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BTHS +2.43% while market / tsunami plays DOWN
BTHS (Nasdaq) closed today above the 10 & 50 day moving average on almost 2x the regular daily volume.
http://stockcharts.com/def/servlet/SC.web?c=bths,uu[h,a]daclyyay[pb10!b50][vc60][iUb14!La12,26,9]&pref=G
The trading float on the stock is only 1.2 million shares (out of 1.4 million total outstanding shares). 10% of the trading float is currently short.
Although some may think that BTHS is only a “tsunami playâ€, today’s action clearly proved otherwise. While other tsunami stocks were all down (like TYAD, STRN, CLWT, etc.), BTHS ended the day up nearly 2.5%.
Financials: The balance sheet is in the strongest position ever as it has strengthened from a debt of $4.3 million in 2001 to as little as current debt of $535,000.This is a very commendable performance for any company. As a matter of fact it seems like company is in the process of restructuring for a takeover on more favorable grounds. Now, the earnings: For the full year of 2004 net sales increased 16% to $19,850,000 from $17,024,000. For the 1Q of 2005 sales increased 31% from $3.8million to $5,000,200 (please note the 1Q is the slowest quarter of their fiscal year). The company has stated they expect growth to continue.
Please do your own research and due diligence, but clearly on the charts it’s going to 17.50 and a break above that will have it run to 19.50 on the short-term timetable.
Benthos, Inc. is engaged in the manufacture of oceanographic products. The Company has two divisions: the Undersea Systems Division and the Package Inspection Systems Division. The Undersea Systems Division designs, develops, manufactures and sells products and services used in oceanographic and underwater environments to the commercial, scientific, military and governmental markets. The Package Inspection Systems Division designs, develops, manufactures and sells systems used to inspect the integrity of containers in the food, pharmaceutical, dairy, chemical, personal care and beverage industries (both alcoholic and non-alcoholic).
http://stockcharts.com/def/servlet/SC.web?c=bths,uu[h,a]daclyyay[pb10!b50][vc60][iUb14!La12,26,9]&pref=G
The trading float on the stock is only 1.2 million shares (out of 1.4 million total outstanding shares). 10% of the trading float is currently short.
Although some may think that BTHS is only a “tsunami playâ€, today’s action clearly proved otherwise. While other tsunami stocks were all down (like TYAD, STRN, CLWT, etc.), BTHS ended the day up nearly 2.5%.
Financials: The balance sheet is in the strongest position ever as it has strengthened from a debt of $4.3 million in 2001 to as little as current debt of $535,000.This is a very commendable performance for any company. As a matter of fact it seems like company is in the process of restructuring for a takeover on more favorable grounds. Now, the earnings: For the full year of 2004 net sales increased 16% to $19,850,000 from $17,024,000. For the 1Q of 2005 sales increased 31% from $3.8million to $5,000,200 (please note the 1Q is the slowest quarter of their fiscal year). The company has stated they expect growth to continue.
Please do your own research and due diligence, but clearly on the charts it’s going to 17.50 and a break above that will have it run to 19.50 on the short-term timetable.
Benthos, Inc. is engaged in the manufacture of oceanographic products. The Company has two divisions: the Undersea Systems Division and the Package Inspection Systems Division. The Undersea Systems Division designs, develops, manufactures and sells products and services used in oceanographic and underwater environments to the commercial, scientific, military and governmental markets. The Package Inspection Systems Division designs, develops, manufactures and sells systems used to inspect the integrity of containers in the food, pharmaceutical, dairy, chemical, personal care and beverage industries (both alcoholic and non-alcoholic).