OBCI recall strong earnings....trading back to flatline..
Focus on support there into afternoon......Debate to 2.40 initially..
...like what we read in the rpt..recall:
For the nine months ended September 30, 2011, the Company reported record net income of approximately $2,175,000, compared to $1,618,000 for the comparative period of 2010, an increase of approximately $557,000 or 34%. The Company also reported record net sales for the nine months ended September 30, 2011, of approximately $24,835,000 compared to $21,570,000 for the comparative 2010 period, an increase of approximately $3,265,000 or 15%.
........Ocean Bio-Chem President and CEO Peter Dornau stated, "We have just concluded the best financial quarter in the Company's history...This achievement is a result of the combination of improved sales mix of higher margin products, increased utilization of our manufacturing capacities in addition to controlling the Company's operating expenses, along with a lower effective tax rate. The Company is also generating a significant amount of cash from operations.....
Mr. Dornau continued, "The future prospects for our Company remain positive. In the third quarter we saw a strong increase in sales of our newer product line of chlorine dioxide products. We are still extremely optimistic that there are significant upside potential of sales of this product group. We are currently exhibiting our products at several industry trade shows including marine, automotive and outdoor power equipment shows. I am happy to report that our products are well accepted in the market place and there appears to be additional upside potential for increased sales/ distribution of our products into various industries."
2.33 x 100
2.34 x 100
|1y Target Est:
2.32 - 2.68
||1.68 - 4.40
|Avg Vol (3m):
VELA general flexing on the news this morning.....
Intermediate term signs of footing developing at .13 since the two runups to around .20 in the last qtr...
Monetizing catalysts continue to build here....
VelaTel to deploy and operate a private TD-LTE network for China Aerospace Science and Technology Group
Under the Business Agreement, VelaTel, through a PRC operating company subsidiary, will enter into an exclusive service contract with Aerostrong to deliver WBA and related telecommunications services to CASC and its affiliates utilizing Aerostrong’s licenses combined with infrastructure equipment VelaTel will finance. The operating company will also provide all engineering and network management services, including engineering VelaTel has already completed for 29 major PRC cities in connection with a different WBA project....President colin: securing one customer with 100,000 users compared to 100,000 unique subscribers creates a different financial dynamic in terms of faster revenue ramp up, reduced marketing expense, avoiding user turnover, and delivering customer service.” VelaTel’s CEO, George Alvarez, added: “These projects present a new business model for us in China.
This year's completed launch of a 4G network in Peru and projected launch in China are the first of many major achievements from this soon-to-be-global player in the mobile broadband space," commented Mr. Smith.
"Coupled with its worldwide partners, VelaTel knows how to go 'in country' and reach the populations who want, and are willing to pay for, 4G access, at a low cost. Not only will its 4G networks move data at 10 times the speed of 3G networks -- for 200% less money -- but the Company is already planning how it will include international roaming at competitive rates
ABMD This one is in a hurry. Look for a momentum trade. Recent high was 20.Experianced traders only.