OSE USA INC (fka OSEE)

[mike306oh]

Something I just posted on an OSEE board:

"Yes good year-to-year, but 4th qtr. revenues were down. Why do you still like this one? Thanx."

Tony,

Look at the "Income Statement" and see the financials for the previous 4 quarters (go to quaterly):

http://finance.yahoo.com/q/is?s=OSEE.OB

I hope you see the trend (not only on the gross revenue site, but also the next income, which is getting better and better)

Then, did you read the 10K?

http://biz.yahoo.com/bw/050331/315982.html?.v=1

Tell you the true, I like not only what they do, but also the fact that being an older company, the chance it to dissapear over night, like so many other BB companies (at this PPS) is minimal. Then, I like the fact that (contrary to most of the other penny companies), the float is very low, and STABLE (in other words, THEY ARE NOT in the business of selling shares as most of the other pennies stocks).

Check out the OS in the last 10-K: Number of shares used to compute per share data: 73.092MM (in 2002), 56.695MM (in 2003), and 56.726MM (at the end of 2004). So, the OS actually came down since 2002, and it is as stable as you can find. Hard to find many other older companies with good history, and low, stable OS of only less than 57MM shares.

After selling the assets of its manufacturing segment in September 2003, OSEE currently operates in the distribution segment only. But, as you can see the bottom line (the net revenue) is picking up:

"The Company reported a net loss applicable to common stockholders of ($1,292,000) or ($0.02) per diluted share for 2004, compared with a restated net loss of ($7,774,000) or ($0.14) per diluted share for 2003."

After the 2003 10-K (the worse in the recent company's history), after a while, the PPS went last spring above 0.1. Hence, with improved numbers, I won't be surprised the some thing to happen again in the very near future. The fact that there was no activity over the last trading days is a good sign, in that no one is willing to sell at these prices. All we need here is some event that will trigger some increased volume, and IMO we'll be on our way up.

The semi business as a whole is still way down, but it certainly gives signs right now of a turnaround. This down cycle was already long enough, and the semi is due for a nice rebound any day now. And once this happens, along with most of the other semi-related businesses, this one will improve the revenue (and earnings). Just wait to see after people stop going for increasingly higher prices in todays hot sectors such as energy, and you'll see more and more people jumping back into semi that traditionally was one of the most rewarding sector in the past.

You (and anyone else for that matter) should do YOUR OWN DD, before deciding what to do. If it matters to you, I bought recently here.

I understand you bought some CIRT, and GDVI that I recommended you to take a look at? If so, you made a very good choice IMO. CIRT should report the best numbers in their history this week, while GDVI except for some daily guys who's activity still keeps it low, after all the latest great news, it should start moving sooner rather than later.

Check out also VFIN (EPS positive of 0.08/share, and the best #-s in their history reported last week), still sitting at 0.25 or so right now? They have some low suit going on, but I believe that when this is over (and these things usually get solved relatively easy for a company with good finances, and a MM as well) I expect this to jump.

Take also a look at BTOO (sitting at the very bottom right now), because they didn't fill in time. The results should be out by the end next week, or the start of the following at the latest. Although a bit riskier, at around 0.0035 right now, I expect it to do very well (if the numbers are decent enough, the PPS IMO could easily jump 3 to 5 times higher).

And of course, two of my old favorites: MOBL, and COVD, that are at the bottom right now. Not for long, I assume. In fact, COVD looks like it started to move up slowly.

PS: I still have 2 positions in some "zero value" PPS stocks (CYBT & NEXH), with an order to sell them at a loss. After getting ready of those 2, my account won't ever see any such stupid companies, EVER.

Hope this helps. If you know people on other boards that might use the info above (all these are hand picked stocks with lots of near-term potential), I don't mind you posting it there. With good companies such as the above, the chance of loosing your skirt is minimal, especially if you diversify.

PPS: If you, or anyone else knows of any other good stock, with good history (e.g., no R/S), good financials, low and relatively stable float, and (especially) at a stage of "explossive" growth, with a PPS sitting at or near the bottom, I would very much appreciate knowing about them.

Best to you,

Mike