Special Situations / Industrials

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Acceleware Corp.

Acceleware Corp. (TSXV: AXE), based in Calgary, Alberta, develops, manufactures and markets special purpose software / hardware accelerators used to reduce engineering design simulation and data processing run times. According to Acceleware, simulations that take 5 - 8 hours can be completed within just 15-30 minutes using the company’s accelerators. The company has experienced significant growth in distribution since founded in February 2004.

(TSXV: AXE, Quote)
07/29/2008
Completes management restructuring; lowered fair value (4 Pages)
Subscribers Only
06/11/2008
Posts Record Revenues (11 Pages)
Subscribers Only
01/31/2008
Reports sales of over $1 million in Q4; Exciting year ahead (11 Pages)
Subscribers Only
09/17/2007
Q2 Revenues Exceed Expectations; More Exposure through NVIDIA's Telsa (10 Pages)
Subscribers Only
06/12/2007
Google Acquires Potential Competitor (12 Pages)
Subscribers Only
05/08/2007
Alliance With NVIDIA Corp Could Prove to Be Highly Beneficial (11 Pages)
Subscribers Only
01/19/2007
Initiating Coverage; A New Solution for Slow Computations (26 Pages)
Subscribers Only

 

 

Bevo Agro Inc.

Bevo Agro Inc. Is North America's leader in plant propagation; it develops plants for final growth in greenhouses and field farms.

(TSX-V: BVO, Quote)
01/22/2008
Q1'08 Revenues Drop by 43% YOY; Liquidity problems persist FINAL REPORT (12 Pages)
Subscribers Only
10/12/2007
 Bank Postpones Advancement of Loan to Pay Debenture; Downgrading to SELL (4 Pages)
Subscribers Only
05/31/2007
 Significant Drop in U.S. Sales Affects Bottom Line (12 Pages)
Subscribers Only
03/12/2007
 Signs Of Slowdown In The B.C. Greenhouse Industry (11 Pages)
Subscribers Only
12/04/2006
Sales and Gross Margins Meet Expectations, Operating Costs Increase (8 Pages)
Subscribers Only
11/06/2006
Strong Q4 as expected lifts annual performance; 2007 crucial to valuation (12 Pages)
Subscribers Only
06/30/2006
Signs New Credit Facility; Reinstating to BUY (7 Pages)
06/06/2006
Q3 Shows Growth But U.S. Operations Below Expectations; Suspending Ratings (9 pages)
Subscribers Only
03/10/2006
As Expected - Q2 Evidence of Improving Conditions (8 pages)
Subscribers Only
12/02/2005
Q1 Crunch Time: Lowering Estimates (9 pages)
Subscribers Only
11/02/2005
Strong Q4 Sales: Expansion Still Not Reflected in Price (10 pages)
Subscribers Only
06/03/2005
Q3 Evidence That Things Are Starting to Bloom (15 pages)
Subscribers Only
03/04/2005
Q2 Showing Positive Signs
12/08/2004
YE2004 and Q1 Update (11 Pages)
06/01/2004
Q3 2004 Update - Next Two Quarters Crucial (6 Pages)
03/02/2004
Unexpected Q2 2004 - Long-Term Still Bright (5 Pages)
01/01/2004
Initiating Coverage at BUY (13 Pages)

 

 

Brainhunter Inc.

Brainhunter Inc. is one of the leading providers of Human Capital Management (HMC) solutions, services and software in North America. Its end-to-end web based technology platform gives it the capability to offer a full range of services relating to staffing procurement for organizations. Brainhunter primarily provides IT staffing, and also Engineering and Healthcare staffing, on a full-time and contract basis to about 2,000 organizations worldwide. Within 5 years, the company’s revenues increased from $2.78 million in FY2001, to $166.50 million in FY2006.

(TSX: BH, Quote)
11/14/2008
 
03/04/2008
Sells North American Job Board Business to Workopolis for Favorable Price (15 Pages)
Subscribers Only
08/15/2007
Solid Growth in Q3-2007 Revenues; Evaluating Private Equity to Finance Acquisitions (12 Pages)
Subscribers Only
08/07/2007
Initiating Coverage; Capitalizing on the Highly Fragmented Staffing Industry (27 Pages)
Subscribers Only

 

 

Broadview Press Inc.

Broadview Press is an independent academic publisher with no affiliation to any larger publishing house or media conglomerate.

(TSX-V: BDP, Quote)
10/17/2008
 
04/24/2008
 
01/11/2008
 
09/10/2007
 
06/20/2007
 
04/05/2007
 
12/05/2006
Near Term Weakness in Gross Margins Lowers Fair Value (9 pages)
Subscribers Only
09/01/2006
BABL Publishing Completed; On track for positive Q3 and Q4 (10 pages)
Subscribers Only
05/29/2006
Higher Than Expected Net Loss, Awaiting an Interesting Q3 and Q4 (9 pages)
Subscribers Only
04/11/2006
2005 Inline With Expectations; Exciting Year Ahead (9 pages)
Subscribers Only
12/07/2005
Q3 Update: Outlook Positive (8 pages)
08/29/2005
Positive Results Continue in Q2 (8 pages)
05/25/2005
Positive Early Results Indicate Pages Turning
04/19/2005
YE2004, Temporary Setbacks, Outlook Positive
11/30/2004
Q3 Update: Below Expectations (8 pages)
09/07/2004
Q2 2004 Update (7 pages)
06/02/2004
Q1 2004 Update (6 pages)
04/12/2004
2003 Results Better Than Expected; Raising Fair Value (12 Pages)
11/28/2003
Third Quarter Review -Corrected  (6 Pages)
09/17/2003
Issuing Recommendation (2 Pages)
08/22/2003
Second Quarter 2003 Review (5 Pages)
07/17/2003
Initiating Coverage (14 Pages)

 

 

CIBT Education Group Inc.

CIBT Education Group Inc. (CAG) (TSX-V: MBA) is a diversified investment, operations and management firm, with subsidiaries operating in the education and advertising sectors.   While the company’s advertising business focuses on the Canadian and U.S. markets, the education business is largely focused on China.

(TSX-V: MBA, Quote)
10/20/2008
 
07/18/2008
Expanding to Travel, Tourism, Gaming Management; Expecting more acquisitions (13 Pages)
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04/16/2008
Plans announced for second acquisition (12 Pages)
Subscribers Only
02/06/2008
Acquisition of SSCC at Reasonable Valuation To Provide Significant Synergies (19 Pages)
Subscribers Only
11/30/2007
CIBT Enters LOI to Complete its Largest Acquisition to Date (14 Pages)
Subscribers Only
07/19/2007
Impressive New Initiative - CIBT's Education Centers (14 Pages)
03/07/2007
Restructuring Could Add Shareholders' Value (13 Pages)
12/20/2006
IRIX Slows as CIBT Seeks High Growth (13 Pages)
11/27/2006
As Expected, CIBT is Set For High Growth in FY2007 (12 Pages)
06/08/2006
Improved Q1 Performance As Expected (9 Pages)
05/18/2006
2005 Revenues Grow Despite Weaker Than Expected Q4 (12 pages) 
12/09/2005
Initiating Coverage (25 pages)

 

 

China Education Resources Inc.

China Education Resources Inc. (formerly China Ventures Inc.) is engaged in the development and distribution of educational and training materials in China. 

(TSX-V: CHN, Quote)
01/09/2006
Dropping Coverage (2 pages)
09/22/2005
Fall in 6 MO Sales; entering important second half
05/18/2005
YE2004 Below Expectations; Turn around expected in '05
09/14/2004
Q2 2004 Update (7 Pages)
07/29/2004
Initiating Coverage (22 Pages)

 

 

CON-SPACE Communications Ltd.

Con-Space Communications Ltd.  is a recognized worldwide leader in the design and manufacturing of specialized voice communication equipment for the purpose of providing safety and efficiency to workers in confined space work environments and the Public Safety market.

(TSX-V: CCB, Quote)
11/14/2008
 
07/04/2008
 
04/09/2008
Q2 Revenue and Margins Improved (10 pages)
Subscribers Only
01/29/2008
Q1 Results Disappointing; Q2 Preliminary Results More Optimistic (8 pages)
Subscribers Only
11/26/2007
YE2007 and AGM (8 pages)
Subscribers Only
06/13/2007
Q3 2007 Update (8 pages)
Subscribers Only
04/20/2007
SSI Acquisition - Highly Accretive and Growth at a Cheap Price (11 pages)
Subscribers Only
03/21/2007
Cost Increases Offset Revenue Gains (8 pages)
Subscribers Only
12/12/2006
Q1 Affected by Temporary Inventory Control Constraints (8 pages)
Subscribers Only
11/21/2006
YE2006 Largely Inline With Expectations (10 pages)
Subscribers Only
05/17/2006
Q3 Way Below Expectations (10 pages)
02/14/2006
Q2 2006 Update (8 pages)
11/28/2005
Q1 Update (7 pages)
10/19/2005
2005 Exceeds Expectations, Raising Fair Value (9 Pages)
05/19/2005
Communicating Strong Growth (8 Pages)
02/17/2005
Another Record Quarter, Raising Fair Value (9 Pages)
11/16/2004
Q1 and AGM Update (9 Pages)
10/14/2004
YE2004 Results Exceed Expectations (10 Pages)
05/17/2004
Q3 Update (5 Pages)
03/24/2004
Initiating Coverage (17 Pages)

 

 

Gemcom Software International Inc.

Gemcom “GCM” is a global, customer-driven company that provides software and related services to the mining industry.  Products are used in a wide range of mining applications from production performance management to resource modeling and mine design. The company’s Mine Production Management Solutions are tailored to mining operations helping increase productivity, reduce risks, and maximise profitability.

(TSX: GCM, Quote)
08/31/2006
Significant acquisition increases growth potential; Final Update
06/15/2006
2006 Results Beat Expectations; Raising Fair Value
02/20/2006
Q3 Update - On Track to Meet Expectations - Raising Fair Value
01/25/2006
Initiating Coverage (25 pages)

 

 

H. Paulin & Co.

H. Paulin manufactures and distributes screws, fasteners, automotive parts, screw machine components, and fluid system products mainly to the automotive, industrial, retail (including Home Depot), and agricultural industries.

(TSX: PAP.A, Quote)
10/03/2003
Issuing Recommendation (12 Pages)

 

 

International Water-Guard Industries Inc.

International Water-Guard Industries Inc., based in Burnaby, BC, Canada, focuses on the design, manufacture, sale, and service of aircraft potable water treatment equipment and systems. IWG has been selling its products to corporate, VIP and military transport manufacturers/operators around the world since 1982.

(TSX-V: IWG), Quote)
09/09/2008
 
06/20/2008
Positive developments in Q3 overshadow disappointing Q2 results (10 Pages)
Subscribers Only
03/31/2008
Announces new initiative for aerospace applications beyond water treatment (10 Pages)
Subscribers Only
01/14/2008
'07 revenues only vary $2,700 from our forecast! Q4 results in line (14 Pages)
Subscribers Only
08/07/2007
Another Quarter of Profitability; Fundamentals Remain Strong (10 Pages)
Subscribers Only
05/10/2007
10th Straight Quarter of Profitability (10 Pages)
Subscribers Only
03/01/2007
Solid Q1 2007 Performance; EPS Estimates Raised (10 Pages)
12/28/2006
Unit Sales Continue to Grow; Upside Potential From New Markets (13 Pages)
Subscribers Only
11/07/2006
Initiating Coverage (25 Pages)

 

 

LJ International Inc.

LJ International Inc. “JADE” manufactures and retails fine jewelry globally. The company has a presence across all industry-related processes from mining to designing, and marketing. It offers approximately 50,000 different contemporary designs ranging from earrings to bracelets. Products are ornamented with both semi-precious and precious stones such as amethyst and diamonds.

(NASDAQ: JADE, Quote)
09/06/2006
Strong Performance in Q2 2006  (8 pages)
06/02/2006
Strong Performance in Q1 2006  (9 pages)
04/17/2006
Better Than Expected Q4 and 2005  (9 pages)
11/15/2005
Initiating Coverage (22 pages)

 

 

MicroPlanet Technology Corp.

MicroPlanet Technology is a company based in Seattle, USA, that has developed an advanced voltage regulation technology for residential, commercial and industrial environments. The company’s voltage regulators help save energy (which in turn helps reduce greenhouse gas emissions), lower electricity bills, increase the  efficiency of electric appliances and improve utility services.

(TSXV: MP, Quote)
09/09/2008
 
03/06/2008
Q4 Results Almost Inline; Receives Another Significant Commercial Order (10 pages)
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02/22/2008
Initiating Coverage; Clean Technology Company Entering Commercialization (32 pages)
Subscribers Only

 

 

Netflix Inc.

Netflix is the world's largest online DVD movie rental service offering more than one million members access to more than 15,000 titles.

(NASDAQ: NFLX, Quote)
11/17/2003
Initiating Recommendation (11 pages)

 

 

Phinder Technologies  Inc.

Phinder Technologies Inc “PHDTF” is a provider of premier, entry-level web hosting services and Internet access solutions for small businesses in the United States. The company’s efficient, systematic and readily-scalable approach to marketing and billing offers investors exposure to high growth potential.

(OTCBB: PHDTF, Quote)
10/20/2006
Suspending Coverage (2 pages)
04/05/2006
Initiating Coverage (15 pages)

 

 

Resin Systems Inc.

Resin Systems Inc. is a chemical/composite technology company that develops and commercializes its patented line of environmentally friendly resin formulations and end products. 

(TSX-V: RS, Quote)
(OTCBB: RSSYF, Quote)
10/20/2004
Suspending Coverage (2 pages)
06/09/2004
Downgrading on Costs, Delays, and Valuation (6 Pages)
02/04/2004
Initiating Coverage (10 Pages)

 

 

Sonic Technology Solutions Inc.

Sonic Technology Solutions Inc., based in Vancouver, Canada, has a patented technology to generate industrial-scale sonic energy. Sonic’s patented SonoprocessTM technology is the world’s first and only industrial-scale sonic generator technology. After successfully commercializing its technology in the environmental sector, the company is now actively trying to commercialize the technology’s application in the energy (heavy oil and oil sands)  and the materials sectors.

(TSX-V: SNV, Quote)
11/12/2008
 
05/16/2008
Significant progress in the energy sector; Plans to acquire process chemistry (11 Pages)
Subscribers Only
03/25/2008
Initiating Coverage; Advancing new applications in the energy and materials sectors (28 Pages)
Subscribers Only

 

 

Stockhouse Inc.

Stockhouse Inc. is a provider of financial information, news, and analytical tools to financial services firms, corporations, and the media. It also provides investors with financial information through leading financial sites such as stockhouse.ca and smallcapcentre.com.

(TSX-V: SHC, Quote)
(OTC: STKH, Quote)
09/17/2008
 
07/04/2008
Expecting a soft Q2 with second half recovery (11 pages)
Subscribers Only
04/29/2008
Improved Performance in Q4 (13 pages)
Subscribers Only
12/27/2007
Q3 Below Expectations; Q4 Looking Strong(13 pages)
Subscribers Only
08/29/2007
Enters Deal with Yahoo!Canada; Awaiting Launch of New Website (14 pages)
Subscribers Only
06/08/2007
Q1 '07 lower than expected; growth outlook maintained (13 pages)
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04/05/2007
Acquired MFD; Valuation More Than Doubled (14 pages)
Subscribers Only
11/29/2006
Advertising Leads Revenue Growth (10 pages)
09/21/2006
Higher Costs Delay Profitability (11 pages)
05/24/2006
Sales Inline; Advertising Costs Rise (10 pages)
04/06/2006
Results in Line; Positioned for Growth (10 pages)
11/21/2005
FC&S Up; Ads Down (9 pages)
08/17/2005
Initiating Coverage (22 pages)

 

 

Versatile Systems Inc.

Versatile Systems Inc. is a technology company that provides software tools that allow its customers to manage their credit and sales processes. Versatile creates software that extends their customers back office to mobile workers. In addition, the company delivers technology systems and services to many Fortune 1,000 companies.

(TSX-V: VV, Quote)
10/15/2007
Initiating Coverage; Steady Core Business With Growth Potential (20 pages)
Subscribers Only