The Microcap Speculator

seeking prosperity one tiny stock at a time

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May 5, 20080

Microcap News and Views - May 5th (LTFD.OB, BNX, GACF.OB, PTSC.OB, TCCO.OB)

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Worth reading:

Littlefield Corp. swings to a loss in Q1 - Quarterly earnings for Littlefield (LTFD.OB) came in a bit light. However, if it can pull off the sale of the catering business, this may still be a stock to watch.
Banks.com, Inc. Adds Record Number of Registered Subscribers and Users During 2008 Tax Season: Financial News - Yahoo! Finance - Think of Banks.com (BNX) as a poor-man’s Marchex (MCHX) but with a little effort it could use Bankrate’s strategies to squeeze more cash flow from its domains
Global Aircraft Solutions Announces Sale of One 737-200 Aircraft to Pamir Airways - GACF takes another step to improve its balance sheet, but the turnaround is far from complete.
Onkyo Becomes Latest Microprocessor Patent Licensee - Another big CE name signs licenses the Moore Patent Portfolio, but these deals will never generate enough cash flow to please PTSC investors long term.
Technical Communications Corporation Reports Results for the Second Fiscal Quarter Ended March 29, 2008 - TCCO rallied into the earnings report but sold off on the news. Though profits dipped a bit year over year, revenue growth was strong and backlog is impressive. Between existing backlog and the new Egypt contract, I highly doubt the dip is deep or prolonged.

DISCLOSURE: No positions.

Apr 25, 20080

Worth reading:

FlagshipPDG Announces Fourth Quarter and Annual Results - after 2 years of disappointment and losing 75% of its value, PDGE reported positive EBITDA and narrowed GAAP losses. Is a rebound coming?
California Supreme Court Refuses to Review Appellate Court Decision in Miller Case - the ruling denies $10.5M in potential claims, so its a big deal for Collector’s Universe (CLCT)
Bullish on Chinese Microcaps - Seeking Alpha - time for a field bet? I’m not so sure, though I like several of his picks
Industrial Distribution receives better buyout offer - nice to see management handle an auction well
Synalloy Corporation Announces First Quarter Results - not a blockbuster quarter, but better than many expected
China Solar & Clean Energy Solutions, Inc. Announces Record Fourth Quarter and 2007 Year End Results - very strong quarter from the company formerly known as Deli Solar.
The Final Frontier - I agree with DealBreaker that these put trades look awfully suspicious.

DISCLOSURE: Long SYNL and a few Chinese microcaps. No position in other stocks mentioned.

Apr 10, 20080

Worth reading:

Patriot Scientific Reports Q3 FY’08 Results - market really hated this one, sending shares down over 20%. I was a very early fan of PTSC but have been skeptical since it peaked. With the big settlements behind it, how can PTSC justify its valuation?
Candente: Copper Worth Looking At - Otto Rock via Seeking Alpha, on why Cadente is a likely takeout at a much higher price
China 3C Group Enters into Supply Agreement with Wal-Mart Stores in Zhejiang Province - CHCG needed a little good news after the latest dour outlook.
YTB International Reports Total Revenue of $141 Million and $3.2 Million Net Income for 2007 - YTBLA is en fuego, rising from below 1 to around 4 in just a few weeks (chart). The funny thing is I never even heard of this company.
The Short Case for Origin Agritech - Interesting read but imo this stock was rides up and down on the fancy of momo traders.
BAB, Inc. Reports Profit for 1st Quarter FY 2008 - Earnings hold steady at my favorite publicly-traded bagel company. As long as they do, I’ll keep collecting that huge dividend.

DISCLOSURE: Long CHCG.OB, BABB.OB. No position in other stocks mentioned.

Apr 2, 20080

Worth reading:

ICTV Reports Its Financial Results for the Year Ending December 31st 2007 - This television marketer of so-called beauty products has been an impressive performer.
Air Industries (AIRI.OB) delays 10-K - The company says that no changes are anticipated from previously reported results, and that they will file within 15 days (in a separate press release AIRI says it will file April 6).
BIDZ.com’s Inventory Disclosures: More Questions - Former fraudster Sam E. Antar (of Crazy Eddie fame) takes aim at BIDZ accounting.
Eternal Technologies (ETLT) Announces Year-End Results - Per share earnings increased $.03 per share to $.14 per share from $.11 last year. The 10-K provides more detail. Apparently the “roll mutton” business, whatever that means, is going gangbusters.

DISCLOSURE: Long AIRI.OB. No position in other stocks mentioned.

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