CFCC is a small company trading on the NASDAQ:OTC:BB at .33 right now. It is up from .22 yesterday. Up 50%. They are a profitable bb with earnings for the trailing 4 quarters of 3.6 cents/share. That gives CFCC a p/e of 10 and their book value is about .12 cents/share so their book is almost 3. Fair value. However, this next quarter the CEO has said they will have record earnings of 2 cents for the quarter. A very high quality bb stock with a chance for a good return in a very short while.
There are currently about 11.9 million shares outstanding and only 3.5 million shares in the float and the majority of the rest are restricted.
The company provides telemarketing services for different types of clients. The company basically is a bb stock that looks for attractive investments and acquires the companies for stock.
There runup today is mainly due to a rumor that there is news due out regarding a acquisition of a very lucrative company. That's about all I know. CFCC is a reporting company and all info on CFCC is available on EDGAR. No hidden problems with CFCC.
Hope this helps. I like it!!
NASDBULL
Corfacts, Inc. Announce Record 1997 Year End Earnings
FREEHOLD, N.J., April 16 /PRNewire/ -- Corfacts, Inc. (OTC Bulletin Board: CFCC - news) announced record
earnings of $422,852, or 3.6 cents per share, for the year ended December 31, 1997 as compared to a proforma loss of
$91,399, or .008 cents per share for the comparable period in 1996.
Revenues rose to $2,174,805 in 1997 compared to proforma revenues of $671,462 for the same twelve month period in
1996.
Included in current year income is an income tax benefit of $183,750, derived from prior year tax loss carryforwards.
Management projects record first quarter 1998 sales and earnings with earnings to exceed 2 cents per share. |
