverage it gets on t.v.
Maybe someday we should get some value-microcappers together and take a trip and try our hands at a tournement. That would be a lot of fun. After we all ride a 10-bagger maybe.
Icts
Is that the company that lost their business due to the Goevernment takeover of Airline security? If it is and i remember correctly they paid out some huge dividends a while back. Dividends that were large enough that holders may still be in the green. That is, if this is the same company i am thinking of.
No Bobwins.
I lived there for a couple of years and worked as an Operating Engineer/Heavy Equipment operator and had a hand in building several of the Casinos including the Stratusphere Tower, Sunset Station, The Catalina, The Orleans, New York New York amongst others.
I have spent enough time at the Blackjack tables to last my lifetime. I would however be interested in visiting to take part in a Texas Hold-em Tournement at some point.
Bobwins
Which Hotel/Casinos did you stay in/visit?
Mr Timmy Ref tlst
Congats on finding a pink sheet runner. A profit is a profit if you take one. Unfortunately their pre announcement doesnt mean much to me since i dont know what expenses look like and i dont even know how many shares are outstanding. They have stated that they will be releasing a 10q soon and i will look at it at that point. In the mean time it represents a huge risk to me personally. Whatever that is worth.
when all else fails. Sex sells!
GREENWOOD VILLAGE, Colo., Feb 02, 2005 (United Press International via COMTEX) --
Once-conservative Adelphia Communications Corp. will be the first to offer hard-core pornography in a major U.S. cable TV market, the Chicago Tribune reported.
Adelphia, the nation's No. 5 cable provider and No. 1 in Souther
n California, will begin offering triple-X-rated programming to Southern California customers on Friday, the newspaper said.
A spokeswoman said the programming will not be advertised and parents can block it from children's view. The hard-core sexual content will be delivered through video-on-demand technology, the newspaper said.
The move is a radical departure for Adelphia, which stirred controversy in 2000 by dropping the Spice channel because founder John Rigas considered the X-rated content immoral.
However, Rigas and his sons were convicted last summer of looting the company and fraudulent accounting.
Adelphia, which filed for Chapter 11 bankruptcy protection in 2002, is for sale. New management offered harder-core sexual content to boost the bottom line, the newspaper said.
wade ref cgnw
Last q they reported on the 4th. 11-4
Last year they reported on the 19th 2-19
We should see an announcement somewhere between the 4th and the 19th.
That question was posed in an email i sent to the ir dept. If and when i receive a reponse i will let you know.
dickmilde
So far it hasnt proven to hold any type of valuation. It is severely undervalued. Maybe it has more to do with the fact that chinese stocks are out of vogue than anything else. I dont know the reason it has never held onto its gains in the past but i cant imagine selling it if i owned it. The story gets better and better while the pps has never reflected any type of valuation. I hope those of you that own it see a valuation consistent with its growth and profitability. If so, it could be a huge gainer.
mpad and cxti
represent a good start to the earnings annc's. This could be a great q of continued growth and profitability for a lot of our little value micros. I think the next 3 months should tell the story for cxti. If it doesnt generate interest after this annc then i dont see how it ever will.
Len ref Hema
I took a quick scan of the last 10Q and it is very interesting. It sounds as if you have already figured it out. I will delve deeper and see what i can come up with but based on my preliminary scan the operations they have held on to are growing rapidly and at a highly profitable rate. They have also stated that they are now pursuing adding operations now that the restructuring is completed. It appears that they have figured out which operations are highly profitable and which ones arent so it stands to reason that any future operations that they add will be of the highly profitable nature. Like i said i only took a quick scan so i may have missed something but my interest is growing.
mr timmy ref tlst
Interesting products in a great sector but i cant tell you an opinion on them until they become a reporting company. I see that that is about to happen and thats great but pinks sheets.com shows unknown for number of shares o/s.
There have been no earnings annc's that i could find. It would be impossible to give an opinion other than from a t/a point of view. It did just break out so it could be in play. I wouldnt buy it because i wouldnt have any f/a to back up my t/a. But if i was going to play this i would wait for the inevitable pull back. Sorry i cant be of more assistance but there is just not much to go on. Once they become a fully reporting company then it may get more interesting.
len ref hema
You make a great point. I dont see it as a growth story. I simply see it as undervalued. Earnings probably will not increase but the stock is clearly worth over $2.00 per share when you factor in cash and book value(both of which should continue to increase with every profitable quarter. THis is not one i would expect a multibagger out of but i think it could gain 40% short term especially if they can post another .06 eps q.
spea
is that right? 52 week low .06. Current price over $13.00. Must have been a r/s at some point.
I havent bought or sold anything in a while but if you guys are right that is tremendous news. My biggest complaint about ot/bb stocks has always been the handling of orders by the mm's and their unwillingness to show the true bids and asks. I was so looking forward to the move to the (BCX?) or whatever it was called. Of course that was called off.
Thanks Hweb for your valued opinion.
While it scares me to be of an opposite opinion to both you and Bobwins i do find solice in a couple of things.
Both of your opinions appear to be shaped by actions taken by prior management.
and if you are right and earnings are flat compared to last year the pps still should get to around .60.
I see upside based on expense reductions if nothing else. $70k improvement for not having the expenses related to cst and further reductions of expenses could result in an improvement of .01 - .015 eps over last years comp.
I am on record predicting eps of .045 for the Q. I may learn a hard lesson in a few weeks.
I ahve written an email to the ir dept asking a few questions and if i hear anything of relevence i will share with the board.
Hweb
Do you still hold cgnw? Am i off base here? It seems to me that a combination of expense decreases and revenue increases resulting in a q over q improvement of $80K could result in a skyrocketing pps. Do you have a feel for the new ceo? Another penny stock scammer or a guy really trying to improve the operations of the company? Thank you for your insights.
Valuemind
Just because Hweb mentions a stock and it has an immediate spike followed by profit takeing doesnt mean his picks are not good long term investments. Go back and read his posts over the last couple of years.
It is not his responsibility to tell you when to sell. Take responsibility for your own portfolio.
Hema has fully retraced from its recent run. Back in the $1.40's now. Looks attractive.
Jmih
I would imagine the seasonality aspect is tempered by the fact that they are located in florida and it appears that they have a substantial backlog that should keep them busy even during the slow months. I havent done a ton of research on this one but it sounds like they take orders and clients wait for a long period of time for the finished product and if that is the case and there is a waiting list there probably is no seasonality at all.
I am wondering. Is the new facility up and running already and if so how much is their production capacity increased? Based on the size of the building it sounds like it has been increased substantially.
My only concern is can they increase profits fast enough to counteract the dillution aspect? Why issue shares to self for securing a loan instead of just buying the shares and using the money for operations instead of taking a loan out. It would even be better if they just sold the shares on the open market and used that money for ops instead of doing both. Dillution and debt.
Based on what they have said it sounds like revs and profits should increase at a faster rate than dillution and create value for shareholders but i think it would be a much better story without the dillution aspect.
Looks like i am on an island with cgnw. No interest leading into earnings. Pr should be out next week. If they are positive the ask should be .55 in seconds.
On a positive note swtx withstood the selling of what looked like 1 individual yesterday and is looking stronger.
Tall volume and pps have been moving up in recent days. A big volume day may be right around the corner along with a new recent high. Old one was .036.
Tall
Up Up Up!
swtx is getting some attention.