iParty (IPT) closed at $0.21 yesterday (02012.05.03). Today is down a penny at $0.20. Interesting news story involving an iParty store. iParty defends offensive favors.
Some IPT insider buying has taken place at $0.19. The dollar amounts invested were small, but they were insider buys nonetheless.
Hanger (HGR) reported 1Q'12 results after the market closed yesterday (02012.05.02). I liked reading this: "The Company's cash flow from operations increased $13.6 million to $1.3 million during the quarter ended March 31, 2012, compared to a use of $12.3 million for the first quarter of 2011." More the press release: "We are very pleased with the strength of this performance and remain confident in achieving our full year guidance. Never the less, we expect the regulatory and reimbursement environment to remain challenging though the remainder of 2012." From my seat in coach I can see that "never the less" being "challenging." HGR closed yesterday (02012.05.02) at $23.29. 52-week range: $14.57 - $27.90.
Level 3 Communications (LVLT) reported 1Q'12 results prior to the market opening today (02012.05.03). From the Level 3 press release: "In the aggregate for the remaining three quarters of 2012, we expect Free Cash Flow to be positive. We continue to have confidence in our outlook for this year, and expect to grow the business for the remainder of 2012." LVLT closed yesterday (02012.05.02) at $24.26. 52-week range: $16.51 - $40.05.
One year ago today I tweeted the following.
Amazon.com (AMZN) closed on its first day of trading on 01997.05.16 at an adjusted price of $1.73 ($20.75 prior to 2:1 split on 01998.06.02; 3:1 split on 01999.01.05; 2:1 split on 01999.09.02). 5099 days later (i.e. 13 years, 11 months, 16 days) AMZN hit $200 and I captured the moment using Google Finance.
Right now (9:00am MST on 02012.05.02) AMZN is at $230.06. AMZN is up ~13,198.3% in the span of ~15 years.
LookSmart (LOOK) reported 1Q'12 results after the market closed yesterday (02012.05.01). The company ended the quarter with cash per share of ~$1.30. LOOK closed yesterday at $0.95. 52-week range: $0.91 - $1.96.
iParty (IPT) reported decent 1Q'12 results last week on 02012.04.25. Now IPT shares seems are near $0.20, which appears to be a resistance price. If IPT can move above two dimes, then a move to three dimes could happen quickly. $0.29 is the 52-week high. When it comes to historical pricing, Finance.Yahoo.com for IPT goes back to 30 December 01999 when it opened at $3.72. I think the last time IPT closed above a buck was when it closed at $1.01 on 26 April 02004 (i.e. 8 years ago).
In preparing this posting I came across something that I posted a year ago. From Geeknet's 1Q'11 conference call. In a nutshell... (a) Kenneth Langone made a point to remind us that he (and two others) control 35+% of the stock, so they have a vested interest in the company. (b) He considers the company's "runway" of opportunities to be "limitless" but the company needs to execute. (c) He considers his management team to be one of the strongest he has ever had (he co-founded Home Depot).
Geeknet reports 1Q'12 results on May 3rd.
Back on Pi Day 02012, The Benchmark Company initiated coverage on GKNT with a 'Buy' rating. GKNT closed at $15.10 on 02012.03.13 (the day before Pi Day 02012).
On 02012.05.01, at it's current price of $13.76, GKNT has a PSR (Price Sales Ratio) of 0.78.
Frank Laukien, Bruker’s President and CEO, commented: “We are pleased with our first quarter 2012 results, as we delivered 13.7% organic revenue growth, along with double-digit growth in operating income and net income year-over-year. Our backlog continued to grow even further due to excellent first quarter 2012 orders. The tone in many of our end markets has improved since the fourth quarter of 2011, and our focus on new products and innovative solutions for major secular trends in the life and materials sciences and related industries is resulting in excellent, profitable organic growth.”
I also liked this... "For the first quarter of 2012, Bruker’s cash flow provided by operations was $4.8 million, compared to cash used in operations of ($29.4) million in the first quarter of 2011."
BRKR closed yesterday (02012.04.30) at $15.03.
"We are excited to be working with the Nanosphere team to bring these innovative molecular diagnostic products to our customers for the first time. Together with our existing range of Thermo Scientific microbiology products, they provide a comprehensive solution to diagnosis of serious infectious disease." -- Thermo Fisher
Thermo Fisher Scientific does roughly $12 billion per year in revenue and has an approximate $20 billion market value. Nanosphere's market value is currently $73 million.
Nanosphere (NSPH) releases 1Q'12 results tomorrow (02012.05.01).
[update::02012.05.01] NSPH closed yesterday at $1.78, up 6.6% for the day. Trading volume was light.
[update::02012.05.01] Nanosphere released 1Q'12 results prior to the market opening today. 1Q'12 revenues were double those for 1Q'11 and these days Nanophere needs to generate some revenue. The company ended the quarter with ~$0.73 per share in cash. The number of shares outstanding at the end of 1Q'12 was ~58% higher than at the end of 1Q'11. Again, NSPH closed yesterday at $1.78.
"Our business has achieved an inflection point with new customer placements that will drive significant revenue growth in 2012," commented William Moffitt, Nanosphere's president and chief executive officer.
