Weekend Edition: Three Big Announcements in Just One Week!
In today's turbulent and uncertain financial marketplace, positive corporate announcements have become less and less frequent as of late. This was simply not the case for our portfolio this week however. Legacy Holding Inc. (OTCPK: LGYH), Nighthawk Systems Inc. (OTCBB: NIHK), and Execute Sports Inc. (OTCBB: EXCS) are all out with news that could legitimately transform their respective businesses.
Legacy Holding Inc. continues to impress. Shares are up over 100% since our 2/8 profile as the stock charges upwards. This week, the company is in the news regarding a purchase order from Tyco International, Ltd for one of their HF: DryZone(tm) wetstations. In lamans terms, the wetstations are fully-automated chambers that handle the cleaning of semiconductor wafers. For the record, wafer cleaning is a $40B-plus industry and Legacy's products are proven to help manufacturers save money, time, and become much more environmentally friendly.
The company is run by Robert Matthews, a chemist possessing nearly 30 years of industry experience with time spent as a process engineer at Texas Instruments (TXN NYSE) and Intel Corp. LGYH has business relationships in place with the likes of Tyco, Micrel Systems, and Silicon Genesis, the largest semiconductor equipment manufacturer and the largest solder bump deposition manufacturer worldwide. How many companies on the Pink Sheet exchange can say that? With plans to uplist soon to the OTCBB and interest growing amongst tier-one semiconductor-related organizations, LGYH is showing a great deal of promise heading into March.
Nighthawk Systems Inc. (OTCBB: NIHK) made a massive announcement yesterday which I expected to have a bit stronger impact on the market. The company went public with expectations that its newly-acquired set-top box business will yield $8M in 2008 revenues. NIHK also noted receiving a follow-up, 1,500 set-top box order from a leading hospitality technology provider. With revenues for the trailing 9 months less than $1M, an $8M influx would have massive positive implications on NIHK's market value. Don't forget as well that the company's remote control business unit is one fire too. Definitely one to watch in 2008.
Execute Sports Inc. (OTCBB: EXCS) is making progress in its quest to become a successful water sports conglomerate. The company's recent acquired Sugar Sand boat business has notched more than $3M in sales since December. Management stated a few months ago that 2008 revenues are on track to reach $10M and if these type of announcements continue to hit the presses, they just might. Similar to NIHK, EXCS's historical business (water sports gear) has never been better and is complemented nicely by a recently acquired subsidiary. As we have mentioned time and time again, Execute products are gaining increasingly improved brand recognition and sales appear to be trending in the right direction.
So there you have it, three emerging growth opportunities that have made major announcement recently to which the market does not appear to have priced into shares yet. In my opinion folks, it is time to sharpen the pencil, read the news and filings, and start thinking about where these deals fit into your small cap portfolio. Have a great weekend, everybody.
Legacy Holding Inc. continues to impress. Shares are up over 100% since our 2/8 profile as the stock charges upwards. This week, the company is in the news regarding a purchase order from Tyco International, Ltd for one of their HF: DryZone(tm) wetstations. In lamans terms, the wetstations are fully-automated chambers that handle the cleaning of semiconductor wafers. For the record, wafer cleaning is a $40B-plus industry and Legacy's products are proven to help manufacturers save money, time, and become much more environmentally friendly.
The company is run by Robert Matthews, a chemist possessing nearly 30 years of industry experience with time spent as a process engineer at Texas Instruments (TXN NYSE) and Intel Corp. LGYH has business relationships in place with the likes of Tyco, Micrel Systems, and Silicon Genesis, the largest semiconductor equipment manufacturer and the largest solder bump deposition manufacturer worldwide. How many companies on the Pink Sheet exchange can say that? With plans to uplist soon to the OTCBB and interest growing amongst tier-one semiconductor-related organizations, LGYH is showing a great deal of promise heading into March.
Nighthawk Systems Inc. (OTCBB: NIHK) made a massive announcement yesterday which I expected to have a bit stronger impact on the market. The company went public with expectations that its newly-acquired set-top box business will yield $8M in 2008 revenues. NIHK also noted receiving a follow-up, 1,500 set-top box order from a leading hospitality technology provider. With revenues for the trailing 9 months less than $1M, an $8M influx would have massive positive implications on NIHK's market value. Don't forget as well that the company's remote control business unit is one fire too. Definitely one to watch in 2008.
Execute Sports Inc. (OTCBB: EXCS) is making progress in its quest to become a successful water sports conglomerate. The company's recent acquired Sugar Sand boat business has notched more than $3M in sales since December. Management stated a few months ago that 2008 revenues are on track to reach $10M and if these type of announcements continue to hit the presses, they just might. Similar to NIHK, EXCS's historical business (water sports gear) has never been better and is complemented nicely by a recently acquired subsidiary. As we have mentioned time and time again, Execute products are gaining increasingly improved brand recognition and sales appear to be trending in the right direction.
So there you have it, three emerging growth opportunities that have made major announcement recently to which the market does not appear to have priced into shares yet. In my opinion folks, it is time to sharpen the pencil, read the news and filings, and start thinking about where these deals fit into your small cap portfolio. Have a great weekend, everybody.
Labels: Execute Sports Inc., Legacy Holdings Inc, Nighthawk Systems Inc.
posted by "Staff" at
11:15 AM
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