Harris Roen, Editor
Roen Financial Report
November 12, 2012
One poor earnings report and one better than expected, generated today’s stock alerts.
|Ecosphere released down earnings numbers for the quarter. Revenues dropped 15% for the quarter, and profits fell 26%. The good news, however, was that net income remained positive for three quarters in a row. The price of this penny stock bottomed out to an annual low, down 23% for the year.||Press release|
|Pike’s stock surged 14% for the week on a strong earnings report. Revenues were up 37% for the quarter, and profits came in 55% higher than the same quarter last year. Prices spiked to a 52 week high, up 54% for the year. Investors should be cautions, though, since the Roen Financial Report considers the stock overvalued at current prices.||Press release|
Individuals involved with the Roen Financial Report and Swiftwood Press LLC do not own or control shares of any companies mentioned in this article.
It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.