Lions and Tigers and Bears, oh my.
DuPont and Quest and Mayo ... OH MY!
I think that we will start to see operations begin to follow the news over the next 90 days. Be on the lookout for a build up of inventory and subsequent revenues.
As more people begint to learn about this company, in my opinion, the stock will begin to react. I think at this point it is simply a matter of time.
Six months ago, the train was moved from the storage shed to the trainyard. Two months ago, it pulled into the station. Now it is getting filled with fuel and preparing to leave the station. The train's name is: The CryoPort Express.
Out.
Wednesday, October 29, 2008
Monday, October 20, 2008
CryoPort (OTCBB:CYRX) - Coverage Initiation
Meehan Capital Management Group, Inc. published today for public review its October 7, 2008 Equity Report initiated with a Speculative Buy Rating and a 12-18 month price target of $7.50.
To review the report, which will be available for free review until October 31, 2008, click the following link: CryoPort, Inc. (OTCBB: CYRX) - 10-07-2008 Coverage Initiation
NOTE: Effective November 1, 2008, Meehan Capital Management Group will begin offering both Proprietary Research and Sponsored Research Coverage. Proprietary Coverage will be available to clients of the MCMG Private Client Group and available for purchase to interested parties. Our Sponsored Research will be paid for by the Company or a third party and will be available to interested parties at no charge.
Disclaimer: I received NO compensation for the writing of the research on CryoPort. From April 2005 thru August 2007, I served as a consultant to CryoPort and received minimum compensation in that position (mostly reimbursement of expenses). I have not been affiliated with the firm since August 2007. I do own stock and warrants in CYRX. See disclosure in the research report for additional disclosure material.
To review the report, which will be available for free review until October 31, 2008, click the following link: CryoPort, Inc. (OTCBB: CYRX) - 10-07-2008 Coverage Initiation
NOTE: Effective November 1, 2008, Meehan Capital Management Group will begin offering both Proprietary Research and Sponsored Research Coverage. Proprietary Coverage will be available to clients of the MCMG Private Client Group and available for purchase to interested parties. Our Sponsored Research will be paid for by the Company or a third party and will be available to interested parties at no charge.
Disclaimer: I received NO compensation for the writing of the research on CryoPort. From April 2005 thru August 2007, I served as a consultant to CryoPort and received minimum compensation in that position (mostly reimbursement of expenses). I have not been affiliated with the firm since August 2007. I do own stock and warrants in CYRX. See disclosure in the research report for additional disclosure material.
Wednesday, October 8, 2008
Update: Gateway International Holdings
After a much anticipated 2 year waiting period, I am pleased to report that on Wednesday, October 1, 2008, Gateway International Holdings, became a fully reporting Company once again by filing its Form 10k annual report with the Securities and Exchange Commission.
I wish to extend a word of congratulations to Tim Consalvi, CEO and Chairman of Gateway Int'l. Tim inherited a difficult sitution and has worked diligently to get the Company back in compliance with the SEC. I would also like to thank Steve Kasprisin, who in April returned to assist the Company as a contract CFO. Steve assisted the Company through the filing requirements and I am quite sure that Tim and the Board leaned heavily on Steve for his expertise in these regards.
Now the question is "When will the Company's stock begin trading again?" I have not received comment from the Company on this regard, but based on standard procedures, I would guess that right now the Company is in process of getting a broker/dealer to file a 15c2-11 with FINRA. Once this filing is cleared, the stock could begin trading.
I look forward to seeing this stock trade again. Prior to the SEC's deregistration of the Company's securities, the stock traded as high as $2.35 per share. Based on the information included in the 10k, this price might be a little high given the current economy, but I would not be surprised at all to see the stock settle around $1.50 per share when it begins trading. Last year the Company achieved almost $19.5 million in revenues. There were a lot of non-standard costs that were charged against earnings last year, including legal and filing fees. Historically, the Company has average around 12% pre-tax profit. Not assuming any growth, but simply maintaining during the upcoming 12 months, if the Company achieves 12% margins on equivalent sales, we would expect around $2.35M in profits. On a per share basis, based on reported TSO of 28,378,645, this would equate to approximately $0.083 of earnings per share. The stock has historically experienced internal growth over 25% per year based on ongoing operations. Rather than use aggressive estimates, assume a high end rate of 25% and a low end growth rate of 15%. Utilizing a PEG ratio of 1 (typical value investor model), that would indicate a stock with a fair value in the range of $1.25 to $2.07 per share (hence my middle of the road target of $1.50 per share).
I have liked this little "nuts and bolts" company for a long time. Clients in the MCMG Private Client Group own a fair amount of stock in this company and I remain increasingly optimistic that this investment will provide a very nice, time weighted return.
Disclosure: Through First Capital Investors, I provided consulting services to Gateway Int'l from 2003 thru 2007. I was one of the largest open market purchasers of the stock from 2003 thru 2005 and have purchased shares in private transactions since the deregistration. I continue to hold all of my shares. I have not worked with the Company at any time during 2008.
I wish to extend a word of congratulations to Tim Consalvi, CEO and Chairman of Gateway Int'l. Tim inherited a difficult sitution and has worked diligently to get the Company back in compliance with the SEC. I would also like to thank Steve Kasprisin, who in April returned to assist the Company as a contract CFO. Steve assisted the Company through the filing requirements and I am quite sure that Tim and the Board leaned heavily on Steve for his expertise in these regards.
Now the question is "When will the Company's stock begin trading again?" I have not received comment from the Company on this regard, but based on standard procedures, I would guess that right now the Company is in process of getting a broker/dealer to file a 15c2-11 with FINRA. Once this filing is cleared, the stock could begin trading.
I look forward to seeing this stock trade again. Prior to the SEC's deregistration of the Company's securities, the stock traded as high as $2.35 per share. Based on the information included in the 10k, this price might be a little high given the current economy, but I would not be surprised at all to see the stock settle around $1.50 per share when it begins trading. Last year the Company achieved almost $19.5 million in revenues. There were a lot of non-standard costs that were charged against earnings last year, including legal and filing fees. Historically, the Company has average around 12% pre-tax profit. Not assuming any growth, but simply maintaining during the upcoming 12 months, if the Company achieves 12% margins on equivalent sales, we would expect around $2.35M in profits. On a per share basis, based on reported TSO of 28,378,645, this would equate to approximately $0.083 of earnings per share. The stock has historically experienced internal growth over 25% per year based on ongoing operations. Rather than use aggressive estimates, assume a high end rate of 25% and a low end growth rate of 15%. Utilizing a PEG ratio of 1 (typical value investor model), that would indicate a stock with a fair value in the range of $1.25 to $2.07 per share (hence my middle of the road target of $1.50 per share).
I have liked this little "nuts and bolts" company for a long time. Clients in the MCMG Private Client Group own a fair amount of stock in this company and I remain increasingly optimistic that this investment will provide a very nice, time weighted return.
Disclosure: Through First Capital Investors, I provided consulting services to Gateway Int'l from 2003 thru 2007. I was one of the largest open market purchasers of the stock from 2003 thru 2005 and have purchased shares in private transactions since the deregistration. I continue to hold all of my shares. I have not worked with the Company at any time during 2008.
Subscribe to:
Comments (Atom)