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abh: RE: CHAR
Thanks for all the information, and I do see that Allen holdings has sold in excess of 100,000 shares this week. If Allen decides to cash out of their 4+ million shares, CHAR would be pressured for the forseeable future.
Thanks again.
ABH3vt: re CHAR
I just picked up some CHAR. Are you still positive on them given the recent developments (including the CFO's departure)?
Thanks.
GIGA earnings are bad. I mean real bad.
I hope no one held this one into earnings.
http://biz.yahoo.com/bw/051027/275912.html?.v=1
Valuemind: VTEK
<<Nelson, How do you think VTEK valuation comparison to other VoIP stocks?>>
Obviously VTEK compares favorably to other VOIP stocks, however as a percent of total sales, VOIP products are certainly not the majority of VTEK's sales.
VTEK's metrics at the current price of $5.45 and market cap = 20.3 million:
P/Sales = 0.46
P/Earnings = 13
P/Tangible Book Value = 1.6
P/prior 12 months Gross Profit = 1.28
Cash = 28% of Market Cap, and Debt = $0
However, their are negatives. VTEK makes phone systems - this is no longer the cutting edge of tech. Their competition includes Cisco and Avaya. The components they make are at risk of being commoditized, and price competition is fierce. They are joined at the hip with LG electronics - in each of their 10k's they state that this relationship (which includes LG's large ownership interest) may preclude other companies from buying them out.
Having said all that I like VTEK.
Valuemind RE:VTEK
VTEK's seasonally weakest quarter is the first quarter and the fourth quarter is their second weakest.
I'm currently long VTEK and I've traded it quite a bit for the last three years.
CIBC says buy O&G:
07:13 Recent oil & gas sector pullback creates attractive opportunity -- CIBC
CIBC says that a fundamental reason for the oil & gas sector pullback is fears regarding demand destruction and the potential for a dramatic pullback in gas prices. Overall, the firm believes the market has priced in the worst case scenario for gas and the risk/reward is attractive. Firm believes that a large scale consolidation wave is likely to emerge and, as the recent OXY/VPI transaction demonstrates, there is room for sizeable premiums to be paid. Consolidation will be an important catalyst to move sector valuations higher heading into winter. Firm believes there will be a rally heading into winter and the recent pullback presents an attractive buying opportunity.
BLSC bought out for 8.77 cash
I was just going to post that with the quarterly report released Friday post close BLSC was extremely cheap
I've held this one for a long time (around two years), but sold some after the quarterly report a few months ago. Wish I hadn't. Bobwins or Hweb were recommending this stock 3 or 4 months ago and I hope they held.
Wade: RE MAJR
I think you'd want to sell 4001 shares prior to the "split transaction" date (that date has not yet been determined) and then keep the remaining 999 for the $1.90 offer. I would imagine you would get a decent price (something under $1.90)for your 4001 shares since people will be looking to buy MAJR in lots of 999 to scalp a few bucks.
Or just try to sell the whole enchilada for something a bit under 1.90.
Congrats
Thanks for the TMR spike info Oilman. I probably sold too soon but short term profits are hard to pass up in these markets. Will probably put the money back into another O&G tommorrow AM. Unfortunately, I'm a Balance Sheet kind of guy, and there are no other O&G's (that I know of) with one as strong as TMR. Probably EPEX (which I sold in the AM).
BTW, are you familiar with AE (Adams Resource and Energy)? They do have a strong balance sheet, but besides doing E&P, they're involved heavily in Full truckload/tanker load distribution, and O&G trading - which I don't like.
TMR going against the grain
I just sold afterhours at 4.43 for a 60 cent gain.
That means in the next half hour they will announce they've been bought out for six bucks.
TMR going against the grain UP 9%
Someone's buying the crap out of it with huge imbalances (it was 4.02 on the bid and 3.86 on the ask at one point).
I bought a little bit earlier today. I admit I don't know O/G that well but on a TBV basis and on annualized GP's they are relativeley cheap.
Obviously the hurricanes killed them, but I believe that's built into the price. Looking past '05, they are a value.
Having said all that, you don't want to lose quick gains in this market, so I may just sell out and pick up one thats down for the day (EPEX).
Halliburton Awarded Contract
Halliburton Given Contract To Rebuild Cheney
October 5, 2005 | Issue 41•40
WASHINGTON, DC—Halliburton was awarded an $85.5 million contract to rebuild damaged U.S. Vice President Dick Cheney Monday. "We are proud to serve the executive branch in their hour of need," CEO David J. Lesar wrote in a statement released later that day. "Due to our vast experience with oil-well fires and refinery mishaps, we are well-versed in the sort of reinforcement, rewiring, and exoskeleton refitting Mr. Cheney so desperately needs." The Department of Ways and Means defended awarding the contract to Halliburton on the grounds that they had done the original work on Cheney in the 1970s.
the onion
Allis-Chalmers Energy Acquires Target Energy Inc.
Tuesday October 11, 6:00 am ET
HOUSTON, Oct. 11 /PRNewswire-FirstCall/ -- Allis-Chalmers Energy Inc. (Amex: ALY - News) today announced that it has enhanced its directional drilling operations by acquiring Target Energy Inc., the U.S. measurement-while- drilling (MWD) operations of Target Energy Group, which is headquartered in Aberdeen, Scotland.
Micki H. Hidayatallah, Chairman and CEO stated, "This acquisition brings exciting operational and strategic opportunities for our company. Operationally, our directional drilling team has had a close working relationship with Target Energy for many years. During that time, we have gained a tremendous amount of respect for their team and equipment. This acquisition will allow us to continue to provide our directional drilling customers with a suite of high quality service offerings. Strategically, the acquisition ensures our Company access to MWD kits in a market that is experiencing a tightness in capacity."
http://biz.yahoo.com/prnews/051011/datu024.html?.v=28
Lentinman: OT: Royals:
The Royals did something no other team could ever do;
Win a World Series with a starting line-up that included Buddy Biancalana, Daryl Motley, and the aged Jim Sundberg.
Add a First Baseman who couldn't throw, Steve Balboni; and an outfielder who would constantly fall down in the field, Lonnie Smith, and you got yourselves the 1985 World Series Winners!!!
FWIW: HURC started w/Buy and $26 target
08:01 HURC Hurco Companies started with a Buy at Serne, Agee & Leach; tgt $26.50 (16.64 )
Sterne, Agee and Leach initiates HURC with a Buy and $26 tgt, saying they believe one of the strongest potential long-term growth drivers for HURC and the machine tool industry comes from the emerging markets.
I've been out of HURC for a long time, but I believe someone here posted they re-entered recently.
WADE,the stock (DXPE) shot up b/c of solid earnings, but more so b/c investors saw it as an undiscovered oil play (when in fact a large portion of their business is janitorial supplies/distribution). You can't complain that DXPE shoudn't be going down b/c its not actually an oil play, when in fact thats the reason it shot up.
SMID announces earnings, .02 (but big backlog increase)
Disclosure: I'm long since .70 cents but sold most along the way.
Press Release Source: Smith-Midland Corporation
Smith-Midland Corporation Announces Results for the Quarter Ended June 30, 2005 and Substantial Increase in Backlog
Monday August 15, 4:44 pm ET
MIDLAND, Va.--(BUSINESS WIRE)--Aug. 15, 2005--Smith-Midland Corporation (OTCBB:SMID - News)- and (Boston Stock Exchange:SMID) announced the company reported total revenue of $5,298,199 for the quarter ended June 30, 2005, compared to total revenue of $5,469,578 for the same period of 2004, a decrease of $171,379, or 3%. Net income was $74,261 for the quarter ended June 30, 2005, compared to a net income of $425,619 for the same period of 2004, a decrease of $351,358.
ADVERTISEMENT
The company reported total revenues of $10,902,655 for the six months ended June 30, 2005, compared to total revenue of $10,662,368 for the same period of 2004, an increase of $240,287, or 2%. Net income was $927,395 for the six months ended June 30, 2005, compared to $383,795 for the same period of 2004, which is an increase of $543,600.
As of August 12, 2005 the Company's unaudited production backlog was approximately $11,700,000 as compared to $6,700,000 at the same time in 2004. The increase in the Company's backlog is due to improved economic conditions in the construction industry, which translates into greater demand for our products. Many of the projects relating to the backlog were scheduled to be produced in the second quarter but were delayed due to obtaining approvals from various state agencies. These projects, in addition the other projects included in the backlog, are now scheduled to be produced and erected in the second half of 2005 or early 2006. Also, the Company has seen significant increases in the demand and sale of its Slenderwall(TM) and soundwall product lines with three soundwall projects scheduled for production in the second half of 2005. Due to the lighter weight characteristics of Slenderwall(TM), the Company has been able to considerably expand its service area into regions that previously could not be reached economically.
CXTI - new 13mil contract announced this am:
<not sure if you guys already know)
China Expert Technology Awarded a $13 Million New E-Government Contract in China
Wednesday August 10, 9:42 am ET
15 months contract for 3rd phase e-government system of Jinjiang city, Fujian
HONG KONG, Aug. 10 /PRNewswire-FirstCall/ -- China Expert Technology Inc. (OTC Bulletin Board: CXTI - News), a company that specializes in providing large scale network infrastructure construction mainly for e-government projects for communities and municipal governments in China has been awarded an e-government contract worth $13 million to construct the 3rd phase e-government system for Jinjiang city, Fujian province.
Under the contract, the construction has been commenced in May 2005 and will be completed in August 2006. China Expert Technology will provide the following services:
* E-Commerce hardware platform
* E-Commerce security platform
* E-Commence application system
* E-Commence training
HUANG TAO, Chairman of the Board of Directors of China Expert, stated, "In the 3rd phase e-government project for Jinjiang city, we design and construct a comprehensive e-commence system for the municipal government, which would enhance business activities between the municipal government, overseas investors and the public. The revenue and profit of this contract will be recognized during our fiscal years ended December 31, 2005 and 2006."
About the e-government project:
The e-government project is aimed to establish a national electronic government system, in which the existing and expecting government networks and applied systems can be combined to form united technology standard and regulation and consequently a united national government service platform. The term e-government is a process in which the government is able to take advantage of modern information and communication technologies to integrate the management and service on Internet, optimize and reform the government structures and working processes, and provide good and standard international administration and service to the society beyond time and space limit.