Everyone may have loved Raymond, but Outsourcing touched on a subject which has proven to have affected the U.S. economy negatively over the last decade. However that may be, the end-to-end provider of outsourced services, Genesis Group Holdings, Inc. (GGHO), is being appreciated greatly by its shareholders. During Q3, from July 1 to September 28, GGHO stock rose 567% and has been trying to break the 2 cent range for nearly two months which might be inevitable after their most recent acquisition adds even more to their already bursting top line revenues.
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GGHO Stock Chart
Market Cap: 3.66M
Close: 0.0197, up 0.0037 (23.13%)
Volume: 1,888,729
Dollar Volume: $36,984
High: 0.021
Low: 0.017
Trades: 33
Average Trade Size: 57,234
Authorized: 500,000,000
Issued and Outstanding: 185,896,364
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Although the dollar volume in trading activity may not have an APS look to it just yet, September’s acquisition of telecommunications service provider ADEX Corp. and structured cabling company and distributed antenna system installer TNS, Inc. are sure to improve top line numbers exponentially. The two acquisitions, both of which enjoy a strong reputation for service and quality through their broad reach, have over $40 Million in profitable revenue over the last 12 months.
Growing revenues is part of what’s forcing GGHO PPS to rise. For the three and six months ended June 30, 2012, Genesis Group Holdings reported top line numbers of $1.40 million and $2.92 million, respectively, versus $821 thousand and $1.19 million for the same respective periods in 2011. Although the growth has yet to show a positive result on the bottom line as of June 30, 2012, being “in the black” is inevitable within 12 months at the Company’s current pace. Add the two acquisitions and the $40 million in revenues they bring and GGHO shareholders may get paid a cash dividend in the near future.
However, before dividends become a topic of discussion for the BoD of Genesis Group, short term debt, $2,877,016, and their accumulated deficit, $11,082,070, are two issues which will need to be addressed in the short and near term respectively. Knock those two out of the park and GGHO can stop issuing shares for loan cost expense; 22,158,762 at prices between 0.003 and 0.0045 during the first six months of 2012.
About GGHO Stock
Genesis Group Holdings, Inc., and wholly owned subsidiaries T N S, Inc., Digital Comm Inc., Tropical Communications, Inc., Rives-Montiero Leasing and their 49% owned subsidiary, Rives-Monteiro Engineering, LLC, is a provider of specialty contracting services, primarily in the installation of fiber optic telephone cable. These services are provided throughout the United States and include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities including telecommunications providers, and other construction and maintenance services to electric and gas utilities and others.
Click here to view the SEC filings for GGHO.
Bottom Line: GGHO should be added to the list of penny stocks to watch with the momentum building for them to eventually breakout above the 2 cent level. The effect the two recent acquisitions has on the Q4 filing will force the PPS to move and only the patient traders getting in at the current level will see the possible triple digit gains from here. Early GGHO stock jockeys are riding into the fourth turn looking at a possible quadruple digit percentage gainer.
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