Hey everyone, hope your weekend is going well. I've been hard at work as usual, though I'm not complaining. I love it. This is a very exciting time to be an investor. The media may paint a bleak picture of our future, but that's only because fear equals good ratings and sales. We know better though, we know this will all pass(hopefully sooner rather than later) and as long as we do our homework, there is nothing to fear. So here are 3 companies for you to do some homework on.
First up is CFSG/China Fire Safety+Security. As you may have guessed by the name, they design, develop, manufacture and sell fire protection products and services for industrial customers in China. They market these products and services primarily to the iron and steel, power and petrochemical industries. CFSG has very good relative value and timing, but low relative safety. They have a P/E ratio of 11.33 and a forecasted earnings growth rate of 24%. Net income for CFSG was up 141% last year and 17% for the quarter with sales climbing 4% for the quarter. China Fire has climbed(price) 33% over 52 weeks, 28% for the month and 12% over the past 7 days. CCC/Calgon Carbon is next up. CCC provides services, products and solutions for purifying water and air. These include carbon and UV filtering products as well as products utilizing their proprietary filtering technology called ISEP(ionic separator). CCC's customers include companies in the potable water, processed food, environmental water and air industries in the US and around the globe. Calgon has awesome relative numbers across the board and sales were up 20% over last quarter. Their net income was up 296% last year and 22% for the quarter. CCC was up 58% over the past 52 weeks, 30% for the month and 19% last week. I'll let you decide what to do with the final company today. They are connected closely to fuel prices and some speculation may be required when making your decision. The company is ANW/Agean Marine. They operate as a marine fuel logistics company that supplies and markets refined marine fuel and lubricants to ships in port and at sea. They provide fueling services to oil tankers, container ships, dry-bulk carriers, cruise ships and ferries. They service ships in the port of Piraeus, Greece with a fleet of 18 double hull tankers. Relative value and safety for ANW were a okay, but the relative timing was poor(0.82 of 2.00). They have a P/E ratio of 16.53 and a forecasted earnings growth rate of 35%. Net income for ANW was up 14% for the fiscal year and 20% for the quarter. They climbed(price) 90% over the past 52 weeks, 2% over 1 month and 7% over the past 7 days. ANW pays a $.04 dividend per share with a 104% dividend growth rate.
Well, we didn't see the strong finish I was lookin for Thursday and Friday. The market didn't take too bad of a hit though. One name of personal interest to me(I own 2000 shares) that made a big comeback Friday was AWEC/Ameriwest Energy. They bounced back $.12(24%) on Friday after a rough past couple of weeks. As for the DOW, I'm sure we'll hold on next week and may just see that bottom everyone is waiting for.
So what do you think next week hold in store for us? Is it time for the healing to begin? Or, is the wound going to continue to FESTER? Let me know.
I sure wish the $50,000 in my practice Forex account was real this week. The little adventure I went on shorting the AUD would have made me some booku bucks. I was up over 200 pips shorting the AUD/JPY this week and 100 pips on a AUD/USD short. Bottom line was the Aussies gave some back this week. I am up with my real Forex money too. It may not be $50,000, but I'm up around 300 pips on my EUR/USD short(avg buy 1.5902) and there's still a bunch of long-term room left.
Everybody have a nice weekend and get plenty of rest for Monday. I'll be back sometime in the next 36 hours with a pre-week pep talk and some hopefully useful info, cause we're all in this together. Thanks for reading.
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