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beautifool
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Posted on 11-29-13 2:53
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Also, check out TEXC..here's from their latest financial result.. only selling for about 18 cents. I have 22000 shares bought recently @ 17 cents per share. This stock should be going up in 2014. At least double from here. This is a growth story in working.
HOUSTON, Nov. 1, 2013 /PRNewswire/ -- TexCom, Inc. (OTC Pink: TEXC) (the "Company" or "TexCom"), an environmental services company serving the oil and gas industry, today announced financial results for the third quarter of 2013. Financial Highlights for the third quarter 2013 compared to the third quarter 2012: -- Revenues totaled $4.15 million, increasing 57% from $2.65 million.
-- Gross profit margin held steady at 45%.
-- Operating income increased 45% to $1.05 million from $721,000.
-- Net income available to shareholders decreased from $2.28 million to
$2.05 million. In both years, the company revalued its deferred income tax assets resulting from its net operating loss carryforwards (NOLs) and other book-to-tax differences. As a result, the company recognized $1.31 million of income tax benefit in the third quarter of 2013,
compared to a benefit of $1.96 million for the third quarter of 2012.
-- Earnings per share on a fully diluted basis were unchanged at $0.03.
Financial Highlights for the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012: -- Revenues totaled $11.8 million, increasing 33% from $8.86 million.
-- Gross profit margin held steady at 50%.
-- Operating income increased 44% to $4.25 million from $2.95 million.
-- Net income available to shareholders rose 6% to $3.62 million from $3.43
million. In both years, the company revalued its deferred income tax
asset resulting from its net operating loss carryforwards (NOLs) and
other book-to-tax differences. As a result, the company recognized
$340,000 of income tax benefit in the first nine months of 2013,
compared to a benefit of $1.96 million for the first nine months of
2012.
-- Earnings per share on a fully diluted basis were unchanged at $0.05.
Prior to the third quarter of 2012, the Company valued its net operating loss carryforwards (NOLs) at zero due to the uncertainty of generating future income to utilize the NOLs. With the substantial improvement in operations, the Company revalued the NOLs and recorded the future benefit as an asset, and has been recognizing income tax expense since the third quarter of 2012. In the third quarter of 2013, the Company again revalued certain deferred income tax assets including the NOLs and other book-to-tax differences and increased its estimate of their value by approximately $1.6 million.
"While third quarter 2013 results were substantially improved over the third quarter 2012, operating income and net income were significantly less than the results achieved in the first two quarters of 2013. Results at MB Environmental Services, LLC were reduced due to lower revenues and increased property maintenance costs incurred during the quarter. Results at Eagle Ford Environmental Services, LLC were reduced due to lower revenues as the facility was shut down for several periods to allow the completion of the second disposal well. The second well is expected to be operational within the next week. However, TexCom Environmental Services, LLC generated better than expected revenues and operating income," stated Bob May, CEO and President.
So even with all the temporary trouble, they still made profit. Now all problems are fixed and they have new well that is already working. Next quarter should be even better. Shares at this price are cheap. Will check back on this stock sometime next year to see if I'm right. Happy stock hunting.
http://www.4-traders.com/TEXCOM-INC-158512/news/Texcom-Inc--TexCom-Announces-Results-for-Third-Quarter-of-2013-17420176/
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mancini
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Posted on 11-29-13 3:12
PM [Snapshot: 136]
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Last edited: 29-Nov-13 03:12 PM
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lopchandai.
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Posted on 11-29-13 4:33
PM [Snapshot: 166]
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I'm including ZGNX. This stock is going to explode. In 2014, it may double. The newly approved medicine, Zohydro gonna make a lot of money for this company. Zohydro is a super painkiller, which is 10 times stronger than Vicodin. I know the approval of the medicine is highly controversial since it has high risk of misuse, but in the short term, this company can be a goldmine.
@beautifool- thanx for starting the topic. The companies you mentioned are very interesting. But you know in these kind of companies there is high risk of pump and dump. I will definitely do my research before investing in these companies. Usually I invest in companies that have market cap of more than 100M.
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beautifool
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Posted on 11-29-13 5:32
PM [Snapshot: 184]
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@lopchandai- thanks. I checked ZGNX and insiders have been buying which is mostly a good sign (not always)....and I saw this seeking alpha article
The stocks I mentioned are some of those community banks which were hit hard during recession. Before 2008, they were all selling for a lot more than what they're selling today. Since housing is recovering, these banks are benefiting. Now their asset quality has increased. Provision for loan loss (bad loan)..are very much low now compared to 2 years ago and this is helping them to make their balance sheet look more beautiful and so their book value is increasing. Also, if Fed increase the interest, these banks can charge more interest to their customers..Since the Fed has not increased the interest rate for so long..we're just waiting to see when they actually increase.
There was this bank called PSBK from California which was selling for less than 1 dollar in January of 2013. Recently, another bank has decided to buy PSBK for $6.7 a share. That's more than 6 times and they paid more than the book value of PSBK.
Even in January of 2013, the book value of the bank was around $6. Nobody wanted to buy at the time, including me. If you look at MFBP, it's book value is $11.78.. http://finance.yahoo.com/q/ks?s=MFBP+Key+Statistics (book value per share is mentioned down below in the link). Until last week it was selling for $2.6 a share. Today it is $3.2. It will go up sooner or later and be around $11 in the near future (would be triple from here). It will happen but not sure when. There was someone here last year who mentioned about buying bank stocks and he/she had already make 4/5 times on the initial investment. I hope that some here are continuing to make profit from these tiny banks.
Same thing with TEXC..it has been profitable since few quarters. So, I don't think it is pump/dump as well. I like micro caps....companies that have a niche service/product. So I'm optimistic that these are not pump and dumps..because they're generating revenue quarter after quarter and all of them are profitable after deducting all the expenses from total revenue.
In the case of ZGNX, when I looked at their balance sheet...they've been losing money every quarter but selling new shares to investors and to the public. They've lost more than $40 million in the last 9 months. Same thing they did million last year during the same 9 months. R&D expenses is understandable but I don't know why their S&G expenses are 10 million per quarter. It may be a home run but I'd like to see an already profitable company. Hope it works out well for both of us though.
| | | Three Months Ended | Nine Months Ended | | September 30, | September 30, | | 2013 | 2012 | 2013 | 2012 | | (unaudited) | (unaudited) | Revenues: | | | | | Net product revenue | $ 6,897 | $ 8,453 | $ 22,693 | $ 26,368 | Contract revenue | -- | -- | -- | 8,462 | Service and other revenue | 271 | -- | 398 | -- | Total revenues | 7,168 | 8,453 | 23,091 | 34,830 | | | | | | Operating expenses: | | | | | Cost of sales | 5,354 | 4,249 | 14,144 | 13,478 | Royalty expense | 281 | 325 | 901 | 997 | Research and development | 2,544 | 3,660 | 9,358 | 16,005 | Selling, general & administrative | 10,011 | 10,857 | 36,491 | 37,574 | Restructuring | -- | -- | 876 | -- | Total operating expenses | 18,190 | 19,091 | 61,770 | 68,054 | Loss from operations | (11,022) | (10,638) | (38,679) | (33,224) | Total other expense, net | 170 | (8,644) | (6,561) | (13,514) | Net loss before income taxes | (10,852) | (19,282) | (45,240) | (46,738) | Provision for income taxes | -- | -- | -- | (5) | Net loss | $ (10,852) | $ (19,282) | $ (45,240) | $ (46,743) | |
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itroll
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Posted on 11-30-13 1:59
AM [Snapshot: 281]
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This guy beautifool is a fraud. Texc has a average volume of 25000 and this guy owns 22000. This guy looking for a fool to buy txco so he can recoup his bad investment.. Red flag
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Khairey
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Posted on 11-30-13 8:22
AM [Snapshot: 317]
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Thanks itroll. How do you see how much this guy own. I can also see the average volume on these stocks are just few hundreds when the prices are just few cents. So I wont be surprised if these stocks doubled or tripled, but your stock wont get purchased if you try to sell it, sometimes not even at half the price. This guy is fraud. BEWARE.
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beautifool
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Posted on 11-30-13 8:22
AM [Snapshot: 319]
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itroll - Come on. Why don't you try to aspire to inspire before you expire instead of trolling.
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Khairey
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Posted on 11-30-13 12:14
PM [Snapshot: 363]
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Ok. He himself admitted that. I would suggest to avoid any low volume stocks. They could be just trap.
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beautifool
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Posted on 11-30-13 1:23
PM [Snapshot: 381]
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@Khairey - low volume stocks suck until the earnings show that they should not be low volume. It would be great if you can pin point things you don't like about this company and show me something more than 'low volume is trap" bull shit. Waiting for you to show me something wrong about this company other than the BS that you seem to adore.
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lopchandai.
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Posted on 11-30-13 1:42
PM [Snapshot: 385]
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@beautifool- don't listen to these people. You sound like a very wise investor. I can see that you do your homework before investing in any company. When you talk about volume, look at the picture. I was following this company SPEX. It exploded after going through several low volumes. Volume of a stock is just a matter of time.
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I485
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Posted on 11-30-13 3:36
PM [Snapshot: 429]
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AVOID PINK OTC STOCKS !
That's what i have learnt in my 5 years of trading experience.
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beautifool
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Posted on 11-30-13 5:36
PM [Snapshot: 455]
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@lopchandai - ty. What you're showing me is not new to me. I have a bank stock from Michigan which sometime does not trade for months. BBBI is the symbol. Will see how much BBBI will sell @ the end of next year. Currently at 5.15 and book value is more than 7 dollars.
Constructive criticism helps expand the knowledge but people saying "fraud" for no reason is just an old Nepali way of reacting poorly. I am no wise investor but I'm surely looking forward to become one. Thanks and good luck to all.
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Khairey
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Posted on 12-01-13 2:38
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OTC stocks are not always bad if you know the history and where the company stands now. E.g. American Airlines.
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beautifool
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Posted on 12-01-13 7:44
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@Khairey,
You're partially right. American Airlines filed for bankruptcy a year ago. In more than 90 per cent of the cases when a company files for Chapter 11, common share holders are 'toast'. They won't get anything because the bankruptcy court system which acts as a collecting agent for the debtors won't give the shareholders a dime unless all of the prior lenders are paid in full or there is some kind of a compromise between different parties and it varies on who get how much. American Airlines was unique that way. There are many that filed for bankruptcy in the last 5 years and common stock holders got nothing. Some like Tronox, WAMU were lucky but even then, shareholders received tiny shares of the newly reorganized company.
What I'm looking at is the business and not the stock price. Small enterprises that go public can't afford to pay high cost to be up listed in Nasdaq and NYSE. There are examples like AMZG and LBMH - which were recently up listed to NYSE from OTC. At the beginning of the year, they were both selling for around 50 cents at the OTC. In 2009, AMZG was selling for less the 3 cents. Today it is selling for 2.51 per share...2 different industry of oil and healthcare but the point is..when they were able to show that their business model was good and they were selling products/services that were needed by their customers, it was best for the management to up list and get more exposure. Many of the institutional investors do not invest in OTC stocks for the same reason that they find that OTC companies may be fraud.
Don't look at stock or stock price but rather if the company has been profitable or not and if it is profitable, will it be able to sustain its growth. You buy a gas station in the hope that you'll make even more profit than the current owner and so you pay the price negotiated.
You won't find too many OTC stocks that are doing well but you certainly will find some bargain if you keep looking everyday. But that does not mean that OTC is the only place to look for bargains. You invest in companies where you feel that they are (management) going to do great things for their shareholders (you and I). Stock market is not a slot machine. You have to pick up the right company..read annual and quarterly reports..listen to the conference call when the earning results are out and decide whether you want in/out/add/subtract.
All is just my opinion and I can always be wrong.
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I485
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Posted on 12-01-13 8:11
AM [Snapshot: 534]
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Most of the OTC PINK stocks file bankruptcy chapter 11 after few years and some are just fraud companies luring new investors. Yes, 90% or more of the time common shareholders get wiped out. That's the reason why people hesitate to invest in OTC PINK companies. There might be few good ones but why take a risk. There are tons of other good companies to invest your money.
I had invested in a medical device company called ECTE and kept buying shares in the $2.20s, $2.30s etc....because i believed on its product and now few days ago they released a good news from the trial and it went boooooom +60% in a day. I sold for more than +70% profit !
Good luck.
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itroll
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Posted on 12-01-13 10:25
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So you invest when the book value is greater than the market value ...... ... That says it all... You still a fraud bootyfool!
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urban khasi
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Posted on 12-01-13 5:45
PM [Snapshot: 632]
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Nice, Glad to see a nice flow on Stocks!
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urban khasi
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Posted on 12-01-13 5:51
PM [Snapshot: 635]
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What do you guys think about Chinese stocks( nyse, Nasdaq only) ? I mean some of them seem to be exploding and of course everyone likes to blame on their account hows its been made up and etc.... but they are certainly rising. I have been keeping track on CAAS, SORL, NQ and they are all good...please share your take
I have some n SORL hoping it will double soon buz its currently largest supplier of auto parts in China and assuming they will only grow? Market cap is around 80 mil which is not much but most of these micro cap seem to have great management? CAAS is around 240 mil which share running around 8.40! i think it has hit the point but we never know NQ, not sure how many of you have followed NQ but do check past 6 weeks trade. Damn, Even short seller couldnt stop it from rising again !
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beautifool
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Posted on 12-01-13 8:25
PM [Snapshot: 675]
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@urbankhasi..I traded NQ recently before the earning and when the short report by Muddy Waters came in. I was in at 10 dollars and left with some profit at around 12 dollars in 2 days. I'm not experienced with China stocks even when I felt the company is real with an MIT graduate CEO and someone with a lot of experience in the telecommunication industry including Sam Sung.
http://www.bloomberg.com/video/nq-mobile-s-khan-responds-to-carson-block-s-claims-oLpZI_5bS8WB~XYSO4foOg.html
Understood that even though I created this thread I can't block anyone to post in my thread and so some act like feral dogs; not even knowing what they're talking about. Oh yea, guess what, it is sajha..Anyone and everyone is welcome to say whatever they like, whenever they like.
"So you invest when the book value is greater than the market value ...... ... That says it all..." How stupid is this comment? Lolling out loud.
Haven't checked the other stocks you mentioned. Check DRAD--insiders bought around around mid 4 and currently at 3.8. I'm in at 3.7. The company is profitable.
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lopchandai.
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Posted on 12-03-13 10:04
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Keep eye on FNMA and FMCC in 2014. There are be major development in these companies. If they become independent, the stock price will go from$3 to $40. I know it's not easy, but I will be long as long as Bill Ackman owns the 10% of the common shares of these companies.
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