Windswept Environmental Group Mobilizes Commercial Drying Equipment to Aid in the Katrina Recovery Monday August 29, 3:24 pm ET
NEW YORK, Aug. 29 /PRNewswire-FirstCall/ -- Windswept Environmental Group, Inc. today announces that it is preparing to mobilize a large fleet of Commercial Drying Equipment, Generators, Labor etc., to the Louisiana, Mississippi and Alabama area. This Fleet will be deployed from the New York office and will be backed by our Florida operations.
New highs. Still undervalued IMO. Should move above 20 cents or even maybe 30.
Market cap of 10 million. Here are their 9 month results:
Windswept Environmental Group, Inc. Announces Third Quarter and Nine-Month Results BAY SHORE, N.Y., May 13 /PRNewswire-FirstCall/ -- Windswept Environmental Group, Inc. (OTC Bulletin Board: WEGI) today announced operating results for the thirteen and thirty-nine weeks ended March 29, 2005. Revenues increased by $1,775,649 or 59% to $4,801,832 for the thirteen weeks ended March 29, 2005, from $3,026,183 for the thirteen weeks ended March 30, 2004. For the thirty-nine weeks ended March 29, 2005, revenues increased by $2,830,035 or 19% to $17,639,617 from $14,809,582 for the thirty-nine weeks ended March 30, 2004. The net income attributable to common shareholders for the thirteen weeks ended March 29, 2005, was $109,259 or $.00 per basic common share compared to net loss attributable to common shareholders of ($2,587,484) or ($.03) per basic common share for the thirteen weeks ended March 30, 2004. The net income attributable to common shareholders for the thirty-nine weeks ended March 29, 2005, was $1,129,453 or $.01 per basic common share compared to net loss attributable to common shareholders of ($1,954,896) or ($.03) per basic common share for the thirty-nine weeks ended March 30, 2004. The increase in revenues for the thirteen and thirty-nine weeks ended March 30, 2005, was primarily attributable to increased emergency response work. Gross profit increased $2,992,907 to $1,368,778 for the thirteen weeks ended March 29, 2005, from a gross loss of ($1,624,129), for the thirteen weeks ended March 30, 2004. Gross profit increased $4,154,955 to $5,474,572 for the thirty-nine weeks ended March 29, 2005, from $1,319,617, for the thirty-nine weeks ended March 30, 2004.
Could become a big winner....
Posted by grandma007 on :
Good start in the day. Should continue to move upwards IMO.
Posted by rider3160 on :
volume is huge
Posted by rider3160 on :
really moving today
Posted by rider3160 on :
starting to run
Posted by grandma007 on :
Stock should continue to rise. Lots of work to do!
Posted by blue_in_MI on :
story of my stock life: bought this months ago at .065, sold at .08 a little while later; hit .34 today. ASPN much the way - sold at 4.80, hit 9.80 today, heh.
ah well.
Posted by blue_in_MI on :
make that .47 on WEGI, up from a .21 close yesterday. dang!
Posted by <mrmoneymaka> on :
So if I bought 100,000 shares of this worth 5 thousand dollars when it was a nickel per share about 5 days ago, and then is now increased to approx. 50 cents a share.. I would have made approx 45,000 dollars?
Posted by blue_in_MI on :
in at .37, immediately put up for sale at .42
Posted by blue_in_MI on :
whew! out. way too scary for a stock-wimp like me, these 5 minute holds. someday keithsan or somebody will have to teach me how to handle them with nerves of steel, heh.
Posted by blue_in_MI on :
as always, sold too early - bumped up some more in the afternoon, and may well continue to have some spikes based on this PR released just before the bell:
clearly a way to simply get a PR out with katrina in the title, so that they'd show up on searches etc.. basically the entire PR boils down to the CEO saying this:
"Although my staff and I have responded to many catastrophes over the years, the magnitude of Katrina has been severe."
well, duh.
when i first started looking into this company awhile back, was mainly because they looked to be "turning the corner" - turned a profit the last few Q's. clearly though, now there's simply no point to bothering reading about fundamentals or any of that stuff when it comes to WEGI. it's entered the realm of the "traders' plaything", and i suspect will have some wild dips and spikes next week. it's run too high for me to touch again, but probably will be fun to watch on the ticker next week.
Posted by grandma007 on :
Yup, sold to early, @ 22. I'm an idiot. Made 100 % but I still don't know why I sold....... This baby is gonna see $1 sooner or later.
Posted by <Moneymaka> on :
quote:Originally posted by <mrmoneymaka>: So if I bought 100,000 shares of this worth 5 thousand dollars when it was a nickel per share about 5 days ago, and then is now increased to approx. 50 cents a share.. I would have made approx 45,000 dollars?
Please anwer!!!!!
Posted by stevo on :
Simple math dude...
$5000 / .10 cents a share = 50,000 shares 50,000 shares x .50 cents = $25,000
It went from .10 to .50 which is 5 times higher, so just take your original investment and multiply it by 5...
Posted by <EggFlower> on :
OMG what a monster. I missed the ride last week. I will probably get some shares on tuesday morning.. IMHO it will still go up because of all the Katrina news and the contracts that they will be getting.
Posted by blue_in_MI on :
dang, looks set to open around .52. way too scary for me to touch again, but will be fun to have on the ticker today
Posted by blue_in_MI on :
monster is right, dang - hit .70, now .62x.63. wild!!
Posted by JL on :
id be taking .75-.78 and running. Or watching from sidelines here
Posted by JL on :
as expected startin to dip now .72x.725 from .78x.79.
Posted by needfastmoney on :
its gonna blow up watch its gonna be in .80's buy buy buy
Posted by jpowell67 on :
I agree. There was tremendous buy pressure at the end of the day with heavy trading. I look for a big move right after open approaching .80 then a back off to around .72 or .73 by late morning/early afternoon. This company along with ECCI has an outstanding opportunity to help those affected by Katrina.
Posted by jpowell67 on :
Anyone else think that ECCI and WEGI will be .90 by Friday and over 1.00 next week?
Posted by 100prcent on :
Fresh news hot off the press.
September 7, 2005 - 8:18 AM EDT WEGI 0.65 N/A
Windswept Environmental Group, Inc. Announces the Opening of an Environmental Remediation Training Facility in Louisiana - Will Provide Training to All Interested Residents BAY SHORE, N.Y., Sept. 7 /PRNewswire-FirstCall/ -- Windswept Environmental Group, Inc. (OTC Bulletin Board: WEGI) today announced that its Trade-Winds Environmental Restoration subsidiary intends to open an Environmental Training Center in Baton Rouge, Louisiana, to help with the clean-up of damage caused by Hurricane Katrina. Trade Winds expects to provide hazardous materials remediation training, and subject to acceptance by the State of Louisiana, mold remediation, asbestos and lead remediation training, for its staff and interested residents who find themselves unemployed due to this recent tragedy. Trade-Winds has been providing environmental training for over ten years.
Michael O'Reilly, the President and Chief Executive Officer of the Company, stated, 'We are very pleased to be able to provide any assistance in getting people back on their feet so they can begin the recovery process.'
Trade Winds Director of Training William Loch is mobilizing to Louisiana and will be responsible for the development and management of the new training facility. Mr. Loch has been teaching environmental courses for over 15 years and was formerly responsible for the environmental program at New York University's School of Continuing Education.
Windswept Environmental Group, Inc., through its wholly owned subsidiary, Trade-Winds Environmental Restoration, Inc., provides a full array of emergency response, remediation, disaster restoration and commercial drying services to a broad range of clients. The Company's web address is http://www.tradewindsenvironmental.com.
This press release contains certain forward-looking statements about the Company that are based on management's current expectations. Actual results may differ materially as a result of any one or more of the risks identified in the Company's filings under the Securities Exchange Act of 1934. These risks include such factors as the amount of the Company's revenues, the Company's ability to increase its gross margins and limit or reduce its expenses, the frequency and magnitude of environmental disasters or disruptions, the effects of new laws or regulations relating to environmental remediation, the ability of the Company to obtain and mange new and large projects, the Company's ability to raise or access capital, the competitive environment within the Company's industry, dependence on key personnel and economic conditions.
SOURCE Windswept Environmental Group, Inc.
Posted by sharkone on :
Down 17% this morning... Is this going back up? Ideas?
Thanks, Shark
Posted by needfastmoney on :
its going back up. i notice the pattern it goes down then jumps up so buy buy buy while its down. i bought and ima sell when it goes up to .70
Posted by sharkone on :
Keeps going down....is this a long term play? Can it rebound?
Posted by grandma007 on :
Looks interesting again. Market cap is just 17 million and still lots of work to do down south...... Grabbed some shares again, might drop a bit lower but I think it will recover soon!