Although there was fair amount of hype today, Don’t think it’s too late to take advantage of the recent strength that has resulted from back to back Walmart related deals with earth play Converted Organics (COIN nasdaq).
The most recent being one from Walmarts sister chain Sams Club:
Converted Organics Announces Organic Fertilizer Orders from Sam’s Club, Amigos SupermarketsBusiness Wire(Wed, Jan 13)
Excerpt: …in connection with previously-received orders from Walmart announced last week, the Company has also received orders for its all-natural, organic fertilizers from Sam’s Club of Puerto Rico and the Amigos supermarket chain of Puerto Rico. Both Sam’s Club and Amigos are affiliates of Walmart. All orders were received by Matosantos Commercial Corporation, the Company’s exclusive distributor in the Caribbean.
“Interest in Converted Organics’ organic fertilizer products continues to grow in Puerto Rico and throughout the Caribbean,” said Geronimo Matosantos, Executive Vice President of Sales and Marketing for Matosantos Commercial Corporation. “The outstanding effectiveness and environmentally-friendly profiles of Converted Organics’ products are very attractive to home owners.”
The above followed an earlier deal in the month below:
Converted Organics Receives Organic Fertilizer Order from WalmartBusiness Wire(Tue, Jan 5)
Excerpt: …the Company received an order for its all-natural, organic fertilizers from Walmart of Puerto Rico….. “We welcome Walmart’s order and, in addition to the retail market, Converted Organics looks forward to supplying the golf course and agriculture markets on the island, as well as potentially throughout the Caribbean.”
The result has been a very healthy trend this month:
Including today’s action:
0.26 x 500
1.16 x 8400
1y Target Est:
1.07 – 1.26
0.57 – 3.60
Avg Vol (3m):
Of course todays action was helped some from the news we reported on a newsletter at www.greenbackers.com today.
Converted Organics Retains Crossbow Group for 2010 Marketing EffortsBusiness Wire(Tue 10:00am)
The bigger picture actually shows the turnaround occuring back in Dec.
Other recent news of interest. 16 trade shows pretty heavy exposure. hmmm.
- Converted Organics to Showcase Products, Technology at 16 Industry Trade Shows in Early 2010Business Wire(Tue, Jan 12)
- Converted Organics’ Manufacturing Process, Products Highlighted as Solution to America’s Food Waste ProblemBusiness Wire(Thu, Jan 7)
When digging into the past, A prior earnings excerpt sheds light on other plans:
Converted Organics (COIN) Announces 50% Revenue Increase
08:23:05 am on August 12, 2009
Excerpt: ….revenues for the first half of 2009 are tracking 50% higher than the year ago period. “Converted Organics is very pleased that our revenue continues to increase as a result of our achievements to date this year, specifically sales from our Gonzales, California facility and the progress made on improving operations at our Woodbridge, New Jersey plant,” said Edward J. Gildea, President of Converted Organics. “The positive sales results we achieved in the west reinforce our optimism regarding ongoing opportunities with agricultural markets in the east. We remain committed to continuing to improve operations at our New Jersey plant and securing distribution channels for Converted Organics’ products in east coast markets.”
Although not much in the way of a large revenue stream, statistics from yahoo do reflect growth.
Breaking its 200-day moving average of $1.11 today a bullish sign according to smartrend in a 01/19/10 posting.
Converted Organics Upward Momentum Looks to Continue (COIN)
On the boards, one interesting observation is the constant comparison to SEED. For example:
Bottom Line: Fairly impressed with January trending technicals. Today’s ramping from recent basing near a buck suggests a higher range may develop. Look for a higher low to develop around 1.10, with a thrust into 1.30 into the week.
Converted Organics Inc. operates processing facilities that use food waste as raw material to manufacture all-natural soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, the Company sells and distributes its products in the turf management and retail markets. As of December 31, 2008, the Company operated two facilities: Woodbridge facility and Gonzales facility. The Company derives revenue from two sources: tip fees and product sales. Waste haulers pay the tip fees to the Company for accepting food waste generated by food distributors, such as grocery stores, produce docks, fish markets and food processors, and by hospitality venues, such as hotels, restaurants, convention centers and airports.
President and Chief Executive Officer Edward Gildea
With more than 20 years of success working for public and private, Fortune 250 and startup companies, including Quality Metric Incorporated, Grolier Incorporated and Kellogg Company, Mr. Gildea has been involved at the highest executive level in strategic planning, mergers, acquisitions and divestitures, finance, corporate governance, negotiations, and domestic and international securities activities.
Further areas of global expertise include public disclosure, intellectual property, and new business development. Assignments have been varied and the consistent success of the teams directed by Mr. Gildea has proven the effectiveness of his skill to shareholders, board members, senior managers and other stakeholders. Mr. Gildea holds an AB from College of the Holy Cross and a JD from Suffolk University Law School.
Compensation: $373,690 Officer since 2006
Converted Organics Inc
7A Commercial Wharf West
Boston, MA 02110
United States – Map
Web Site: http://www.convertedorganics.com
SEED was at $5 when it exploded to $15 so go figur…
by lightspeed… [3 minutes ago]
COIN going to be like SEED! WOW
by lightspeed666 [19-Jan-10 11:05 am
Revenue Per Share (ttm):
Qtrly Revenue Growth (yoy):
A fair float figure.