re: CCAM (CCA Industries)
William, as I thought, CCAM (CCA Industries) is making waves now. They posted RECORD SALES & EARNINGS today. Sales of $13.1m and earnings of $0.16. The stock shot up from its base of $1.20 to a high of $1.70 and closed up 13% at $1.47.
The current quarter lifts the attainable earnings figure for the year. I now think they might be able to post earnings north of $0.30 for the whole year (Q1 and Q2 totalled already $0.21). Sales should total north of $43m for the whole year (first 2 quarters already arrive at $23.6m). At the closing stock price of $1.47 for CCAM this amounts to an expected Price/Sales ratio of 0.23 and an expected PE ratio of less than 4.9. Not too shabby..
best wishes
CROSSY
Here is the PR
SOURCE: CCA Industries, Inc.
CCA Industries, Inc. Reports Record Second Quarter and Six Month Earnings
EAST RUTHERFORD, N.J., July 11 /PRNewswire/ -- CCA Industries, Inc. (OTC Bulletin Board: CCAM - news) announced today record earning for the second quarter ended May 31, 2001. Revenues were up 10% from $12,026,888 to $13,195,603. Net income was up 52% from $750,806 to 1,137,779. Earnings per share were up 60% from $.10 per share to $.16 per share.
``The Company's core brand products: Plus+White Tooth Whitening Toothpaste, Nutra Nail, Bikini Zone, Hair Off and Sudden Change Skin Care products have had healthy sales increases. Despite increasing our advertising budgets, we had record quarter earnings due to better control of our Cost of Goods, which increased our Gross Profit Margin.
``Plus+White had the biggest percentage change in sales in the industry's mass market outlets, increasing 15.2%. Our Sudden Change, Bikini Zone and Hair Off Mitten were recently reported to be among the top ten sellers in their respective product categories.
``We have replaced PPA in our Mega diet brands by introducing our new dietary product, Mega-T with a new ingredient, Green Tea. We believe it will be a viable profitable replacement to recover the lost sales of our former PPA dietary products,'' stated David Edell, President of CCA Industries, Inc.
CCA Industries, Inc. manufacturer of health and beauty aids products, markets approximately 175 products each under its individual brand name. The products include, principally, ``Plus+White'' toothpaste and whiteners, ``Sudden Change'' skin care products, ``Nutra Nail'' nail treatments, ``Mega 14'' natural fiber diet aids, ``Mega-T Green Tea'' appetite suppressant, ``Hair Off'' mittens and depilatories, ``Bikini Zone'' medicated creme and gel for the bikini area, hair care products, and the ``Solar Sense'' line of sun care products, and ``Cherry Vanilla'' fragrance.
Statements contained in the news release that are not historical facts are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which would cause actual results to differ materially form estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.
CCA INDUSTRIES, INC.
SECOND QUARTER AND SIX MONTHS
NEWS RELEASE
May 31, 2001 May 31, 2000
Quarter Ended
Revenues $13,195,603 $12,026,888
Net Income $1,137,779 $750,806
Per Share Earnings
Basic $.17 $.10
Diluted $.16 $.10
Weighted Average
Shares Outstanding
Basic 6,877,058 7,167,242
Diluted 7,276,967 7,504,317
Six Months Ended May 31
Revenues $23,703,528 $20,670,197
Net Income $1,474,625 $544,684
Per Share Earnings
Basic $.21 $.08
Diluted $.20 $.07
Weighted Average
Shares Outstanding
Basic 6,893,183 7,167,242
Diluted 7,209,997 7,523,430
SOURCE: CCA Industries, Inc. |
