At Arch's invitation I'll give you my two picks, CFIM and ECOS.
CFIM (CFI Mortgage) is a company that has restructured out of bankrupsy in the last year and a half into an exciting two-prong business. On the one hand they have their traditional morgage business in which they have grown revenues above a million dollars and produced profits in the past quarter. They brought in Gary Fioretti from PMC mortgage. PMC Mortgage was doing over $150 million per year in subprime loans and I wouldn't be at all surprised if he produced similar results for CFIM.
Even more exciting is their software business. CFIM bought Surfside Software in early 2,000. Surfside is developing wireless products for limo and taxi businesses around the country. The software is a comprehensive system, that uses GPS satelite data to track the locations of the taxi/limo, etc. in addition to a multitude of other features that can bring these businesses into the 21st century. Surfside's products were mentioned on a Discovery Channel show on taxis about two months ago. In December, CFI also bought the rights to black car technology. Black car is also a cutting edge wireless program that may be able to meet the complicated transportation needs of corporate fleets and limousine services in New York and other big cities.
CFIM has approximately 21 million shares outstanding with 16 million in the float. The CEO, Steven Williams, has a successful track record managing other businesses and the future is extremely bright.
ECOS (ECOS Group) is a holding company whose only holding at this time is Evans Environmental. Evans Environmental has been doing environmental cleanup and contracting for many years. The company has recently branched out into electrical and construction work. On 1/24 they signed a contract worth close to a million with a fortune 500 company. ECOS has been profitable for about six quarters in a row. They have over $5 million in revenues per year. And I believe that the most recent contract is a sign of rapid growth in their construction business. ECOS has also hinted that they are seeking merger/acquisition opportunities. ECOS has approxmately 31 million shares outstanding with around 16 million in the float.
