SLOW MONEY IS FASHO MONEY, FAST MONEY IS WONT LAST MONEY
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DRJ latest qtr report from Nov
http://finance.yahoo.com/news/Dreams-Inc-Announces-3Q2010-bw-1563865636.html?x=0&.v=1
PLANTATION, Fla.--(BUSINESS WIRE)-- Dreams, Inc. (NYSE Amex: DRJ) announced its financial results for the third quarter and nine months ended September 30, 2010.
Three months ended September 30, 2010
Revenues - For the quarter ended September 30, 2010, revenues were up 30.0% to $19.8 million, compared to $15.2 million generated in the same period last year. The increase was attributable to our Internet sales of $13.5 million, up 40.0% for the period.
EBITDA* - For the quarter ended September 30, 2010, earnings before interest, taxes, depreciation and amortization were a loss of $468,000, compared to an EBITDA loss of $429,000 for the same period in 2009. However, the Company had one-time charges to operations of $485,000 associated with financings in the period. Without these one-time charges, EBITDA would have been a positive $17,000, a vast improvement from the comparable period.
Net – For the quarter ended September 30, 2010, net losses were $702,000, a 10.6% improvement from $786,000 in net losses for the same period in 2009.
Nine months ended September 30, 2010
Revenues - For the nine months ended September 30, 2010, revenues were up 20.0% to $50.7 million, compared to $42.3 million generated in the same period last year. The increase was attributable to our Internet sales of $33.7 million, up 38.5% for the period.
EBITDA* – For the nine months ended September 30, 2010, earnings before interest, taxes, depreciation and amortization were a loss of $2.21 million, a 14.3% improvement from $2.58 million in EBITDA losses for the same period in 2009. However, the Company had one-time charges to operations of approximately $690,000 associated with financings in the period. Without these one-time charges, EBITDA loss would have been $1.52 million, a 41% improvement over the comparable period.
Net – For the nine months ended September 30, 2010, net losses were $2.74 million, a slight improvement from $2.84 million in net losses for the same period in 2009.
Ross Tannenbaum, Dreams’ President & CEO commented, “We were pleased with the results of our third quarter which had the operations deliver a positive EBITDA, when you back out one-time charges. Our historical business model is cyclical and generates a greater portion of our annual revenues and profits in the holiday quarter (October-December).
“Our continued focus on E-Commerce served us well as our Internet division delivered operating profits for the third quarter with revenues increasing 40.0% to $13.5 million and 38.5% to $33.7 million for the nine months ended September 30, 2010. The E-Commerce channel will continue to be our main focus. This quarter’s growth was led by our flagship brand, www.FansEdge.com and our growing web syndication portfolio.
“Our most recent syndication clients include STATS, The University of Miami Hurricanes and the retail giant, Sears. These sites will begin revenue contribution during our fourth quarter of 2010. This places our current web syndication portfolio total at (70) seventy and counting.
“Our corporate financing efforts were noteworthy as we successfully completed a $6,000,000 equity raise from a group led by William Blair & Company, in July; and the refinancing of our senior debt with Regions Bank who provided the Company with a $20,000,000 senior secured credit facility in July, at competitive rates. In fact, our interest expense for the quarter was reduced 45.5% from $413,000 last year, versus $225,000 for the current period.
“Our third quarter and nine month results were on budget and have us on track to achieve our yearly financial goals of delivering over $100 million in consolidated revenues for the first time and with increased profitability,” concluded Tannenbaum.
DRJ
Dreams, others see Cyber Monday boost
South Florida Business Journal
Date: Tuesday, November 30, 2010, 11:32am EST - Last Modified: Tuesday, November 30, 2010, 11:33am EST
Cyber Monday online shopping
Dreams Inc. saw its Cyber Monday sales hit an all-time single-day record. The Plantation-based sports memorabilia company (NYSE: DRJ) said its Internet division received $2.5 million in online orders, up 78.5 percent from last year’s $1.4 million in orders.
Nationwide, online sales were up 19.4 percent from last year, according to IBM’s third annual Cyber Monday Benchmark Report. The average order value rose 8.3 percent, to $194.89 from $180.03.
Sales of luxury goods were up 24.3 percent over 2009 levels.
"Cyber Monday came in as the biggest shopping day of the year so far," said John Squire, chief strategy officer for IBM Coremetrics. "Consumers this year appear much more willing to open their wallets and are turning to online stores for the convenience of shopping wherever and whenever they like, but also as their primary source of information about products and inventory levels.”
Numerous other South Florida companies, including Office Depot, Perry Ellis, PetMed Express and the Miami Dolphins, also looked to cash in on Cyber Monday, offering special online deals.
Read more: Dreams, others see Cyber Monday boost | South Florida Business Journal
http://www.bizjournals.com/southflorida/news/2010/11/30/dreams-others-see-black-friday-boost.html?ana=yfcpc
DRJ Vista Partners Updates Coverage on Dreams Inc.; Raises Target Price to $4.10
LOS ANGELES, Dec. 7, 2010 /PRNewswire/ -- Vista Partners announced today that it has updated coverage on Dreams Inc. (Amex:DRJ - News) and raised its twelve month target price from $3.74 to $4.10. Ross Silver, Principal Analyst at Vista Partners stated, "The Company's e-commerce division continues to grow and recently added Sears as a syndication client to go along with other retail heavyweights JCPenney and Wal-Mart. The Company has grown its e-commerce revenues from $4 million in 2004 to nearly $60 million in 2009 and could deliver 40% growth in 2010."
http://finance.yahoo.com/news/Vista-Partners-Updates-prnews-2133736362.html?x=0&.v=1
wheew, glad i didnt jump in that one
so what kind of scales do the vets own here? looking at buying one. any recommendations?
GTN macd cross.
man EZ your loaded EGT! your freakin amazing.
yes, ive always liked egt. held it for a year, got lucky and sold 3/4 position when it popped around .43-.45 i like how this company isnt really affected by USA bull$hit finances and economy. looks like volume has been pretty low again, hopefully it'll catch some attention.
yes, (macd) thats why im jumping in. i got an order set at .37 for a couple thou
egt. looking to reenter tomorow. looks ready imo
Its gettin taken down so that rich guy could buy in the 26s
personally im glad it pulled back. imo it hit 31 too fast. $29 -$30 should serve a good support
nice just ran into TRID
Is a 1921 peace dollar that is 24k gold plated for$ 18 a good buy?
my wife found this one this morning. im waiting for an entry right now. on my 15 min its peaked, and im waiting for an intraday drop. i can wait a few cents lower. imo
Silver 30.99
Hey guys so im on providentmetals website and im seeing the price changes for the PMs but kitco is showing that the market will open in about ten hours. What's the difference? Tia
Yeah check out this guy Mark Dice tryin to sell this 1oz gold coin for$ 50. No takers
Happy new year Precious Metals Gang! Thanks for a great board and great people willin to help and provide a wealth of information.
Happy new year to EZ and tha gang here!
Happy new year to Sensai Goodrich and tha gang!
WOW! 1000 OZ + ON THE BOARD. FEELS GOOD TO BE AROUND SOME REAL PLAYERS! HOLD UP YA'LL LET ME CATCH UP! MY FIRST PURCHASE WAS ON THANKSGIVING.
My favorite pawn shop dealer sold me a 1921 morgan for $18 and an 88 silver eagle for $20 yesterday. I love that guy! Hes the man that sold me those 24k 1 troy oz silver bars for $10 a pop! Hes been in business in my town over 40 years. One of the last self owned shops in the down town area. Not greedy one red cent.
i seen it touch 30.94. dope.
Hey guys, is it true that old Morgan rounds can be 1 troy oz .999 , but NOT stamped on tha back of the round? Os that how old Morgans are? Not marked?
nice picks yesterday x
PLG up 13 % today
Gold $5000?
RBY BOUNCE 10%
So these dimes are are anything 1964 and before that?
I got my first roll of Morgan 1 oz coins. Aaaaahhh I feel normal again. I thought cigarette withdrawals were bad... Silver withdrawals is up there =)
thank you for always hookin me up with annotated charts! great luck to you
BOOOOUNCE!
CONGRATS EZ! buy some silver!