CYAN running on OPS newsletter mention
Prices are based on December 22, 2003's close.
OPS Seedling of the Week
Cyanotech Corporation (Nasdaq: CYAN, $1.29) is our OPS Seedling of the Week. Kailua-Kona, HI-based Cyanotech has four consecutive quarters of positive OPS and carries StockDiagnostics.com's best OPS Rating of 1. Revenues for the second quarter ended September 30, 2003 improved 40% while trailing twelve month revenues were up over 26%. The five-year price range is between the low of $0.25 (12/05/2002) and the high of $4.88 (03/09/2000). Cyanotech carries the Price to Sales (P/S) multiple of 2.2x and carries the Price to Tangible Book (P/TB) multiple of 1.8x. Cyanotech develops and sells natural products from microalgae for the nutritional supplement, aquaculture feed, animal nutrition, and immunological diagnostics markets.
Please note that due to factors, including low market capitalization and/or insufficient public float, we consider CYAN to be a small-cap stock. You should be aware that such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information, and that postings such as this one can have an effect on their stock prices.
OPS Seedlings™ are small growth companies and low priced stocks having withstood the heat of the fire (extremely negative OPS) and are now positioned to grow into healthy trees (with positive OPS). The EPS Syndrome, and extremely negative OPS, can be fatal for many companies. However, opportunities abound for the shares of those companies going from extreme negative OPS to extreme positive OPS. In order to qualify as an OPS Seedling, a company must usually have revenue growth over its last twelve months, a positive book value and must also have four consecutive positive OPS quarters. Going forward from November 25, 2002 all OPS Seedlings will meet these criteria; some prior OPS Seedlings may not meet all of these criteria.
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