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KTCC - Good grief. I know guidance wasn't great, but I wasn't expecting a 30% haircut on earnings of .25/sh
KTCC - Wow! If only they could've kept guidance for Q1 to be in the teens, not .02-.05. Hopefully this won't completely overshadow an absolutely blowout quarter, but I'm afraid that it probably will. Still, they sound very optimistic overall about 2009 opportunities. So, overall I'm pleased.
KTCC - I'm holding 2,000 shares into earnings. It's held up very nicely over the past 3 months (I had been looking into a bargain priced entry point, but never found any). I feel like the trend of 3.50 - 3.75 has got to break soon, so hopefully it's to the upside.
The yoy comp is definitely tough, but if we could hit the high end of .15 earnings, we should be trading well over $4. My fingers are crossed.
FSYS - Thinking of buying some Sept Puts on this rocket. Anyone think FSYS is still going to run, or is a correction imminent?
TALN - Nice catch. It does look like they're going to show a profit for Q2, which is a big contrast to their Q1 eps. I wonder if there are some one-time items included. It'll be interesting to see if the Q2 eps signifies a turnaround for the Company, or if it is more of an anomoly.
I bought some shares this AM at .21 as a spec play. Thanks for sharing.
So, tell me more about LS Industries... The only LS Industries I could find is located in Wichita, KS. I actually contacted management there and they've never heard of Anviron or a Steven Young (supposed former senior mgmt at LS Industries).
So, where is this big LS Industries that Anviron has spun-off from? I'd like to further understand the spin-off and the product offerings / market cap of LS Industries. Trouble is... no one's ever heard of it (even the real LS Industries).
I'm sure this has been asked before, but has anyone researched the various joint venture / contract companies that are in business with Anviron? I've tried to Google Thai Public Land Development Co Ltd, MetaCore Ltd, and Laboratorio Internazionale Agricoltura with NO results (other than the mention of Anviron). Has anyone been able to verify that these companies are legit?
Also, I find it strange that while the web site is nice looking enough, there really is no detailed information on their products such as sales channels, actual plant/product photos, pricing, etc. There's simply nothing of substance on the site to prove/disprove the existence of their NuSoil, Saltblocker, etc products.
Finally, I mapped out their Seattle, Washington address and did find a building that was populated by the Sandler Sales Institute. It could be that the building has multiple tenants and Anviron only occupies a suite (?), but I find it odd that Anviron doesn't come up in any searches of the property.
I'm skeptical, to say the least. It just blows me away to think that a company that reports .04 eps could possibly trade at under .05 without some huge (and I mean HUGE) warts. I want to believe that I've found an incredible opportunity here. So, please enlighten me. Help prove to me that this company is legit and not a scam.
MPAA posts .25 eps and beats expectations. I haven't sifted through the details yet, but they confirmed total year sales guidance. So, I'm pleased with the results on quick glance.
Motorcar Parts of America Announces Solid Earnings for Fiscal 2009 First Quarter
Monday August 11, 7:30 am ET
Net Income Up 90 Percent; Operating Income Up 38 Percent
LOS ANGELES, Aug. 11, 2008 (PRIME NEWSWIRE) -- Motorcar Parts of America, Inc. (NasdaqGM:MPAA - News) today reported sharply improved earnings for its fiscal 2009 first quarter -- reflecting continued benefits of its off-shore initiatives combined with a focus on more efficient manufacturing and supply chain management and the benefit of a $1.3 million accrual reversal.
Net income for the fiscal 2009 first quarter ended June 30, 2008 climbed 90.5 percent to $3.0 million, or $0.25 per diluted share, from $1.6 million, or $0.16 per diluted share, a year earlier. Operating income for the fiscal 2009 first quarter was $5.8 million compared with $4.2 million a year ago. Net sales for the fiscal 2009 first quarter were $32.7 million compared with $35.4 million for the same period last year -- reflecting the impact of customer purchasing and return patterns.
Gross profit for the fiscal 2009 first quarter increased 12.5 percent to $11.5 million from $10.2 million for the same period a year ago. Gross margin was 35.1 percent for the fiscal 2009 first quarter compared with 28.8 percent a year earlier, due primarily to lower manufacturing costs realized from improvements in manufacturing efficiencies and the reversal of approximately $1.3 million related to a customs duties appeal resolved during the quarter. Excluding the reversal of the customs duties accrual, gross margin was 31.1 percent for the fiscal 2009 first quarter.
``Fiscal 2009 first quarter results represent a continuation of the company's strong financial performance reported at year end. Margin improvement continues to be enhanced through the successful relocation of a majority of manufacturing to Mexico from California and greater utilization of production at our long-time operation in Malaysia. We remain focused on opportunities to enhance top-line sales growth and earnings performance, supported by organic growth and contributions from complementary acquisitions, such as a recently completed acquisition. Our strategy continues to be concentrated on leveraging the company's efficient manufacturing operations, capacity, sales organization and customer-focused relationships,'' said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
Joffe noted the write down of inventory for the quarter to reflect lower current production costs was offset by the reversal of customs duties accrual -- both in the amount of $1.3 million. ``Management is encouraged by the company's overall operating performance for the quarter, especially in light of the challenging economic conditions. The company remains on track to meet its net sales guidance of $150 million, including the contributions of synergistic acquisitions,'' Joffe said.
HOLI - Now I see why the PR was released today...to support the CNBC interview with some additional momentum. Nice pop! I can kick myself for trying to hold out for another 1k shares at 6.05 earlier this week.
HOLI - Great to hear that we're moving closer to entering the wind turbine automation control market. That said, I'm not quite sure why the PR was released? It doesn't announce any kind of definitive agreements, and isn't anything that most investors don't already know.
I guess it's good just to get some PR out there now that we're on the Nasdaq.
Nord - Thanks Monty for drumming up some interest here. I bought my 25k shares at .50 last week and thought it was a steal, but its since fell through the floor. Nice to see it looking a little positive today in my account. LOL.
HOLI - Yes, I just grabbed some shares at 6.10! I thought I'd missed the boat after the nice run-up into the $7's. I still want a few more, but I'll take 1k shares for now.
GORO.ob - Looking pretty cheap today at 4.20. I've got a bid in for a few shares. If they could only get their remaining required permits taken care of, I'd feel so much more comfortable with an investment here.
ANVH - I always have bad luck with pink sheet companies. I have a hard time researching, figuring out the share structure, and ANVH has been all over the place in terms of share price. I'm also always fearful that managment will use this as a printing machine (there are 502m authorized shares, though only 100m issued and 25m in public float).
That said, it's worth a small gamble simply based on earnings. To earn almost .05 a share on a stock that trades for .05 is simply absurd no matter how you look at it.
Scam or not, I bought some shares. It was too tempting.
I hope you bought a boat load. The sp is up 70% on the day. You're right...probably a scam, but its hard to ignore .04/sh earnings on a stock that trades for .04
Any call ideas for EOD, or everyone think tomorrow will look ugly as well?
NRDS - Oh, and I don't know if anyone noticed from a poster on the iVillage site, but it sounds like Nord is close to getting their air quality permits:
A poster on InvestorVillage posted his response from the Company that "The AZ Dept of Env Quality has approved NRD’s air quality permit. The 30 day public comment period began on July 9 and a public hearing is scheduled for Aug 12. Assuming no material issues are raised, the permit should be issued soon thereafter."
Maybe that will help to stop the falling share price.
NRDS - And the scary part about the decline to .50 is that there was 856k in volume on the drop (about 8x normal volume) on Friday. One big seller was certainly looking to unload.
I haven't been in NRDS since it was above $1, but I bought some shares at .50 on Friday. Call me a glutton for punishment, but I couldn't help myself. I by no means loaded the boat, so I'll be interested to see if it continues to drop further. It seems like a steal at .50, but so do many other pre-production Jr's right now. In the wake in a breakdown in the commodities markets for zinc, lead, nickel, etc.), it's always possible that copper will be the next to soften. We'll see...
Thanks!
NFLX - Seriously, I think it's going to become harder and harder for Netflix to make any kind of margin on their sales as more and more people move to downloading movies from the internet (as well as on demand, etc.) I know Netflix wants to be an online content provider as well, but others can easily move into this space.
Any thoughts on which puts look the most attractive right now?
I bought 200 shares of TEX today at $50. I was under water for much of the day, but with those results, I think I'll be sitting pretty tomorrow!
I sold half my holdings at 3.78 today (wasn't paying attention when it hit the high 3.80's ~ that cost me big time). That's a bit of a loss from yesterday, but still higher than I was 2 days ago.
I'm still bullish on etrade long term, but am not much of a swing trader, and I'm sure we'll see some big swings over the coming months.
I also still have 100 Aug $4 options that I'm holding in case etrade turns significantly higher. So, I think I've positioned myself pretty well either way.
I'm still a believer, but am thinking I'll get some cheapies in a few weeks. We'll see...
I'm still in. I make it a point never to see in the first 1/2 hour of trading. I will probably reduce my holdings a bit today, but hopefully in the $3.70s (as opposed to the 3.40's where we opened).
I still like etrade as a long term hold, but I can't stand another 3-6 months of heavily manipulated trading. It's exhausting. I'm going to redelpoy a portion of my money elsewhere, and just keep a core holding that I won't have to sweat every 5 minutes.
I'm counting on it. I also bought 100 August $4 calls for .10 early last week, so am definitely pulling for us to hit $4 sooner than later.
If we can end the day hovering just shy of the $4 mark, even just a "decent" conference call tonight should give us a bump tomorrow (if you look at how all the other financials have moved after their results ~ both good and bad).
I think we'll easily pass $4, because I'm banking on some nice improvements in eps and fewer HELOC defaults. The market's never rational though, so lets hope etrade blows the analysts estimates away (and it wouldn't hurt if WM also surprised tonight).
KTY.v - Bobwins, thanks so much for the tip. I jumped in after I read your conversation with mgmt, and grabbed 24k shares at .52. I could kick myself for not buying more in retrospect. Still, it's trading at .60 now, so I went ahead and took my $1,920 profit. I probably left up to $1,440 still on the table, but with the small risk with deal completion and timeline, I decided I didn't want to actually wait for the buyout to complete.
Still, I owe you one (again)! Congrats on your very early entry into KTY. I'm sure it's been a bright spot in an otherwise tough Canadian market.
Is everyone excited for this week??? BOA just beat expectations by a long shot this morning, so hopefully E*Trade will ride the momentum today. I'd love to see it touch $4 before the E*Trade earnings are announced tomorrow afternoon. I guess it depends on how long the BOA market sentiment holds to see if we get there.
E*Trade earnings should without a doubt beat the average estimate of -.13 a share. I'm guessing they post a high single digit loss, which should be good enough to keep the share prices steady, and hopefully give us a nudge towards $4.50 - $5.00. The forward guidance on the CC is going to be the key. If we announce an expected Q3 profit, I think the market is going to be forced to recognize that the turnaround plan is working. I'm also interested to see if the DART's held up for June like they did in April and May. Lastly, I want to see how well the Mobile Pro did in terms of new customers and sales (on the Blackberry).
I have 100 $4 Aug calls that I bought at .10 last week. I'm really hoping that they'll be in the money VERY SOON. Time will tell...
KTY - So, I'm surprised that there is still a 27% disconnect between the proposed buyout per share and the current sp. On the surface, it seems like easy money to me. Of course there are risks associated with an investment since the deal could fall through. But, for a 27% gain that is highly likely by August, I'd think more people would be interested in giving it a shot...
I'm tempted, but it looks like there is still plenty of selling at .52 and the bids aren't necessarily stacked up either. Strange.
Exceed Energy EX-A.v - Looks very interesting. Nice find! It sounds like they have 2 additional wells that are awaiting tie-in in the coming weeks. Any idea what kind of additional production they will add?
I'll have to do some digging. I'm interested to know if they have other plans for further drilling around the Lodgepole well and what size the pool of gas is.
It certainly looks interesting at .11 - .12 share. I picked up a few.
FKWL - I picked up some shares today at $1.85. I like the fact that the $7M contract should add to revenues in Q4 (at least partially), and should easily help Franklin post a strong quarter. Also, Sprint has released its U680 mobile broadband card, which will be the first card compatible with the MacBook Air's single USB port. This is nothing but the Franklin CDU-680 with a Sprint logo. So, I expect Franklin sales to be fairly strong even without the order from Mexico.
If Q3 sales/revenues are similar in Q4, I could easily see $10m+ in revenues and .09 a share earnings for the Q (using my bar napkin math).
This seems like a good investment and a solid buy below $2
I also added 1k at $3.08. I wish I would have waited for the $3.03's. It's now back up to $3.08 and I sure as heck hope it stabilizes north of here.
Anyone see the Artisinal segment on the Today Show on June 27th? Here's a link:
http://www.msnbc.msn.com/id/21082548/
CMM - You can also use the SEDI site to track insider purchases and sales. It looks like as of June 19th, Wega still owned 20,355,146 shares. How they unload these in the current market is beyond me, but the share price will obviously go nowhere with that kind of selling pressure.
https://www.sedi.ca/sedi/SVTItdSelectInsider?locale=en_CA
Me too. I added some 3.05's, some 3.13's, and some 3.17's today. With my luck, I'll probably regret it. But, I feel like E*Trade has already been very forthright with its HELOC issues and is on the way to improvement. The market just sucks. We may have another rough day on Monday, but I'm hoping a psychological $3 barrier will hold and we'll start the upswing in July.
FMA - Another good update, and we drop another 3% on practically 0 volume. I guess it's going to take record profits/cash flow in the next quarterly for anyone to wake up and pay attention. Even then, I'm not sure how much of a run we can hope for given the anemic activity in base metals stocks. I'm holding, but have been very disappointed thus far given the fact that FMA is a profitable producer and should be valued significantly higher.
PDO - I agree with you 100% marvelmeister. It's just amazing that momentum players/funds can do with a low float stock with very little inherent value and poor prospects. While a .22 EPS quarter is much improved for this Co, it just baffles me that PDO has shot up into the $44's and investors continue to pump it higher and higher on a daily basis.
This stock WILL break, so maybe today is the day...?
You could probably create an identical writeup for FPP today. In fact, FPP's 12 month trailing P/E is actually worse than PDO's (89x vs 69x) it it made a whopping .04 per share last quarter. A share price of $7 is just ridiculous for this company, and the pump still seems to be "on". Plus, the float is 4x that of PDO (5.3m vs 1.4m), so I would think it would be that much harder to keep the momentum run going on this one.
I never could get any PDO shares to short, but I have a few FPP and am hoping I don't get stopped out before the back finally breaks. We'll see...
FPP - Oil prices starting to dip today. I imagine FPP may start to weaken a little since it seems to be married so closely to oil price momentum. There might be an opportunity to re-enter later in the day...
ISR.to - Bobwins, were you able to get an update from Monday's big meeting? I'm still kicking myself for never pulling the trigger on this one when it was in the .80's. If the sp does weaken from some kind of management struggle, I might look to take a position. Has there been any update on the Pakistan drilling?
Thanks!
FMA, I'm still holding. I can't figure why it's not at least holding steady today. It seems like a steal with the coming earnings/cash flow that we all know is going to be extremely impressive.
I'm scratching my head on this one for now.
FPP seems like a good short to me anywhere around $7. The public float is over 5m, so it doesn't quite have the potential of PDO. Who knows, maybe there is one more pop left before this turd starts to drop.
FPP - I was thinking that this was a headfake and it was going to drop today. It's starting to look weak after a fast open...