Unknown and unloved, but not for long... Keep an eye on KWIN, Kenwick Industries, for the next couple of weeks. |
Low-float: 450,000 shares (Outstanding shares 4.05M). With no news and no hype stock has moved in the last two weeks from .50 range to over a $1. Last post on SI thread was Dec. '98--people have forgotten about this one.
Business profitable already: Annual projection of $0.40 EPS. An upcoming earnings report will let us know the actuals. I spoke with the CFO of the company and he says the earnings will be reported in about a month. As best we can tell, no surprises are expected and if that's the case, an annual EPS of the above projection would be expected.
Strange thing: The company has two lines of business, an English-as-a-foreign-language division and an automotive division ("Automax"). The EAFL is 10% of the company revenues and the Automax is 90%. Apparently, the Automax has been very successful and we'll be hearing about it soon.
Company phone: 1-800-822-4122
Final word: I'm hearing that a brokerage company is looking to follow this next week (possibly starting on Tuesday).