ADGF( Adams Golf) :$4.16... Blowout quarter reported “net sales of $31.6 million for the three months ended June 30, 2010, as compared to $23.3 million for the three months ended June 30, 2009, an increase of 36% year-over-year. Adams Golf had a net profit of $4.9 million, or $0.63 per fully diluted share, for the three months ended June 30, 2010, as compared to a loss of $5.2 million, or $0.78 per fully diluted share, for the comparable period of 2009.”
DVLN.OB (DVL Inc) $.12
This value anomaly continues and is difficult to justify. DVLN.OB is a 12 cent stock price with a .57 book value and recent reported quarter profit of 1,036,000 along with positive cash flow.
10q released on 10/13/10
CLRO:(ClearOne Communications Inc) $3.51
Strong insider buying coupled with outstanding financial results.
FIGI.PK (Fortress International Group) : $1.59
Second Quarter 2010 Financial Highlights ;
•Revenue of $22.7 million, an increase of 88% over the second quarter 2009
•Gross profit of $3.2 million, an increase of 129% over the second quarter of 2009
•Gross profit margin of 14.1%, compared with 12.0%, in the second quarter of 2009
•Net income from continuing operations of $0.4 million, or $0.03 per share compared with a net loss from continuing operations of $(13.6) million or $(1.07) per share for the second quarter of 2009
•Adjusted EBITDA from continuing operations of $0.8 million, compared with and adjusted EBITDA loss from continuing operations of $(1.3) million for the second quarter of 2009
•Backlog of $51.5 million at June 30, 2010
•Cash and cash equivalents totaling $9.5 million at June 30, 2010
"With our healthy backlog of $51.5 million, combined with the business we expect to close during the second half of the year, we expect to continue our positive trend as we move into the balance of 2010. Our confidence is strengthened by the high level of RFP and RFQ activity coming from new and existing customers, both domestically and internationally. Additionally, two major market initiatives currently underway are creating a significant need for new data center space. The federal government initiative aimed at consolidating thousands of legacy-built data centers into state of the art, energy efficient spaces following a thorough evaluation of all existing facilities and upgrade work on select centers. Secondly, our industry is experiencing tremendous growth from cloud computing, which is creating continued demand for data centers developers to expand their available raised floor space to house their own and their customers' clouds. Our company is ideally positioned to help customers deal with these
demands and strategically develop their sites to meet this new paradigm shift. As we work to develop new customers impacted by these dynamic market factors, we also remain focused on pursuing opportunities to cross sell our facilities management services, where appropriate, as we continue to see significant growth potential for the sale of high-margin, recurring revenue facilities management contracts."
Chief Financial Officer Timothy C. Dec added, "We continued to achieve our growth targets for the first half of the year as the beneficiaries of pent-up market demand, as well as customers' continuing recognition of Fortress' superior solutions. Our ability to deliver significant revenue growth while maintaining gross margins within our targeted range of 14-18% is indicative of the efficiency with which Fortress is currently operating and the effectiveness of our overall operational structure. In addition, we continued to strengthen the Company's financial position, finishing the second quarter with approximately $9.5 million in cash on our balance sheet, compared to $2.3 million at the end of 2009. We are pleased with our strong first half, and confident that this momentum will continue during the remainder of 2010."
AWX (Avalon Holdings); $2.84
“Revenues increased by 44% compared with the second quarter of 2009. This increase was driven primarily by our waste management services segment whose revenues increased by 65%. We are pleased with our financial progress in the quarter and look forward to building on this momentum and remain committed to identifying opportunities for the creation of future shareholder value."
PRXI (Premier Exhibitions); $1.55 “has been awarded 100% of the fair market value of the artifacts, which the Court set at approximately one hundred ten million dollars. The Court has reserved the right to determine the manner in which to pay the award. It will determine by August 15, 2011, whether to pay the Company a cash award from proceeds derived from a judicial sale, or in the alternative, to issue the Company an award of title the artifacts with certain covenants and conditions which would govern their maintenance and future disposition.”
My question; with the closing price of $1.55 , per share data of cash .27, AR .13, GP .39, total liabilities .26 with relatively no shorts I have yet to reconcile this data with the additional salvage award of “ approximately one hundred ten million dollars” announced Friday. The per share value of the awards adds 2.49 per share (110,000,000 award/41,000,000 shares outstanding)= 2.49.
This needs more work.
Hope this data is useful