Hottest NASDAQ Momentum play < $2:
SYBR:NASDAQ ($1.14 unchanged) is headed to $2.5 soon IMO. Why?
-Tiny 5.3 MM Float
-$77 MM annual sales
-$10 MM working capital ($1.2 per share).
-THREE more trading days above $1 and will get back NASDAQ listing status.
SYBR IS TURNING AROUND TO A PROFIT JUST LIKE SMTX AND MAMA DID BEFORE EXPLODING FROM $1 TO $8. Last weeks PR stated RECORD operating profit for Q2 2007, their second slowest quarter of the year! Further, SYBR stated they may report a GAAP NET PROFIT.
WHEN WAS THE LAST TIME YOU SAW A PROFITABLE CONSUMER PRODUCT STOCK WITH NEARLY $80 MILLION SALES WITH A $10 MM MARKET CAP? SYBR WOULD STILL BE UNDERVALUED AT $3 WITH A $25 MM MARKET CAP (0.3 X SALES).
-SYBR rose from $2 to nearly $8 in 2004. IMO SYBR is set to go on a tear. SYBR is finally turning its business around with a great balance sheet and higher margins driving profits.
-The second half of the year is the strongest for SYBR especially Christmas. I expect $.02 EPS in Q3 and $.05 EPS in Q4.
-Lloyd Miller loves SYBR, he knows undervalued stocks he bought INSW at $3 before it went to $8.
In short, SYBR has all the ingedients for rapid price appreciation.. Tiny float, Imminent GAAP profit, Rapidly growing stable consumer products
SYOSSET, N.Y.--(BUSINESS WIRE)--Synergy Brands (NASDAQ:SYBR - News) today released guidance with expectations for record second quarter Revenues reaching $21.8 million and expects a record operating profit for the same period. The Company further expects that it may report a net profit for the second quarter of 2007. Revenue growth has been helped by a material increase in private label baking mix business, material increase in Grocery and Health & Beauty wholesale distribution as well as a an increase in General Merchandise sales.
