Has anyone been paying any attention to the tremendous year the penny stock of AmeraMex International, Inc. (AMMX) has been having? Up over 156% since the beginning of the year, the provider of heavy equipment is cruising up the charts with AMMX stock having set a new 52 week high on Thursday prior to announcing projected revenues of approximately $5.8 million for the year ended December 31, 2013, a 70% increase compared to 2012, and net income of approximately $500,000, nearly double ($276,000) what they achieved in 2012. So how can a heavy machine supplier that’s making money be so under appreciated in the penny market? Do they need to rent equipment to a cannabis farmer for anyone to notice them?
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AMMX Stock Quote
Market Cap: 6.99M
Friday Close: 0.0146 ▼ -0.0039 (-21.08%)
Dollar Volume: $99,266
Issued and Outstanding: 478,677,215
14-Day Rel Strength: 65.40%
1st Resistance Point: 0.0181
1st Support Level: 0.011
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AmeraMex has a real “Americana” type history behind the numbers they are putting up which almost makes you want to go out and grab 1 share of AMMX stock just to prove you’re proud to be an American (sorry all you others). More than 30 years ago, AmeraMex had little more than a used forklift dealership in Northern California whereas they now own and operate a $5.0 million fleet of heavy equipment for sale, lease or rent to companies all over the world.
If AmeraMex does report revenues of $5.8 million for the year ended December 31, 2013, it will be approximately $600,000 more than they reported for the 12 months ended December 31, 2011.
What appears to be the key to the financial success AmeraMex International has had is having very low cost of sales and operating expenses behind them. By operating 4 business units, Hamre Equipment Inc., Hamre Heavy Haul Industry, which includes Hamre Equipment Acquisiton, Hamre Parts & Service, and John’s Radiator, .
Looking ahead, AmeraMex announced Friday that their recent trip to China for funding and Niger for a $200 million fleet of trucks, as well as being asked to asked to provide proposals for a solar energy project as well as a ‘dry’ port project, look to be big ticket items. Their doing some work down in Peru, a $4 million project, and collaborating with an oil drilling company with the goal of forming an alliance with the government of The Congo for in-country drilling.
With all these projects either on the table or already in phase I for AmeraMex to do their part, it can’t be much longer that AMMX stock stays below the radar screen. Perhaps if the Company hires an auditing firm and even takes the initiative to uplist from the pin sheets, AMMX stock could be a real winner come summer time for those willing to check them out in further detail.
About AMMX Stock
AmeraMex International Inc. is a development stage company which sells, leases and rents heavy equipment to companies within four industries: construction (light and infrastructure), shipping logistics, mining and commercial farming.
Last 5 Trading Sessions:
AMMX has been a very bullish penny stock throughout the first 6 weeks of 2014. Seeing as how Friday’s sell-off into the news should be looked at as a sign of things to come, the “buy on rumor, sell on news” adage which has made traders money for generations should allow for some sneaky trades to grab AMMX stock on the cheap this week.
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