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Overhill Farms Announces Increased Earnings and Revenues for Third Quarter - Good, but not good enough. The market expected more from Overhill Farms (Amex:OFI), sending shares down $1.90 on Thursday.
Transbotics Sign Letter of Intent for Sale of [...]
Investors in microcap nursing home provider Advocat, Inc. (AVCA) should be pleased with first quarter earnings. Revenues increased 30.9% year-over year, net income from continuing operations was up 124.7% (to $.50 per share, fully diluted), and funds from operations rose 45.7%. Part of the increase was due to Advocat’s purchase of seven [...]
A few items:
BAB Holdings (BABB.OB) announced another $.02 quarterly dividend. Shares have recently traded in a price range of $.85-$.95. Though the trading is thin, the yield is fat. Just counting the regular dividends — not last quarter’s special dividend — BAB Holdings gives shareholders $.08 per year. At the bottom [...]
A few news items worth mentioning:
Advocat, Inc. [[AVCA]] received a letter from activist shareholder Paul Kessler of Bristol Investment Fund pressuring it, among other things, to let shareholders vote on whether to de-stagger the board of directors and to hire an advisor to weigh strategic alternatives. Similar demands from Kessler, who controls about 5% of [...]