CELI is a relatively new stock that we have under coverage. Today, the Company announced a very important news item that we feel merits our member's immediate attention. In today's press release, CELI states that they are enforcing their patent "RAW" in Canada, which many in the US know is one for the primary slogans used for World Wresting Entertainment (WWE). Though the Company did not specificly mention in the PR (probably due to legal reasons) the amount that could be settled here, it is not hard to imagine that this could be worth MILLIONS to CELI if the courts rule in their favor, perhaps $50 million or more based on WWE's sales in Canada under the "RAW" brand.
WWE has officially been deined the patent in Canada, according to the CELI press release. As CELI owns the Canadian registered trade-mark "In the Raw®" it will be very interesting to see what comes of it.
CELI stock has shown brief spurts of activity. With today's news, we feel that this thinly traded stock could make a serious break out move higher. There appears to be very little overhang, so it is difficult to say where this stock could run to. We encourage our active traders to watch this closely and see what happens with it. There may be a good opportunity to make a profitable quick trade on this stock.
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