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Some supporting DD for AUGT:
http://investorvillage.com/uploads/77568/files/UpwardMobility.pdf
Didn't have any dry powder, but it was a good one.
What a lame week for my account. Next week looks promising.
CURRENT HOLDINGS 1/21/2011
FFI
AUGT
Current Holdings 1/18/2011
FFI
CHCI
CFW
FFI – Research / DD & Charts
About FFI–
6402 Corporate Drive
Indianapolis, IN 46278
United States - Map
Phone: 317-532-1374
Fax: 317-532-1011
Website: http://www.ffi.net
Share Structure
Share Statistics
Avg Vol (3 month): 64,720
Avg Vol (10 day): 66,078
Shares Outstanding: 12.24M
Float: 1.95M
% Held by Insiders: 71.23%
% Held by Institutions: 1.30%
Business Summary
Fortune Industries, Inc., through its subsidiaries, operates as a professional employer organization in the United States. It provides human resources outsourcing services through co-employment relationships with its clients. The company’s services comprise human resource consulting and management, payroll and tax processing and management, worker’s compensation and risk management, benefits administration, unemployment administration, human resource compliance services, 401k and retirement plan administration, and employee assessments. It serves customers operating in various industries, including healthcare, professional services, software development, manufacturing logistics, telemarketing, and construction. The company, formerly known as Fortune Diversified Industries, Inc., was incorporated in 1988 and is based in Indianapolis, Indiana.
Company Profile
Fortune Industries, once a diversified company, has successfully shifted its focus to become a Pure-Play Professional Employer Organization (PEO)! This transitioned Fortune Industries into the 5th largest PEO in the United States, with $80 million worth of assets.
Our PEO Group is composed of Century II, Inc., located in Brentwood, TN; Employer Solutions Group, located in Loveland, CO, Provo, UT, and Tucson, AZ and Professional Staff Management, Inc., with locations in Indianapolis, IN and Richmond, IN. Providing full-service outsourced human resource solutions to a variety of industries nationwide.
Our PEO’s are among the nation’s oldest PEOs, and are recognized market leaders in outsourced human resource services. We handle those responsibilities typically managed by a personnel or human resources department. Our PEO's partner with the client company to increase productivity and enhance profitability through efficient outsourcing of employee administration. Our client companies represent a wide variety of industries from healthcare, professional services, manufacturing, logistics, construction, telemarketing to blue collar services. Combined, we provide outsourced human resource services to over 15,000 worksite employees at over 800 client locations in over 47 states.
By partnering with our PEO's, you are contracting with a seasoned team of human resources experts to handle business functions such as payroll processing, employee handbooks, employee benefits, workers' compensation, risk management, government compliance, and consulting on human resource issues that occur in the work place day in and day out. Creating a"one-stop shop" for all employee administration that will allow you to focus on generating revenue and growing your business, instead of spending a large portion of your time on paperwork and administrative functions.
When partnering with a PEO, you benefit from the value, specialization and expertise of many human resource professionals:
• Minimize operations cost
• Minimize time spent on HR and employment related issues
• Find greater and more cost-efficient employee benefits by joining our pool of over 15,000 employees.
• Your HR needs will be handled by a team of experts with hundreds of years of combined experience.
• Receive professional support on many complex issues.
• Have more time to focus on your company's core competency and revenue generation.
Since the PEO is performing these services for numerous clients (just like the CPA and Law Firm), the client company reaps the benefits, thanks to economies of scale. You enjoy significant value at a fraction of the cost of hiring all that expertise on your own in house.
Subsidiaries:
Century II: http://www.centuryii.net/
Employer Solutions: http://www.esghr.com/
Professional Staff Management: http://www.psmin.com/
Company Updates
FFI CEO RECEIVES WOMAN OF INFLUENCE AWARD
INDIANAPOLIS, INDIANA – February 8, 2010 – Fortune Industries, Inc. (NYSE
Amex: FFI) announced that Tena Mayberry, President and CEO, has been named a “Woman of Influence” by the Nashville Business Journal. Each year, the Nashville Business Journal honors area business women as “Women of Influence” for their leadership and contributions to the community. Mayberry was one of six corporate executives who received the award on February 4th, at a presentation attended by more than 400 business and community leaders in Nashville, Tennessee. Mayberry has served as President of FFI since April 2009 and was appointed CEO in January 2010. In 2007, she became President of Century II Staffing, Inc., a wholly owned subsidiary of FFI located in Brentwood, Tennessee, after serving four years as Chief Operating Officer, two years as Senior Vice President and four years as Vice President. Prior to joining Century II, Mayberry served in management positions with Contract Sales Managers, Kroger Co. and Norrell Temporary Services. Ms. Mayberry holds a B.S. in marketing and business management from Tennessee Technological University.
http://ffi.net/News/02-08-10%20Mayberry%20Award.pdf
FFI REPORTS QUARTERLY RESULTS
INDIANAPOLIS, INDIANA – November 15, 2010 - Fortune Industries, Inc. (NYSE
AMEX:FFI) announced today results for the quarter ended September 30, 2010.
Highlights
Revenue for the three months ended September 30, 2010 was $15.6 million as compared to
revenue of $14.8 million for the same three-month period in 2009, representing a $0.8 million
increase in revenue.
Net income available to common stock shareholders for the three months ended September 30,
2010 was $0.302 million or $0.02 per share fully diluted versus $0.660 million or $0.05 per share
fully diluted for the same three-month period in 2009, representing a $0.358 million decrease in
net income available to common stock shareholders.
Working capital at September 30, 2010 was $1.67 million, as compared to working capital at June
30, 2010 of $1.2 million, representing an increase of $0.470 million during the three-month
period. This increase was due to the continued profitability of the Company’s operations.
The Company reported EBITDA of $0.669 million for the three months ended September 30,
2010, as compared to EBITDA of $0.742 million for the same three-month period in 2009,
representing a $0.073 million decrease in EBITDA for the current period.
Total number of worksite employees at September 30, 2010 was 14,598 as compared to 14,024 at
June 30, 2010, representing a net increase of 574 worksite employees.
“We are thrilled with the Company’s performance this quarter, particularly with respect to
working capital,” stated Tena Mayberry, President and CEO. “We have consistently performed
over the past two years in this challenging economy, generating a profit 8 out of the past 9
reporting periods. We continue to add worksite employees, which creates additional
administrative fees and increased gross revenue. Additionally, our management team has
succeeded in cutting expenses, while adding these worksite employees and maintaining our
exceptional service level. We look forward to continuing to grow our worksite employee count at
the beginning of the new calendar year, which will help drive revenue and shareholder income.”
FFI REPORTS ANNUAL RESULTS
INDIANAPOLIS, INDIANA – September 28, 2010 - Fortune Industries, Inc. (NYSE
AMEX:FFI) announced today results for the fiscal year ended June 30, 2010.
Highlights
Net income available to common stock shareholders for the fiscal year ended June 30, 2010 was
$0.828 million or $0.06 per share fully diluted versus 2009 ten months earnings of $0.446 million
or $0.03 per share fully diluted, representing a $0.382 million increase in net income available to
common stock shareholders.
Working capital for the year ended June 30, 2010 was $1.212 million, as compared to working
capital at June 30, 2009 of $(1.009) million, representing an increase of $2.221 million. This
increase was largely due to the cash flow generated by operations during the fiscal year ended
June 30, 2010.
The Company reported EBITDA of $1.8 million for the fiscal year ended June 30, 2010, as
compared to EBITDA of $1.4 million for the ten months ended June 30, 2009, representing a $0.4
million increase in EBITDA for the current year.
Revenue for the fiscal year ended June 30, 2010 was $60.7 million as compared to revenue of
$72.9 million for the ten month period ending June 30, 2009, representing a $12.2 million
decrease in revenue. Revenue for the ten month period ending June 30, 2009 included $19.4
million of revenue from the Company’s non-PEO subsidiaries that were sold effective November
30, 2008.
“The previous year has been among the most difficult in our nation’s economy in recent history,”
stated Tena Mayberry, President and CEO. “Our achievement of doubling our earnings per share
in this challenging economic environment has been the direct result of tremendous focus and
effort by a strong management team. We have successfully decreased our expenses while still
maintaining the highest level of customer service, which has allowed us to achieve higher net
income on comparable revenue compared to last year. We have maintained an industry-leading
client retention ratio by partnering with our customers to reduce cost and increase efficiency. We
look forward to future increased earnings as the recession slowly fades and unemployment
decreases.”
Charts
Current Holdings 1/15/2011
BHH
CFW
CHCI
IGC
Watching for next week: FFI, EFOI, LIOX, PAET, and TGC.
Silver new 2 day high.
GSAT- next stop 1.20
the markets gone sour
LEI- how can we nail these type of mega runners? whats so great about this stock?
ive about had it with this crap
GSAT is a keeper this stock can do anything just needs volume
No. I currently only own GSAT at $1.70
are you still holding these stocks?
MRNA-'going concern status'
and inflammatory diseases."
FINANCIAL RESULTS
Net loss
Net loss for the first quarter of 2010 was approximately $9.5 million or
$0.20 per share, compared to net income of approximately $7.3 million or
$0.23 per share for the same period of 2009.
Revenue
Revenue was approximately $0.2 million for the first quarter of 2010
compared to $14.2 million for the first quarter of 2009. Revenue in the
first quarter of 2009 included licensing fees of $7.25 million from
Novartis, licensing fees of $5.0 million from Roche, and a milestone
payment of $1.0 million from Amylin Pharmaceuticals related to the
amendment to our 2006 License Agreement.
Expenses
Research and development ("R&D") expenses for the first quarter of 2010
decreased 13%, from approximately $4.1 million to $3.6 million, compared to
the prior year quarter. The 2009 period included significant expenses for
patent license fees which did not recur in 2010. Aside from patent license
fees, direct project-related spending increased in the first quarter of
2010 over 2009 as we advanced our RNAi therapeutics pipeline.
Selling, general and administrative ("SG&A") expenses for the first quarter
of 2010 were approximately $2.6 million which represents an increase of
21%, compared to $2.1 million in the prior year quarter. In the first
quarter of 2010 we recorded transaction costs of approximately $0.6 million
relating to the proposed merger between MDRNA and Cequent. Excluding
merger-related costs, SG&A expenses decreased overall in the first quarter
of 2010 compared to the first quarter of 2009.
Interest and Other Expense
We recorded interest and other expense of approximately $0.8 million in the
first quarter of 2010 compared to $0.1 million in the first quarter of
2009. In December 2009 we issued secured promissory notes in the amount of
$1.0 million, along with warrants valued initially at approximately $0.9
million. The December 2009 notes payable were paid in full in January 2010
and the related security interests in our assets were released. The first
quarter of 2010 interest and other expense amount consists primarily of
amortization of debt issuance costs and non-cash amortization of the debt
discount resulting from the fair value at issuance of the warrants issued
to the note holders. The first quarter of 2009 interest expense relates to
our former capital lease obligations with GE Capital which were converted
to a note payable in January 2009 and subsequently paid in full in June
2009.
Other Income/(Expense)
We recorded a net gain on settlement of liabilities during the first
quarter of 2009 of approximately $0.7 million related to our efforts during
early 2009 to restructure our outstanding liabilities, including our
capital lease obligations with GE Capital, severance compensation and other
accounts payable. We also recorded expenses of approximately $2.7 million
and $1.0 million in the first quarter of 2010 and 2009, respectively,
related to the
re-measurement of price-adjustable warrants required to be classified as
liabilities beginning January 1, 2009. The liability is
re-measured at the end of each accounting period, and increases or
decreases with changes in our stock price and variables in our
Black-Scholes-Merton valuation model.
Balance Sheet
As of March 31, 2010 we had cash and cash equivalents of approximately $3.8
million compared to $1.7 million as of December 31, 2009. As a result of
our cash position, we received a "going concern" opinion from KPMG LLP, our
independent registered public accounting firm, which was included in our
10-K for the 2009 fiscal year.
In connection with the merger agreement between MDRNA and Cequent, we
entered into a loan agreement under which Cequent agreed to loan us up to
$3 million to fund our operations. In April 2010 we drew down $1 million
under the loan agreement. We believe that our current resources, including
the available draw downs on the Cequent loan, will be sufficient to fund
our planned operations into the third quarter of 2010. In addition, cash
brought to the company through the closing of the Cequent acquisition will
be sufficient to fund the combined company operations into December 2010.
FIRST QUARTER AND RECENT CORPORATE ACCOMPLISHMENTS
Acquisition of Cequent Pharmaceuticals:
-- Announced acquisition of Cequent Pharmaceuticals which will expand our
oncology pipeline with a pending Phase 1 human trial in Familial
Adenomatous Polyposis expected to begin in the third quarter, expanding
our RNAi drug discovery platform capabilities with the addition of the
transKingdom RNAi platform -- an orally delivered RNAi-based
therapeutic approach to gastrointestinal diseases.
-- Pending MDRNA shareholder approval, the acquisition is expected to
close in July 2010.
Advanced RNAi Oncology Programs:
Hell yeah...Im back...I picked up ACLS, MRNA, and AERG today.
I won't be trading for the rest of May. I have finals this week and summer school from 8am to 5:30pm for two weeks straight after that. After 7 weeks for trading, I have a little over $20k in the account. I'm going to be closing my account with Noble (massive fees) and open an account with Etrade with $16k again. I am going to use the $4k to cover taxes and payoff some debt. I'll be back June 1st.
Nice clip of the stock market drop on Thursday:
http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits
Yeah that's it. I don't have a lot of capital.
We have a gambling addiction
My wiser self told me not to buy until all this Greece debt plays out. But I'm a gambler at heart. I bought 6,250 shares of GSAT at $1.59 and canceled my ACLS sell.
Thats ol Arm for ya, the boy likes to play with fire! hit 1.66 now, shes off to a good start.
(i didnt want to play today but im like super bored and i said what the hell)
Damnit i got in at a gay price!! in at 1.64 with 800 shares looking for 1.80- 1.90
Yeah I saw that one. The risk is too high for me. I wasn't even sure if I wanted to buy in this market, but I own two stocks that have strong fundamentals.
TRMA- thinking about scalping this POS. its extremly risky business but ive made money before lets see if i can do it again
Sold NBS for the time being. Made a very small profit. I want to be at half cash in case the market falls more today and tomorrow. I will look at buying something on Monday and hopefully on the cheap.
Me too , this BS gives me the chills.
RTK- at one point it hit 1.20 then 10 min later it ran to 1.34, so i bailed from my homosexual entry at 1.30, f that.
whoever says this business is easy must be drinking the cool aid
I need a puke bag for ACLS. All these highs and lows.
ACLS- what a roller coaster.
dumped RTK today for chump change screw holding this crap
Axcelis Announces Financial Results for First Quarter 2010
Company Reports 25% Increase in Revenues and 45% Increase in Shipments
http://finance.yahoo.com/news/Axcelis-Announces-Financial-pz-1841275938.html?x=0&.v=1
BEVERLY, Mass., May 4, 2010 (GLOBE NEWSWIRE) -- Axcelis Technologies, Inc. (Nasdaq:ACLS - News) today announced financial results for the quarter ended March 31, 2010.
The Company reported first quarter revenue of $48.5 million, compared to $38.7 million for the fourth quarter of 2009, a 25% increase. Net loss for the first quarter was $11.1 million, or $0.11 per share. This compares to a net loss for the fourth quarter of 2009 of $10.0 million, or $0.10 per share. Cash and cash equivalents, including restricted cash, were $41.6 million at March 31, 2010. The company used $10.2 million in cash during the quarter. The Company ended the quarter with working capital of $157.3 million.
Commenting on the Company's performance, Mary Puma, chairman and CEO, stated, "Our business continues to strengthen as demand for our customers' products increases and additional manufacturing capacity is required. As a result, we are experiencing robust growth in both new system orders and aftermarket sales. During the quarter we secured significant penetrations in high current implant and cleaning at logic, memory and foundry chip manufacturers, and we expect this traction to continue as customers recognize the competitive advantages our technology provides. We are confident that this will translate into improving financial performance throughout 2010, including a return to profitability and positive cash flow generation."
NBS Golden Cross...added 300 more shares.
CURRENT HOLDINGS 5/3/2010
ACLS 4050 Shares
NBS 3700 Shares
I added an additional 1800 shares of ACLS today.
I now hold 4050 shares with a $2.47 average.
Yeah I missed out on some serious coin with that one.
LEI- i swear this ones on crack!
im out of COIN for now took a small hit of -90, still though im pissed!! i immediately bought something else i have high hopes for this one, i did quick DD and i like what i see and plus every indictor in the chart , and i mean EVERY indicator is positive. (macd, ma200,money flow all that good stuff)
gonna go take a smoke break be back later
•Dow: -1.75% this week & +5.57% this year
•S&P 500: -2.51% this week & +6.42% this year
•Nasdaq: -2.73% this week & +8.46% this year
•Russell 2000: -3.41% this week & +14.58% this year
Boom POZN! I wish I would have had available funds.
Out PONZ. I use my day trader buying power and had to sell out before close.
I picked up a 180 shares of POZN. Nothing major, just a small gamble.
^^^^^^^My New Trading Station ^^^^^^^
Disclaimer:
I have absolutely no idea what I'm doing so don't do anything you see me doing in the market. Best of Luck!! You are responsible for your own successes and failures.
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