Empire Resources, Inc. (ERS)

[10 bagger]

ERSO.. $3.80..

I have read the following release severl times and am becoming more convinced that ERSO will work much higher over the next 6 Mo's.. hankEmpire Resources Announces Second Quarter Operating Results

PR Newswire - Aug 16 at 08:30

Company Symbols: OTC-PINK:ERSO


FORT LEE, N.J., Aug. 16 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (OTCQX: ERSO) , a distributor of value added, semi-finished metal products, today announced net income for the three and six months ended June 30, 2010 of $2,238,000 and $4,936,000 as compared to $209,000 and $427,000 for the same periods in 2009. Net income for the three and six months ended June 30, 2010 was $0.24 and $0.53 per share on a fully diluted basis as compared to $0.02 and $0.04 per share on a fully diluted basis for the same periods in 2009.

Net sales for the three and six months of 2010 were $114,822,000 and $234,948,000 as compared to $54,732,000 and $119,178,000 for the same periods in 2009.

Empire Resources, Inc., is a distributor of a wide range of semi-finished metal products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with mills in various parts of the world.