By Ian Gilson, CFA For additional research on small-cap stocks, please visit scr.zacks.com.
December revenue for Command Center (OTC BB:CCNI) was $8.9 million, below our estimate of $9.8. On an annualized basis December did not show the increase per store that occurred in October and November. This suggests to us that the clean-up after hurricane Sandy is essentially over. Revenue per store increased by 13.5% from last year. Fourth quarter revenue was $26.68 million and there were 59 stores at the end of December.
Since we had assumed that Sandy would not have a major impact in January 2013 or later we have not altered our estimates for 2013 and beyond.
A shareholder proposal to sever the roles of chairman and CEO at banking giant JPMorgan Chase appears to have been …