For Thursday, November 3rd
DEXO, MELI, PEIX, EAPH, EGOC, SINO
Our Stocks to Watch today include Dex One Corp. (NYSE: DEXO), MercadoLibre Inc. (Nasdaq: MELI), Pacific Ethanol Corp. (NASDAQ: PEIX), Easton Pharmaceuticals Inc. (OTC: EAPH), Energy 1 Corp. (OTC: EGOC) and Sino-Global Shipping America Ltd. (NASDAQ: SINO).
STOCKS TO WATCH
DEX ONE CORPORATION (NYSE: DEXO)
"Up 71.88% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/DEXO.php
Dex One Corporation operates as a marketing solutions company. The company offers various marketing solutions to promote businesses on the Internet, such as assessment of marketing programs and advertisements, message and image creation, recommendations for advertising placement, industry-specific research and information, market-specific research and information, in-depth understanding of how consumers search for businesses and what influences them to buy from one business versus another, Dex published yellow pages, Dex published white pages, search engine optimization strategies, keyword implementation, social strategies, and tracking and reporting. It also provides printed yellow pages directories, including core directories, community directories, and plus companion directories to meet the advertising needs of local and national businesses and the informational needs of local consumers. In addition, the company offers online products and services comprising Dexknows.com, which allows the user to search based on a category, business name, or set of keyword terms within a geographic region, as well as provides users to refine their searches, such as specific product and brand names, hours of operation, payment options, and locations; and DexNet for the placement of clients business listings in prime locations on DexKnows.com. Further, it provides other marketing solutions, such as local business and market analysis, target market identification, advertising and digital profile creation, and distribution strategies. The company was formerly known as R.H. Donnelley Corporation and changed its name to Dex One Corporation in January 2010. Dex One Corporation was founded in 1841 and is headquartered in Cary, North Carolina.
DEXO News:
November 3 - Dex One Achieves Quarterly Ad Sales Guidance and Reports Third Quarter Results
Grows Digital and Bundled Sales; Generates Solid EBITDA and Free Cash Flow
Dex One Corporation (NYSE: DEXO) announced third quarter 2011 results highlighted by strong growth in digital and bundled sales. The company affirmed its full year 2011 guidance.
“We continue to deliver on our strategic plan and position Dex One to be the one partner local business needs to successfully navigate the complicated and rapidly changing marketing landscape,” said Dex One CEO Alfred T. Mockett.
“We are working diligently to transform our business to have the best people selling a broad portfolio of marketing services through simple and effective packages. Evidence of early success includes driving double digit sales growth in both digital and bundled packages,” he concluded.
Net income, cash flow from operations and total debt (including fair value discount) in the third quarter were $22 million, $82 million and $2,552 million, respectively.
Mockett continued, “We marginally exceeded third quarter ad sales guidance despite both the secular pressure on our print products and difficult local business conditions. We are making steady progress towards our goal of returning to growth, albeit more slowly than we originally expected.”
Newly appointed CFO Gregory W. Freiberg added, “Third quarter financial performance was in line with expectations, which gives us confidence to affirm our full year guidance. We remain on track to achieve our 2011 cost reduction target. We also continue to reduce net debt and look for other ways to increase balance sheet flexibility, including obtaining credit agreement amendments to allow us to repurchase debt below par.”
MERCADOLIBRE INCORPORATED (NASDAQ: MELI)
"Up 32.39% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MELI.php
MercadoLibre, Inc., together with its subsidiaries, hosts online commerce and payments platforms in Latin America. Its services are designed to provide its users with mechanisms to buy, sell, pay for, and collect on e-commerce transactions. The company principally offers MercadoLibre marketplace, an automated online commerce service, which permits businesses and individuals to list items and conduct their sales and purchases online in a fixed-price or auction-based format. Its MercadoLibre marketplace enables registered users to list and purchase motor vehicles, vessels, aircraft, real estate, and other services through online classified listings; and Internet users to browse through various products and services that are listed on its Website and to register with MercadoLibre to list, bid for, and purchase items and services. The company also provides MercadoPago, an integrated online payments solution to facilitate transactions on and off the MercadoLibre marketplace by providing a mechanism that allows its users to send and receive payments online.
HGG News:
November 1 - MercadoLibre, Inc. Reports Financial Results for Third Quarter 2011
* Q3'11 gross merchandise volume grew by 51.8% year-over-year to $1.3 billion
* Items sold during Q3'11 increased by 38.1% year-over-year to 14.4 million
* Revenues increased by 45.9% to 81.6 million
MercadoLibre, Inc. (Nasdaq: MELI), Latin America's leading e-commerce technology company, today reported financial results for the third quarter ended September 30, 2011.
Marcos Galperin, President and Chief Executive Officer of MercadoLibre, Inc., commented, "MercadoLibre had an excellent third quarter, highlighting the importance of solid execution in driving our own results. Recent innovations on our platform combined with secular trends that continue to favor e-commerce in our region, generating strong growth throughout our marketplace, and our entire ecosystem."
Financial Results Summary
MercadoLibre reported consolidated net revenues for the three months ended September 30, 2011 of $81.6 million, representing 45.9% year-over-year growth.
For the three months ended September 30, 2011, gross merchandise volume grew 51.8% year-over-year to $1,348.3 million, while total payment volume grew 94.1% year-over-year to $368.5 million. Items sold on MercadoLibre during the third quarter 2011 grew 38.1% to 14.4 million, while total payments transactions through MercadoPago grew 103.0% to 3.9 million.
Gross profit for the third quarter of 2011 was $61.6 million, a 38.4% increase over the previous year quarter. Gross profit margin for the period was 75.4%, down from 79.5% during the third quarter of 2010, as the lower margin payments volume continued to grow at a faster pace than the merchandise volume.
Income from operations grew 55.2% to $30.0 million in the third quarter of 2011 compared to $19.3 million in the third quarter of 2010. Operating income margin for the third quarter of 2011 was 36.7%.
Net Income before taxes was $35.1 million, an increase of 77.7% over the third quarter of 2010. The blended tax rate for the quarter was of 25.1%, aided by the reversal of a valuation allowance, as compared to 4.9% during the same quarter one year earlier, which was benefitted by an even higher one-time tax benefit.
Net income for the three months ended September 30, 2011, was $26.3 million, representing 39.9% growth over the prior year quarter. Net income margin was 32.2% for the third quarter of 2011, compared to 33.6% for the same period last year. Earnings per share for the third quarter of 2011 were $0.60 compared to $0.43 for the prior year quarter.
Free cash flow, defined as cash from operating activities less purchases of property, equipment, intangible asset and business acquired, was $19.2 million for the three months ended September 30, 2011.
PACIFIC ETHANOL INCORPORATED (NASDAQ: PEIX)
"Up 26.90% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PEIX.php
Pacific Ethanol is the largest West Coast-based marketer and producer of ethanol. Pacific Ethanol has ethanol plants in Madera, California; Boardman, Oregon; and Burley, Idaho and has an additional plant under construction in Stockton, California. Pacific Ethanol also owns a 42% interest in Front Range Energy, LLC which owns an ethanol plant in Windsor, Colorado. Central to Pacific Ethanol's growth strategy is its destination business model, whereby each respective ethanol plant achieves lower process and transportation costs by servicing local markets for both fuel and feed. Pacific Ethanol's goal is to achieve 220 million gallons per year of ethanol production capacity in 2008 and to increase total production capacity to 420 million gallons per year in 2010. In addition, Pacific Ethanol is working to identify and develop other renewable fuel technologies, such as cellulose-based ethanol production and bio-diesel.
PEIX News:
November 3 - Pacific Ethanol and BioFuel Energy Set for Bright Futures
Ethanol stocks have gone on a significant run in recent weeks. Contrary to popular wisdom, ethanol prices are more closely tied to the price of gasoline than to corn prices. With gas prices remaining high, and corn prices dropping in recent weeks, ethanol producers are showing strong margins. The Paragon Report examines the outlook for companies in the Ethanol Industry and provides investment research on Pacific Ethanol Corporation (NASDAQ: PEIX) & BioFuel Energy Corporation (NASDAQ: BIOF). Access to the full company reports can be found at:
www.paragonreport.com/PEIX
www.paragonreport.com/BIOF
Reuters recently reported that strong margins have added incentives for greater production, and margins are seen remaining healthy until the end of this year at least, though they are expected to narrow after the fourth quarter.
The mandated level of ethanol in gasoline moves from 12.6 billion gallons in 2011 to 13.2 billion gallons in 2012, growing up to 15 billion gallons in 2015. Ethanol can be used in much higher proportions, with up to 85 percent ethanol in special factory-produced vehicles. A growing number of these vehicles are being produced by auto manufacturers to test market demand for such a vehicle.
The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Ethanol industry register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters.
The ethanol market is not without detractors. This is becoming clearer as Republican 2012 Presidential candidates outline their platforms. Four out of the five candidates who attended a manufacturing forum Tuesday in Pella Iowa say it is time to phase out subsidies for the fuel, saying the federal government should not be in the business of supporting one energy source over another. Michele Bachmann, Rick Santorum and Ron Paul also said they oppose ethanol subsidies. Only Newt Gingrich backed federal support for ethanol, noting that he voted for the subsidies in Congress in 1984.
The favorable US governmental policies that promote corn being used by US-based ethanol plants have sent corn demand surging, leading many analysts to argue that ethanol is partially responsible for the higher corn prices.
EASTON PHARMACEUTICALS INCORPORATED (OTC: EAPH)
"Up 38.89% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EAPH.php
Easton Pharmaceuticals is a specialty pharmaceutical company that designs, develops, and markets a premium array of topically-delivered therapeutic healthcare products. The company's VDX proprietary gel formulation is an innovative and unique transdermal delivery system. Easton Pharmaceuticals' flagship product, Viorra, is an over-the-counter aid for the treatment of FSAD. Viorra is a topical, daily-use product containing Generally Regarded as Safe (GRAS) ingredients.
EAPH News:
October 13 - Easton Pharmaceuticals Moves Towards Its Viorra Revenue Projections and Initiatives in Mexico With the Appointment of Dr. Daniel Bagi, MD
Easton Pharmaceuticals Inc. (OTC: EAPH), a specialty pharmaceutical company that designs, develops, and markets a premium array of topically-delivered therapeutic healthcare products announced the appointment of Daniel Bagi, MD as consultant to spearhead Viorra regulatory, patent and product launch initiatives in Mexico.
Dr. Bagi is the lead contact with BMV Medica S.A. de C.V. (BMV) a regulatory & licensing consultantancy company in Mexico, which has been engaged to begin the process of submitting applications to obtain regulatory approvals for its first product, VIORRA, in that country. Dr. Bagi has developed substantial relationships in Mexico for other products over the last 20+ yrs. In addition, Dr. Bagi understands the local regulatory process and will be working closely with BMV to have Viorra approved for sale. With his astute understanding of the market in Mexico, Dr. Bagi will assist Easton Pharmaceuticals on all aspects of marketing Viorra and other Easton products. Along with his Mexican contacts, Dr. Bagi has nurtured contacts in markets within East Asia, which the company anticipates on eventually utilizing. Aside from his appointment as consultant to Easton Pharmaceuticals, the company has entered into discussions with Dr. Bagi for a director and officer position within the company.
Dr. Bagi and BMV estimate the regulatory process to require six to seven months after filing until a marketing approval is obtained. In parallel with the regulatory filing, Easton Pharmaceuticals, through the efforts and relationships of Dr. Bagi, has begun talks with several large companies with a presence in sales and marketing in the women's health, sexual arousal disorder and the sexual wellness markets. Easton believes, barring any long financing delays, that these regulatory and commercial alliance initiatives running in parallel will enable a timely, successful launch of Viorra in Mexico in 2012.
"We are very pleased with the appointment of Dr. Daniel Bagi as a chief consultant who with his many contacts in Mexico, knowledge and belief in our Viorra product, and well established credentials will prove to be a huge asset to the company," stated John Easton, Easton Pharmaceuticals' CEO and Chairman of the Board.
Viorra is an over-the-counter aid for the treatment to restore and improve vaginal elasticity and moisture which has shown to give a positive effect on women's sexual desire and arousal, helping to alleviate FSAD (Female Sexual Arousal Disorder). Viorra is a topical, daily-use product formulated with ingredients classified by the FDA as Generally Recognized as Safe.
ENERGY 1 CORPORATION (OTC: EGOC)
"Up 17.65% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/EGOC.php
Energy 1 Corporation is a U.S.-based Energy Research and Development Corporation, which is developing energy and emission solutions for the post carbon economy for the transportation industry.
EGOC News:
October 25 - Energy 1 Corporation to Acquire Master Lease Owner Operator Services
Energy 1 Corporation (OTC: EGOC) is pleased to announce that it has reached an agreement to acquire the majority of the assets of Master Lease Owner Operator Services (MLOOS) while integrating all current and future business under the E1 brand and management on a going forward basis.
"This is a significant deal and a major step forward for Energy 1 and its continued relationship with Master Lease and their affiliated companies," said Raymond T. Brown, Chairman of E1. "This acquisition adds $4MM to $4.5MM in and annual cash flow to the Company immediately while only representing a small portion of ML's current customer base. We believe it's a business model that can grow substantially and we'll seek to expand this platform for all future E1 customers as we add to the overall fleet portfolio."
As part of the ongoing agreement with Master Lease, the Company will also begin to integrate its technologies as well as other licensed products onto MLOOS customer vehicles. It is the overall intent of E1 to grow a portfolio of over-the-road vehicles that have been retrofit to meet both current and future emission standards while offering the consumer an economic solution versus total vehicle replacement in order to meet EPA & CARB requirements.
ABOUT MASTER LEASE
Headquartered in Henderson, Colorado, Master Lease provides lease financing for over-the-road trucks & trailers. The company's customer base consists primarily of owner-operators and small trucking companies who haul for regional distributors such as First Choice Transport, Greatwide Logistics, HVH, Landstar, Monfort, National Carriers and Power Source.
ABOUT MASTER LEASE OWNER OPERATOR SERVICES
Master Lease Owner Operator Services (MLOOS) provides professional tractor-trailer operators the opportunity to own their own truck and work as independent business people through managed lease agreements.
SINO-GLOBAL SHIPPING AMERICA LIMITED (NASDAQ: SINO)
"Up 11.90% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SINO.php
Registered in the United States in 2001 and operating primarily in mainland China, Sino-Global is a leading, non-state-owned provider of high-quality shipping agency services. With local branches in most of China's main ports and contractual arrangements in all those where it does not have branch offices, Sino-Global is able to offer efficient, high-quality shipping agency services to shipping companies entering Chinese ports. With a subsidiary in Perth, Australia, where it has a contractual relationship with a local shipping agency, Sino-Global provides complete shipping agent services to companies involved in trades between Chinese and Australian ports. Sino-Global also operates a subsidiary in Hong Kong, China, to provide comprehensive shipping agent services to vessels going to and from one of the world's busiest ports.
SINO News:
November 1 - Sino-Global Announces Memorandum of Understanding With Southern Africa's Shipping Agency Leader
King & Sons, a Division of Grindrod Ships Agencies (PTY) is One of the Oldest and Most Prestigious Ships Agencies in Southern Africa
Sino-Global Shipping America, Ltd. (NASDAQ: SINO), a leading non-state-owned provider of shipping agency services operating primarily in China, today announced that it has signed a memorandum of understanding (MOU) with King & Sons, a subsidiary of Grindrod Limited, a public company listed on the JSE Securities Exchange South Africa (JSE: GNDP).
Under the terms of the MOU, Sino-Global will appoint King & Sons as an agent to attend Sino-Global vessels in all applicable South Africa ports and King & Sons will recommend Sino-Global to act as its agent in China for the vessels loading in South Africa and discharging in China.
"As one of the oldest and most prestigious ships agencies, King & Sons is the ideal partner for Sino-Global to expand our business in Southern Africa," said Mr. Cao Lei, Sino-Global's Chief Executive Officer. "This MOU should benefit both companies by generating incremental revenues and profits. We are looking forward to a mutually rewarding long term business relationship with King & Sons and will seek to complete other such agreements at other major shipping ports in the future."
Mr. Stephen Pike, New Business Development of King & Sons, added, "The substantial and increasing volume of business conducted by our clients between Southern Africa- and Cina-based ports requires a strong partner in China. During our discussion with Sino-Global about the terms of this MOU, we were pleased to provide our quality service to the first vessel appointed by Sino-Global. We expect to serve more ships from China and believe that Sino-Global's history of high-quality service and ability to provide shipping agency services to ships in China's ports will add tremendous value to our existing offering of logistics, brokering and chartering services."
ABOUT SINO-GLOBAL SHIPPING AMERICA, LTD.
Registered in the United States in 2001 and operating primarily in mainland China, Sino-Global is a leading, non-state-owned provider of high-quality shipping agency services. With local branches in most of China's main ports and contractual arrangements in all those where it does not have branch offices, Sino-Global is able to offer efficient, high-quality shipping agency services to shipping companies entering Chinese ports. With a subsidiary in Perth, Australia, where it has a contractual relationship with a local shipping agency, Sino-Global provides complete shipping agent services to companies involved in trades between Chinese and Australian ports. Sino-Global also operates a subsidiary in Hong Kong, China, to provide comprehensive shipping agent services to vessels going to and from one of the world's busiest ports.
Sino-Global provides ship owners, operators and charters with comprehensive yet customized shipping agency services including intelligence, planning, real-time analysis and on-the-ground implementation and logistics support. Sino-Global has achieved both ISO9001 and UKAS certifications.
ABOUT KING & SONS
King & Sons is one of Southern Africa's most prestigious and established ships agencies. As a division of Grindrod Ships Agencies (South Africa) (Pty) Limited, King & Sons is the first ship's agency in South Africa to receive ISO 9001:2000 accreditation for Ships agency services in both liner and non-liner functions.
As industry leaders in the Ships Agency arena with integrated state-of-the-art technology and extremely qualified staff, we are proud to offer our clients a full range of support in both technical and commercial port logistics. We are highly experienced in handling vessels ranging from passenger liners, Bulk and Break Bulk vessels, Tug and Tow to specialized gas carriers. Dry Docking, Ship Repairs, Crew Changes, ship Bunkering and ship Cargo operations.
Listed on the JSE Securities Exchange South Africa (JSE: GNDP), Grindrod Limited is engaged in four main businesses, including shipping, freight, bulk product trading and financial. Grindrod's freight service business consists of container shipping and logistics, liner and non-liner ship agencies, marine services and travel management.
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