Great earnings released yesterday!
Posted by strike1 on :
What does the company do? Streicher Mobile Fueling, Inc. (SMF Group) provides petroleum product distribution services, transportation logistics and emergency response services to the trucking, construction, utility, energy, chemical and government services industries. The services offered include commercial mobile and bulk fueling, the packaging, distribution and sale of lubricants, integrated out-sourced fuel management, transportation logistics and emergency response services. The Company's fleet of 174 custom specialized tank wagons, tractor-trailer transports, box trucks and customized flatbed vehicles deliver diesel fuel and gasoline to customers' locations, refueling vehicles and equipment, re-supplying fixed-site and temporary bulk storage tanks, and emergency power generation systems. On February 18, 2005, SMF Group acquired substantially all of the assets and related business of Shank C&E Investments, L.L.C. On October 1, 2005, it acquired H & W Petroleum Company, Inc.
Posted by strike1 on :
New Business/Revenue: Streicher Mobile Fueling, Inc. Completes the Acquisition of Houston-Based H & W Petroleum; Issues Senior Secured Notes
October 07, 2005 Streicher Mobile Fueling, Inc. announced that it has completed the acquisition of Houston, Texas-based H & W Petroleum Company, Inc. (H & W) a marketer and distributor of lubricants, fuels and petroleum products with operations in Houston, Lufkin, Freeport, Waco, Waxahachie and Longview, Texas. The original purchase price was approximately $6.3 million. As previously announced, the Company issued $3.0 million in 10% five-year redeemable Senior Secured Notes with a two year moratorium on principal payments. Installments of six semi-annual principal payments of $300,000 will commence on August 31, 2007, with a balloon payment of $1.2 million at maturity on August 31, 2010.
Posted by strike1 on :
Streicher Mobile Fueling Shares Up 24 Percent After Company Posts Gains in 1st-Quarter Earnings
NEW YORK (AP) -- Streicher Mobile Fueling Inc. shares soared 34 percent higher Tuesday after the company posted a hefty increase in first-quarter income. The stock rose was up 87 cents, to $3.42 in midday trading on the Nasdaq, in the middle of its $1.12 to $5.55 52-week trading range. Volume of 3.4 million shares was nearly three times its average daily volume of 1.8 million shares.
The Fort Lauderdale, Fla.-based Streicher delivers petroleum products, including gas, diesel and alternative fuels to customers with large fleets. Earlier Tuesday, the company said its net income more than doubled to $615,000, or 6 cents per share, from roughly $295,000, or 4 cents per share, last year.
Revenue surged 86 percent to $53.6 million from $28.9 million.
Posted by strike1 on :
FUEL; Seems to have bottomed and ready for the next leg up going into CC 11/15!
We had to have set higher lows during this run, correction and now stabalization.
Total O/s shares have traded not including today's vol;
float of just over 6 million here. We traded 8 million on Tuesday above $3.10... and just 2.5 million on the pullback yesterday. That's a lot of buying and little selling with a small float with incredible financials. Guidance should be coming soon moving forward. Conference call next Tuesday. Much more upside is coming. Buy the dip...JMHO
Posted by JB28930 on :
how much are they spending, all you show is how much they are making... negative eps, p/e tell me the company is spending more than they are making. stock chart is on an uptrend. also whats this conference call all about?
Posted by strike1 on :
This is still a growing company. Short term play here(1-4 days) but a company with long term potential... WORKING CAPITAL gained 77% to $10,382 from $5,861 a gain of $4,521 Net income up 108%, EBITDA 1,784milllion a 80% increase. .07 earnings net a share this qtr.... Not a lot of companies with 135+'s of millions in sales with 9m shares out. They do have interest expense to pay for aquisitions. look at 1 & 2 year chart shows the steady growth and progress...
Cost of revenue will decline over time...
Conference Call to discuss discuss the Company's results and forward guidence going forward. This is what the short term play is on also. Any good info/surprises at all can send it back to 5.55 or higher?
thanks for the info, i will be watching...
Posted by strike1 on :
I would look for a gap at the open... the MM's took it down at the close on a FEW shares... 3.34 to 3.15... typical MM games... GL
P.S. JB28930 that working capital figure above is in millions. I forgot to insert that... GL
Posted by strike1 on :
Bidding up pre-market heading into CC 11/15 2:00 EST
Posted by strike1 on :
The H&W acquistion which will add a minimum of 51 million in additional gross revenues and .40 -.56 eps for the fiscal year for Fuel.
Posted by strike1 on :
FUEL beginning to take off into CC Tomorrow! $3.40 +7%
Posted by strike1 on :
FUEL beginning to move before Conference Call at 2:00 HOD $3.69 +8%
Posted by strike1 on :
well, we got our rise going into the CC as expected.. congrats to all that took teir profits before the CC..
There is now a rumor going around of a FUEL Buyout on some boards by larger company in same field of business... Just passing it along...
Still long and strong. Just look at the 2 year chart and it is a steady rise UP! and with the new business acquisitions going on I wouldn't be surprised to see FUEL get bought with these few shares and trading $20/revenue per share for $3.15.. silly