This company's announcement earlier this week was leaps and bounds above all the Wall Street expectations, writes MoneyShow's Jim Jubak, also of Jubak's Picks.
The stock market liked what it heard Wednesday, August 7, from Thompson Creek Metals (TC) after the close in New York. Second quarter adjusted net earnings of 8 cents a share crushed the Wall Street consensus of a penny a share. Revenue climbed 3.8% to $117.8 million versus expectations for revenue of just $1.3.8 million. The company also said that its new Mt. Milligan mine is on schedule with a start-up for the concentrator expected this month, with first ore-feed by mid-August. The company said it expects commercial production to begin in the fourth quarter of 2013, with production ramping to full capacity over the next twelve months.
All this is certainly good news for a miner that looked like it might run out of cash before it got the Mt. Milligan mine into production. The shares were up 13.6% yesterday on the news, as of 3:00 pm New York time. Thompson Creek Metals is a member of my long-term Jubak Picks 50 portfolio.
Top Penny Companies To Invest In Right Now: BNC Bancorp(BNCN)
BNC Bancorp operates as the holding company for Bank of North Carolina, which provides a range of commercial banking products and services to individuals, and small to medium size businesses in North Carolina. The company offers various deposit products, including checking and savings accounts, negotiable order of withdrawal accounts, money market demand accounts, noninterest-bearing accounts, and fixed interest rate certificates with varying maturities. Its loan portfolio comprises business loans secured by real estate, personal property, and accounts receivable; unsecured business loans; consumer loans that are secured by consumer products, such as automobiles and boats; unsecured consumer loans; commercial real estate loans; and commercial, installment, and personal loans. The company also offers safe deposit boxes and other associated services. As of December 31, 2009, it operated a main office in Thomasville, 15 other branch offices, and 1 limited services office. The company was founded in 1991 and is headquartered in High Point, North Carolina.
Top Penny Companies To Invest In Right Now: Chiquita Brands International Inc. (CQB)
Chiquita Brands International, Inc., together with its subsidiaries, engages in the distribution and marketing of bananas and fresh produce under the Chiquita and other brand names worldwide. The company operates in three segments: Bananas, Salads and Healthy Snacks, and Other Produce. The Banana segment sources, transports, markets, and distributes bananas to retailers and wholesalers, and chain stores. It also engages in the cultivation and production of bananas. The Salads and Healthy Snacks segment offers value-added salads under the Fresh Express and other labels; and fresh vegetable and fruit ingredients used in foodservice, healthy snacks, and processed fruit ingredient products. This segment also provides fresh-cut products, such as lettuce, tomatoes, spinach, cabbage, and onions to foodservice distributors who resell these products to foodservice operators. It distributes Fresh Express branded products to food retailers, foodservice distributors, and quick-service restaurants; and fresh produce foodservice offerings primarily to third-party distributors for resale principally to quick-service restaurants in the United States. The Other Produce segment engages in sourcing, marketing, and distributing fresh fruits and vegetables other than bananas in Europe and North America. It offers grapes, pineapples, melons, kiwis, tomatoes, and avocados. The company was founded in 1899 and is headquartered in Cincinnati, Ohio.
Advisors' Opinion:- [By Rich Duprey]
After all, like Chiquita Brands (NYSE: CQB ) , Dole's been undergoing a significant corporate restructuring, and last month it�sold its packaged-foods and Asia fresh business for $1.7 billion, making it a more focused international fresh fruit business, but one subject to all the vagaries that entails. In comparison, Chiquita's reorganization has it looking to become a high-volume, low-cost producer of bananas and chopped salads.
Best Gold Companies To Buy Right Now: National American University Holdings Inc.(NAUH)
National American University Holdings, Inc., through its subsidiary, Dlorah, Inc., engages in the ownership and operation of National American University that provides post-secondary education services primarily to working adults and other non-traditional students in the United States. It provides associate?s, bachelor?s, and master?s degrees programs in business-related disciplines, such as accounting, applied management, and business administration, as well as information technology; and healthcare-related disciplines, such as nursing and healthcare management. The company also offers diploma programs consisting of a series of courses focused on a particular area of study, for students who seek to enhance their skills and knowledge in the areas of healthcare coding, practical nursing, therapeutic massage, and veterinary assisting. National American University Holdings offers its courses through educational sites, as well as online. As of May 31, 2010, the company had enr olled approximately 3,565 students in online programs, 3,742 students on-campus, and 1,451 students in hybrid learning centers. In addition, it manages apartment units, as well as develops and sells multi family residential real estate in the Rapid City, South Dakota area. The company was founded in 1941 and is headquartered in Rapid City, South Dakota.
Top Penny Companies To Invest In Right Now: Grupo Radio Centro S.A. de C.V.(RC)
Grupo Radio Centro, S.A.B. de C.V., a radio broadcasting company, through its subsidiaries, engages in the production and broadcasting of music, entertainment, news, and special event programs in Mexico. The company owns and operates 15 radio stations, which comprise 5 AM and 6 FM stations in Mexico City, 2 AM stations in Guadalajara and Monterrey, and 1 FM station in Los Angeles, as well as 1 AM radio station in Mexico City that is operated and managed by a third party. It also operates Organizaci
Top Penny Companies To Invest In Right Now: LSI Industries Inc.(LYTS)
LSI Industries Inc. provides corporate visual image solutions primarily in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting, canopy lighting, landscape lighting, light emitting diodes (LED) lighting, light poles, and photometric layouts products, as well as lighting analysis services. The Graphics segment manufactures and sells exterior and interior visual image elements for use in visual image programs. It offers signage and canopy graphics; pump dispenser graphics; building fascia graphics; decals; interior signage and marketing graphics; aisle markers; wall mural graphics; fleet graphics; prototype program graphics; and solid state LED video screens for the sports and advertising markets, as well as installation services for graphics products. The Technology segment designs, produces, and supports light engines and large fo rmat video screens using LED technology; and specialty LED lighting. Additionally, the company offers menu board systems. It serves commercial, industrial, and multi-site retail markets; petroleum/convenience stores; sports and advertising; and entertainment markets. The company sells its products through regional sales managers, independent sales representatives, and distributors. LSI Industries was founded in 1976 and is headquartered in Cincinnati, Ohio.
Advisors' Opinion:- [By Dan Caplinger]
In Daktronics' report, be sure to look at how the company compares to results that industrial-lighting and display competitor LSI Industries (NASDAQ: LYTS ) announced late last month. Even with a 5% gain in revenue for its March quarter, LSI posted a loss, showing the difficulty in producing high-margin business in the industry. For its part, if Daktronics can keep pushing past its operational challenges, it should be in better position to stay profitable both this quarter and well into the future.
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