That is the reason I put a low floater in my post.. The backlog at present levels could give us earnings and profit margings never seen before in CTEI.. Stock prices before were on the come,, today's price reflects the value of the new contracts and prices in the future will reflect the ramp up in earnings that are/could be possible.. I think CTEI is a 10-20 bagger from this level and I'm all in.. hank
Cemtrex Reports First Quarter Results: Sales Increase by 104%
Feb. 9, 2011 /PRNewswire/ -- Griffin Filters, a subsidiary of Cemtrex Inc. (OTCQB: CTEI), announced that it has received an order, valued at approximately $8.0 million, to supply environmental control equipment on a power project in India. The Company expects to ship this order within the current fiscal year. This contract follows another large contract posted in a PR below..
Nov. 1, 2010 /PRNewswire/ -- Cemtrex Inc. (OTC: CTEI) Griffin Filters, a subsidiary of Cemtrex Inc., announced that it has secured an order of value $1.3 million to supply various industrial environmental control equipment to be installed in India. The Company expects to ship this order within the next six months..
FARMINGDALE, N.Y., Feb. 23, 2011 /PRNewswire/ -- Cemtrex Inc. (OTC: CTEI) today announced its first quarter consolidated results of operations for the three months ended December 31, 2010.
First Quarter Highlights:
-- Revenue increased by 104% to $1,821,634 in first quarter ended December 31, 2010 compared to $891,454 in first quarter ended December 31, 2009. -- Net Income was $144,217 in first quarter ended December 31, 2010 compared to a loss of $32,006 in first quarter ended December 31, 2009.