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Monday, 08/10/2009 7:35:34 PM

Monday, August 10, 2009 7:35:34 PM

Post# of 71722
I recently started purchasing OBCI. I think they have a good chance to run to $2 over the next six months. They last traded at $1.10. Here are the reasons I'm bullish on OBCI:

1. In late July they announced that Q2 sales were up 15% to $5,715,000. I expect that this will translate into EPS of $0.05 or more. http://finance.yahoo.com/news/Ocean-BioChem-Inc-Reports-iw-1411830400.html?x=0&.v=1

2. They recently announced a new $2M contract which will ship in the 3rd and 4th quarters of this year. I expect that in Q3 they will report EPS north of $0.10 due to this additional business. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40011516

3. They posted Q1 EPS of $0.02 in their seasonally weak quarter. That was a big improvement over last year. Revenue also increased b7 9% in Q1 which is incredible considering the state of the economy at that time.

4. They have a low float of only 2.84M shares.

5. They are trading at roughly their book value which is $1.08/share.

The OBCI board is located here:
http://investorshub.advfn.com/boards/board.aspx?board_id=8560

Mike

Visit my favorite boards:
SwingTrade - #board-1781
VMC Motherboard - #board-3251

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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