((((((((((((READ THIS POST!!!))))))))) All CRGO longs and interested investors- Cargo is a .02 stock projecting 20 MILLION DOLLARS in REVENUES THIS YEAR!!! They have guided 25 million dollars in REVENUES in 2006!!!!! Here is proof from Cargo's own WEBSITE!!!
Ok, here is PROOF of the 20 million projected revenues for THIS YEAR!
This is from the history link on the COMPANY WEBSITE!
Cargo Connection Logistics Corp. was founded in 1996.
Cargo Connection Logistics Corp. began to develop a network of terminals and United States Bonded Container Freight Stations that have provided a variety of services to the International Freight Market.
Over the past 2 years we have continued to build our management team and grow our business. We have Container Freight Station operations in Jamaica, New York; Chicago, Illinois; Columbus, Ohio; Miami, Florida and Atlanta, Georgia. In addition to the Container Freight Station operations we have bonded truck facilities in Pittsburgh, Pennsylvania and Charlotte, North Carolina.
With our facilities and personnel in place, we are strategically ready to handle every major International Gateway, East of the Mississippi. Cargo Connection Logistics Corp. runs LTL service between our Gateway Cities, and Truckloads anywhere in North America.
Our plans for expansion include bringing other airfreight companies into our network as agents and ultimately blanketing the United States. These companies would get the benefit of a state of the art computer system, volume buying, and national account management. With our current business model in place we anticipate just under 20 million dollars in sales in 2005 and an increase of 25% in 2006.
Folks that is $25 million dollars in revenues projected, and that was BEFORE the recent contract announcements!
EARNINGS DUE OUT AT ANY TIME!!!!
Very interesting repost!
CRGO will be the big story of 2005-06... in my opinion, this stock is just getting warmed up. At 0.0195 per share, Cargo Connection is valued at just over $4M. AIRT--a sympathy play in this sector--is valued at $39M, having actually reached a market cap of $80M when its shares rallied not too long ago. Keep in mind that CRGOs 52 wk price range (0.004 to 0.11) is based largely on the operations of ChampionLyte Beverage and recent filings do not include the numbers for the new logistics business this company plans to now focus on. In a recent statement, Cargo underscored the fact that "Shareholders need to know that this is no longer a beverage company but a pure-play logistics company that has experienced double digit growth over the past two years." Prior to the Continental announcement, Cargo indicated on its website that revenues for the year are expected to be around $20M, growing by 25% the next year. I believe these estimates were based on the growth projected to be generated from current clients, and does not take into consideration this new deal with Continental or any other new deals that may arise in the future. Let's assume that Cargo nets $1M in profit this year. At the current share price, its PE would be 4; AIRTs is 18, meaning that CRGO would have to go up at least another 400%, assuming 18 is a fair PE for the sector. (We're not even looking at the likes of FedEx or UPS who's market caps are in the billions as Cargo may never catch up to their levels, but it can definitely fill any unmet needs in the sector thereby raising its value considerably.) For those who don't know, Cargo currently handles logistics for the Limited brands, a $10B apparel retailer... that's no small peanuts. Given its sizable anticipated revenue, don't be surprised to see this company valued closer to the $50-100M range in the next 12 months, meaning 0.25 to 0.50 cents per share. I wouldn't be surprised if this stock hit 0.10 within the next week or two, at which point a one cent fluctuation won't be as a big a deal as people made it out to be today. FROM RAGINGBULL CRGO BOARD
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