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Strong defense play: Sunair Electronics (SNR)
"Sunair Electronics, Inc. is a Florida corporation that was organized
in 1956 and is engaged in the design, manufacture and sale of High
Frequency (HF) SSB/ISB systems utilized for long range voice and data
communications in fixed station, airborne, mobile and marine
strategic applications.
In 101 countries, including the nineteen member NATO community,
Sunair Electronics maintains an established presence in government
and military markets. Since 1956, Sunair has been predominant in the
field of high frequency point-to-point radio communications. Cost-
conscious and quality-conscious, Sunair remains dedicated to the
development, design and production of equipment that is as advanced
as it is reliable. Simply put, Sunair is far and away the most cost-
effective, proven, technologically respected source of supply in its
class."
http://www.sunairhf.com/
Total Cash (mrq): 3.41M
Total Cash Per Share (mrq): 0.9
Total Debt (mrq)²: 0
Total Debt/Equity (mrq): 0
Current Ratio (mrq): 26.097
Book Value Per Share (mrq): 3.904
Shares Outstanding: 3.80M
Float: 1.70M
% Held by Insiders: 55.28%
From the last 10Q:
DURING THE FIRST THREE MONTHS OF FISCAL 2004, THE COMPANY HAD SHORT
TERM INVESTMENTS AND CASH OR CASH EQUIVALENTS MORE THAN ADEQUATE TO
COVER KNOWN REQUIREMENTS, UNFORESEEN EVENTS OR UNCERTAINTIES THAT
MIGHT OCCUR. THE COMPANY'S KNOWN REQUIREMENTS CONSIST OF NORMAL
OPERATING EXPENSES. DURING THIS THREE MONTH PERIOD, CASH AND CASH
EQUIVALENTS HAD AN AVERAGE BALANCE OF $1,629,000 AS OPPOSED TO AN
AVERAGE BALANCE OF $1,506,000 FOR THE TWELVE MONTHS ENDED SEPTEMBER
30, 2003. CASH EQUIVALENTS ARE TAX EXEMPT MONEY MARKET FUNDS THAT ARE
READILY AVAILABLE FOR IMMEDIATE USE SHOULD THE OCCASION ARISE. IT IS
ANTICIPATED THAT THE COMPANY WILL REMAIN AS LIQUID DURING FISCAL
2004. THE CURRENT RATIO OF THE COMPANY AS OF DECEMBER 31, 2003 WAS
26.1 COMPARED TO 13.8 AS OF SEPTEMBER 30, 2003.
Read the last line of their earnings release here: "The majority of
the current back-log is expected to be delivered this fiscal year,
with delivery of a substantial portion in the second and third
quarters."
Therefore, SNR is going to be reporting vastly increased EPS
for Q2 and Q3.
=========
Sunair earned net income of $172,539 in the first quarter of fiscal
2004, or revenues of $1,377,916, as compared to net income of $69,052
on revenues of $1,159,754 for the quarter ended December 31, 2002.
Primary earnings per share for the quarter was $0.05 compared to
$0.02 for the same period last year, an increase of 150%. The
Company announced these earnings met expectations.
In January of this year, the Company announced receipt of a $1.7
million delivery order, which is reflected in the back-log at
December 31, 2003 of $5,132,370.
The majority of the current back-log is expected to be delivered this
fiscal year, with delivery of a substantial portion in the second and
third quarters.
mflutie
Regarding your email, the moniker is obviously someone that's just trying to give Winners Circle a bad name.
Hopefully he/she gives up or gets banned.
steel
Take a look at ISR here folks.
Substantially oversold here, today was capitulation...NO NEWS though. VoIP/Defense play.
** They are presenting at the homeland security conference on 3/30.
** They are expecting substantial net income in the coming quarters, and with their low shares outstanding, EPS will be impressive.
--------
From 3/12 earnings release:
Our current expectations for our second quarter ending June 30, 2004 are for revenue of approximately $14 million to $22 million with net profit ranging from approximately break-even to a profit of approximately $500,000. This wide range is due primarily to the uncertain timing of a single anticipated large transaction with a Texas public school district that is awaiting federal government funding approval. The timing of that approval may influence second quarter results, as well as the following two quarters, but that approval is not assured and therefore we provide a range of possible results that covers both possibilities. Looking further out, we currently expect revenue for our third quarter ending June 30, 2004 to be roughly $17 million to $25 million with net profit ranging from roughly $300,000 to $900,000. The broad range of possible results is again dependent upon the outcome of the expected large school district transaction that is contingent upon federal government funding approval. The significant improvement in expected profitability in the third quarter is due to both expected increased revenue and expected improved margins related primarily to recently announced partner profit enhancement programs by Cisco Systems, Inc. that we expect will result in improved gross and net margins in our Internetwork Experts, Inc. subsidiary.
hmmm Tag. Not so sure I agree with you there.
"...plenty of stocks go up in a down market. You buy them red on green market days"
The thinking against this maneuver would be that "If it can't go up on a green market day, then it sure ain't going up on a red market day". I'd rather buy a green stock on a red day for the same reason...but to each his own.
I started doing research on IPI but then got a headache. It's very complex and it almost seems like they make it that way on purpose! Looks like there's a lot of potential there though.
steel
I like pokerroom:
http://www.pokerroom.com/?ref=1468
Looking for nice position play here on MNDO. One of the best/most profitable VoIP plays out there. Over $2 in cash and looking for EPS of .23 this year. Pays a freaking dividend too (wish they didn't).
Additional DD on explosives-detection play IMX
Background in explosive detection:
Implant Sciences, incorporated in 1984, is using its core ion technology to develop, manufacture and market products for national security, industry, and medicine. Under development is a portable trace explosives detection device to identify explosives, narcotics and other toxic materials. Implant has received development grants from the US Army, Navy and Air Force, and, signed a cooperative R&D agreement with the Transportation Security Administration, which facilitates equipment evaluation and new government contracts. Implant Sciences recently received a $1.7 million contract from the United States Navy for the development of 3 commercial ready Quantum Sniffers. The Company has also received a $1 million contract from the Transportation Security Administration (TSA), an agency under the umbrella of the Department of Homeland Security, to develop a bench-top explosives detection device for airports across America. Additionally, the company recently signed an exclusive trace explosives detection pact with InVision Technologies (INVN). The agreement gives InVision an exclusive option during the limited evaluation period to enter into a definitive agreement for exclusive distribution rights to Implant's technology for aviation security.
Other businesses:
**Medical: Using its proprietary ion implantation and thin film coating technologies, Implant also manufactures and markets radioactive and non-radioactive products for medical use. Implant derives revenues from its radioactive seeds for treating prostate cancer that are distributed throughout the US by its direct sales force. Implant is also developing brachytherapy products for the treatment of breast, eye, and other cancers. Additionally, Implant modifies the surface characteristics of orthopedic joint implants to reduce polyethylene wear, thereby increasing the life of the implants.
**Semiconductor: Implant Sciences has been in the semiconductor industry for 16 years providing high quality custom ion implantation for semiconductor and non-semiconductor applications. We currently service most major universities and semiconductor device manufacturers with excellent quality (0.5-2% dose uniformity and repeatability) and quick turnaround time for even the most unusual implants. Implants are completed and shipped within 48 hours of arrival or less, with same day expedited service available.
mflutie is also an expert in dreaming about that which he cannot have...re: being handled by a woman
Hearing that IMX enables INVN technology.
In any case, like it here as a good play on the homeland security sector.
CPCI nice news w/ Sony. $4.42 in cash, trading at $5.60
Nice VSR news there. $30MM revenues will make an impact on VSR's top/bottom lines.
FWIW, his picks are GLOW and ALVR...about 99% sure.
steel
Seems like his plays span a long time frame and have no real emphasis on current stock price. May be good for investors but not us traders!
Today's tobinsmith spammail is titled: "From Boston to Beijing, WiMax Rules!"
I have figured out both stocks if anybody is interested.
steel
Anybody get the Tobismith spammail?
Added to anti-terror play VSR today.
These are some of the websites that VSR owns. There are numerous anti-terror products available. These are just a small part of VSR's anti-terror offerings, since the majority of VSR's revenues come from government services contracts.
http://www.versar.com -- company home website
http://www.homelanddefense.com - Homeland Defense Consulting
Services, Secure Architecture and Facilities Engineering
Design/Construction/Operations, Chemical/Biological/Radiological
Threat Support, Emergency Response and On-Site Incident Services, and Epidemic Outbreak Surveillance Advanced Diagnostics Laboratory
http://www.versarglobalsolutions.com -- provide engineering,
architectural, environmental, and construction services
http://www.geomet.com - Chem/Bio Laboratories, Personal
Protective equipment, Chemical Demilitarization, Engineering &
Science, Information Technology.
http://www.nbcprotect.com - B2B portal for homeland defense
products and services including Nuclear, Biological, and Chemical (NBC) protective gear
http://www.dtaps.com - Disposable Toxicological Agent Protective
System (DTAPS) - environmental suits.
Seems like a no-brainer here for a medium-term hold.
steel
You must be in SoCal like me. I'm just glad the Santa Ana's are gone!
Agree Tag. I find that I do a lot better on my own picks anyways. Gives me a chance to do more DD. I'm looking forward to adding to my VSR position on margin-call induced dips. I'd rather have a slow gainer without the scalpers, although if it pulled a CBTE I probably wouldn't complain.
DD on bioterror Amex play VSR
Did the DD as a comparison to CBTE, but it doesn't need the comparison to show VSR's potential. Only concern is lack of cash, but they are solidly profitable and growing their business.
VSR CBTE
Shares o/s: 7.26MM 2.51MM
Float: 6.10MM 1.4 MM
Revenue (ttm): 56.80MM 4.8 MM
Revenue/share: 7.7 1.9
Revenue (last Q): 14.3MM 1.34MM
EPS (6 mo. - fully diluted): +.09 .035
EPS (last Q - fully diluted): +.05 .005
Price/Sales: .42 2.1
Current ratio: 2.0 1.9
Debt/Equity: .21 1.1
Hi guys...not sure if u read the "L..." board, but I can repeat some of my more interesting DD here if you'd like. Most of the participants at the other board only care about sub-penny OTC's as you well know. In any case, good to be here...
Immucell (4.44) -- dairy and beef biotech play
Total o/s: 2.7MM, float: 2.3MM
Cash/sh: 1.59
Debt: 0
ImmuCell Corporation is a biotechnology company that is developing products intended to help reduce the overuse of antibiotics in animal and human healthcare and is manufacturing and selling other products that improve animal health and productivity in the dairy and beef industry.
ICCC amazing insider buying:
20-Feb-04 ROTHSCHILD, JONATHAN E Director 2,100 Purchase at $4.41 - $4.42 per share. $9,2712
19-Feb-04 ROTHSCHILD, JONATHAN E Director 2,300 Purchase at $4.36 - $4.45 per share. $10,0002
18-Feb-04 ROTHSCHILD, JONATHAN E Director 2,200 Purchase at $4.34 - $4.35 per share. $9,5592
17-Feb-04 ROTHSCHILD, JONATHAN E Director 600 Purchase at $4.25 per share. $2,550
13-Feb-04 ROTHSCHILD, JONATHAN E Director 2,300 Purchase at $4.16 - $4.22 per share. $9,6362
12-Feb-04 ROTHSCHILD, JONATHAN E Director 2,300 Purchase at $4.21 - $4.23 per share. $9,7062
11-Feb-04 ROTHSCHILD, JONATHAN E Director 2,100 Purchase at $4.11 - $4.12 per share. $8,6412
10-Feb-04 ROTHSCHILD, JONATHAN E Director 1,400 Purchase at $4 - $4.03 per share. $5,6212
9-Feb-04 ROTHSCHILD, JONATHAN E Director 1,900 Purchase at $4.34 - $4.4 per share. $8,3032
6-Feb-04 ROTHSCHILD, JONATHAN E Director 1,900 Purchase at $3.96 - $4.01 per share. $7,5712
5-Feb-04 ROTHSCHILD, JONATHAN E Director 900 Purchase at $3.94 - $3.95 per share. $3,5502
4-Feb-04 ROTHSCHILD, JONATHAN E Director 1,800 Purchase at $3.95 - $3.96 per share. $7,1192
3-Feb-04 ROTHSCHILD, JONATHAN E Director 1,900 Purchase at $3.86 - $3.91 per share. $7,3812
30-Jan-04 ROTHSCHILD, JONATHAN E Director 800 Purchase at $3.89 per share. $3,112
7-Nov-03 ROTHSCHILD, JONATHAN E Director 1,200 Purchase at $2.92 - $2.97 per share. $3,5342
4-Nov-03 ROTHSCHILD, JONATHAN E Director 1,000 Purchase at $3.01 - $3.02 per share. $3,0142
3-Nov-03 ROTHSCHILD, JONATHAN E Director 300 Purchase at $3.06 per share. $918
31-Oct-03 ROTHSCHILD, JONATHAN E Director 500 Purchase at $3.01 per share. $1,505
30-Oct-03 ROTHSCHILD, JONATHAN E Director 300 Purchase at $3.11 per share. $933
29-Oct-03 ROTHSCHILD, JONATHAN E Director 100 Purchase at $2.99 per share. $299
28-Oct-03 ROTHSCHILD, JONATHAN E Director 500 Purchase at $2.97 per share. $1,485
23-Oct-03 ROTHSCHILD, JONATHAN E Director 900 Purchase at $2.89 - $2.91 per share. $2,6102
22-Oct-03 ROTHSCHILD, JONATHAN E Director 1,160 Purchase at $2.81 per share. $3,259
21-Oct-03 ROTHSCHILD, JONATHAN E Director 500 Purchase at $2.76 per share. $1,380
10-Sep-03 ROTHSCHILD, JONATHAN E Director 1,000 Purchase at $2.62 per share. $2,620