WSCI

TheStreet.com has (finally) covered on WSI Industries (WSCI). This stock has been under the radar for a long time, and a coverage is long overdue.

http://www.thestreet.com/story/11465780/1/wsi-industries-inc-stock-upgraded-wsci.html

Among other news this week (03/21/12)

WSI Industries - WSCI - Increase in both top line sales and bottom line profit

 WSI Industries, Inc. (Nasdaq:WSCI) reported sales for its fiscal 2012 second quarter ending February 26, 2012 of $7,021,000 versus the prior year amount of $5,682,000, or an increase of 24% over the prior year quarter.

• WSCI Year-to-date sales for the six months ended February 26, 2012 totaled $13,008,000, an increase of 16% versus $11,210,000 in the prior year.


• WSCI reported net income of $171,000 or $.06 per diluted share for the fiscal 2012 second quarter which was an increase of 45% over the prior year quarter amount of $118,000.


• WSCI Year-to-date income also rose with the Company reporting fiscal earnings of $276,000 or $.10 per diluted share versus $162,000 or $.06 per diluted share in the prior year which represented an increase of 70%.

Benjamin Rashleger, president and chief executive officer, commented: “We are pleased to report increases in both our top line sales and bottom line profit in our fiscal 2012 second quarter and year-to-date financials. This is our seventh consecutive quarter of year over year quarterly sales growth.” Rashleger continued: “Our sales growth has been supported by increases in both our recreational vehicle business and our energy business. We continue to experience growth in our existing recreational vehicle lines, and at the same time we are also expanding our scope by adding newly awarded programs and product lines that will benefit us in the coming years. Our energy business has also grown with the increase in that market coming primarily from our product lines in the shale fracturing business.”

Rashleger concluded: “As we have stated previously, we continue to invest in both capital equipment as well as adding new employees. These investments necessitate up-front costs and inefficiencies that have impacted our income statement. However, we reiterate our previous guidance that we expect our full year fiscal 2012 to exceed the prior year in both sales and net income.”

WSCI also announced that it has signed a five year agreement with an existing aerospace customer to continue to provide them parts. Rashleger commented: “This agreement provides further solidification of our business foundation, as well as providing for industry and customer diversification.”
http://www.businesswire.com/news/home/20120320006831/en/WSI-Industries-Reports-24-Increase-Quarter-Sales

02/21/2012 10:49am

Current holding: ING
Number of Shares: 170

Current Price: $9.02
Unrealized gain/loss:  +4.38%
Current Market Value:  $1,533.40

ING is the only stock in this portfolio. This stock should be able to move up to $9.4 by the end of this week.

New game to start again

Current goal is to convert $1400 into $2000 by April 15, 2012!

Blip in the market

With the fever in Europe continues, there seemed to be a blip on the Street today, with the market taking a big dip around noon (14:48 EST). And within minutes, it rose back up immediately. What the hell was that about? I will dig up some thoughts about what happened, and why.

Rite Aid

After selling ETFC, I have now moved the $500+gains ($523 to be exact) into RAD at $1.7 per share. I thought about getting back into ETFC since it's now back to where I bought it last time, but from my observation, it could ride down as low as $1.4 before climbing back. RiteAid looks to be similar in pattern, but this is my take for now. Reason? It's been dropping consecutively since September 17, time to surge back should be around the corner. Potentially 15% move upward or 10% downward.

Sold ETFC @ $2

Action Today:

Sold ETFC (300 shares) at $2.00. Total gain (excluding fees) is roughly 12%. I have not yet considered any stock to buy at the moment, but will post any info. on my next purchase.

Sold

300

$2.00

Settles on 09/24/2009

3:22 PM 09/21/2009

Let the Fun Begins!

As mentioned last week, I plan to restart my little game of "What $500 Can Do For Me".

After placing $500 into my brokerage account, I moved those money into ETFC, buying 300 shares at $1.74 per share. My so-called-picked is the continued observation of the ETFC currently in my IRA account, performing at +16% as of today. Since it has recently been upgraded, there should still be room for it to ride up, edging closer to $2 mark.

Because the goal here is to make money in short time, risk/reward is the main engine. Speculation and optimism is the key to my pick. Any stock that has high vulnerability is highly considered due to the fact that they are usually price sensitive.


As for today, Monday 08/31/2009

Bought

300

$1.7391

Settles on 09/03/2009

3:52 PM 08/31/2009

Let's see how it goes tomorrow.