AI
Tuesday, July 19, 2011 9:40:22 AM
SD $10K Challenge Pick: WRGL
10000 shares: Cost Average .021
WRGL- Been watching this one for a while now and it’s clearly in an uptrend with volume not yet reaching it’s potential. Their recent acquisition of ACES leaves the company playing in a very ‘lucrative’ sector…government funded private education.
The owners / operators are quite the clever folks:
*employees consist of the 3 owners deferring pay until revs can get going.
*$50 / lead where target market is ‘low income GED aspirants’
*labor provided via ‘independent contractors’, meaning low overhead as employee costs (as opposed to contractors) are often the biggest component of operating expenses.
* looking over their site, the company appears acutely aware of the impact social networking can have on their business and are working toward taking full advantage of it
* revs for the Q have exceeded operating costs
The best part here is their last PR indicating the company plans to purchase 10mil shares in the open market. Now with 42mil in the float prior to the announcement, what’s left in there currently? Guess why this has been moving on little volume and why I’m buying here for my $10K Challenge portfolio.
Business Description
The company's primary focus is to prepare individuals to excel as the workers of tomorrow by offering an affordable U.S. licensed and accredited private high-school education. We will provide to a diverse group of students both an online and a mail correspondence education, tailored specifically to people with limited budgets that need to graduate quickly with a high-school diploma or a trade education to find good paying jobs. An advanced vocational-based curriculum and eventually a full online two and four year college curriculum is planned in the near future. We will actively pursue acquisitions that increase shareholder value and drive differentiation for the company.
Interesting…seems like the company is already moving in the direction of feeding their planned 2-4 year private on-line college.
SS as of March 31,2011
AS= 200,000,000
OS=114,319,526
Float= 49,002,000
(keep in mind company says they’re buying up to 10mil in the open market. If that has already begun to take place, then what’s really in the float? It sure has been moving like there’s not much there)
Not much of a tail on any of those candles!
WRGL - Daily Candlesticks
10000 shares: Cost Average .021
WRGL- Been watching this one for a while now and it’s clearly in an uptrend with volume not yet reaching it’s potential. Their recent acquisition of ACES leaves the company playing in a very ‘lucrative’ sector…government funded private education.
The owners / operators are quite the clever folks:
*employees consist of the 3 owners deferring pay until revs can get going.
*$50 / lead where target market is ‘low income GED aspirants’
*labor provided via ‘independent contractors’, meaning low overhead as employee costs (as opposed to contractors) are often the biggest component of operating expenses.
* looking over their site, the company appears acutely aware of the impact social networking can have on their business and are working toward taking full advantage of it
* revs for the Q have exceeded operating costs
The best part here is their last PR indicating the company plans to purchase 10mil shares in the open market. Now with 42mil in the float prior to the announcement, what’s left in there currently? Guess why this has been moving on little volume and why I’m buying here for my $10K Challenge portfolio.
Business Description
The company's primary focus is to prepare individuals to excel as the workers of tomorrow by offering an affordable U.S. licensed and accredited private high-school education. We will provide to a diverse group of students both an online and a mail correspondence education, tailored specifically to people with limited budgets that need to graduate quickly with a high-school diploma or a trade education to find good paying jobs. An advanced vocational-based curriculum and eventually a full online two and four year college curriculum is planned in the near future. We will actively pursue acquisitions that increase shareholder value and drive differentiation for the company.
Interesting…seems like the company is already moving in the direction of feeding their planned 2-4 year private on-line college.
SS as of March 31,2011
AS= 200,000,000
OS=114,319,526
Float= 49,002,000
(keep in mind company says they’re buying up to 10mil in the open market. If that has already begun to take place, then what’s really in the float? It sure has been moving like there’s not much there)
Not much of a tail on any of those candles!
WRGL - Daily Candlesticks
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