Caught wind of PSGI last week through Investor Soup, so I decided to watch it. It took off today!!
Posted by jagman925 on :
First of all, the company is Prime Star Group, Inc. (PSGI).
PSGI is a holding company that has subsidiaries that are focused on four areas of business:
Packaging SmartPaxTM Packaging. PSGI's proprietary, safe, unique, efficient and environmentally friendly packaging system stores solids, liquids, ice and beverages of all types - from wine to industrial products. Through it's subsidiary, Intela-Pac, Inc., PSGI has an integrated operation. Intela-Pac builds the machines that make SmartPax, Their beverage and food division uses both the non-alcoholic and alcoholic beverage packaging for their lines, and the distribution subsidiary distributes those products to businesses across the country. High-Quality Beverages and Foods PSGI's subsidiary, Wild Grill Foods, produces, markets and distributes high-quality food and beverage products: exclusive wines, healthy teas, adult mixed beverages, healthy flavored waters, and gourmet, all-natural seafood products (including a product called the "Lobster Slider"....as late as it is I'm more interested in the Adult Beverages). Wild Grill also co-brands and co-packs existing high-end beverages and private label liquors for large hospitality and entertainment brands. Distribution Once products are developed and packaged, PSGI needs to get them to market. This subsidiary distribute into the beverage, food retail, entertainment, hospitality, medical and disaster relief markets. Additionally, PSGI's logistics company works with our distributors to ensure the entire supply chain remains efficient. Risk Management Through its wholly owned subsidiary, Arcina Risk Group. PSGI provides complex claims advocacy, case management solutions, and the recovery and preservation of insurance assets for Fortune 1000 companies, legal and accounting firms, municipalities and non-profits.
Source: Primestar Website
Until recently, PSGI was a non-revenue enterprise. But recently, PSGI announced that they are no longer just a promising company, but rather they are projecting BIG REVENUES for the year.....And, NO this is not the big news!
Here is the headline: PSGI's Wild Grill Foods, Inc. Receives Purchase Orders for Over 1.25 Million Dollars of Product From Its 4,000 Customers for Q4 2009 To quickly sum up: Wild Grill booked some very healthy orders....for the 4th Q of 2009 alone. Further, the company issued revenue guidance for 2010 of $8.5 million without adding to its current customer base.
Then the release went on to say that PSGI has also expanded its wholesale and retail supermarket distribution channels by adding 1200 new locations throughout the United States. The company now has over 4,000 locations where Wild Grill products will be available including regional and national supermarket chains. To read the full release: Click Here DRUMROLL PLEASE.....the news we have all been waiting for (and it is AWESOME) Remember, that I mentioned that the company was transitioning its forecast from "no revenue" to revenue-producing. This morning, the company made it official! PSGI Provides Q4 ‘09 Revenue Forecast PSGI announced today that its consolidated revenue forecast for all related business units is projected to be between $4.5 and $6 million dollars for Q4 of 2009. Roger Mohlman, President of Prime Star Group, stated, “We have come full circle. The company is now able to focus on building a healthy business versus trying to save a dying one. Our team has worked hard to get to reach this milestone. By leveraging each unit’s operations and infrastructure we have been able to consolidate our costs and create greater efficiencies for the group. We are very confident in our foundation and the future of the great family of companies we are building. Our collective goal is to increase shareholder value.” To read the full release: Click Here Now, let's talk about the chart With the recent increase in volume, certain patterns have emerged. The stochastics have retreated from being overbought; The stock has given almost half of its most recent gain back The MACD is bullish and above the zero line. The strength of the indicator has lessened as you can tell by the histogram, but if positive volume comes into the stock (as I think it will), the indicator could turn strongly bulliish again. The 13 and 50 day MA's are trend positive and indicating bullishness
I feel like this could be a "tipping point" for the company and that the news could bode well for the stock....we shall see. I do encourage my members to take a hard look at PSGI first thing this morning and see if there is a good trade possibility to be had. Get it on your radar screen as soon as possible. Good luck and good trading!!!
Posted by jagman925 on :
Classic pennant flag forming. Getting ready for another run in the near future!
Posted by jagman925 on :