Small Cap Stock Pick: CHP Pumping up the Volume And Growth is in Play
Oct 22, 2009 Small Cap Stock Picks, Technical Analysis
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CHP popped up on my screens today as this stock has been beaten down over the past several months ever since it reported q3 results in early September which showed improvements in gross margins and decreased losses which is a fairly positive sign of growth for the company going forward. CEO Jeff Graves said they have reduced losses by nearly half and are expecting profitability by the end of the year.
Quotes from the EC PR on sept 8th 09′
“For the second quarter, the Company’s reported revenues rose 11.9% sequentially to $82.4 million, driven by an eight percent sequential increase in volumes. In the second quarter of fiscal 2009, revenues were $92.5 million, reflecting the impact of higher commodity costs on revenues.
For the second quarter, the Company reported a net loss of $5.6 million or ($0.21) per diluted share compared to a net loss of $9.8 million or ($0.37) per share in the first quarter of the current fiscal year. In the year ago period, the Company reported a net loss of $1.4 million or ($0.06) per diluted share. Cash flow from operations for the quarter was $1.9 million.”
| BUSINESS SUMMARY |
C&D Technologies, Inc., together with its subsidiaries, engages in the manufacture, marketing, and distribution of electrical power storage systems for the standby power market in the United States and internationally.
Fundamental #’s:
current year eps: -.62
Next year Estimates: .24
current year revenue: $335m
Next Year Estimates: $395m
+17.9% Growth
Current Ratio: 1.87
Healthy company
Fous Fair Value: $4.61
Current Share Price: 2.19
+110% upside potential
Technical Analysis:
