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Not bad if you look at the loan forgiveness gain. But remove this one time item and pretty ugly at first glance.
https://sec.report/Document/0001493152-21-025437/
With lumber prices way up (280% per Fortune - https://fortune.com/2021/05/05/lumber-prices-chart-2021-may-price-of-lumber-going-up-data-wood-shortage-why-so-expensive-to-buy-wood/) that should translate into a very positive thing for GLGI. Cleaner, longer lasting, recyclable all seem to work in favor of plastic pallets.
Got to think more and more companies will come around to using plastic pallets over wooden pallets.
Not very good. 3 mo results: sales down 26 percent and EPS went from .06 to .02
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001088413/000149315221008755/form10-q.htm
Earnings out this week? If history repeats, last year earnings came out Thursday, April 14. There has been some nice price appreciation and volume seems to be kicking up as well.
In the past the issue seemed to be with the automation of the equipment. Now is it that they need a top level salesperson to get some new accounts? Love to see these thing take off and firing on all cylinders.
I agree with the good quarter and being very under valued. Is not part of the problem that management refuses to put out its own PR? I mean not sure I have seen anyone do a worse job in that you are told to go to otcmarkets then click on disclosure. Really make you work for something they should be very proud of. Seems like this should be trading closer to $5 than $2.
Reply from CEO
Yesterday I sent an email to Warren Krugger, CEO of GLGI. I inquired about the reduction in sales and salesmen that are selling the product.
I suggest others do similar - call or email Warren with questions. Another suggestion is to request an investors conference call. Does not need to be at the end of the quarterly release - I would think this can be done anytime. Anyway, here is his response:
Thanks for the review Phaedrus77. GLGI is such an up and company. The market for plastic pallets seems very large and in its infancy but we are not growing as one would expect.
I did not see much in the quarterly report to get excited about. Why are sales slipping?
Maybe some other, larger better managed company will buyout GLGI.
Sales and Earnings estimate?
It was about 3 months ago since the last earnings report was released so I am expecting the same release some time this week or next. Things seem to be going along very well at this point.
Anyone want to venture a guess on what is to be expected? We appear to be getting close to getting into the land of interest for some funds. I think some funds are restricted to only look at companies with sales in excess of $100M - we are almost there. GLGI is trading near its highs and looks like it is ready to take off in my opinion but who knows where it goes...
Any updated analysis on the expected sales and earnings for GLGI? I know there was a very positive Seeking Alpha post some time ago. Surprised there has not been more activity on this board after the excellent earnings report.
BTW, I did not see anything about the $6M order from Wal-Mart. Where was that announced?
Good reply Dan. I wonder if they are intentionally making bad quarterly results to drive down the price to once again attempt a private takeover.
If they get some big contracts esp from AB this could take off but the poor communications and last quarterly results make me think it could be the takeover is what is in the works...
Natstocks, so what is your outlook for GLGI? I agree it is nice to see the CEO buying shares. Not sure what is going on with out companies he is involved in doing similar work. Sure wish they would release some good news on the AB pallets...
Any news on this one? Everyone waiting and hoping they get the big AB contract?
tchauncy as the main SPIN spinner, what is your outlook for SPIN? Will HALO eventually save the company? What has been the issues of late, why are they not able to execute?
Any idea when earnings will come out on GLGI? Looks like last report came out on 4/14 or about 4 months ago so seems like it is overdue.
Lot of smart people like MikeDDKing and NatStocks like this one and it does seem to have a lot of potential. Hopefully they have a big announcement with Anheuser Busch on pallet sales.
Natstocks, anything new or upcoming on this one?
Nice looking chart.
http://stockcharts.com/h-sc/ui?s=glgi
Mike, is GLGI still one of your largest holdings? If so, any chance you will be writing up your thoughts on GLGI?
MikeDDKing was that 40K trade today on GLGI yours?
GLGI does look very interesting. I know someone at Anheuser Bush in the St Louis warehouse and verified that 60% of pallets are plastic and will be increasing over time.
I see companies looking to automate more and more via robotics and so a more clean and consistent pallet makes sense. Most pallets get destroyed via forklift damage so you can see where the lighter fabricated plastic pallets are beneficial.
Lot of positives I am seeing on this one. Thanks for mentioning it a while back.
Frank, I think they may be listening to you. The stock is moving up sharply. Thanks for posting the info you have. This one looks very promising!
Revenues will be as expected. But now we now why they have been late on the financials. Instead of dilluting with additional shares the top guy has been squandering money. Really pathetic and likely criminal. Only reason he is around is because he is the disabled veteran.
the only "surprise" when the financials are released is the size of the theivery. All prior earnings will be restated as losses.
This thing is toast and has been. Now it is just stale moldy toast.
Nice post tchauncy, this company sees to have a lot of potential. Now it needs to just execute and deliver results and the stock price will follow.
SPIN was projecting earnings of 30 to 35 cents a share for the year at one time then updated to the lower end and then dropped the forecast. The last two quarters were disappointing losses.
This was apparently related to changes in the Florida laws and not focusing enough on the business. What has changed and what do you see for the next few quarters?
I did not hear the conference call. Numbers sucked big time no doubt, was that explained? Can someone post a recap of the conference call?
tchauncy, thanks for the detailed reply it was very helpful...
tchauncy, can you describe the business model used by SPIN?
From what I understand SPIN gets involved about six mos after a spin injury. After that it appears they may be involved to some extent in very expensive ($5K or $10K) spinal injections.
After that I believe they are fronting future anticipated lawsuit collections to doctors at a discounted rate and waiting to collect the difference.
Is that pretty much it? Or are they more involved in the actual pain management? I think it is confusing to many so a bit of clarity will be greatly appreciated.
I think MLKNA is quite possibly the best value micro cap out there. It is an undiscovered gem with huge upside potential.
Dow: 6,500, Gold: 850, Oil: 60
correction SNDY.pk (0.021) not 0.21
SNDY.pk (0.21) multiple purchase orders
Solos Endoscopy is pleased to announce that the Company has received multiple purchase orders for its MammoView(TM) line of surgical endoscopy instruments from Wheaton Franciscan Healthcare. Wheaton Franciscan Healthcare is one of the largest integrated, non-profit healthcare systems in Wisconsin. Solos Endoscopy's MammoView(TM) system employs advanced micro endoscopes and related instrumentation to provide the physician with clear and precise images of the milk ducts where the majority of breast cancers arise.
Wheaton Franciscan Healthcare provides nearly one-fourth of the total health care delivered in Milwaukee, Waukesha, Washington, Racine, and Ozaukee counties. With nearly 12,000 associates in Southeast Wisconsin, Wheaton Franciscan is the state's second largest private employer. Wheaton's growing financial strength gives them the means to reinvest in facilities, technology and clinical programming, ensuring that they will continue to provide exceptional care with the latest technology. Wheaton has six major acute centers across the state, hospice services, full medical laboratory, outpatient clinics, and programs designed to enhance their patents health and wellness.
"We are excited to be supplying our MammoView surgical endoscopy line of instruments to one of Wisconsin's most technologically advanced health care systems. Our product line is key in assisting doctors in diagnosing cancer at an early stage where patient treatment can commence immediately," stated Bob Segersten, President of Solos Endoscopy, Inc.
Solos Endoscopy recently announced that the Company has taken the initial steps to get the CE Marking for its MammoView(TM) line of surgical instruments. This will allow the MammoView(TM) line to be sold throughout the European Economic Union (EEU), which represents 30% or $94 Billion of the worldwide demand for medical instruments.
For more information on Wheaton Franciscan Healthcare, please visit www.mywheaton.org.
About Solos Endoscopy, Inc.:
Solos Endoscopy, Inc. is a healthcare technology company whose mission is to develop and market breakthrough technology, applications, medical devices and procedural techniques for the screening, diagnosis, treatment and management of medical conditions. Backed by technical support, Solos' sales team can help make the right buying decisions for the hospital, surgery center, or physician office. Additional information is available on the Company's website at: http://www.solosendoscopy.com.
SNDY.PK (0.017) is another medical device company with some good prospects. Anyone in this one?
http://investorshub.advfn.com/boards/board.aspx?board_id=8208
EVRM chart is interesting how it was driven down to .034 at almost exactly 11:30. Planned event? Sure has made a great rebound since then.
AVVH .009 gapping up
AVVH .009 moving up fast
KIK, thanks to your post, I did a quick review and got in at $0.19.
Just curious, where / what source did you use to get the news so quickly?
ETLY @ $.20; $100M electric car contract just announced...
(PR Wires) PRW: ECOtality's eTec Awarded $100 Million for Transportation Ele
ctrification
PRW: ECOtality's eTec Awarded $100 Million for Transportation Electrification
ECOtality's eTec Partners with Nissan for the Largest Deployment of
Electric Vehicles and Electric Vehicle Infrastructure Ever Undertaken
PHOENIX--(BUSINESS WIRE)--August 05, 2009--
Electric Transportation Engineering Corporation (eTec), a subsidiary of
ECOtality, Inc. (OTCBB: ETLY), a leader in clean electric transportation and
storage technologies, has been selected by U.S. Department of Energy for a
grant of approximately $99.8 million to undertake the largest deployment of
electric vehicles (EVs) and charging infrastructure in U.S. history.
eTec, as the lead applicant for the proposal, partnered with Nissan North
America to deploy EVs and the charging infrastructure to support them. The
Project takes advantage of the early availability of the Nissan LEAF, a
zero-emission electric vehicle, to develop, implement and study techniques
for optimizing the effectiveness of charging infrastructure that will
support widespread EV deployment. The Project will install electric vehicle
charging infrastructure and deploy up to 1 000 Nissan battery electric
vehicles in strategic markets in five states: Arizona, California, Oregon,
Tennessee, and Washington.
"By studying lessons learned from electric vehicle operations and the
infrastructure supporting these first 5,000 vehicles, the Project enables
the streamlined deployment of the next 5,000,000 electric vehicles," said
Don Karner, President of eTec. "Nissan's market leadership in electric
vehicles affords us the unique opportunity to develop and study the charge
infrastructure necessary to support the widespread deployment of EVs. eTec's
extensive experience in battery electric drive systems and electric vehicle
charging infrastructure, combined with the support of Nissan and over 40
government and industry partners, will enable this Project to successfully
pave the way for electric transportation nationwide."
The Project will collect and analyze data to characterize vehicle use in
diverse topographic and climatic conditions, evaluate the effectiveness of
charge infrastructure, and conduct trials of various revenue systems for
commercial and public charge infrastructure. With the goal of developing
mature charging environments, the Project proposes to deploy charging
infrastructure in major population areas that include Phoenix (AZ), Tucson
(AZ), San Diego (CA), Portland (OR), Eugene (OR), Salem (OR), Corvallis
(OR), Seattle (WA), Nashville (TN), Knoxville (TN) and Chattanooga (TN). To
support the Nissan EV, the Project will install approximately 12,500 Level 2
(220V) charging systems and 250 Level 3 (fast-charge) systems.
"ECOtality is committed to enhancing America's energy independence,
accelerating the market acceptance of electric transportation and supporting
President Obama's goals for job creation and advanced electric drive vehicle
deployment," stated Jonathan Read, President and CEO, ECOtality. "This
Project underscores America's leadership role in clean electric
transportation and exemplifies the Department of Energy's strategic
foresight and commitment to improving our environment and economy. By
developing a rich charge infrastructure in each market, this Project will
enable a successful consumer experience amongst early EV adopters and
increase market demand for electric transportation."
It is anticipated that more than 750 new employment positions will be
generated by the proposed Project by 2012. In supporting the market launch
of the Nissan EV, it is expected that over 5,500 new positions will be in
place by 2017 as a direct result of the proposed Project.
On August 2, Nissan introduced the LEAF, an electric vehicle and the world's
first affordable, zero-emission car. Designed specifically for a lithium-ion
battery-powered chassis, Nissan LEAF is a medium-size hatchback that
comfortably seats five adults and has a range of 100 miles to satisfy
real-world consumer requirements. The Nissan LEAF will launch in the United
States in late 2010. U.S. production will begin in 2012, at Nissan's
manufacturing facility in Smyrna, Tennessee.
"Nissan appreciates the support of the Department of Energy in helping
jumpstart the electrification of the transportation sector," said Scott
Becker, vice president, legal and general counsel, Nissan North America.
"This is a major step in promoting zero-emission mobility in the United
States. Nissan is looking forward to partnering with eTec to help make
electric cars a reality and to help establish the charging networks in key
markets."
The U.S. Department of Energy will provide funding of up to $99.8 million
that will be matched by Project participants. Federal matching funds will be
used to design, deploy, and operate a mature charging infrastructure in
support of future wide-scale deployment of EVs, and to evaluate the means to
improve the effectiveness of this charging infrastructure.
More detailed information about this announcement, including FAQs, is
available at www.ecotality.com. Broadcasters: interviews and b-roll are
available for download at www.ecotality.com.
About eTec
Electric Transportation Engineering Corporation (eTec), a subsidiary of
ECOtality, is a recognized leader in the research, development and testing
of advanced transportation and energy systems. With over two decades of
electric transportation experience, eTec has been involved in every electric
vehicle initiative in North America since the 1990s. Utilizing its patented
industry-leading charging algorithm, eTec operates the Minit-Charger line of
battery fast-charge systems for on-road electric vehicle, transit, material
handling and airport ground support applications. For more information,
please visit www.etecevs.com or www.minit-charger.com.
About ECOtality, Inc.
ECOtality, Inc. (OTCBB: ETLY), headquartered in Scottsdale, Arizona, is a
leader in clean electric transportation and storage technologies. Through
innovation, acquisitions, and strategic partnerships, ECOtality accelerates
the market applicability of advanced electric technologies to replace
carbon-based fuels. For more information about ECOtality, Inc., please visit
www.ecotality.com.
Nissan North America
In North America, Nissan's operations include automotive styling,
engineering, consumer and corporate financing, sales and marketing,
distribution and manufacturing. Nissan is dedicated to improving the
environment under the Nissan Green Program 2010, whose key priorities are
reducing CO2 emissions, cutting other emissions and increasing recycling.
More information on Nissan in North America and the complete line of Nissan
and Infiniti vehicles can be found online at www.NissanUSA.com and
www.infiniti.com. For media needs and b-roll, please see www.nissannews.com.
Forward-Looking Statements
This release contains forward-looking statements 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. All forward-looking
statements are inherently uncertain as they are based on current
expectations and assumptions concerning future events or future performance
of the company. Readers are cautioned not to place undue reliance on these
forward-looking statements, which are only predictions and speak only as of
the date hereof. In evaluating such statements, prospective investors should
review carefully various risks and uncertainties identified in this release
and matters set in the company's SEC filings. These risks and uncertainties
could cause the Company's actual results to differ materially from those
indicated in the forward-looking statements.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6023338&lang=en
CONTACT: Press:
ECOtality, Inc.
Colin Read,
480-219-5005
cread@ecotality.com
or
Investor Relations:
Alliance
Advisors for ECOtality
Thomas Walsh,
212-398-3486
twalsh@allianceadvisors.net
SOURCE: ECOtality, Inc.
Copyright Business Wire 2009