As promised, here is a new BLOG entry for BPTR. I don’t have a lot to say beyond last night’s edition. I am providing today’s BLOG entry mostly for more current comments and questions.
For those who are frustrated by the stock’s inability to move up despite the outstanding corporate performance, a long term perspective might be valuable.
Here is a weekly chart going back to August of ’03 when the stock rebounded after making a low below $.10. While it feels disappointing and frustrating that the price of the stock is not reflecting the true value of the company, the stock has been making an effort to meet the value.
Looking a bit longer term, it is evident this stock has been in a uptrend for nearly 20 months. As long as the company keeps growing, the stock should remain in an uptrend.
Note that over the past two years the uptrends have really kicked off in Mid August- I expect the same kind of seasonality this year. It could be more exagerated than ever in light of the hideous market conditions in the 1st quarter of the year.
I’d like to know where you see the stock at the end of 2005? Your price projections are welcome.
if the sales and earnings trend continues, i see no reason for the stock not to go past $2.25. fred
Editor: That would be a major victory. Hope you are on the money. I think it would require a new audience finding out about the company and a better market environment for that to happen, but those could be coming. As long as they deliver the numbers, I am hanging in there.
Are you aware of the NAKED SHORT SELLING (share counterfeiting) occurring with BPTR shares? BPTR has been on the REGSHO list for 24 consecutive days as of yesterday, April 27! How about a comment on that! Value means NOTHING if the theives are counterfeiting shares. How about suggesting to the company to do a forward split in order to force the share count to be nailed down? Are you so naive that you don’t know about this situation, or are you one of them?
Editor: Now that it has been out for a few months, I am convinced the SHO list is completely worthless. I don’t believe the SEC is forcing the DTC to enforce anything, and being on or off the SHO list means nothing. I could just mean someone has sold 10k shares at a brokerage firm, and not delivered the shares in a timely manner. I am just looking at the fundamentals.
FOR THIS ONE, IT IS JUST A MATTER O Sales: BPTR has annual sales of $50,000,000.00 Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. BPTR has a Sales Growth of 20.00% per year. This is very good. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company’s operations. Sales Per Share (SPS): BPTR has annual sales of $1.56 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group. Price to Sales Ratio (P/S): BPTR has a P/S of 0.56. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group. Shares: BPTR has 32,000,000.00 shares of stock outstanding. Market Capitalization: BPTR has a Market Capitalization of $28,000,000.00. Market Capitalization is calculated by multiplying price times shares outstanding. Industry Group: BPTR has been assigned to the Business Svc (Advertising) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors. Business Sector: BPTR has been assigned to the Business Svc Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors. F TIME.
Editor: That growth rate is wrong taken year over year. The sales growth rate from ’03 to ’04 was 50%, not 20%.
What feedback have the management had from small cap managers etc. as to why they think the SP is so low
Editor: All the same reasons I have been covering in the content- lack of exposure in combination with the stock trading in a place where few fund managers can participate.
Does Mr Anthony Cataldo still have a relationship with BPTR? It seems he was instrumental in saving BPTR from bankruptcy. The main reason that I ask is that Mr Cataldo has recently “signed on” with MultiCell Technologies, another microcap that I own. Any comments re Mr Cataldo’s efforts on behalf of BPTR would be appreciated.
Editor: Mr. Cataldo was and still is the Chairman. He was instrumental in the turn around. I have been disappointed in their failure to create an audience for the stock, but very excited about the corporate results.
<> The above quote is from the company’s 4/22/05 14A filing at http://www.sec.gov. Note how the outstanding shares are north of 33.5 million now. That means that a $1.20 share price will then equate to the critical $40M market cap, which then allows BPTR to seek an Amex listing (not sure about NASDAQ Natl. Market listing reqmts.) and escape the OTCBB backwater. Annual meeting is coming up on 5/20/05. Hopefully we’ll learn more about Q1/05 results, sales backlog, and EPS prospects for CY2005.
Editor: So, $1.20 because a threshold number for the company. Perhaps Q1 numbers will help us get towards that goal. I am sure the AMEX would accept them quickly if they could achieve the required market cap.
Have you spoke to the management about this quarter. This appears to be the longest spell without any news of contract wins. Either they are holding back news due to poor markets or is it something else – hence flat SP
Editor: I have a pretty good feel about the numbers for this quarter, and my expectations are for more of the same. The stock just needs a new audience.
What’s the deal with MRKL? I haven’t read and reports lately or advise as to what to do with this DOG. Are they going the way of AMW? Is there any reason that we investors should keep this position? I’m down over 70 % from my purchases. Any thoughts? ty John
Editor: I told everyone to sell this stock back when it was about $.60- I don’t even follow it anymore. Wish I could say the same about AMW.
When did you tell us to sell?
Editor: I am not sure what you are referring to. If you are talking about BPTR, I don’t believe it’s a sell. I believe it’s a buy. If you are referring to the April 2 edition, I told everyone who was not a long term investor to get out of the market. This means I believe we were in a market environment where stocks could go down, and if you weren’t prepared to hold for the long term through a market pull back, you should sell everything.
Read # 9. When did you tell us to sell MRKL specifically? Not the “general” sell the market.
Editor: The 12/22 BLOG entry covered it. I don’t know what more you needed to know. If you held it much past that entry, you were on your own.
My god u kept me entertained.
Editor: At least some one is having some fun.