posted
MPS bears by 3 cents.Price up. I believe Analysts will upgrade MPS soon due to MPS's IT outsoursing business and 2006 guidance. My target for MPS is $22.
Earnings rose 77 percent to $20 million, or 19 cents per share, from $11.3 million, or 11 cents per share, a year earlier.
Analysts on average expected profit of 16 cents per share, according to Reuters Estimates.
Revenue rose 1 percent to $425 million, compared with estimates of $431 million.
The company said it expected first-quarter revenue of $420 million to $435 million, compared with analysts' estimates of $434 million.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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posted
RES earning announcement tomorrow. RES increase its dividend significantly last month. Its 2005 earning will be much higher than 2004. Even though the oilfield pull back due to profit taken, RES is the best company in this field base on its Risk/Return ratio. $27 to RES is too too cheap. I am full loaded here.
Also CHB reported a strong earning last Thu with positive guidance in 2006. Share price jumped to $16, followed by profit taken. Time to buy it back again, this is a very solid company with attractive big share appreciation space.
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posted
Last week debate regard whether to rebuild New Orlean city is interesting and relates to fatory-built home industry.
IMO, whether the government rebild the New Orlean or not, they must rebuild Louisiana and other states. Last year FNMA gave 200M contract to CHB to ship facory-build home to hurrican area after the Rita and Katrina. Now I believe more contracts will offer to this industry and CHB definately is the largest company in this sector and will directly benifit from the government contracts. CHB worths at least $20, I am holding it tight.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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Vitesse is showing promise with its Ethernet technology. The segment had another strong quarter, turning in revenue growth of 16% sequentially and more than doubling that of the year-ago period. It has captured about 95% of the market for 5- and 8-gigabit port switches. The unit may well provide $60 million in business in fiscal 2006, which should offset struggling fibre channel and telecom operations.
Analysts forecast another deficit in fiscal 2006, but significant improvement over 2005. The company's Ethernet business is poised to grow at about 15% in the year ahead, thanks to the availability of next-generation products. Ethernet over SONET should also continue to be a success for Vitesse and offset soft demand for other networking products. The Networking segment as a whole should grow at a mid-single-digit pace in fiscal 2006.
Vitesse Semiconductor Corp. on Monday posted a slightly smaller loss for the fiscal first quarter, as revenue rose during the period. The company narrowed its deficit to $14.1 million, or 6 cents per share, from $17.2 million, or 8 cents, the year before. Setting aside one-time items, its net loss amounted to $7.9 million, or 4 cents per share.
Cramer's 'Mad Money' Recap last week suggest a buy fro VTSS on its recovering business. "The battered stock of the day that's making a comeback is Vitesse Semiconductor (VTSS:Nasdaq - commentary - research - Cramer's Take), said Cramer, adding that it has great pin action off the upbeat Cisco (CSCO:Nasdaq - commentary - research - Cramer's Take) quarter. "
Valueline updated VTSS timeliness to 3 with a highest Technical timing at 1 on Feb 10. valuline holds a target $5.
RPC, Inc. Reports 2005 Fourth Quarter and Annual Results Wednesday February 15, 7:20 am ET - Revenues for the Fourth Quarter were $117.6 million, an increase of 37.3 Percent over Prior Year - Including a $0.05 per share Income Tax Credit, Diluted EPS for the Fourth Quarter Increased to $0.33
Oilfield industry today might have rebounce according to premarket prices in green. Oil price up slightly from yesterday lower than $60. RES with its good earning, should have some big move today.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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posted
Best time to buy RES. Industry pull back cover RES's strong earnings this morning. $22 level is unbelievable low. I am buying here with previous shares. Oil price just temporaly pull back a little bit and will back up again soon. Oilfield industry is promising in 2006 and demand side of the oilfield equiptments is growing. Tomorrow RES will rebounce back to $27
Here is the article from Bloomberg, $100 a barrel is possible.
Ex-Chevron Scientist Sees Opportunity in Oil at $100 a Barrel
By Charles Siler Jan. 18 (Bloomberg)
....Tertzakian, a former scientist for Chevron Corp., is chief energy economist of ARC Financial Corp., an investment-management company in Calgary, Alberta, that runs private-equity funds focused on energy.
Sometime this year, he says, global oil demand will reach 86 million barrels a day, or 1,000 barrels a second. We're on the cusp of a ``break point'' that will change how we consume energy, creating opportunities as well as challenges for companies and investors.
``Oil at $20 per barrel is history, at least until major changes reduce the uncertainty, pressure and volatility that we are only now beginning to experience,'' he writes. ``Seasonal spikes of $100 per barrel or more will be the new reality.''
The world isn't running out of petroleum, he says: ``There is plenty of oil left in the ground to last us many decades, if not longer.'' Unfortunately, he adds, demand is accelerating even as the world is running short on the best grade of petroleum, light sweet crude.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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posted
RES is a strong buy here, 38% cut from its 52-weeks high is a signal for a buy. RES reports a strong earnings Wed and good guidance for 2006.RES is a very solid company with huge demand on its oilfield products.
Compare to all other competitors, such as BJS, SLB, BHI, TTI, etc, RES has the second highest ROE 29.26%, slightly behind SLB. RES forward PE is only 16 and Profit Margin 14.2% and no debt. More importantly,Qtrly Earnings Growth 125.7% which is the highest in the oilfield industry.
Maybe due to industry pull back and oil price retreat recently, RES's price tumble by 38% from its $35 high. But from yesterday's strong move of industry index, we can easly observe the rebounce. Especially today analysts updated BJS and SLB should fuel more confidence to this sector.
I think this kind of cut only happen in Biotech or high tech. When you see this happen in oilfield industry, definately is a good entry point and you don't want to miss this great chance. No brainer here.
RES to Present at the Enercom Oil Service Conference IV today, will give more guidance to investors. IBD ranks RES's technical to 95 (highest 99) gives me more confidence that RES will back up to its fair value which I believe is $28.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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posted
Analysts comments on Oilfield sector on Feb 17 2006 and recommend to buy RES at its low price.
RES's near-term prospects look bright eventhough recent pull back from its 52 weeks high. Based on its strong earnings in 2005, we believe the growth rate will continue in 2006 thanks to oil price surge and oilfield equipment market booming. We are holding our fair value for RES at $28 per share.
Industry review
The strong share-price advances of companies in the Oilfield Services/Equipment Industry last year have continued thus far in 2006. The sector's Timeliness ranking in the Value Line system is now 3 (of 98), up another notch since our prior report in November. Many oilfield services concerns are generating record earnings, and their share prices are hitting new highs. Bullish operating fundamentals are reflecting rising worldwide energy demand, coupled with record-high oil and natural gas prices, which have in turn prompted exploration and production (E&P) companies to boost capital spending on drilling and oilfield services.
Rig Utilization
The market for drilling rigs and vessels continues to tighten. Domestically, the number of rigs in service totaled 1,473 at the end of January, an increase of 218 from a year earlier. In Canada, the number of rigs in operation totaled 660, versus 550 in January of last year. Internationally, the number of rigs under contract and drilling totaled 905, according to the Baker Hughes-BHI International Rig Count. This is an improvement of 104 rigs from 12 months earlier. (Note: Due to rising political tensions, Baker Hughes has elected not to include in its international tally any rigs directly or indirectly under the control of the governments of Iran and Sudan.) The worldwide rig count is likely to continue to climb over the next few quarters, as demand and high oil and gas prices provide the incentives to drill for more hydrocarbons.
Oil And Gas Prices
Oilfield services/equipment companies provide drilling rigs and other ancillary products and services to integrated oil companies and E&Ps. Drilling activity has increased substantially because of growing energy demand and persistently high oil and natural gas prices. The trend continued in 2005, and expectations are for more of the same through 2006. Last year, the Energy Information Administration (EIA), which is part of the U.S. Department of Energy, came out with forecasts for oil prices to remain at least around $50 a barrel through the end of next year. It now appears that even this estimate may be a bit too conservative. The EIA also stated that OPEC's relatively low level of spare operating capacity provides very little room in the event of a sharp rise in demand or to cover a supply disruption. Too, the EIA does not believe that the output of non-OPEC producers will be sufficient to offset OPEC's shortage in spare capacity over the next two years.
Many names in the sector are posting their best operating results ever, due to oil prices and gas prices reaching all-time highs. The oilfield services firms are benefiting from the extra cash that the integrated oil and E&P companies have generated from high commodity prices, which has prompted greater spending on drilling activities. Moreover, the tightening supply of available rigs due to increased drilling has led to meaningful increases in dayrates.
These favorable conditions have led to a run-up in share prices of many stocks in the sector in recent months. Their P/E multiples have expanded a bit, but a windfall of profits has kept them below historical highs, as rising dayrates and growing demand for rigs continue to support strong profitability.
Investment Advice
Drilling companies are poised for solid results in the quarters ahead, backed by strong oil and natural gas prices and growing global economic expansion. The industry has benefited from increased rig utilization and higher rates charged for rig usage and ancillary products and services. This gives most stocks in the sector good Timeliness ranks. But many of these stocks have appreciated so sharply in such a short period of time that we question their attractiveness from here for capital gains potential out to 2008-2010. Nonetheless, we are in the midst of an extended up cycle in drilling activity that has shown few, if any, signs of slowing. We believe the progress will continue at least through the end of this year, and probably well into 2007. Investors should have in mind, though, the historically volatile nature of the Oilfield/Equipment Services Industry and the stocks that we track here.
-------------------- Disclaim: I don’t guarantee the accuracy of the information I post. All my posts are based on my own research. I am not a registered investment advisor and therefore I am not qualified to give you any investment advices. You Make Your Decision!
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OMDA Oil & Gas - parties to lawsuit attend mediation meeting
As previously announced, OMDA Oil & Gas, Inc. has been involved in an ongoing lawsuit against former management. The original suit, filed March 29th 2005 , sought the return of significant assets including numerous producing and non-producing wells, as well as actual monetary damages.
Adam Barnett and legal counsel from the firm Zimmerman, Axelrad, Meyer, Stern & Wise attended a mediation hearing yesterday, March 14th. This mediation was an attempt to settle the above referenced lawsuit before the trial date next month.
Adam Barnett, Chairman, stated, “ I could not be more pleased that this lawsuit is now reaching the settlement stage. I was very happy with the mediation yesterday and the fine job that our legal counsel did in representing us throughout the proceeding.” Barnett went on to say, “ While I can not comment on the fine points concerning the events yesterday, I feel confident that the shareholders of OMDA Oil & Gas, Inc. will be very pleased with the outcome. I hope to have all finalized paperwork resulting from the mediation soon, and I look very forward to announcing all details in a formal press release in the weeks to come.”
posted
Cashmakers, I went in on Gander Mountain (gmtn) on your recommendation the first part of the year. Their earnings report just came out last week, and it was excellent. Take a look. Its going up sharply. I'm thinking $12-14 here. Also, look at THK which is highly recommended by a broker I am acquanted with.
Gander Mountain rallies on results Contributions from hunting gear help profit, sales
By Angela Moore , MarketWatch Last Update: 4:24 PM ET Mar 8, 2006
NEW YORK (MarketWatch) -- Sporting-goods retailer Gander Mountain Co. reported growth of more than 26% in fourth-quarter profit Wednesday, helped by strong seasonal sales of hunting equipment and attire.
Shares of Gander Mountain ( GMTN ) soared in early trading, rallying more than 21% at one point, but closed up 4.7% at $6.95.
Net income rose to $22.2 million, or $1.45 a share, from $17.5 million, or $1.21 a share, earned in the year-ago fourth quarter.
Gander Mountain's sales rose to $280.8 million in the three months ended Jan. 28 from $239 million.
The average estimate of analysts polled by Thomson First Call was for a profit of 87 cents a share on sales of $287.8 million.
The St. Paul, Minn.-based retailer said that while it rang up robust sales of hunting gear during November and December, January's sales were hurt by considerably less clearance activity due to improved inventory management.
In addition, Gander Mountain said its ice-fishing business was "extremely challenging" in January as the ice on lakes in many markets was considered unsafe
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Sulja Bros. Building Supplies, Ltd. Receives Investment Capital and Releases Financial Information
DUBAI, UNITED ARAB EMIRATES, Aug 03, 2006 (MARKET WIRE via COMTEX) -- Wessal International is pleased to announce that Sulja Bros. Building Supplies, Ltd.'s (PINKSHEETS: SLJB) financials are currently available on www.suljabros.com
CEO Steve Sulja states: "Sulja Bros. is pleased to release financial statements to the investing community. The posted financials are a compilation of Sulja Bros. and all of its North American and Middle Eastern wholly owned subsidiaries. We had a great year and our Middle East projects are supplying tremendous growth. We look forward to another outstanding year with increased net profits and growth."
Wessal International has arranged for private financing of USD 25 million, of investment capital, for Sulja Bros. Building Supplies, Ltd.
A Wessal International spokesperson commented, "We have acquired private financing to secure the vast supplies and materials needed in the rapidly growing operations in the Middle Eastern market. This will necessitate and alleviate the capital required for such an extensive demand for building materials. The capital attained will ensure that Sulja Bros. will not use company shares to raise capital in the near or distant future, and will continue to not only maintain the upward climb towards a high price per share, but to also steadily rise towards a higher market exchange."
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