re: CCAM.OB (CCA Industries)
Hi Sergio & all,
CCAM ($1.71, OTC/BB) CCA Industries, is a maker of consumer non-cyclicals in the beauty, dietary and haircare sector. Revenues aroudn $40m. Today reported FY2001 EPS of 0.27 on 12% increase in revenues. On top of this it should be noted that the company is debt free.
Current share price ($1.70) amounts to a TTM-based PE ratio of 6.30. What is more, Price/Sales is still rock bottom, around 0.27. Way too low for industry standard valuations (PE 20, PSR of 1,5-2,0)
The next "developments" I'll be gladly awaiting at CCAM is their move off the OTC/BB. A level of $3 looks attainable in a short amount of time and if my memory serves me correctly that $3 level is what it takes to get listed at the AMEX without "bending the rules" (happens occasionally).
CCA Industries, Inc. Reports Strong Year-End Results
EAST RUTHERFORD, N.J., Feb. 19 -- CCA Industries, Inc. (OTC Bulletin Board: CCAM - news) announced today that its net income for fiscal 2001 was $2,014,369 as compared to a loss for the prior year of ($654,510). Revenues increased 12% to $41,703,531 from $37,176,454. Earnings per share were $.27 compared to a loss of ($.09) per share for the prior year.
All of the Company's core brand products, Plus+White tooth whitening toothpastes, Nutra Nail, Bikini Zone, Hair Off and Sudden Change skin care products produced sales increases during the past year. Better control of our promotional costs and cost of goods helped increase the Company's profit margins.
In the year 2001, the ``Plus+White'' brand was ranked 4th out of 19 top brands in regard to sales growth within the combination of all drug, food and mass retailers toothpaste sales. 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 brand by introducing new non-drug dietary products that include ''Mega-T`` with Green Tea. The products are continuing to obtain distribution and we believe they will become a viable profitable replacement to recover the loss of sales of our former PPA dietary products,'' stated David Edell, President of CCA Industries, Inc.
K-Mart, one of the Company's customers, filed a Chapter 11 proceeding on January 22, 2002. The Company had a reserve of approximately $300,000 against a receivable of $424,000, as of the date of filing. There is still no indication as to what percentage of payables owed by K-Mart will be paid to its suppliers.
CCA Industries, Inc., a manufacturer of health, beauty aids products, markets approximately 175 products; each under its individual brand name. The products include, principally, ``Plus+White'' toothpastes and whiteners, ``Sudden Change'' skin care products, ``Nutra Nail'' nail treatments, ``Mega,'' non-drug diet aids, ``Hair Off'' mittens and depilatories, ``Bikini Zone'' medicated creme and gel for the bikini area, and ``Solar Sense,'' a line of sun care products, and ``Cherry Vanilla,'' and ``Cloud Dance'' fragrances.
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 from estimated results. Such risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission.
CCA Industries, Inc.
Quarter to November 30
2001 2000
Revenues $8,470,622 $7,261,182
Net Income (Loss) $235,619 (a)($1,258,228)
Share Income (Loss) - Basic $.03 ($.18)
Share Income (Loss) - Diluted $.03 ($.18)
Shares Outstanding - Basic 6,940,062 7,164,217
Shares Outstanding - Diluted 7,507,738 7,164,217
Year Ended November 30
Revenues $41,703,531 $37,176,454
Net Income (Loss) $2,014,369 (a)($654,510)
Share Income (Loss) - Basic $.29 ($.09)
Share Income (Loss) - Diluted $.27 ($.09)
4Shares Outstanding - Basic 6,893,232 7,153,013
Shares Outstanding - Diluted 7,526,157 7,153,013
(a) Includes special one-time charge of $1,500,000 from costs associated
with expected returns of PPA product.
SOURCE: CCA Industries, Inc. |
