I've been following trade alerts from the Penny Stock 101 org newsletter, and I've been consistanly beating the market. If you want to get an early jump on the fastest moving NASDAQ, NYES and OTC stocks signup now.Just on an email stating they have a new pick coming tomorrow!
I'll keep this short and sweet...Google "Penny Stock 101 org' signup for their free newsletter and get their next trade alert. Come back and thank me tomorrow!
I agree, but does management care? Their contempt for shareholders is stuff for Harvard Management case studies. Diversification is an absolute direction right now.
Yahoo ate my last post as it had a link to this. Just go to cash flow and balance sheet in Yahoo to see it formatted correctly. Response to carlson, Compare ENG to gaint COP. Cop is losing money, ENG is making money.
Balance Sheet Get Balance Sheet for:
View: Annual Data | Quarterly Data All numbers in thousands
Period Ending Sep 26, 2015 Jun 27, 2015 Mar 28, 2015 Dec 27, 2014
Cash And Cash Equivalents 11,878 9,315 6,029 6,213
Short Term Investments - - - -
Net Receivables 27,001 31,903 36,412 35,737
Inventory - - - -
Other Current Assets 384 574 744 898
Total Current Assets 39,263 41,792 43,185 42,848
Long Term Investments - - - 2,964
Accounts Payable 11,656 14,799 16,587 19,324
Short/Current Long Term Debt - - - -
Other Current Liabilities 1,794 1,547 2,193 3,084
Total Current Liabilities 13,450 16,346 18,780 22,408
Long Term Debt 400 416 324 216
Other Liabilities - - - -
Deferred Long Term Liability Charges - - - -
Minority Interest - - - -
Negative Goodwill - - - -
Total Liabilities 13,850 16,762 19,104 22,624
Misc Stocks Options Warrants - - - -
Redeemable Preferred Stock - - - -
Preferred Stock - - - -
Common Stock 28 28 28 28
Retained Earnings (5,818) (6,138) (7,115) (7,737)
Treasury Stock (11) (2,362) (2,362) (2,362)
Capital Surplus 37,114 39,352 39,228 39,103
Other Stockholder Equity - - - -
Total Stockholder Equity 31,313 30,880 29,779 29,032
Net Tangible Assets 28,507 28,074 26,973
If you read their reports they have 25 m in cash and equivalents. Now since then they could have cut into that amount. My game is they have contracts ending and no new real revenues. So what might be your game? Can you calculate cash burn and how long they can go without debt? Love to hear your take on the short and long term outlook for this company?
Total Cash (mrq): 11.88M
Total Cash Per Share (mrq): 0.42
Total Debt (mrq): 400.00K
Total Debt/Equity (mrq): 1.28
Current Ratio (mrq): 2.92
Book Value Per Share (mrq): 1.12
What is your game gj? They are loaded with cash and have practically no debt and are profitable in 2015 even with low oil prices.
HOUSTON, Nov. 6, 2015 (GLOBE NEWSWIRE) -- ENGlobal (Nasdaq:ENG), a leading provider of engineering and automation services, today announced its financial results for the third quarter ended September 26, 2015.
HIGHLIGHTS OF CONTINUING OPERATIONS:
Revenues of $18.2 million
Gross profit margin of 20.7%
Net income of $0.01 per diluted share
Thought it was $25 million? So their revenue will continue to cover 400+ employee salaries? Sounds like the burn rate short of some real business is now extreme.
Market Cap (intraday)5: 22.45M
Enterprise Value (Jan 13, 2016)3: 12.09M
Trailing P/E (ttm, intraday): 8.16
Forward P/E (fye Dec 27, 2016)1: N/A
PEG Ratio (5 yr expected)1: N/A
Price/Sales (ttm): 0.26
Price/Book (mrq): 0.75
Enterprise Value/Revenue (ttm)3: 0.14
Enterprise Value/EBITDA (ttm)6: 2.67
7:49 am Jacobs receives contract option w/ a potential value of $127.8 million and also receives contract for Biogen's (BIIB) new manufacturing facility in Luterbach, Switzerland (JEC) :
Co receives a modification to extend the Engineering and Science Services and Skills Augmentation contract at NASA's Marshall Space Flight Center in Huntsville, Alabama.
The contract modification is for a one-year option with a potential value of $127.8 million.
The option began October 3, 2015 and extends through September 30, 2016.
Under the terms of the ESSSA contract, Jacobs is providing science and engineering and technician support at MSFC.
Co also announces that it receives a contract to provide engineering, procurement and construction management services for Biogen's (BIIB) new manufacturing facility in Luterbach, Switzerland.
Under the terms of the agreement, Jacobs is providing EPCM services for Biogen's fourth manufacturing plant.
Work on the facility was expected to begin in late 2015 with the plant fully operational by 2021.
TRUSSVILLE, AL- SPOC Automation, a company located in a quiet Birmingham suburb of about 20,000 people, is the largest artificial lift control manufacturer in all of North America. “Artificial lift” is the process used to increase the flow of liquids coming out of a well, or, as SPOC Automation describes it, “technology that allows users to get more product out of the ground.”
Bobby Mason founded SPOC Automation in Trussville in 2001 when the price of a barrel of oil was near an all-time low. Mason and a handful of industry veterans were working with motor controls in the coal bed methane industry on a job site near Tuscaloosa when they discovered a way to engineer sensorless pump off control software (SPOC). Their discovery drastically reduced energy consumption — and costs — for its users. So while many people were getting out of the oil and gas industry, Mason recognized it was an ideal time to release his team’s product to improve oilfield production. Some 15 years the company is a global leader in the oil and gas industry.
“Our livelihood for the past fifteen years has been dedicated to both the domestic and international oil and gas industry,” said Mason. “However, our roots actually run deep in the nonconventional gas fields of the Black Warrior Basin of West Alabama.”
Due to product demand, the company’s staff has recently doubled in size, with more than 70 jobs created over a three-year period, and their team of designers and engineers continues to innovate.
Most recently, they created a cloud-based software called ‘Well Optix,’ which allows customers 24/7 access to well conditions, production information and the ability to make updates to artificial lift controls.
While the recent decline in oil prices has affected the oil and gas industry, SPOC has been able to capitalize on the fact that their Alabama-made products save oil-producing companies large sums of money on their electrical bills. By automating the process with SPOC products, they can not only drop electrical costs but also increase production by many barrels of oil per day.
“Many people ask me if I have trouble sleeping at night due to the unforeseen future of the oil and gas industry,” said Mason. “Truly nothing keeps me up at night because I know who is ultimately in control, God. He has me leading SPOC, with an incredible, hard-working team right here in Trussville, and I consult with Him regularly. Therefore I have no reason to worry.”
Under Mason’s steady leadership, the accolades for SPOC have rolled in. The company was named to Inc.’s annual list of the fastest-growing companies in North America in both 2014 and 2015. SPOC has also been a two-time finalist for Alabama’s Manufacturer of the Year Awards, which are presented by the Alabama Technology Network and the Business Council of Alabama (BCA).
“SPOC Automation is a leading manufacturer both in Alabama and in North America,” said BCA President and CEO William Canary. “SPOC Automation has a proven record of superior performance and operational excellence, and we are proud they are members of the Business Council of Alabama.”
A former executive of Lufkin Industries, a manufacturing company based in Texas that joined GE Oil & Gas in 2013, recently called SPOC Automation the “best kept secret in the oil and gas industry.”
If the company continues to grow, they won’t be much of a secret anymore.
“The oil and gas industry is sure to change in the future,” said SPOC Automation Vice President Ted Wilke. “When it does, SPOC will be adapting to ensure that our applications fit our customer’s needs, not only domestically- but also internationally.”
With the downturn of the oil industry one really can't blame management for poor performance. It's not their fault, in fact, they deserve a raise or perhaps more shares of basically a worthless stock. Maybe opec will change their minds and constrict the supply.
I still think they have value. From where, who knows? Once they were the fastest growing small firm in their sector, then got burned with general market downturn and second hit of the oil glut. Glad to see they are now looking at "general" sector development. Would like to see some Govt work. As with you, they hold shares and seem not to care about share price. Strange.
You too. How a bunch of well educated folks can screw up so badly is the mystery? There is no evidence that they even care as they hold stock shares. Guess it is true that people rise to their level of incompetence! Lol, have a good holiday season.