Wednesday 16 February 2011
Apcvz - Nasdaq To watch
As predicted, we had a big bullish signal on the title APCVZ. The title has a resistance around, $ 1215. We'll see tomorrow how will react to the track.
Canam (CAM-TSX) experienced a difficult year
Marc Dutil spoke of a financial year "very difficult" in 2010 for Canam. "No fun" in the words of President and Chief Operating Officer of the Saint-Georges, who was addressing yesterday with financial analysts on the occasion of the release of results of last year.
While he had recorded a net profit of $ 20.4 million in 2009, Canam Group had to settle for a net profit of just $ 100,000 for the year ended December 31.
"In a recessionary climate, we chose to sacrifice profit margins to keep our people to work and keep our skills and expertise," said the boss of the company specializes in the design and manufacture of products and solutions construction.
According to Mr. Dutil difficult period in the market for non-residential construction in North America - "is our bread and butter" - should be continued during the first quarter of 2011.
Subsequently, the skies should clear. "We're starting to see light at the end of the tunnel after two years of solid blues," said Marc Dutil, stating that positive signals being received from across North America.
"Many projects were put on ice, there are two or three years, will soon come true," he pointed out, reporting that the Canam Group currently meets twice more tender thanthe same period last year. Moreover, the backlog of the company is doing well and stood on 31 December at $ 485 million, or 5% more than at the end of fiscal 2009.
20% increase in sales
Not everything has been depressing for the 2010 Canam Group who announced last fall, obtaining a $ 44 million contract to build a football stadium in Winnipeg.
Indeed, the company's sales jumped 20% in 2010 to $ 751.3 million. The increase is attributable primarily to the acquisition in February, the U.S. manufacturer of structural steel FabSouth. Marc Dutil said Canam Group was doing pretty well in the circumstances, by comparison with the recession of the early 2000s during which the company lost "over $ 20 million per year .
"At the time, we invested 6 or $ 7 million in our operations. Over the last five years, by cons, we invested $ 25 million on average per year to increase our capacity and productivity and to bring new products to market. "On the TSX, the title of Canam Group ( TSX: CAM) was worth, yesterday, $ 7.53, down 11 cents.
Source: Le Soleil
While he had recorded a net profit of $ 20.4 million in 2009, Canam Group had to settle for a net profit of just $ 100,000 for the year ended December 31.
"In a recessionary climate, we chose to sacrifice profit margins to keep our people to work and keep our skills and expertise," said the boss of the company specializes in the design and manufacture of products and solutions construction.
According to Mr. Dutil difficult period in the market for non-residential construction in North America - "is our bread and butter" - should be continued during the first quarter of 2011.
Subsequently, the skies should clear. "We're starting to see light at the end of the tunnel after two years of solid blues," said Marc Dutil, stating that positive signals being received from across North America.
"Many projects were put on ice, there are two or three years, will soon come true," he pointed out, reporting that the Canam Group currently meets twice more tender thanthe same period last year. Moreover, the backlog of the company is doing well and stood on 31 December at $ 485 million, or 5% more than at the end of fiscal 2009.
20% increase in sales
Not everything has been depressing for the 2010 Canam Group who announced last fall, obtaining a $ 44 million contract to build a football stadium in Winnipeg.
Indeed, the company's sales jumped 20% in 2010 to $ 751.3 million. The increase is attributable primarily to the acquisition in February, the U.S. manufacturer of structural steel FabSouth. Marc Dutil said Canam Group was doing pretty well in the circumstances, by comparison with the recession of the early 2000s during which the company lost "over $ 20 million per year .
"At the time, we invested 6 or $ 7 million in our operations. Over the last five years, by cons, we invested $ 25 million on average per year to increase our capacity and productivity and to bring new products to market. "On the TSX, the title of Canam Group ( TSX: CAM) was worth, yesterday, $ 7.53, down 11 cents.
Source: Le Soleil
Tuesday 15 February 2011
Canam-TSX To Watch
Canam goupe (CAM-TSX) today reported financial statements for 2010. A news on the company website is published this morning saying the group to increase its sales by 20% in 2010. The title should be rising this morning after the news.
APCVZ-On the verge of a steering response
On the point of view of technical analysis, the title is stabilized and a response
its management should take the form either today or tomorrow. If the title from the AAhause, then we have a very good buy signal. By cons, if the title goes down, it wouldbetter predict a good drop. The market appears strong enough to push the title.However it must be fairly high volumes. Next week APCVZ, due out its financial statements and clarify what it is with the TRC. Analyze the chart and look in whatdirection will the title.
its management should take the form either today or tomorrow. If the title from the AAhause, then we have a very good buy signal. By cons, if the title goes down, it wouldbetter predict a good drop. The market appears strong enough to push the title.However it must be fairly high volumes. Next week APCVZ, due out its financial statements and clarify what it is with the TRC. Analyze the chart and look in whatdirection will the title.
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