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- HWG - 500k Float and $10 EPS Run Rate
- 14 Stocks Blogged in 2009 - Average Gain 111% Average Time to Peak 47 Days
- 650k Float TMI retires 19% of warrants = bullish
- TMI FLOAT IS ONLY 752k !!!
- TTY Acquisition Approved - Symbol Changed to EDS
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DIT was a stock I blogged and bought on April 22, 2009 at $32 Read Blog Post. At the time I said the Company would do $10-$12 EPS this year. They reported $10.87 of EPS from continuing operations. DIT hit $71.75, 143 days after my blog post, for a 124% gain so far from the blog post.
I believe I have found a stock with similar characteristics as DIT. I think this stock over 1-12 months could make a similar move as DIT based on similar EPS.
Warning - Stocks that have such a low float and number of shares outstanding can trade thin and be very volatile. They can drop several dollars on low volume. I never take large positions in such stocks and I always understand that they can be illiquid and have risks.
HWG - Hallwood Group Inc.
See Bloomberg
Shares Outstanding - 1.5m
Float 500k
EPS for Q3 - $2.67 per share
Read Press Release
EPS for 9 Months of 2009 $6.94 per share
Industry Textile - Hallwood Group Inc., together with its subsidiaries, engages in the textile and energy businesses in the United States. It develops and markets fabrics, including breathable, waterproof laminate, and other fabrics for use in military clothing and equipment, sailcloth, medical equipment, industrial applications, and consumer apparel. The company’s products include woven synthetic products, and woven and coated nylon products. It also operates as a converter, finisher, and laminator in the textile industry.
Strong Textile Sales to Military:
See Website
We serve the specialized fabric needs of the contractors who supply all branches of the armed services, including the Department of Defense, Department of Justice, United States Postal Service, United States Forestry Service, and others.
The Military Group offers diverse products ranging from fabrics that meet our soldiers’ basic needs to the highly technical performance fabrics for combat and special forces requirements.
Military sales of $32,415,000 and $92,845,000 for the 2009 third quarter and nine month periods, respectively, were 52.9% and 14.4% higher than the comparable periods in 2008 of $21,194,000 and $81,148,000.
Among branded products that Brookwood manufactures are the following:
•ASSAULT
•BARRIER ASSAULT TEXTILE TECHNOLOGY
•BATT
•GLACIER X-TREME
•STORM-TECH
•X 202 U.S.A.
Litigation : The Company is involved in some litigation that they believe they will win but should be noted. Per Note 11 on pages 21-22 of Form 10-q
Read Note 11
super-trades.com analysis:
Small position at $40 with a 1-12 month target range of $60-$100
14 super-trades.com Stock Ideas Blogged in 2009
Average Gain 111%
Average Trading Days From Mention to Peak 47 Days
Range of Gains 45% to 257%
Range of Trading Days From Mention to Peak 2 days to 143 days
13 of 14 still above original entry price (although I am not long term trader)
3 New stocks in progress TMI, EDS, IDI
Read Blog Post
TRIT 139% Gain Called at $8.50 on Sep 9th Hit $20.33, 26 days later on Oct 14th.
Read Blog Post
RINO 257% Gain Called at $7.65 on June 16th. Hit $27.30, 87 days later on Oct 14th.
Read Blog Post
AIM 77% Gain Called at $4.20 on June 15th Hit $7.44, 2 days later on June 16th.
Read Blog Post
SKBO.OB (now SKBI) 104% Gain Called at $11.00 on June 5th Hit $22.49, 18 days later on June 29th.
Read Blog Post
EVK 62% Gain Called at $1.85 on June 2nd Hit $3, 4 days later on June 5th.
Read Blog Post
UTA 124% Gain Called at $7.60 on May 29th Hit $17.20, 49 days later on August 5th.
Read Blog Post
SMCG 67% Gain Called at $1.35 on May 21st Hit $2.27, 11 days later on June 4th.
Read Blog Post
MRM 109% Gain Called at $6.40 on May 19th Hit $13.38, 16 days later on June 9th.
Read Blog Post
FIT 153% Gain Called at $3.50 on May 7th. Hit $8.87, 56 days later on July 23rd.
Read Blog Post
JVA 58% Gain Called at $3.15 on May 6th Hit $5.21, 101 days later on Sep 23rd.
Read Blog Post
DIT 124% Gain Called at $32 on April 22nd. Hit $71.75, 143 days later on Nov 6th.
Read Blog Post
VIFL 122% Gain Called at $1.35 on March 26th Hit $3, 15 days later on April 13th.
Read Blog Post
NIV 45% Gain Called at $3.80 on March 17th Hit $5.50, 2 days later on March 18th.
Read Blog Post
LZR 140% Gain Called at $5.40 on December 23,2008. Hit $11.14, 125 days later on June 15th.
Read Blog Post
less warrants - less dilution = higher EPS
China MediaExpress Holdings, Inc. Repurchases and Retires 1.9 Million Warrants in Private Transaction
Press Release
Source: China MediaExpress Holdings, Inc.
On 8:45 am EST, Friday November 6, 2009
Buzz up! 0 Print.FUJIAN, China--(BUSINESS WIRE)--China MediaExpress Holdings, Inc. (NYSE Amex: TMI; TMI/U; TMI/WS) (“CME” or the “Company”) today announced that it has repurchased and retired a total of 1.9 million of its publicly-traded warrants in a private transaction, for an aggregate purchase price of $950,000 ($0.50 per warrant). The repurchase of these warrants, which represent approximately 19% of all of CME’s publicly-traded warrants, was made pursuant to a warrant repurchase agreement dated October 12, 2009, which was amended on November 1, 2009. All of the terms of the remaining publicly-traded warrants remain the same.
Zheng Cheng, CME’s Founder and CEO, noted, “We believe it to be in the long-term interest of our shareholders to repurchase and retire these warrants thereby eliminating the dilution that would have occurred in the event these warrants were exercised.”
TMI, a stock I recommended at $8 (upon approval of its business combination)See Blog Post, only has a float of 752k by my research below !!!
TMI is forecasting to earn $42m this year which would equate to approximately $1.45 EPS fully diluted after the transaction.
(23.9 outstanding + Treasury method on the warrants 12.3m warrants X $5.50 conversion = 67.6m dollars divided by current market price $9.15 = 7.4m shares that could be bought back. 12.3m warrants - 7.4m treasury method buyback = 4.9m dillution on warrants. 42m net income divided by 23.9m + 4.9m fully diluted = $1.45 EPS)
Competitors FMCN and VISN have P/E Ratios of 17-20 for this hot chinese sector.
FMCN $12 stock .69 EPS estimate per yahoo finance = 17 P/E
VISN $8 stock and .39 EPS estimate per yahoo finance = 20 P/E
If TMI were to have a 15 P/E on $145 EPS that would be $21.75 share price.
But the best part is that TMI only has a tradeable float of 752k !!
1) 23,917,413 Common shares outstanding after the transaction:
Read Link
Page 187 CME owners received the following in new TMI shares:
Zheng Cheng 13,266,684
Thousand Space Holdings Limited 6,095,085
Bright Elite Management Limited 2,303,231
That equals 21,665,000 of the 23,917,413 (leaving 2,252,413)
The 21,665,000 are locked up (cannot be sold) for 6-12 months
Page 92:
Lock-Up Agreements
At the closing of the Transaction, the Sellers will enter into lock-up agreements with TM, providing, among other things, that they not sell or otherwise transfer any of the shares of TM Common Stock received in the Transaction, subject to certain exceptions, for a period of:
• twelve months from the closing date of the Transaction or, with respect to the earn-out shares, from the date of issuance of such shares, for those shares beneficially owned by Mr. Cheng; and
• six months from the closing date of the Transaction or, with respect to the earn-out shares, from the date of issuance of such shares, for those shares beneficially owned by Thousand Space Holdings Limited and Bright Elite Management Limited.
Read Link
2) Of the 2,252,413 shares remaining, 1,500,00 are owned by the original TMI IPO investors (also on Page 187 of the Proxy). (Leaving 752,413 float).
The 1,500,000 are locked up for one year (cannot be sold) following the business combination, unless the stock trades over $11.50 for 20 consecutive days.
Page 49 of the TMI S-1
All of the initial shares outstanding prior to the date of this prospectus will be placed in escrow with Continental Stock Transfer & Trust Company, as escrow agent, until one year after the consummation of our initial business combination. The
initial shares may be released from escrow earlier than this date if, within the first year after we consummate a business combination:
• the last sales price of our common stock equals or exceeds $11.50 per share for any 20 trading days within any 30-trading day period; or
• we consummate a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of our stockholders having the right to exchange their shares of common stock for cash, securities or other property.
Read Link
THAT LEAVES A TRADING FLOAT TO THE PUBLIC OF 752,413 SHARES !!!
2020 ChinaCap Acquirco, Inc. Stockholders Approve Acquisition of Windrace International Company Limited
* Press Release
* Source: 2020 ChinaCap Aquirco
* On 11:25 am EDT, Monday October 19, 2009
MARLBOROUGH, MA--(Marketwire - 10/19/09) - 2020 ChinaCap Acquirco, Inc. ("2020") or (the "Company") (NASDAQ:EDS - News), (NASDAQ:EDSWW - News) and (NASDAQ:EDSUU - News) announced that its stockholders have approved all proposals related to the acquisition by 2020 of Windrace International Company Limited ("WHL"). WHL is one of the largest branded sportswear companies in China that is engaged in the design, manufacturing, trading and distribution of sporting goods, including footwear, apparel and accessories, in the People's Republic of China ("PRC"). The vote to approve the acquisition took place today at the Company's special meeting of stockholders. The transaction is expected to close on October 21, 2009. Prior to the completion of the transaction, the Company will be merged into its wholly-owned subsidiary incorporated in the British Virgin Islands, Exceed Company Limited ("Exceed"), with Exceed as the surviving entity. This will result in the redomestication of the Company to the British Virgin Islands. 2020 changed its ticker symbols from TTY, TTYWW and TTYUU for its common stock, warrants and units respectively to EDS, EDSWW and EDSUU, respectively on October 19, 2009. Upon completion of the transaction, the common stock, warrants and units of Exceed will continue to trade on the NASDAQ Stock Market under the new ticker symbols.
"We are very pleased that our stockholders approved the acquisition of WHL," stated George Lu, Chairman and Chief Executive Officer of 2020. "This transaction provides the business of WHL with a public listing on NASDAQ and the capital to execute its growth strategy of scaling up its distribution network through continued supply chain management enhancements and expansion as well as continued product innovation. WHL has a strong track record of growth, having emerged as one of the leading sporting goods companies in China over the last six years, and we look forward to working with the WHL management team to take the business to the next level and build shareholder value over the long-term."
ABOUT 2020 CHINACAP ACQUIRCO, INC.
2020 is a public acquisition company organized as a corporation under the laws of the State of Delaware on August 21, 2006. It was formed to effect a business combination with an unidentified operating business having its operations in China. In November 2007, it consummated its IPO from which it derived gross proceeds of $69 million, including proceeds from the exercise of the underwriters' over-allotment option. $68 million of the net proceeds of the IPO and a private placement completed prior to the IPO were deposited in a trust account and such funds and a portion of the interest earned thereon will be released only upon the consummation of the business combination or to holders of 2020's common stock in connection with its liquidation and dissolution. Other than its IPO and the pursuit of a business combination, 2020 has not engaged in any business to date.
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