posted
The MM's are trying to fill their pockets today. I don't blame them. Their has been a HUGE amount of investor's interest and volume. This stock is HIGHLY undervalued and within days or weeks could be 4.00 - 5.00. This is an extremely good time to buy in this retracement! Strong BUY alert here!!
Posts: 339 | From: Ohio | Registered: Sep 2005
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posted
There was news yesterday of a company in Auburn Hills, Michigan who builds modular homes. FEMA awarded them 60,000,000 contract to build 2,000 homes. Haven't looked up ticker yet....not position to jump on it anyways. Good luck all.
Posts: 2367 | From: Detroit | Registered: Mar 2005
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posted
Had a good day finally after dropping for 5 straight.......or it seemed at least that many days!
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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I can,t believe this stock has not hit the 3.00 range..should have been up last week.. to good of a company.. A lot of volume the last 2 days..
Posts: 2 | From: texas | Registered: Sep 2005
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Hurricane Katrina: U.S. Army Corps of Engineers Increases Aduddell Contract to $60,000,000.00 Tuesday September 20, 10:20 am ET
OKLAHOMA CITY--(BUSINESS WIRE)--Sept. 20, 2005--Zenex International, Inc. (OTCBB:ZENX - News) & Aduddell Roofing: Joint venture partners Aduddell Roofing & Waterproofing, Inc. and Carothers Construction, Inc. have received a modification by the U.S. Army Corps of Engineers to increase their Contract Amount to $60,000,000.00.
Aduddell has been mobilized and working since September 8, 2005 in the Mississippi Counties of Pearl River, Hancock, Harrison and Jackson. Aduddell has already exceeded more than 80% of the first two task orders totaling $20,000,000.00.
Mr. Ron Carte, CEO of Zenex International, Inc., states, "The widespread damage caused by Hurricane Katrina has required Aduddell Roofing to increase their workforce because of anticipated growth in the core business of Commercial Roofing and Waterproofing. We are optimistic about the outlook and potential for future growth of the company."
Safe Harbor -- This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
-------------------------------------------------------------------------------- Contact: Zenex International, Inc., Oklahoma City Ron Carte, 405-692-2300 roncarte*aduddell.com
-------------------------------------------------------------------------------- Source: Zenex International, Inc.
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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I stated to buy some today again. Market cap is below 40 million. Too low in my opinion. Should see a bounce soon.
Posts: 353 | From: Germany | Registered: Aug 2005
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Zenex Announces New Contracts and Status of FEMA Contract Wednesday October 12, 2:01 pm ET
OKLAHOMA CITY, Okla.--(BUSINESS WIRE)--Oct. 12, 2005--Ron Carte, Chairman/CEO of Zenex International, Inc. (OTCBB:ZENX - News) announced that Aduddell Roofing and Weatherproofing, (Zenex's operating subsidiary) has signed or started twenty-three new roofing contracts in its core commercial roofing business in the third quarter of 2005. These new contracts are expected to result in approximately $5.2 million of gross revenues during the third and fourth quarter of 2005. The new contracts are with such well-known organizations as Hyatt Regency Hotels, Hospital Corporation of America, and Renaissance Hotels, as well as a major re-roofing project at Los Alamos National Laboratory. Ron Carte stated, "These contracts expand our exposure and presence of operations across America, including White Plains, N.Y.; Marietta, Ga.; and the desert mountains of New Mexico."
Carte also announced that, as of September 30, 2005, Aduddell Roofing had completed temporary roofs of approximately 13,000 Mississippi homeowners. This represents 24,583,000 square feet of roofing, or the completion of approximately 75% of its previously announced $60 million contract with The Corps of Engineers. Tim Aduddell, President and CEO of Aduddell Roofing, states, "We are making tremendous progress in the State of Mississippi assisting residents and enabling them to move back into their damaged homes." The entire contract is expected to be completed by the middle of November.
Ron Carte also stated, "We are obviously pleased with the continued success of our company. We are looking forward to the fourth quarter results and are continuing to evaluate areas to improve and enhance our company and shareholder value."
Posts: 353 | From: Germany | Registered: Aug 2005
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posted
Zenex Announces New Contracts and Status of FEMA Contract
October 12, 2005 14:01:01 (ET)
OKLAHOMA CITY, Okla., Oct 12, 2005 (BUSINESS WIRE) -- Ron Carte, Chairman/CEO of Zenex International, Inc. (ZENX, Trade) announced that Aduddell Roofing and Weatherproofing, (Zenex's operating subsidiary) has signed or started twenty-three new roofing contracts in its core commercial roofing business in the third quarter of 2005. These new contracts are expected to result in approximately $5.2 million of gross revenues during the third and fourth quarter of 2005. The new contracts are with such well-known organizations as Hyatt Regency Hotels, Hospital Corporation of America, and Renaissance Hotels, as well as a major re-roofing project at Los Alamos National Laboratory. Ron Carte stated, "These contracts expand our exposure and presence of operations across America, including White Plains, N.Y.; Marietta, Ga.; and the desert mountains of New Mexico."
Carte also announced that, as of September 30, 2005, Aduddell Roofing had completed temporary roofs of approximately 13,000 Mississippi homeowners. This represents 24,583,000 square feet of roofing, or the completion of approximately 75% of its previously announced $60 million contract with The Corps of Engineers. Tim Aduddell, President and CEO of Aduddell Roofing, states, "We are making tremendous progress in the State of Mississippi assisting residents and enabling them to move back into their damaged homes." The entire contract is expected to be completed by the middle of November.
Ron Carte also stated, "We are obviously pleased with the continued success of our company. We are looking forward to the fourth quarter results and are continuing to evaluate areas to improve and enhance our company and shareholder value."
Posts: 176 | Registered: Nov 2004
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posted
Both WEGI and ZENX are well up today and seem to be strengthening as we head to close....
Wilma, I suppose.....
ECCI, another hurricane related stock looking good too...Gap up tomorrow for all three?
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
anyone still following ZENX? interesting week for it - bouncing between the .60's and .90's.
at least on the surface, i thought their 10K released yesterday looked pretty good: earned .12/sh on the year. not bad for a .72 stock. apparently it was a disappointment though, because it opened at .95 and closed at .72.
any thoughts on this behavior from ZENX followers? why is .12/sh profit disappointing? must admit, pending reading the full 10K, i am interesting in buying a small amount after seeing how good the numbers were.
Posts: 1698 | Registered: Mar 2004
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i did buy a little at the open repo, still seems odd to me that it went nowhere after the good 10K.
Posts: 1698 | Registered: Mar 2004
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reversed course and sold ZENX in the afternoon, after buying a little at the open.
on page F-19, they mention:
"The amount of revenue the Company expects to realize from work to be performed on uncompleted contracts in progress and from contractual agreements on which work had not yet begun at December 31, 2005, was approximately $2,070,000."
while it's clear that everyone knows that last year was a special year for ZENX due to all the hurricane activity, $2M is a pretty paltry backlog. it's only 5% of their total revs from last year. was a small enough number that it struck me as too risky to hold, thus my reversal.
who knows - they may post huge numbers this year, several other very positive comments in the 10K about revenue potential. ZENX is still very much of interest to me, but - i want to sit on the sidelines awhile and watch it, and maybe reenter later on depending on how it goes the next few months for them.
repo, i agree with you to an extent though: regardless of numbers in the K's and Q's, ZENX will always probably be volatile and has the potential to make big runs during hurricane season.
Posts: 1698 | Registered: Mar 2004
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