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Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.
ALLEN PARK, MI -- (Marketwire) -- 04/22/09 -- DIAS Holding, Inc. (OTCBB: DSHL) filed its 10-K report to the SEC, and announced today that sales totaled $14.5 million for 2008 compared to $14.5 million in the previous year. "Although we initially expected to top our 2007 sales," stated Sara Wang, CFO of DIAS Holding, "the Company encountered expediting costs in the third quarter, and a decrease in customer deliveries in the fourth quarter at our AFS subsidiary. These appear to be timing delays, as our customers stretch out deliveries during this recession. We are in discussions with these customers now for finalizing deliveries."
"Our AFS business mix is weighted on our aftermarket customers," stated Eric Huang, Chairman and CEO. "The downturn in the U.S. automotive market has also affected the aftermarket spare parts pipeline, and we are continuing our discussions with our customers for better forecasts."
The 10-K report cites start-up costs at its Detroit International Auto Salon subsidiary impacting its bottom line. "Despite the slight decrease in planned sales for 2008 at AFS, they solidly contributed for the Company," cited Ms. Wang. "We intend to harvest our strategic partnerships and relationships established by our auto salon subsidiary and make DIAS a larger contributor to our bottom line in 2009."
http://www.marketwire.com/press-release/Dias-Holding-Inc-977994.html
And .14 would ony be only 1 times sales, imagine. Like I keep saying .50+ looks to be where it should be valued and where it was trading last year doing the same sales numbers.
Saw that, CGI continuing to churn here, only a matter of tuime before the explosion to the upside and the massive short squeeze that will ensue.
You guys see the latest craze of Yokomo R/C drifting cars? DSHL's subsidiary Asia Forging Supply Company provides parts for these cars, go to bottom of page:
http://web.asiaforging.com/product.asp
Also have a look at a video of them in action, pretty damn cool:
yep have a feeling this one will be in-play for quite awhile as it has a long way to go to the upside to be trading at comparable price to sales ratios to others in the market as I mentioned in my previous post. Honestly, short-term I see this trading back to previous levels where it was not too long ago .50 -.65
Anyone see the problem with this? As of yesterday's close here are stocks in similar market's....DSHL is HEAVILY undervalued. Looking for a big move; look at the comment on WATG last week below as well. DSHL will be the next to get noticed by the masses imo to bring it to fair value and equal price to sales ratios to these others.
WATG:$5.48 CAAS:$5.02 SORL:$3.50 TXIC:$2.66 DSHL:$.025
related: 8:32AM Wonder Auto Tech: Brean Murray raises tgt to $7 following promising channel checks (WATG) 4.60 : Brean Murray raises their tgt for WATG to $7 from $5. The firm notes that they recently conducted a round of channel checks and have found that WATG's business has been positively impacted by the improving auto industry in China, especially in the months of February and March 2009. The firm expects the co to report 1Q09 sales and pro forma EPS above the firm's and the consensus estimates (consensus $0.14) and the co's own guidance and believes that mgmt could provide its 2Q09 guidance above the firm's and the consensus forecasts (consensus $0.17). Given its strong product offerings and solid financial condition, the firm believes that WATG should be able to take additional market share and should grow strongly over the next three years. Given the positive developments in the Chinese auto markets, the firm would recommend investors accumulate more shares at current levels.
DSHL consistently traded around 50 to 60 cents last year. Got as high as 3 dollars. Not much stock out there and good numbers in their latest 10K, should make it get back to those levels quick imo.
yep Seems to have flown under the radar for some reason. No doubt it should get back to those previous levels of .50+ seeing the latest 10K numbers and not much stock out there.
Seriously it's the deal of the century and it seems people are finally realizing that. A company trading at 700k doing 14.4M in sales, crazy. Also look who their customers are:
DANA Corporation
Edscha AG
COM engineering
DELPHI
Tractech EATON and
Affinia Group
These are HUGE corporations dealing in the auto parts sector. DSHL is way undervalued with clients like that.
yes honestly it should at a minimum be trading over .50 right now especially with the numbers they are doing.
Looks like more churning today, the big move is coming, like you said tic toc tic toc......
DSHL definately has a nice move coming. $14M in sales and trading at .01, fundamentally very cheap, crazy. 700k for a company doing 14.4M in sales, cmon lol, suprised it hasn't been noticed by the masses yet.
Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.
Wednesday April 22, 2009, 6:00 am EDT
http://finance.yahoo.com/news/Sales-Exceeded-14-Million-in-iw-14993777.html
Maybe DSHL waking up a bit here? Definately has a nice bounce in it. $14M in sales and trading at .01, fundamentally very cheap, crazy.
Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.
Wednesday April 22, 2009, 6:00 am EDT
http://finance.yahoo.com/news/Sales-Exceeded-14-Million-in-iw-14993777.html
Maybe DSHL waking up a bit here? Definately has a nice bounce in it. $14M in sales and trading at .01, fundamentally very cheap, crazy.
Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.
Wednesday April 22, 2009, 6:00 am EDT
http://finance.yahoo.com/news/Sales-Exceeded-14-Million-in-iw-14993777.html
Exactly my thoughts hence why I believe we see the audit news any day now and see a nice run
Yeah looking for that big run here soon...audit should be out anyday verifying those 5M revs.
Man they are relentless, that's for sure....
Perkin up, .45 break and off to the races?
The Bleeding Edge of the Car Biz
Written by Adam Lass, Senior Editor, WaveStrength Options Weekly
Goldman Sachs thinks you can make 40% on Ford. I think that figure should be a lot closer to 400%.
China has finally, truly and wholeheartedly embraced “21st century American-style capitalism.”
God help them.
Here’s the headline that popped up on one of my news feeds a day or so ago: “Chinese Carmakers Record Sales.”
That’s right, in the middle of a yearlong global recession, China is selling more cars than ever before. Skimming down through the article, one notes that sales of minivans are up some 40% Q1 2008 to Q1 2009.
http://www.taipanpublishinggroup.com/taipan-daily-042309.html
yep only a matter of time before this is trading in the 7-10 range.
Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.
Wednesday April 22, 2009, 6:00 am EDT
ALLEN PARK, MI--(MARKET WIRE)--Apr 22, 2009 -- DIAS Holding, Inc. (OTC BB:DSHLE.OB - News) filed its 10-K report to the SEC, and announced today that sales totaled $14.5 million for 2008 compared to $14.5 million in the previous year. "Although we initially expected to top our 2007 sales," stated Sara Wang, CFO of DIAS Holding, "the Company encountered expediting costs in the third quarter, and a decrease in customer deliveries in the fourth quarter at our AFS subsidiary. These appear to be timing delays, as our customers stretch out deliveries during this recession. We are in discussions with these customers now for finalizing deliveries."
Our AFS business mix is weighted on our aftermarket customers," stated Eric Huang, Chairman and CEO. "The downturn in the U.S. automotive market has also affected the aftermarket spare parts pipeline, and we are continuing our discussions with our customers for better forecasts."
The 10-K report cites start-up costs at its Detroit International Auto Salon subsidiary impacting its bottom line. "Despite the slight decrease in planned sales for 2008 at AFS, they solidly contributed for the Company," cited Ms. Wang. "We intend to harvest our strategic partnerships and relationships established by our auto salon subsidiary and make DIAS a larger contributor to our bottom line in 2009."
http://finance.yahoo.com/news/Sales-Exceeded-14-Million-in-iw-14993777.html
Sales Exceeded $14 Million in 2008 for DIAS Holding, Inc.
Wednesday April 22, 2009, 6:00 am EDT
ALLEN PARK, MI--(MARKET WIRE)--Apr 22, 2009 -- DIAS Holding, Inc. (OTC BB:DSHLE.OB - News) filed its 10-K report to the SEC, and announced today that sales totaled $14.5 million for 2008 compared to $14.5 million in the previous year. "Although we initially expected to top our 2007 sales," stated Sara Wang, CFO of DIAS Holding, "the Company encountered expediting costs in the third quarter, and a decrease in customer deliveries in the fourth quarter at our AFS subsidiary. These appear to be timing delays, as our customers stretch out deliveries during this recession. We are in discussions with these customers now for finalizing deliveries."
Our AFS business mix is weighted on our aftermarket customers," stated Eric Huang, Chairman and CEO. "The downturn in the U.S. automotive market has also affected the aftermarket spare parts pipeline, and we are continuing our discussions with our customers for better forecasts."
The 10-K report cites start-up costs at its Detroit International Auto Salon subsidiary impacting its bottom line. "Despite the slight decrease in planned sales for 2008 at AFS, they solidly contributed for the Company," cited Ms. Wang. "We intend to harvest our strategic partnerships and relationships established by our auto salon subsidiary and make DIAS a larger contributor to our bottom line in 2009."
http://finance.yahoo.com/news/Sales-Exceeded-14-Million-in-iw-14993777.html
yes no kidding huge short squeeze potential here like no other
Great news, looks like they are making a nice move to stay competitive in this environment.
Agreed
HUGE News just out.....
Gannett Announces Extension of Early Participation Date in Private Exchange Offer for its 5.75% Notes due 2011 and 6.375% Notes due 2012
Wednesday April 22, 2009, 8:59 am EDT
MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI - News) today announced that the early participation date in respect of its previously announced private exchange offer for its 5.75% Notes due 2011 (the “2011 notes”) (CUSIP No. 364725AE1) and its 6.375% Notes due 2012 (the “2012 notes”) (CUSIP No. 364725AC5) (collectively, the “Old Notes”) has been extended until 5:00 p.m., New York City time, on May 1, 2009 (the “Early Participation Date”).
On April 7, 2009, the Company commenced a private exchange offer to exchange $1,000 in principal amount of new 10% Senior Notes due 2015 (including a $30 early participation payment) for $1,000 principal amount of the 2011 notes, and $1,000 in principal amount of new 10% Senior Notes due 2016 (including a $30 early participation payment) for $1,000 principal amount of the 2012 notes. The exchange offer is being made only to qualified institutional buyers and certain non-U.S. investors located outside the United States. Holders who validly tender their Old Notes on or prior to the Early Participation Date, and whose Old Notes are accepted for exchange, will be eligible to receive the early participation payment.
The withdrawal date relating to the Old Notes occurred at 5:00 p.m., New York City time, on April 21, 2009. Old Notes previously tendered and Old Notes tendered after April 21, 2009 may not be withdrawn. The expiration date of the exchange offer will be at 5:00 p.m., New York City time, on May 5, 2009, unless extended.
Pursuant to the terms of the exchange offer, eligible holders of Old Notes may tender their Old Notes until the expiration date and still be entitled to receive the tender offer consideration if the Company accepts such Old Notes for exchange. However, any such tender that occurs after the Early Participation Date will not be entitled to the early participation payment.
This press release is neither an offer to purchase nor a solicitation of an offer to sell the Old Notes or any other securities. The exchange offer is made only by the offering memorandum and the accompanying letter of transmittal.
yes hard to believe, wondering if it will make a huge comeback or not. Would think someone would notice this as a great value play especially seeing how cheap it is.
10k just came out, says liabilities are 8.7M right?
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6551047
Can you believe DSHL is now trading for less than the price of an empty OTCBB shell. Odd. They did almost 19 million in sales last year and the company is trading for about 300K. Bid .0025 ask .005
yes hard to believe....
GCI not looking to good here hmmmm.
Feel this one will be in the 6-7 range shortly, then its off to eye MWM's target of 10
News Out!!!
Centriforce Technology: Desalination Demand Set to Explode
Centriforce Technology Corp. (Pink Sheets: CNFO): Water shortages are spreading worldwide as Australia, Asia, India, Africa, the Middle East, the USA and many other regions face serious shortfalls for fresh water. In spite of its historically high cost, 12,000 desalination plants have been built in 120 countries, according to the National Resource Defense Council. Experts expect the world market for desalination to explode in coming years as new technologies, such as those developed by Centriforce, offer economical water solutions to thirsty nations.
California: California has declared a statewide drought emergency. Many of the state’s reservoirs are down to 50% of target levels. California agriculture has been hit hard – this $35 billion industry is at risk of total extinction, according to Energy Secretary Steven Chu. Los Angeles gets most of its water from the 100-year old California aqueduct which brings the water hundreds of miles from the Sierras.
Moving and managing water in California uses 19% of all the state’s electricity and 30% of its natural gas. Desalination plants are now being built in California and more will be needed quickly. CNFO’s answer is economical, efficient and scalable.
Middle East: Desalination was developed in Israel and the Middle East to meet water shortages as populations grew. That trend continues as water becomes a strategic security issue for many nations. For example, Iraq depends almost entirely on rivers coming out of Turkey and Iran for its water supply. As these nations divert more water to meet their own needs, less and less water will reach Iraq. The Palestinians in Gaza have almost no water infrastructure and currently must depend on Israel for water. Desalination technology, such as that being developed by CNFO, is the best solution.
Asia: Asia faces “severe” water problems, according to the Asia Society Leadership Group. As the biggest and most populous continent in the world, Asia has less fresh water per capita than any other continent. One out of five people does not have access to clean, fresh water. China’s over-use of water reserves, India’s conflict with Pakistan over water resources and Indonesia’s widespread waterborne diseases all must be addressed soon to avoid political conflict in the region. Massive new infrastructure and desalination plants will be needed quickly to maintain equilibrium in the region.
Africa: Africa’s deserts continue to grow, its water resources grow more and more polluted and political instability prevents consistent water management policies. In short, Africa faces critical water shortages that drive population migration and conflict between peoples. Africa needs increased desalination infrastructure immediately to meet the needs of hundreds of millions of people who struggle to live without fresh water. Centriforce provides low-cost, efficient technology that answers these needs.
For more information, visit Centriforce’s website at http://www.cnfowater.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success.
Centriforce Technology Corp., Miami
Haim Silber, Corporate Secretary, 305-718-3330
hsilber@cnfowater.com
http://app.quotemedia.com/quotetools/newsStoryPopup.go?storyId=22044463&topic=CNFO&symbology=null&cp=off
Could it be that the huge short position is getting desperate and possibly has some connections to moody's? hmmmmm
Either way GCI downside is very limited at this point and th eupside is tremendous.
Still would think thats priced in already. Still feel as you do much higher levels are coming.
By the looks of it we may not see a new record, but will be close it seems from looking at todays action.
Lets see if that 50 day MA holds again.