I've got a new pick for the Swamp. Very timely (near lows), profitable and fully reporting company, company sells products to some of the leading U.S. retailers, including WalMart, has a small float (around 3 million), is selling below book value, and is expected to have very big news tomorrow and more possibly next week.
The company: Trim-A-Lawn (OTC-BB: TLWN). Started today at $0.22 x $0.25, currently 15/64 x 19/64.
11.5 million shares outstanding.
3 million in float.
Thru 6 months of '98, company did over 2 million in revenue, $115,000 in net earnings ($0.011/share). They sold off a non-performing asset in the second quarter of '98 (EKI) which drained 1st qtr income by $95,000 (1st qtr '98 income $10,611, 2nd qtr '98 income $105,064). Current ratio as of June '98 is about 5 to 1. Equity per share as of June '98 is about $0.45 (I'm quoting June '98 numbers because that is the latest and greatest info in Edgar from their registration statement filed in September). Company should be posting year-end '98 numbers very shortly, expected to be at least $3 million in revenue, $300,000 in net income.
Company web site at trim-a-lawn.com
Newsletter writeup at atwork4u.com
Look for it to move quickly. Already today we have seen some big blocks go thru at the ask, raising the price. Very well below 52 week high of $0.75. I'll let you know if I hear anything else regarding possibly content on news releases. Tomorrow's news I'm not sure about, next week or two we may see a another big retailer announced.
Gator |
