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kgoodrich's Trigger list compilation
#1. AROON- 8 you watch as the Aroon down crosses the 75 down and the aroon up comes up from zero. Most important. (\0/)
#2. WILLIAMS%R- 9 You watch the line cross the 50.
#3. CMF- 15 You will usually only see growth when the CMF is in the negative.
#4. ADX/DMI-5 You watch as the D+ line either crosses the D-, or crosses above the 20.
#5. MACD histogram- 5,15,10 You watch the negative bars register -50% smaller then the bar before it, or -50% smaller then the largest in the grouping.
#6. Full Stoch- 5, 5 You watch the fast line cross the slow line while the aroon down(8) crosses the 87.50. Crossing the 20 would be best, when the williams agrees.
#7. Bollinger Band 20,2 You watch for the Magic Box to occur when the negative close touches above the lower bolly and the next day’s close to it is positive growth in a white candle.
#8. RSI 5 you watch as the indicator crosses above the 50 for a quick pop.
Links to kgoodrich or Chartinator on chart application toward buying stock for the compound
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=37119243
RE, AVL, GWMGF...kicking assssssss
REE and AVL both moving up this am....6%...hog
GWMGF...up another 6%....hog
WRES...another nice day...up 6%...hog
GTE...may be late to party but added this morn...hog
WRES...another nice day...up 6%...hog
Commodities and rare earth is where I am shifting too...hog
http://www.pittsburghlive.com/x/pittsburghtrib/news/s_720470.html
ALN...another false start or have we turned a corner...4 greens in a row? hog
CHRI...http://www.earthtimes.org/articles/press/license-sichuan-angelica%20,1626558.html
San Bruno, CA (PRWEB) January 25, 2011
China Health Resource, Inc. (OTCBB: CHRI), a leading Chinese pharmaceutical company specializing in producing, processing and commercializing Dahurian Angelica Root (DAR), today announced the company has officially received exclusive license to use and manage “Sichuan Angelica” from the Sui Ning Baizhi Association of Sichuan Province.
CHRI is a Traditional Chinese Medicine (TCM) enterprise in DAR production in Sichuan Province, where the majority of the company’s planting is based. Because DAR production takes place within the scope of the geographically protected region, the Company has received the exclusive license to use and manage “Sichuan Angelica” by the General Administration of Quality Supervision, Inspection and Quarantine of People’s Republic of China (http://www.AQSIQ.gov.cn) and the Sui Ning Baizhi Association of Sichuan Province.
Suining City in Sichuan Province is named as the “Hometown of Chinese Angelica”, with more than 600 years of Angelica-planting history. The geographical indication protection of Sichuan Province was approved to use “Sichuan Angelica”, with national brand protection including 22 towns in Suining City.
“Securing exclusive rights to the ‘Sichuan Angelica’ further signifies what CHRI has set out to do from the beginning,” stated Jiayin Wang, CEO. “We strive to explore and research every opportunity that will increase the quality of various DAR products, from foods to medicines to cosmetics, ultimately enhancing the lives of consumers worldwide.”
Currently, “Sichuan Angelica” of Suining City has become a well-known brand, with its annual output occupying more than 70% in the native Angelica market. In 2009, the China Agriculture Regional Brand Forum, hosted by the Ministry of Agriculture of the People’s Republic of China and undertaken by Zhejiang University, carried out the agricultural region brand valuation, and “Sichuan Angelica” ranked within the top 200, valued at 103 million yuan (approximately US$15 million).
About CHRI China Health Resource Inc. engages in the development, manufacturing, processing, marketing and sale of Dahurian Angelica Root (DAR) and related products in the People's Republic of China. DAR, which is also known as “Bai Zhi” in Mandarin Chinese, is an herb that is employed as an ingredient in medicine, cosmetics and food, as well as used in TCM for the treatment of pain, swelling and pustule. The company's DAR-related products include the Bailing Capsule, Yisheng Capsule, Kimchee-Mate and Fragrant Bag, all of which are sold through regional distributors. The company was founded in 2001 and is based in Suining.
Certain statements found other than historical facts in this document regarding financial matters other than historical facts, and statements of our expectations, intentions, plans and beliefs, constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to certain events, risks and uncertainties that may be outside our control. The words "believe", "expect", "anticipate", "optimistic", "intend", "will", and similar expressions identify forward-looking statements. The company intends that such proclamations about future expectations, including future revenues and earnings, future business expansion plans, and all other forward-looking statements be subject to the safe harbors created thereby. Management retains broad discretion with regard to all future business operations of the Company. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. These and other risks and uncertainties related to our business are described in greater detail in our filings with the Commission. The foregoing information should be read in conjunction with these filings. We disclaim any intention or obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
For more information, please contact: China Health Resource, Inc., 343 Suining Zhong Road, Suining, Sichuan, P.R.China, . Tel: +86-825-239-1788, Web Site: http://www.ChinaHealthResource.com.
###
Source : PRWeb
CELM...China Electric Motor, Inc. Announces the Acquisition of Shenzhen Guofa Optoelectronics Co., Ltd.
China Electric Motor (MM) (NASDAQ:CELM)
Intraday Stock Chart
Today : Tuesday 25 January 2011
China Electric Motor, Inc. (Nasdaq: CELM, "China Electric" or the "Company"), a Delaware corporation and China-based company that engages in the design, production, marketing and sale of micro motor products, today announced that Luck Loyal International Investment Limited ("Luck Loyal"), an indirect wholly owned subsidiary of the Company, entered into an Equity Transfer Contract (the "Agreement") with New-Metal (H.K.) Technology Limited (the "Seller") on January 21, 2011. Under the terms of the Agreement, Luck Loyal will purchase 100% of the equity interests of Shenzhen Guofa Optoelectronics Co., Ltd. ("Guofa Optoelectronics" or "Guofa"), a wholly foreign owned enterprise incorporated in China, held by the Seller, for an aggregate purchase price of RMB42.7 million (or approximately US$6.5 million, based on the exchange rate as of January 21, 2011) (the "Transaction").
(Logo: http://photos.prnewswire.com/prnh/20100331/CNW006LOGO )
With this acquisition, the Company will acquire new production lines and expertise focused on high-end DC micro motors used in products like digital cameras, cell phones, electronic door locks, and other similar products. Guofa's products are sold to clients representing high-end OEM companies which include Ricoh, Toshiba, Philips, OMRON, Panasonic, OLYMPUS, and Taiwan Asia Optical. In 2010, Guofa Optoelectronics recognized RMB83.4 million (or approximately US$12.7 million) in revenue and RMB8.7 million (or approximately US$1.3 million) in net income.
The purchase price will be paid by the Company in three installments, subject to certain conditions precedent and adjustments, as described in the Agreement. For the first installment, the Company will pay RMB4 million (or approximately US$607,000) within ten days of the execution of the Agreement. For the second installment, the Company will pay RMB28.7 million (or approximately US$4.4 million) within thirty days of the Agreement after certain conditions precedent have been met. The last payment of RMB10 million (or approximately US$1.5 million) will be withheld as a deposit to secure the settlement of labor issues, if any, as described in the Agreement. The closing of the Transaction is expected to take place within 120 business days from the date of the Agreement, subject to government approvals.
In addition, Dr. Dehe Wang, the General Manager of Guofa Optoelectronics (no relation to the Company's CEO, Mr. Yue Wang, or Chairman, Mr. Fugui Wang), has been hired to replace Mr. Shengping Wang, who resigned due to medical reasons, to become the Company's new Chief Technology Officer, effective as of January 21, 2011. Mr. Dehe Wang has been the General Manager of Guofa Optoelectronics since November 2005 and has over 15 years of management and research experience in the micro motor industry.
Mr. Yue Wang, the Chief Executive Officer of China Electric, stated, "This acquisition further establishes our presence in the high-end DC micro motor category. Guofa has a blue chip customer base and serves markets in which we currently have no presence. Part of our strategy over the past two years has been to diversify our overall product offering beyond home and kitchen appliances. Guofa has an established customer base and a strong product portfolio in niche areas like camera printing machines and automobile door lock motors, which help with our diversification efforts.
"We plan to consolidate Guofa's operations and over 450 skilled employees to our newly acquired Sunna Industry Park after the closing of this transaction. We expect Guofa to be accretive immediately upon the closing of this acquisition and we believe that we can maximize Guofa's sales and profit growth in the coming years through our working capital commitments.
Wang continued, "We greatly appreciate Mr. Shengping Wang's tremendous contribution to China Electric's growth and we are excited to welcome Mr. Dehe Wang to the China Electric team. We believe that his appointment, combined with our acquisition of Guofa Optoelectronics, will significantly help us continue to expand China Electric's micro motors footprint."
About China Electric Motor, Inc.
China Electric Motor, Inc. (Nasdaq: CELM) is a China-based company that engages in the design, production, marketing and sale of micro motor products through its subsidiaries, Shenzhen YuePengCheng Motor Co., Ltd. and Ningbo Heng Bang Long Electrical Equipment Co., Ltd. The Company's products are incorporated into consumer electronics, automobiles, power tools, toys and household appliances, and are sold under its "Sunna" brand name. The Company provides micro motor products that meet the growing demand for efficient, quiet and compact motors from manufacturers of consumer electronics, automobiles, power tools, toys and household appliances. China Electric Motor, Inc. sells its products directly to original equipment manufacturers and to distributors and resellers both domestically in the People's Republic of China and internationally to customers in Korea and Hong Kong. The Company's manufacturing facilities are located in Shenzhen, Guangdong and Ningbo, Zhejiang.
GWMGF...another nice day...hog
DD at this board...
http://investorshub.advfn.com/boards/board.aspx?board_id=15770
Added ALN on Fri....hogUncovering the Real Problem With Chinese Reverse Takeovers
by: Dutch Trader
January 19, 2011 | about: ALN / CBP / NEWN / SPU / WKBT.OB
http://seekingalpha.com/article/247403-uncovering-the-real-problem-with-chinese-reverse-takeovers?source=yahoo
TPCS....Easy comps coming....http://finance.yahoo.com/q/is?s=TPCS.OB
CHRI...3 straight qtrs of improving, positive net income...hog
http://www.google.com/finance?q=OTC:CHRI&fstype=ii
SMID...BV is 2.24....added some today...hog
As you know a lot has happened with wkbt since my last post.
$77.8M revenue with earnings of $31.2M or $1.04 eps is now expected to be reported for 2010.
With the mid-point of expected organic growth for 2011 putting revenue around $109M & eps @$1.45.
In spite this kinda growth the stock has a p/e ratio of 3 & a forward p/e ratio of 2 when one considers that acquisition growth is the other half of planned growth.
With the stock expected to be listed in about 90 days institutions may become interested in a company with this kind of growth & a excellant balance sheet.
A lot of investors have said they don't like Chinese pharm. companies but there's no denying the future growth of this industry.
Besides wkbt nuin is also one of my favorites.
Both should be listed this year & both should continue their outstanding growth & at some point the market should give some recognition to the fine growth these two companies are achieving.
CHRI...China Health Resource Begins R&D Efforts with Chengdu University for Tianma
Sichuan, PRC, Jan 18, 2011 (PRWeb.com via COMTEX) -- China Health Resource (OTCBB: CHRI) announced today that it has entered into a long-term cultivation and cooperation agreement with Chengdu University for a new Traditional Chinese Medicine (TCM) product, Tianma. The Company will add this new herb to its current product offering after it was certified by the Chinese government to expand its TCM line last week.
The Company has stepped up cooperative efforts with Chengdu University, a long term research partner and one of the oldest and most established TCM educational institutions in China. These efforts include the domestication, cultivation technology, and extraction of active ingredients from Tianma.
"We will continue to develop and expand the varieties of quality Chinese herbal medicines to offer a wider range of herbs to our customers," said Jiayin Wang, CEO. "The certification awarded by the government is a big step for CHRI and we will focus our efforts on developing valuable herbal products for the community."
The cooperative R&D plans will focus on ensuring consistent quality in the planting process and in the development of high-quality Tianma products. The Tianma product is one of the more expensive TCM products in today's market and is used to treat headaches, dizziness, numbness, convulsions in children, and epilepsy. CHRI will leverage its success in the Dahurian Angelica Root (DAR) market and begin development of a wider variety of valuable Chinese herbal medicines while continuing to improve its DAR production standards.
About CHRI China Health Resource Inc. engages in the development, manufacturing, processing, marketing and sale of Dahurian Angelica Root (DAR) and related products in the People's Republic of China. DAR, which is also known as "Bai Zhi" in Mandarin Chinese, is an herb that is employed as an ingredient in medicine, cosmetics and food, as well as used in TCM for the treatment of pain, swelling and pustule. The company's DAR-related products include the Bailing Capsule, Yisheng Capsule, Kimchee-Mate and Fragrant Bag, all of which are sold through regional distributors. The company was founded in 2001 and is based in Suining.
About Chengdu University of Traditional Chinese Medicine Chengdu University of Traditional Chinese Medicine is one of the first educational institutions to focus completely on Traditional Chinese Medicine. The university awards Chinese medicine doctorates, master's degrees and offers post-doctoral research opportunities with the Ministry of Health and Ministry of Education.
Certain statements found other than historical facts in this document regarding financial matters other than historical facts, and statements of our expectations, intentions, plans and beliefs, constitute "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to certain events, risks and uncertainties that may be outside our control. The words "believe", "expect", "anticipate", "optimistic", "intend", "will", and similar expressions identify forward-looking statements. The company intends that such proclamations about future expectations, including future revenues and earnings, future business expansion plans, and all other forward-looking statements be subject to the safe harbors created thereby. Management retains broad discretion with regard to all future business operations of the Company. Since these statements involve risks and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. These and other risks and uncertainties related to our business are described in greater detail in our filings with the Commission. The foregoing information should be read in conjunction with these filings. We disclaim any intention or obligation to update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
For more information, please contact: China Health Resource, Inc., 343 Suining Zhong Road, Suining, Sichuan, P.R.China, . Tel: +86-825-239-1788, Web Site: http://www.ChinaHealthResource.com.
###
CHRI....Chengdu University...http://cdutcm.meiyugaoad.com/
CHRI...Press Release: China Health Resource Certified by Chinese Government to Expand TCM Product Line
January 13th, 2011 • View Comments • Filed Under • by ABMN Staff
Filed Under: Press Releases
China Health Resource Certified by Chinese Government to Expand TCM Product Line
China Health Resource Inc. announced today that the company plans to expand its product line with more Traditional Chinese Medicine products after the Chinese government approved the certification of the company’s subsidiary, Yinfa, for a broader range of operations.
Sichuan, PRC (PRWEB) January 13, 2011
China Health Resource Inc. announced today that the company plans to expand its product line with more Traditional Chinese Medicine products after the Chinese government approved the certification of the company’s subsidiary, Yinfa, for a broader range of operations.
In addition to manufacturing and selling the popular TCM drug, Dahurian Angelica Root (DAR), CHRI plans to broaden its operations to offer additional medicinal herbs to the marketplace. The company is on track to offer three new herbal products.
China Health Resource Inc. is a leader in the development, manufacturing, processing, marketing and sale of DAR and related products in the People’s Republic of China. CHRI is the only manufacturer of GAP (Good Agricultural Practices) certified DAR in China. DAR is an herb used as an ingredient in medicine, cosmetics and food. It also has become popular as a key component of TCM for the treatment of pain, swelling and pustule. GAP is a specification for plant-oriented industries that produce primary agricultural goods ensuring that primary agricultural manufacturers produce safe and healthy products.
Because CHRI is GAP certified for DAR and has consistently met high quality standards, the Sichuan, China government decided that CHRI is properly equipped to make more TCM products, for which there is growing demand. The certification includes new herbal products and pre-packed foods.
About CHRI
China Health Resource Inc. engages in the development, manufacturing, processing, marketing and sale of Dahurian Angelica Root (DAR) and related products in the People’s Republic of China. DAR, which is also known as “Bai Zhi” in Mandarin Chinese, is an herb that is employed as an ingredient in medicine, cosmetics and food, as well as used in TCM for the treatment of pain, swelling and pustule. The company’s DAR-related products include the Bailing Capsule, Yisheng Capsule, Kimchee-Mate and Fragrant Bag, all of which are sold through regional distributors. The company was founded in 2001 and is based in Suining.
# # #
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2011/01/prweb4963804.htm
http://www.americanbankingnews.com/2011/01/13/china-health-resource-certified-by-chinese-government-to-expand-tcm-product-line/#
ALN...ALN...5 analysts give positive rating...hog
http://www.fixyou.co.uk/tracker_details.php?s=ALN
GAXC...News...Global Axcess Corp Completes Two Acquisitions, Expanding ATM and DVD Kiosk Businesses
Global Axcess Corp (OTCBB:GAXC)
Intraday Stock Chart
Today : Friday 14 January 2011
Global Axcess Corp (OTC Bulletin Board: GAXC); (the "Company"), an independent provider of self-service kiosk solutions, today announced that it has completed two accretive acquisitions, expanding its ATM and DVD kiosk businesses. Global Axcess closed the asset purchase of a portfolio of 140 ATMs from an undisclosed, privately held nationwide network of automated financial service terminals, effective December 1, 2010. In addition, effective January 1, 2011, the Company completed the acquisition of Tejas Video Partners ("Tejas"), a privately held firm operating in the unattended DVD rental kiosk business.
The ATM purchase includes terminals as well as the existing relationships with a large, global oil and gas company to manage ATMs at service station locations in three Midwestern states. The 260 DVD rental kiosks acquisition brings the Company's total number of deployed DVD kiosks to approximately 600 and represents substantial opportunity to grow kiosk business, primarily at U.S. military facilities. The Company's total DVD kiosk portfolio will be located at a combination of highly attractive grocery store chains and highly sought after locations on U.S. military bases.
Mr. George McQuain, Chief Executive Officer of Global Axcess, commented, "These two strategic acquisitions have expanded our self-service kiosk base substantially and have greatly expanded our market opportunities and provided a foothold into new markets and regions. We continue to build our critical mass in the DVD kiosk market, and that should ultimately benefit us as well. We have the opportunity to benefit from satisfied customers and long-term relationships with both of these acquisitions and look forward to continuing to provide our superior customer service and operational excellence."
Additional details and terms regarding the transactions are included in the Form 8-K filed with the Securities and Exchange Commission.
About Global Axcess Corp
Headquartered in Jacksonville, Florida, Global Axcess Corp was founded in 2001 with a mission to emerge as the leading independent provider of self-service kiosk services in the United States. The Company provides turnkey ATM and other self-service kiosk management solutions that include cash and inventory management, project and account management services. Global Axcess Corp currently owns, manages or operates approximately 5,300 ATMs and other self-service kiosks in its national network spanning 43 states. For more information on the Company, please visit http://www.globalaxcess.biz. For more information on Nationwide Money Services, please visit http://www.nationwidemoney.com.
Investor Relations Contacts:
Sharon Jackson: 904-395-1149
IR@GAXC.biz
Hayden IR:
Brett Maas or Jeff Stanlis: (646) 536-7331
Brett@haydenir.com / Jeff@haydenir.com
This press release may contain forward-looking statements. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as: "believes," "expects," "may," "will," "should," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. Various important risks and uncertainties may cause the Company's actual results to differ materially from the results indicated by these forward-looking statements. For a list and description of the risks and uncertainties the Company faces, please refer to Part I, Item 1 of the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 3, 2010, and other filings that have been filed with the Securities and Exchange Commission. The Company assumes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, and such statements are current only as of the date they are made.
SOURCE Global Axcess Corp
http://ih.advfn.com/p.php?pid=nmona&article=46023548
WRES...2 year highs...hog
WRES....spanking this one...hog
CHRI....has become my largest holding due to recent 5 fold increase...riding this one out...hog
ALN...ALN, no-brainer really
Company sold 3.4M shares on Sept 8 in private placement to a Chinese investment fund at $2.80/share. This was slightly *above* where the stock had been trading. There were no warrants.
There was however a pledge of make-good shares by the Chairman/Founder (not the Company) wherein he has to deliver shares to buyer if ALN fails to make $.55 eps in 2010, $.68 in 2011, and $.81 in 2012. This is a solid company that could have easily raised the $10M in a typical sale of equity at a 10% discount. Hard to imagine the Chairman wasn't pretty positive that he'll hit those targets with room to spare.
This is #1 chestnut company in China, been around for a long time, has a significant amount of bank debt (which I consider a good thing actually), significant exports to Japan and Korea. Basically 0% fraud risk (or as close to 0 as one can find here).
Chestnuts will keep growing 10-15%/year. Faster growth is coming from their prepared/convenience foods that they've been expanding into over last couple years.
This company is not exciting, but it will be $6/share in 2 years.
I really want to find more of these myself.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57674107
AMLJ...AML Communications Inc. (AMLJ.OB) – A Low Price for High-Tech Dec. 2, 2010 | Filed Under: AMLJ.OB
Author:
Adam Sues
Profile & More Articles
•
More about AMLJ.OB:
AMLJ Communications Inc. (AMLJ.OB) is small high-tech stock focused on the defense sector. AMLJ is the leading designer of Micro-Electric Amplifers and Subsystems used in military defense programs.
It is a highly specialized market, and the company ends up being the sole source supplier on almost 70% of their contracts. Most programs are long lasting (2-20 years), ensuring repeat revenue.
The stock has turned in 13 straight profitable quarters, and annual revenues have increased from $4.5m in 2003 to $16.3m in 2010, an impressive 20% CAGR.
Despite strong competitive advantages and record setting financial performance, the stock is selling at extremely low multiples and a substantial discount to its peer group.
Company Overview
AMLJ is split in two operating segments, but the AML Communications group makes up 97% of revenue and is the main business driver.
AML produces solid state microwave power amplifiers across varying frequencies and output power ranges. In today’s world, many high-tech defense products are extremely complicated and require a large amount of customization.
AMLJ specializes in minor variations on their product lines to meet customer requirements while staying well within its core technological niche.
Company operations are vertically integrated, from inception -> program definition and design -> manufacturing and marketing.
For these large defense programs, the concept and design stage can take 1-5 years before an initial prototype is produced, so strong (long-term!) customer relationships are very important.
AMLJ has worked with many of the prime defense contractors including BAE Systems, Boeing, Lockheed Martin, Northrop Grumman, and others.
60% of revenues are generated from long-term defense programs. The other 40% is from the company’s catalog sales, a mail order business with a diverse range of small customers.
Existing Program Opportunities
AMLJ is already engaged in defense programs for aerial decoy drones, missle defense systems, UAV radar, aircraft electronic counter measures, and radar systems.
A few highlighted programs:
Northrop Grumman’s STARliteTM
“Small lightweight SAR/GMTI radar used for supporting tactical operations”
AMLJ is providing high quality amplifiers for the project that will be used by the U.S. Army for its Sky Warrior and Fire Scout programs.
Raytheon’s Miniature Air Launched Decoy (MALD)
“a low-cost, air-launched programmable craft that accurately duplicates the combat flight profiles and signatures of U.S. and allied aircraft.”
AMLJ has a five year contract for mission critical components related to the MALD program.
Financial Information
For the fiscal year ending in June 2010, the company reported overall revenue of $16.3m, a 23% increase from the prior year period.
Revenues were nicely split between the long term military programs and short term catalog sales. As these long-term contracts can be volatile from quarter to quarter, the small dollar / high volume catalog business helps smooth out earnings and cash flow.
Catalog customers are also a great source for new defense program opportunities, allowing the company to leverage existing relationships to go after the larger wins.
Gross margins made an impressive jump to 48% in 2010, up from 43% in the prior year, as the company benefited from initiatives to automate existing manufacturing processes.
Driven by increased revenue and higher margins, AMLJ reported net income of $1.5m or $0.14 per share, up from $959k or $0.09 per share in the prior period.
This momentum has continued into fiscal 2011 as the company prepares for a significant increase in production for the second half of the year.
Through the first two quarters of the year, sales were off 4% due to significant prepatory work for a ramp-up in production for a large contract. In addition, the company is also increasing its investments in engineering activity for a brand new $1m program.
Due to this preparation, gross margins fell to 45% during the latest quarter. However, on the conference call, management remains confident that margins will return to 50%+ for the remainder of the year.
The business continues to throw off cash, producing operating cash flow of $1.49m and 466k in owner earnings despite increased investments in property and equipment.
The company’s cash balance now sits at a healthy $3.3m, offset by only $3.0m in total liabilities, for a net cash balance of $300k.
Catalysts
Defense Program Growth
AMLJ received payment from Raytheon for a $2.2m and $3.7m order in 2009 and 2010 respectively.
As I mentioned above, management has been preparing for a significant increase in production going into 2011, with plans to reach annual revenues of $5.5m/yr for the next four years from the existing Raytheon agreement.
Management also announced a brand new program that will add another $1m starting next year.
Finally, AMLJ reported that they are in early stages of development on eight new defense contractor programs, worth up to $14m in incremental sales annually for 3-5 years.
At AMLJ’s size, even just one or two of these contracts per year will boost financial results significantly.
New Subsidiary
In September, management announced the creation of a new subsidiary company, Cal Mimix, focused on fabless development of RF and Microwave semiconductor products. While the semiconductor market has been hit hard lately, it makes good business sense for AMLJ as a logical extension of the core business.
One of the company’s suppliers discontinued a key component, so management decided to step in and leverage its existing technological know-how to source and manufacture the product on their own.
According Mr. Inbar, the company’s CEO, “There are clear opportunities for new products evolving from our long term relationships with our customers and for devices that replace products no longer available.”
While revenue projections have not yet been disclosed, initial devices will be launching before the end of the year.
Acquisitions
In July 2010, the company announced the hiring of C.K. Cooper and Company to identify strategic acquisition opportunities to expand the business horizontally.
On the latest conference call, the CEO announced that they had identified and signed two Letter of Intents (LOIs) with prospective acquisition targets, a basic framework on how a possible deal could be structured.
He also made it clear that he wants to fund the acquisition from the company’s existing cash balance, with common stock being a last resort – a solid indicator that management believes that the stock is undervalued.
Hopefully the team has identified highly accretive acquisitions that can be smartly integrated into existing operations.
Valuation
Despite achieving record levels of sales and profits, the stock is only 9% above its 52-wk low.
FCF for the year should come in significantly higher due to the second half ramp up in production – AMLJ had owner earnings of approx $2.2m last year so these numbers are conservative.
EV/EBITDA is only 3.39x and the company is selling for less than tangible book value. Despite having the highest gross margins among its peer group, the stock is near the bottom on a EV/EBITDA basis:
Source: AMLJ Investor Presentation, Nov 2010 Applying a more reasonable EV/EBITDA ratio of 6x would almost double the current stock price.
Conclusion
An investment in AMLJ is not without risks.
Defense programs can be notoriously fickle and depend heavily on funding from the U.S. government.
A sharp cutback in defense spending could have a significant impact on AMLJ’s business (although I think high-tech electronic components for unmanned vehicles would be pretty far down the cut list).
In addition, one of the company’s directors has been steadily selling shares throughout the past year, although it has been confined to just this one insider.
All told, insiders hold approximately 34% of shares outstanding, solidly aligning their interests with common shareholders.
I’m adding AMLJ.OB to the Value Uncovered portfolio at the 12/01 closing price of $1.27.
Disclosure
Long AMLJ.OB
This article originally appeared on ValueUncovered.com.
http://www.gurufocus.com/news.php?id=115910
oil at 88.00 nat gas at 4.42
EKCS....BV 0.31...http://finance.yahoo.com/q/ks?s=EKCS.OB+Key+Statistics
CHRI..Welcome to 2011! We are back in full force and are ready to help you amass
fortunes through Pennystocks from Heaven.
Here is our first pick of 2011:
CHRI.OB
Buy under $0.10.
Initiated 1/3/2011, Price $0.045
Why are we excited about CHRI? It's Financials!
CHRI has been profitable for 3 quarters, each increasing exponentially.
With $ 3/4 Million in profit last quarter, CHRI could hit $3-4 Million in annual profit,
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CELM...China Electric Motor, Inc. Announces Agreement to Purchase 'Sunna Industrial Park' Land and Production Facilities
China Electric Motor (MM) (NASDAQ:CELM)
Intraday Stock Chart
Today : Thursday 6 January 2011
China Electric Motor, Inc. (Nasdaq: CELM, "China Electric" or the "Company"), a Delaware corporation and China-based company that engages in the design, production, marketing and sale of micro motor products, today announced that its indirect wholly owned subsidiary, Shenzhen YuePengCheng Motor Co., Ltd. ("YuePengCheng"), entered into a Property Purchase Agreement (the "Agreement") with Shenzhen Jianhuilong Industry Co., Ltd. ("Jianhuilong") pursuant to which YuePengCheng agreed to purchase (the "Transaction") the remainder of the Shenzhen-based "Sunna Industrial Park" it did not previously own, for approximately RMB170.9 million (or approximately US$25.8 million). The total amount is expected to be paid in a series of installments by January 31, 2011. The closing of the Transaction is expected to take place within 30 days following the date of the Agreement, subject to government approvals.
(Logo: http://photos.prnewswire.com/prnh/20100331/CNW006LOGO)
Transaction Details
The Company, through its indirect wholly owned subsidiary, YuePengCheng entered into the Agreement with Jianhuilong to purchase certain property located at Sunna Industrial Park, 2nd Fuyuan Road, Fuyong Hi-Tech Zone, Baoan District, Shenzhen, the People's Republic of China. The gross floor area of the purchased property is approximately 35,530 square meters (or approximately 382,442 square feet) comprised of three production buildings, an office building, a staff dormitory and a power distribution house. The transaction was independently valued by a 3rd party China-licensed valuation agent at RMB170.9 million (or approximately US$25.8 million). The Company has made a down payment and paid a security deposit of RMB18.4 million (or approximately US$2.8 million), in the aggregate, with the remaining RMB152.5 million (or approximately US$23.0 million) to be paid by January 31, 2011, subject to government approvals.
Since September 2009, China Electric Motor has owned one of the four production facilities located in Sunna Industrial Park, a 6,337 square meter production facility. This company-owned facility, not included as part of today's transaction, represents approximately 60% of the Company's current production capacity, while an additional 20% of the Company's production capacity comes from one of the buildings being acquired in this transaction (the remaining 20% of production capacity is from the Company's leased facility in Zhejiang). In total, full ownership of the Sunna Industrial Park will provide the Company with approximately 25,631 square meters of production capacity in four separate buildings, an office building (10,612 square meters), a staff dormitory (5,395 square meters) and a power distribution house (227 square meters).
Mr. Yue Wang, Chief Executive Officer of China Electric, stated, "Our recent purchase of the Sunna Industrial Park facility represents a cost-effective, long-term investment for China Electric that will increase the stability of our operations and allow us to better forecast expenses. We believe the purchase of this facility will also improve overall efficiency as we consolidate existing operations and future acquisitions into this centralized facility. After a review of our 2011 budget, and in light of a proposed rental increase of almost 50% for our Sunna Industrial Park leased facility, we determined that purchasing the entire facility for our current and future production plans was in the best interest of the Company and the most cost-effective alternative. This facility will serve as our core production hub and will provide China Electric with additional production capacity, paving the way for our future expansion plans."
Wang continued, "We expect to fund this transaction through a combination of existing cash on our balance sheet and cash flow generated from operations in 2011. After the purchase, we will be able to collateralize the purchased property if we were to apply for any bank loans to help fund our operations. We look forward to a more stable manufacturing environment for our business and believe this acquisition provides us with a great opportunity to expand our market position and improve the profitability of our business over time."
About China Electric Motor, Inc.
China Electric Motor, Inc. (Nasdaq: CELM) is a China-based company that engages in the design, production, marketing and sale of micro motor products through its subsidiaries, Shenzhen YuePengCheng Motor Co., Ltd. and Ningbo Heng Bang Long Electrical Equipment Co., Ltd. The Company's products are incorporated into consumer electronics, automobiles, power tools, toys and household appliances, and are sold under its "Sunna" brand name. The Company provides micro motor products that meet the growing demand for efficient, quiet and compact motors from manufacturers of consumer electronics, automobiles, power tools, toys and household appliances. China Electric Motor, Inc. sells its products directly to original equipment manufacturers and to distributors and resellers both domestically in the People's Republic of China and internationally to customers in Korea and Hong Kong. The Company's manufacturing facilities are located in Shenzhen, Guangdong and Ningbo, Zhejiang.
Safe Harbor Statement
This press release of China Electric Motor, Inc. ("China Electric," the "Company," "we," "us" or "our") contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, our future financial condition or results of operation, the completion and expected benefits of our planned expansion, the ongoing growth in the sales of our products and our product lines, our access to new markets, our ability to recruit and retain high-quality employees, the success of our growth strategies and the continuing growth of the Chinese economy and Chinese exports. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties, including, without limitation, our ability to sustain our recent profitability and growth rates, the possibility that we may not meet production demands and standards at a reasonable cost, increased competition in the micro motor product market, our ability to develop and sell new products or penetrate new markets, our ability to timely bring additional production capacity on line, our ability to maintain and fill order backlog, the success of our strategic investments and acquisitions, our ability to timely develop new production equipment, compliance with and changes in the laws and policies of the People's Republic of China that affect our operations, including its economic policies and other risk factors detailed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2009 and in our subsequent reports on Form 10-Q filed with the Securities and Exchange Commission and available at www.sec.gov. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Contact Information:
In China:
Dexter Fong, CFO
China Electric Motor, Inc.
Tel: +86-136-6666-1663
Email: dexterfong@gmail.com
ICR, LLC.
Jeremy Peruski
Tel: +86-10-6583-7508
Email: Jeremy.peruski@icrinc.com
SOURCE China Electric Motor, Inc.
EKCS...Tanglible BV 0.20 per share...selling ar 0.31 per share...hog
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