Recall strong pickup with Fast growing (55% rev inc) Cannabis play CANA from 2.70 to 3.65. On the subject of Cannabis, Largest pot store in the country - 'Weed Store' getting ready to expand to Colorado
Earlier in the week we spoke about ELTK good earnings / gapped to 1.80....suspect building off of 1.30 moving foward.. At 10:57AM EDT: 1.36 0.03 (2.26%)
Eltek Reports Net Profit of $788,000 in First Quarter of 2011Business Wire(Tue, May 31) Eltek Reports Fourth Quarter and Fiscal 2010 Financial ResultsBusiness Wire(Tue, May 31) the first quarter of 2011. Revenues for the first quarter of 2011 were $11.8 million, a 22.9% increase over revenues of $9.6 million recorded in the first quarter of 2010. Gross Profit for the first quarter of 2011 was $2.5 million (21% of revenues), an increase of 139% compared to the gross profit of $1.0 million (10.8% of revenues) in the first quarter of 2010. Operating Profit for the first quarter of 2011 was $877,000 compared with an operating loss of $559,000 in the first quarter of 2010. Net Profit for the first quarter of 2011 was $788,000, or $0.12 per fully diluted share, compared with a net loss of $682,000 or ($0.10) per fully diluted share in the first quarter of 2010. Arieh Reichart, President and Chief Executive Officer of Eltek commented: "I am pleased to report strong first quarter results with a net profit of $788,000. In the first quarter, Eltek benefited from an increase in revenues both from the local market and export sales, mainly as a result of the improvement in the PCB industry, and the ripening of the Company's marketing efforts in the United States and Europe. The Company's manufacturing efficiency improvements program implemented during 2010 led to improved results Book Value Per Share (mrq):
I am buying back 1-Jun-11 09:58 am
stared at $1.37, ...<JP> Sentiment : Buy
Vitamin enriched drink maker PLSB acting up a little.....recall ipo'd in the last qtr and has been trading between 1.10 and 1.40 since..
Press Release Source: Pulse Beverage Corporation On Tuesday May 31, 2011, 9:00 am EDT
DENVER, CO--(Marketwire - 05/31/11) - The Pulse Beverage Corporation (OTC.BB:PLSB - News) ("Pulse" or the "Company"), makers of the PULSE® brand of "good-for-you" NutriPurpose™ beverages, today announced its efforts to ensure its recently formulated Cabana™ Lemonades will be available for thirst quenching summertime sales.
The Company has confirmed the first major order of its eye-catching 20 oz Cabana™ Lemonade bottles from Richards Packaging, based in Portland, Oregon. "We have ordered enough bottles to produce an initial run of approximately 50,000 cases of Cabana™ Lemonade," says Pulse CEO, Bob Yates.
"We have finalized our five flavour profiles, which we feel are superior to our competitors in taste, are 100% all-natural and offer approximately 40% fewer calories. We are currently in discussions with top national distributers and based on our initial tests anticipate an outstanding response to our Cabana™ Lemonade offerings," stated Mr. Yates.
Recently we discussed to monitor for support at .50 on beaten down ABHD.....Constant reminding on Waste Mgmt deal....