Street Justice: Bottoms up!!

Do you hear that? It's the money train baby! I don't know about you, but I'm ready to send the bears running for the hills. O.k. maybe I'm a little premature in calling a bottom, but I think it's very close. I'm stoked and ready for earnings next week. More on earnings later, now for today's companies.
First up is CIR/Circo Intl. They design, manufacture and distribute valves and related products and services. CIR operates through 2 segments. Instrumentation and fluid control designs manufactures and sells valves, fittings and controls for a wide range of uses. Energy products, the other segment, makes and sells ball valves, needle valves, check valves, butterfly valves, pipeline enclosures and strainers for use in oil, gas and chemical processing and other industrial applications. CIR has 18 facilities throughout the US, Canada, Western Europe and China. Their customers include the oil+gas, aerospace, military and maritime industries. Circo is up 23% over the last week(they raised 2nd quarter guidance) and 47% over the past 52 weeks. Sales for CIR were up 1% over last quarter and their net income was up 27% for the quarter and 29% for fiscal 2008. The relative value, timing and safety are very high and CIR has a 21% forecasted earnings growth rate. Circo has a P/E ratio of 18.81. O.k. next up is ENG/Englobal. Englobal provides engineering and professional services to the energy sector. They operate under 4 segments which are engineering, construction, automation and land. The services they provide range from consulting+management in the execution of projects to land management and automation technology supply and service. ENG's customers are not limited to the energy sector. They also provide services to telecommunication companies and other infrastructure facilities. ENG has some impressive numbers. They were up 200% in EPS over last quarter and have a forecasted earnings growth rate of 21%. Net income has also jumped 458% for fiscal 2008 and 181% over last quarter. Their relative numbers(value, timing and safety) are excellent too and they have a P/E ratio of 21.10. These guys are makin money! Last but certainly not least is EZPW/Ezcorp. EZPW may be better know as EZPAWN or EZMONEY the companies they operate through. EZPAWN offers loans that are non recourse collateralized by personal property(pawn loans). They also sell merchandise(mostly forfeited collateral). EZMONEY offers short term non collateralized loans(payday advances) and other fee based credit services. EZPW operates about 300 EZPAWN stores and 430 EZMONEY locations. They also own 20 pawn shops in Mexico. I like EZPW without even looking at the numbers. Pawn and payday advance stores are one of the few industries benefiting from these uncertain economic times. Lets go over some numbers anyway. EZPW is up (price) 25% over the week and 31% thru the past 52 weeks. Net income was up 29% for fiscal 2008 and 4% over the last quarter. Relative value, timing and safety are all excellent and their avg annual sales growth is 22%. EZPW is trading at 11x earnings.
Like I mentioned earlier, a whole bunch of companies announce 2nd quarter earnings next week. There are too many for me to list but here are some of the notables Genetech/DNA and Overstock.com/OSTK on Monday, CSX corp/CSX, Intel/INTC, Polaris/PII and US bancorp/USB on Tuesday, Delta/DAL, Ebay/EBAY, Wells Fargo/WFC and Yum Foods/YUM on Wednesday, Amer Micro Dev/AMD, Coca Cola/KO, Continental Air/CAL, JPMorgan/JPM and Microsoft/MSFT on Thursday and Citigroup/C, Honeywell/HOW and Mattel/MAT on Friday. The results these companies announce will give us a preview of where the economy is headed from here.
Today the Government told Fannie and Freddie(Fannie Mae and Freddie Mac) that they were eligible for bailout from the fed discount window. Do you think this was a good idea? Do you think all these safety nets are going to hurt the US in the long run? Let me know.
don't tell Forex.com(jk), but I opened a second practice account. I am using it to try out different strategies. In my new account I have gone long the USD/JPY and short the EUR/USD(not much of a change from my other portfolio), but I also shorted the USD/CAD and got long AUD/USD to counter my dollar bets with oil(CAD) and gold(AUD). I'll keep you posted, so far they have protected me nicely when the dollar gets hit. In my real forex account I still only have the short EUR/USD position. I add to it when the dollar gets hit(a lot lately). I am short 10 lots(100,000units) with an avg sell of 1.5904.
Let's all cross our fingers and hope the bottom doesn't fall out of the market next week. It would be great to hold these levels and get some good news next week(earnings). The 3 companies I went over today should bring some good new to your portfolio. I hope so, cause we're all in this together. Thanks for reading.