CTIB 1.1 M float $.17 EPS in Q $12 target
CTIB is diversifying its product base and increasing margins- the market is starting to price it as a high growth stock now. This price is INSANE for a growth stock that just reprted $.17 EPS. Only $8 MM market cap. I see $10 + this year
The Company has entered orders for three new pouch converting machines for the production of zippered vacuum pouches, has received and installed one of those machines and has commenced production on the installed machine. Depending on the level of orders or commitments actually received for these products, the Company may purchase additional pouch converting machines.
The Company also reported that, during the second quarter of 2007, the Company commenced marketing and sales efforts for its new line of zippered vacuum pouches directed to the sportsman market which is being offered under the name Zip Vac.(TM) The product line includes a package containing three quart and two gallon zippered vacuum pouches, a hand pump and a battery-operated pump. Additional pouches are offered in a separate container. The pouches are intended for use in the storage and vacuum sealing of food and other items to protect against exposure and to extend freshness or useful life.
John Schwan, Chairman and Executive Vice President of the Company reported that, "We have received a purchase order from one retail chain for our ZipVac(TM) line and indications of interest from several others. We anticipate that production and deliveries of the ZipVac(TM) line will commence during the third quarter of 2007."
The Company is also engaged in a development and evaluation program for zippered bags with a consumer products company and has produced and sold some pouches to this company as part of the evaluation program. The Company has not received a purchase commitment from this Company.
CTIB is diversifying its product base and increasing margins- the market is starting to price it as a high growth stock now. This price is INSANE for a growth stock that just reprted $.17 EPS.$8 MM market cap. I see $10 + this year
The Company has entered orders for three new pouch converting machines for the production of zippered vacuum pouches, has received and installed one of those machines and has commenced production on the installed machine. Depending on the level of orders or commitments actually received for these products, the Company may purchase additional pouch converting machines.
AI
