What to look for in the 10-K (I expect it in March 2013)
I would place AXION in the start-up category of companies. They have a lot of spending to do for capital equipment and the development of a sales force. These require a lot of cash.
If the company can improve revenue and raise money through debt issues, then this path will allow them to develop into a mature company.
But as far as the 10-K goes meeting the following items listed below would be signs of strength to me.
*Cash balance improvement (greater than or equal to $2 million)
*Increased sales (growth of 30% or more)
*SG&A flat or slight increase ...if it went up because they hired a large sales force, that would be good. If it goes up and they don't explain anything, then it just leaves a question mark until the next filing.
*Inventory increase of 10%
*Disclosure of products in the pipeline ... I noticed that this really helped Monsanto's stock price back in the early 2000's. Monsanto had a large product pipeline in development for a couple of years and they disclosed their expected and actual launch dates for their products. Seeing that more is to come ...especially if it's a lot more... always boosts the stock price.
...funny, even though APWR turned out to be a bad investment, their stock went from $12 to $21 just on their disclosure of their backlog. I still check APWR from time to time just to see if the company will try and list on the NASDAQ again or not. I own no shares of APWR nor do I plan on owning any.
**** Full disclosure stuff ****
Anyway, I bought and own 5,000 shares of AXION at $ 0.40. It has been a good run lately. I'm sure eventually the price will fall again, as often happens on the OTC. It seems that AXION has at least proven that the product works as advertised.
-DebitsAndCredits
