Mattu's Tax Loss Picks

[myDDdotcom]

SCRO is a good OTCBB fundamental penny buy. Got a dip to .53 on the ask last week. Last years earnings were .17, first Q this year had .07, and second Q numbers due out on Jan 15th. Their last PR said they were $4m in rev up for the 2nd Q, ended nov. 30th, so I say maybe .10?!?, and this is for a China tech firm, with applications already accepted from AMEX, waiting on it getting back above $3 to make the move.
http://www.globalsources.com/athl.co
http://biz.yahoo.com/n/s/scro.ob.html
http://www.gmcr.net/scro.htm

And check their chart out, bottoming out:
http://www.bigcharts.com/quickchart/quickchart.asp?symb=scro&sid=0&o_symb=scro&x=25&y=12


CHOD is also trading at a discount, around .25, year-end numbers due out next week, should be around .05 earnings for the year, maybe a little better. I have a DD page up here on ihub chod thread, great potential.

PYSU is another one I follow:

Reply to Post #181 on PYSU by birdy_56

Previous Message Follows:

I mean who really cares if PYSU is reporting sales up 37% and pre-tax profits up 64%? Quarter after quarter we have the same boring story....sales up, profits up. I am getting too old for this business! Does anybody have any more boring companies like this one....I am interested, in the .75 cent range of course.

Polymer Solutions Reports Second Quarter Results Sales Up 37%, Pre-Tax Profits Up 64%

CHICO, Calif., Nov. 1 /PRNewswire/ -- Polymer Solutions, Inc., (OTC Bulletin Board: PYSU - news; CDNX: PYM - news), a producer of environmentally friendly water-based paints, coatings and adhesives, today announced record sales and pre-tax profits for its second quarter and six months ended September 30, 2000.

Second quarter revenues for fiscal year 2001 were a record $3,989,000, a 37% increase over $2,907,000 for the corresponding period a year ago. Pre-tax profits rose by 64% to $254,000 versus $155,000 last year. Net income was $135,000, or $0.01 per share. EBITDA was $403,000, a 48% improvement over $273,000 for the prior year's quarter.

For the six months, revenues grew by 39% to a record $7,904,000 versus $5,703,000 a year ago. Pre-tax profits rose by 79% to $529,000 compared to $296,000 for the same period the year before. Net income was $292,000, or $0.03 per share. EBITDA increased by 57% to $840,000 versus $536,000 last year's six months.

There were 9,259,356 weighted average shares outstanding in the second quarter of fiscal 2001, compared with 8,160,857 for the prior year period.

``With worldwide coatings sales at $50 billion, $17 billion domestically, the Company has a established itself as a key player in the market for environmentally-friendly, water-based and low VOC products,' stated E. Laughlin Flanagan, President and CEO of Polymer Solutions, Inc. ``PSI has built a reputation for superior products that deliver quality solutions. Sales continue to reflect this reputation and management expects revenue and profit growth to persist as the Company further adds to its customer base and strengthens relationships with existing customers.'

Polymer Solutions, Inc. (PSI) addresses a $17 billion market by producing environmentally friendly water-based and low VOC (volatile organic compounds) solvent-based paints, wood coatings, stains, sealers, primers and top coats for wood furniture manufacturers and wood products companies. The Company, with polymer science at its core, has developed proprietary, low VOC products compatible with the indoor and outdoor environment for industrial and retail markets. PSI also produces and markets water-based and low solvent-based industrial adhesives and a line of glass, metal and concrete coatings.


CONSOLIDATED STATEMENT OF OPERATIONS
(US dollars) Unaudited

Three months ended Six moths ended
Sept. 30, Sept. 30,
2000 1999 2000 1999
Sales revenue $3,989,313 $2,906,894 $7,904,125 $5,702,517
Cost of goods
sold 2,792,626 1,993,537 5,459,559 3,915,990
1,196,687 913,357 2,444,566 1,786,527

Corporate and
administrative expenses:
Marketing and sales 309,243 266,498 648,992 569,615
General and
administrative 436,713 285,499 845,615 516,556
Research and
development 138,002 149,574 287,299 286,449
883,958 701,571 1,781,906 1,372,620

Income from
operations 312,729 211,786 662,660 413,907
Other income 5,361 945 9,102 945
Interest (expense) (64,590) (57,900) (142,882) (119,351)
Income before income
tax expense 253,500 154,831 528,880 295,501

Income tax expense 118,802 -- 236,802 --
Net income $134,698 $154,831 $292,078 $295,501

Basic and diluted
earnings per share $0.01 $0.02 $0.03 $0.04

Weighted average basic and
diluted number of shares
outstanding 9,259,356 8,160,857 8,983,621 7,206,484

EBITDA $402,773 $272,505 $839,893 $535,613


Statements in this news release that are not strictly historical may be ``forward-looking' statements, which involve risks and uncertainties. Risk factors include general economic and industry conditions, effects of leverage, environmental matters, technological developments, product pricing, raw material cost changes, and international operations, among others, which are set forth in the Company's SEC filings.

No Stock Exchange on which the Company's securities are listed has reviewed or approved this news release.

SOURCE: Polymer Solutions, Inc.


imo