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. |
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05/26/2009 |
Q4 beat expectations; Early signs of recovery in industry – FINAL
REPORT |
Subscribers Only |
01/13/2009 |
Successful execution of restructuring and a new sales model very
crucial |
Subscribers Only |
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 |
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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. |
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01/22/2008 |
Q1'08 Revenues Drop by 43% YOY; Liquidity problems persist FINAL
REPORT (12 Pages) |
Subscribers Only |
10/12/2007 |
Subscribers Only |
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05/31/2007 |
Subscribers Only |
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03/12/2007 |
Subscribers Only |
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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) |
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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 |
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12/08/2004 |
YE2004 and Q1 Update (11 Pages) |
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06/01/2004 |
Q3 2004 Update - Next Two Quarters Crucial (6 Pages) |
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03/02/2004 |
Unexpected Q2 2004 - Long-Term Still Bright (5 Pages) |
|
01/01/2004 |
Initiating Coverage at BUY (13 Pages) |
Boyuan Construction Group Inc. Boyuan Construction Group Inc. is in the business of constructing residential and commercial buildings, municipal infrastructure, and is involved in engineering projects in China. The company has expanded its businesses significantly since commencement of its current operations in 2004. Current projects are primarily located in the Yangtze River Delta and the city of Sanya. Boyuan plans to further expand its geographic area, as well as increase its presence in high-end markets. |
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06/14/2010 |
Q3 Revenues and Margins Inline With Expectations |
Subscribers Only |
04/01/2010 |
Q2 Revenues and Margins Exceed Expectations |
Subscribers Only |
01/13/2010 |
Initiating – Chinese Construction Company Focused on High-End
Property Development |
Subscribers Only |
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. |
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06/29/2010 |
Dropping Coverage |
Subscribers Only |
11/14/2008 |
Suspending Rating (2 Pages) |
Subscribers Only |
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 |
CIBT Education Group Inc. CIBT is an education management company with operations in 45 locations and 12 countries. CIBT's goal is to become a leading global education player with Canada as the base, and China as the hub. The company has achieved significant growth in the past 12 years (through organic growth and acquisitions), as revenues increased from $0.71 million in FY1997 to $44.55 million in FY2009; reflecting a CAGR of 41% during the period. |
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08/17/2010 |
03/22/2010 |
Completes KGIC Acquisition |
Subscribers Only |
01/12/2010 |
Reinitiating Turning into a global education player with Canada as
the base, and China as the hub |
Subscribers Only |
10/20/2008 |
72% YoY drop in share price does not reflect fundamentals – FINAL
REPORT (13 Pages) |
Subscribers Only |
07/18/2008 |
Expanding to Travel, Tourism, Gaming Management; Expecting more
acquisitions (13 Pages) |
Subscribers Only |
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) |
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03/07/2007 |
Restructuring Could Add Shareholders' Value (13 Pages) |
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12/20/2006 |
IRIX Slows as CIBT Seeks High Growth (13 Pages) |
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11/27/2006 |
As Expected, CIBT is Set For High Growth in FY2007 (12 Pages) |
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06/08/2006 |
Improved Q1
Performance As Expected (9 Pages) |
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05/18/2006 |
2005
Revenues Grow Despite Weaker Than Expected Q4 (12 pages) |
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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. |
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01/09/2006 |
Dropping Coverage (2 pages) |
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09/22/2005 |
Fall in 6 MO Sales; entering important second half |
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05/18/2005 |
YE2004 Below Expectations; Turn around expected in '05 |
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09/14/2004 |
Q2 2004 Update (7 Pages) |
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07/29/2004 |
Initiating Coverage (22 Pages) |
Functional Technologies Corp. Functional Technologies Corp. is a functional foods developmental company developing proprietary yeast for the global food and beverage market. FEB is also developing micro algae based biological products for the animal health care industry. FEB will commence commercial sales of its proprietary yeast products in the 2009 wine making season. |
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03/26/2009 |
Licenses two proprietary technologies to add value |
Subscribers Only |
12/04/2008 |
Initiating Coverage; Transitioning from development to commercial
sales |
Subscribers Only |
Greenscape Capital Group Inc. Greenscape Capital Group helps businesses become cost effective, sustainable, and environmentally responsible by providing energy retrofits for commercial facilities. It operates Green.Switch Capital (“Green.Switch”), an energy retrofitting company that provides energy efficient solutions for businesses. Greenscape, through Green.Switch, has also partnered with Propark America, an established parking management company in the United States, to build, operate, and own a green parking facility at the Denver International Airport. |
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06/04/2010 |
Initiating – Energy Retrofit with Green Parking Facility
Project |
Subscribers Only |
Hodgins Auctioneers Inc. Hodgins Auctioneers, Inc. is a Melfort, Saskatchewan based auctioneer, providing auction services of agricultural and industrial equipment, and real estate. The company conducts live onsite auctions primarily in Western Canada, and also has an online only auction platform. To achieve a successful auction, Hodgins offers a range of services such as marketing campaigns, financial guarantees, outright purchases, live internet bidding, and various support services. |
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01/25/2010 |
Continues to generate higher commission rate; Gross auctions sales
lower in Q3; fewer auctions |
Subscribers Only |
09/08/2009 |
Q2 Exceeds Expectations; Result of Business Diversification and
Increased Online Businesses |
Subscribers Only |
06/14/2009 |
Q1 2009 Revenues Slightly Above Expectations |
Subscribers Only |
05/28/2009 |
2008 Update – Revenues Inline but Margins Below Expectations |
Subscribers Only |
04/08/2009 |
Initiating Coverage; Focused on Agricultural and Industrial
Equipment in Western Canada |
Subscribers Only |
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. |
|
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. |
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08/09/2010 |
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05/21/2010 |
Q1 revenues inline / Working cap $2.31 mm, market cap only $2.36
mm |
Subscribers Only |
02/08/2010 |
Revenues down 15% YOY due to a 14% YOY drop in the US$ |
Subscribers Only |
01/21/2010 |
Revenues hit all-time high in FY2009; Working capital alone
accounts for $0.055 per share |
Subscribers Only |
07/29/2009 |
Markets showing signs of recovery; Working capital alone accounts
for $0.05 per share |
Subscribers Only |
05/20/2009 |
Q2 Revenues Inline; Slowdown Hits the Business Aviation Market |
Subscribers Only |
02/17/2009 |
Well Positioned for the Downturn |
Subscribers Only |
09/09/2008 |
Revenues Bounce Back as Predicted; $0.50mm Financing Completed
(9 Pages) |
Subscribers Only |
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) |
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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. |
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09/06/2006 |
Strong Performance in Q2 2006 (8 pages) |
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06/02/2006 |
Strong Performance in Q1 2006 (9 pages) |
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04/17/2006 |
Better Than Expected Q4 and
2005 (9 pages) |
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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. |
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01/02/2009 |
Economic slowdown could boost demand for energy conservation
products – FINAL REPORT |
Subscribers Only |
09/09/2008 |
Commencing volume deliveries in Q3; $6.6 million in order backlogs (12 pages) |
Subscribers Only |
03/06/2008 |
Q4 Results Almost Inline; Receives Another Significant Commercial
Order (10 pages) |
Subscribers Only |
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. |
|
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. |
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10/20/2006 |
Suspending Coverage (2 pages) |
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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. |
10/20/2004 |
Suspending Coverage (2 pages) |
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06/09/2004 |
Downgrading on Costs, Delays, and Valuation (6 Pages) |
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02/04/2004 |
Initiating Coverage (10 Pages) |
Sonoro Energy Ltd. Sonoro Energy Ltd, based in Vancouver, Canada, has a patented technology to generate industrial-scale sonic energy. The 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. |
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04/06/2010 |
Announces heavy oil upgrading JV in Albania; Completes a $4
million financing |
Subscribers Only |
06/04/2009 |
Enters into a JV agreement; One step closer to commercialization |
Subscribers Only |
03/05/2009 |
Enters
project agreement; up to $5 million in funding; SonoAsh
enters into JV partnership with Nalco |
Subscribers Only |
11/12/2008 |
Test Confirm Heavy Oil Upgrade to 25 API (13 Pages) |
Subscribers Only |
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 |
Titan Trading Analytics Inc. Titan Trading Analytics Inc. has developed an electronic trading platform allowing users to trade in different markets and multiple asset classes. The flagship product, TickAnalyst, has the ability to automate the entire process of trading, from initial modeling and testing, to high-performance execution and post-trade analytics. The company signed its first commercial client in November 2009. |
|
03/03/2010 |
Initiating Coverage; Transitioning from research and development
to commercialization |
Subscribers Only |
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. |
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10/15/2007 |
Initiating Coverage; Steady Core Business With Growth Potential
(20 pages) |
Subscribers Only |
West Mountain Capital Corp. West Mountain Capital, through its wholly owned subsidiary, Phase Separation Solutions (PS2), is in the business of thermal treatment of soil, sludge and other waste streams. The company posted record revenues of $5.88 million, and net profits of $2.51 million, in 2009. The company has a strong management team with extensive experience in the industry. |
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08/11/2010 |
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05/21/2010 |
Q1 Inline With Expectations |
Subscribers Only |
03/23/2010 |
Initiating Coverage - Thermal treatment of soil, sludge and other
waste streams |
Subscribers Only |
