ICCC: ImmuCell Corp (Nano Cap Value)

Stock reached a price of 4.75 today on positive news:

I own shares of ICCC

"Co announces that in a study of approximately 300 qualified cows with subclinical mastitis that was conducted at sixteen sites across the United States, the Mast Out treatment group showed a statistically highly significant overall cure rate in comparison to the placebo group. The preliminary breakdown of the data by species suggests both the necessary numerical superiority and clinical relevancy to support robust product performance in the field. The primary objective of this study was to demonstrate effectiveness in the field, at a level similar to currently marketed intramammary antibiotics "

The post below was written June 09:

Link

ICCC: ImmuCell Corp

Cash per share is 1.73 with no long term debt. They own a 26,800 square foot building at 56 Evergreen Drive in Portland, Maine. Enterprise value is only .63 : Price (2.20) – (1.57) (Cash – Liabilities) = .63 EV

This biotechnology company is dedicated to marketing products that improve animal health and productivity in the dairy and beef industries. Their product focus encompasses prevention, diagnosis and treatment of bovine diseases.

The key risk is FDA approval of Mast out.

I have a position in ICCC.

Additional positive insider activity today 06/09/09

Additional positive insider activity

ICCC Quote

http://finance.yahoo.com/q/it?s=ICCC

Link to ShadowStock

ICCC: ImmuCell Corp (Nano Cap Value)

ICCC: ImmuCell Corp


Cash per share is 1.73 with no long term debt. They own a 26,800 square foot building at 56 Evergreen Drive in Portland, Maine. Enterprise value is only .63 : Price (2.20) – (1.57) (Cash – Liabilities) = .63 EV

This biotechnology company is dedicated to marketing products that improve animal health and productivity in the dairy and beef industries. Their product focus encompasses prevention, diagnosis and treatment of bovine diseases.

The key risk is FDA approval of Mast out.

I have a position in ICCC.

Additional positive insider activity today 06/09/09

Additional positive insider activity


http://finance.yahoo.com/q/it?s=ICCC

Insider purchases today (06/23/11) Why are they worth a closer look

these are not recommendations but only additional data for today's value based insider buys.

Click to view quotes on the ideas below

ICCC: 23 million market cap doubles over the prior 3 month and insider steps foward to purchase more shares.

"Marketwire - 06/09/11) - ImmuCell Corporation (NASDAQ:ICCC - News) today announced that the Center for Veterinary Medicine, U.S. Food and Drug Administration (FDA) has accepted the pivotal Nisin residue data in milk and has assigned a zero milk discard time and zero meat withdrawal period. These 'claims' are subject to obtaining the Human Food Safety (HFS) Technical Section Complete Letter and ultimately approval of the New Animal Drug Application (NADA)."

ICCC ImmuCell Corp. 10% Ownership : Tomsche David Scott industry = Diagnostic Substances 2322 shares purchased for 14,497 @6.24

i've mentioned ICCC many times and still own the stock:
please click to view

HNH: HNH: Handy & Harman Ltd

Current Price = 15.94
52wk Range: 3.85 - 16.32
5 year range: 1.10-103.00

strong pattern of recent insider buying, value based institutions holding shares KENNEDY CAPITAL MANAGEMENT, GAMCO INVESTORS, GABELLI FUNDS, LICHTENSTEIN WARREN, BERTOLET CAPITAL TR-PINNACLE VALUE FD

insider ownership =  11.87%

Increasing revenues 21.80%  quarterly YOY

improving gross margins of 26.6% for the TTM versus 18.8% (2007), 20.8% (2008), 24.3% (2009) 26.8% (2010)

Quick ratio = .65

Tonight's (06/23/11) Insider buys
10% owner purchased 1,000 shares for 14,258 @ 14.24
Prior mentions of HNH click to review

OCC   Optical Cable Corporation      10% Ownership : WEBER CRAIG H        purchased   11,600  shares for  47,034  @ 4.07 

Profitable ROIC was 6.58 after two years of negative ROIC.

EV/EBITDA = 5.27

EV/Revenue = 0.46

YOY quarterly revenue growth = 12.60%

1% current dividend yield

23 acres of land near the Roanoke, Virginia airport and major trucking company facilities along with a building

Market Cap = 26 million

SPAN    Span-America Medical    10% Ownership : LEE DAN R       Medical Appliances & Equipment  500  shares purchased for  7,699  @16.28

Market cap = 41 million
EBITDA/EV = 5.25

current dividend yield = 3%

cash per share = 2.06

 PZZI    Pizza Inn, Inc. Senior Vice President & COO : Jobe Madison      industry = Restaurants     5,000 shares purchased for 12,500  @ 2.5

ImmuCell Comments

ImmuCell Comments on Status of Zero Milk Discard Claim for Mast Out(R)


"ImmuCell Corporation (NASDAQ:ICCC - News) today announced that the Center for Veterinary Medicine, U.S. Food and Drug Administration (FDA) has accepted the pivotal Nisin residue data in milk and has assigned a zero milk discard time and zero meat withdrawal period. These 'claims' are subject to obtaining the Human Food Safety (HFS) Technical Section Complete Letter and ultimately approval of the New Animal Drug Application (NADA)."

http://finance.yahoo.com/news/ImmuCell-Comments-on-Status-iw-194814812.html?x=0&.v=1

Long ICCC

http://shadowstock.blogspot.com/search?q=iccc

08/27/13 Value Based Insider Purchases

Click for quotes on HSON, ICCC, CACH,HTCH

HSON: Staffing and outsourcing company Hudson Global continues to show insider purchases. The stock is down -44.54% over the past 52 weeks trading near their 52 week low. Price is near a 3 year low along with the p/s at historical low. The company is struggling with lower gross margins along with operation challenges but appears to be reflected in the current price.  

ICCC: ImmuCell Corp develops animal health products to create measurable economic impact in the dairy and beef industries. ICCC is in the process of getting FDA approval for one of their products. They tried partnerships in the past but that effort has not worked so they are now moving forward on their own. The company is profitable.

Value Ideas: Insider Buys to Float Ratio

My search for potential ideas started by using the net number of shares purchased and comparing to total shares in the float. Part of me was looking to measure insider buying conviction. Then I made sure value potential was real by reviewing financial performance and the markets over or under reaction.
 

ELSE, ICCC, DLIA.SXCL presented interesting value attributes coupled with notable insider conviction worth a closer look.

ELSE: Electro-Sensors manufactures and distributes industrial production monitoring and process control systems.

Current Dividend Yield is 4.00%

Market Cap = 13.56M

 EV = 4.94M

 EV / EBITDA = 6.06M

 EV/Revenue = .76

Percentage held by insider = 60.39%

17,713 shares were purchased by insider during 2012 for an average price of 3.90

1.32 million shares in float for a value based on closing price of 4.00 of 5.28M

Book value is 3.03 per share with 2.54 per share in cash and 16.30% YOY increase in revenue

Insider Activity:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ImmuCell Corp. (ICCC)

Financially sound tiny but profitable 16 million nano cap sitting on valuable animal health biotechnology. This technology is used to protect calves health without the use of antibiotics. The company sells its products to distributors and bovine veterinarians, as well as directly to dairy producers.

Based in Portland, Main and founded  in 1982, "ImmuCell's purpose is to create scientifically-proven and practical products that result in a measurable economic impact on animal health and productivity in the dairy and beef industries."

ICCC has a margin of safety and could be considered a  heads i win real big tails i dont lose too much.Why .. 3.06 in tanglble book value, 1.66 per share in cash.2.1 million in real estate recorded on the books in 1992 but this is the margin of safety part. Upside is in the FDA approval for thier MASTiK product to protect health of calves without the use of antibiotics coupled with exsiting profitable bussiness.

dELiA*s, Inc. (DLIA) and Steel Excel Inc. (SXCL) are worth taking a look at and at least considering keeping on a watch list. 

"Sometimes your personality is coded in such a way that it is a part of you, acting that way is a necessity, you are compelled to be an entrepreneur or a musician or a stay-at-home dad, because you are simply not built like everyone else."

Taken from Preeti Gupta's unexpected purposeful and enjoyable book: check it out on Amazon or visit her website.

Notable reported insider Micro Value Buys 08/22/11

ICCC :  ImmuCell Corp.  10% Ownership : Tomsche David Scott   (Industry= Diagnostic Substances ) 15,000  shares purchased for $87,000 @5.80 

Strong recent diversified group of insider purchases.

Previous mentions:

http://shadowstock.blogspot.com/search?q=iccc

Market Cap: 19.32M

Enterprise Value: 16.03M

RIMG:  Rimage Corp.    Chief Financial Officer : Stewart James R    (Industry =  Computer Peripherals) purchased   1,000 shares for $13,155  @13.18

Market Cap: 129.55M
Enterprise Value: 5.83M

Previous mentions

http://shadowstock.blogspot.com/search?q=rimg

WLFC: Willis Lease Finance    SVP, Chief Financial Officer : Forsyth Bradley Stew    (Industry = Rental & Leasing Services) purchased   500 shares for $4,095 @ 8.19

CRC: Chromcraft Revington    CEO : Butler Ronald H   (Industry =Home Furnishings & Fixtures) purchased    1,500 shares for $1,830  @ 1.22

Value Based Micro Cap Ideas with Insider Buying for the Day ending 02/01/16

Symbol	Company Name
ADK	AdCare Health Systems, Inc.
BID	Sotheby's
CETV	Central European Media
CNMD	CONMED Corporation
ICCC	ImmuCell Corp.
NOG	Northern Oil and Gas, Inc.
TWOC	Trans World Corporation
UPLD	Upland Software, Inc.
WLFC	Willis Lease Finance Corp.

Click for quotes on all stocks listed




AdCare Health Systems, Inc. (ADK)

Sotheby's (BID)

CONMED Corporation (CNMD)
ImmuCell Corp. (ICCC)
Northern Oil and Gas, Inc. (NOG)
Trans World Corporation (TWOC)
Upland Software, Inc. (UPLD)
Willis Lease Finance Corp. (WLFC)

Animal Health: Two Nano Cap Value Thoughts

ImmuCell Corp. (ICCC)

Financially sound tiny but profitable 16 million nano cap sitting on potentially valuable animal health biotechnology. This technology is used to protect calves health without the use of antibiotics. The company sells its products to distributors and bovine veterinarians, as well as directly to dairy producers.

Based in Portland, Main and founded in 1982, "ImmuCell's purpose is to create scientifically-proven and practical products that result in a measurable economic impact on animal health and productivity in the dairy and beef industries."

ICCC has a margin of safety and could be considered a heads i win real big tails i don't lose too much. Why .. 3.06 in tangible book value, 1.66 per share in cash.2.1 million in real estate recorded on the books in 1992 but this is the margin of safety part. Upside is in the FDA approval and further market roll out for their Mast Out product to protect health of calves without the use of antibiotics coupled with existing profitable business.

 

Insider purchased 2011/10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The current and potential further catalyst was presented in detail on 08/28/12 at the Kansas City Animal Health Investment Forum.

Taken from conference

 

http://immucell.com/documents/MastOutPresentationKansasCity2012.pdf

 

"We are engaged in ongoing discussions related to funding the remaining investment to bring Mast Out® to market through a strategic partner, debt and/or equity financing," commented Michael F. Brigham, president and CEO.

•Remaining investment (currently estimated at approximately $13,000,000) relates primarily to commercial manufacturing and sales & marketing.

Depending on any partner/debt deal structure, we may also seek equity financing to fund a substantial portion of the remaining investment.

HSKA: Heska Corporation (HSKA)

" Heska Corporation develops, manufactures, markets, sells, and supports veterinary products for canine and feline companion animal health markets in the United States and internationally. The company's Core Companion Animal Health segment offers various veterinary diagnostic and other instruments"

Market Cap = 43.27M, EV = 35.66M

EV/Sales = .51 EV/EBITDA = 8.74

P/Book = .86

YOY Qtrly Revenue Growth = 4,70%

52 week return = -10.53%

Insider ownership = 15.23%

Institutional ownership = 23.10%

Current Dividend Yield = 4.90%

Weekend findings (05/16/10)/Stocks to watch

AVCA

Price: $5.73

Positives;
Share buy backs reducing maintain a consistent share count from 2004 to the TTM.
Average ROIC from 2005-2009 of 15.14%
YOY quarterly sales change of 2.0%
.05 quarterly dividend
Ownership of 9 nursing care facilities
Historically low P/S and P/B valuation
Current high earnings yield as measured by EBITDA – average capital expenditures over the prior 4 years/ current EV = 10.48%

Negative:
Preferred stock

Click to see critical data



ICCC

ImmuCell Corporation

Price 3.52
EV: 2.10
CASH/Price = 47.35%
Share count reduction
Insider purchases on Friday

Risk
Waiting for FDA approval on new animal health care product

KSWS

K•Swiss Inc

Price 10.41 ($215,032,400)
EV = 6.12 ($365,780,000)

Share buybacks and potential discount to normalized earnings

Large shares reported purchased by insider on Friday
Negative:
Large negative short: Short as a percentage of float = 16.80%
YOY quarterly sales change -21.40%

Click to see more critical data


SLI

Industry: Diversified Electronics
Co Name: SL Industries, Inc.,
Price = 11.15 (68,320,000)
EV = 15.57 ($95,437,500)

Average 06-09/Current EV = 10.35%
OI/EV = 3.34%
Recent strong insider buying

Click to see more critical data

Follow up notes on prior post presenting potential value

“Take up one idea. Make that one idea your life; dream of it; think of it; live on that idea. Let the brain, the body, muscles, nerves, every part of your body be full of that idea, and just leave every other idea alone. This is the way to success, and this is the way great spiritual giants are produced.”
Swami Vivekananda    

Click to view all 25 ideas based on prior weeks insider buying

RVM: 329% off 52 week high of 3.95 on Sept 12, 2012 

IDSA: Statistically cheap, tiny deep value nano cap, deep discount to book and 52 change -42.49%

HSON: Strong flow of positive insider activity, historically cheap,-40% over 52 weeks, value institution holding Heartland 9% and Royce.

VSCI: 

COSI: Cash rich and micro cap value guru MILLER LLOYD adding more shares

ICCC:  Tiny 9M cash rich biotechnology for dairy industry. Had but no longer a partnership with Pfizer animal health. Profitable

GAMR: Cash more than price,.72 cash versus price = .27, 104% off 52 high, MILLER LLOYD I III adding to his position, Nano cap size

KRO: Surge of heavy diversified group of insider buying over the past 30 days.

PDEX:  Large Insider purchases relative to float last week.

RAIL: 8.09 per share in cash, near 52 week low, founded 1909, Royce 5% and Heartland 10% holding shares

LRAD:

BZC: Founded 1962, 40,900 shares purch for $364,003. EV = 79.84M,

AIRT: 23,400 share purch during August for $243,136. MC = 25M, EV =18M

Okay that’s it for tonight.

Ideas with TTM of Insider Buying and Share Count Reduction

Creating a list of stocks that have reduced their share count and insiders purchased over the past 52 weeks. These are some of the stocks. 

Not related to the topic of this post but purchased a few shares of LUB, TIBX and FLL. Still needs work but comfortable with TIBX below 20 and LUB below 5.00. FLL is a bit of a value trap but the price is creating an opportunity now under 1.40.

Insider activity below only for 2014 and data on share counts for the MRQ and the prior year quarter. Additionally contains other price performance and fundamental metrics. Ideas in the table are listed underneath. 

Bank of Commerce Holdings (BOCH), 
Titan International Inc. (TWI) , 
Unifi Inc. (UFI) ,
Georgetown Bancorp Inc. (GTWN) ,
First Clover Leaf Financial Corp. (FCLF) , 
Francesca's Holdings Corporation (FRAN),
Calamos Asset Management Inc. (CLMS), 
First Commonwealth Financial Corp. (FCF), 

Digirad Corporation (DRAD),
Emulex Corporation (ELX),
Air T Inc. (AIRT),
Rand Capital Corporation (RAND), 

Orbit International Corp. (ORBT)
Dick's Sporting Goods Inc. (DKS),
ImmuCell Corp. (ICCC), 
Ambassadors Group Inc. (EPAX), 
Valley Financial orporation (VYFC),
CCA Industries Inc. (CAW),
Global Partners LP (GLP) ,
U.S. Global Investors, Inc. (GROW) ,
Bassett Furniture Industries, Incorporated (BSET)

Click for quotes on all stocks in table below

You can include or exclude data by right mouse clicking.Furthermore on the right side you can add metrics that may add meaning to your analysis.  

Learn About Tableau

Nano cap ideas 06/30/10

ATEA: $ 2.52 , 8.6 million market cap with 20 million in sales


Not a traditional value stock given the debt load but they are gaining more traction with recent software implementation wins, recognized today as a visionary by Gartner, recent strong insider buying, 11,000 shares purchased today

CECE: CECO Environmental Corp $4.70 market cap 67 million, industry: Pollution & Treatment Controls

Strong recent insider buying

ICCC: ImmuCell Corp, $3.30, market cap of 10 million; nano cap deep value with exciting potential developing products that improve animal health, small insider buys today

please click to get quotes on the above

Ideas Prompted by Recent Insider Activity (Additional Metrics)

Click for quotes on DRAD,COBR,RWC,HSON,ICCC,RLOG,AIRT,AGYS,CAPS