The month couldn’t start any better than with some huge 2012 revenues due to come from jet-fuel sales by Saker Aviation Services, Inc. (OTC: SKAS). After setting a new 52 week high on Friday to end March with, SKAS stock is looking like its been drinking some aviation gasoline and prepared to launch itself up the charts. With a couple of blips on the radar last week in volume trading, the chances of seeing lift-off take place this week are much better than the odds of a tailspin anytime soon.
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SKAS Stock Quote
Market Cap: 3.30M
Last (Mar. 28): 0.10 ▲ +0.01 (+11.11%)
52Wk High: 0.10
52Wk Low: 0.013
Issued and Outstanding: 33,040,422
1st Resistance Point: 0.1067
1st Support Level: 0.0867
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Last year, Saker Aviation Services field their 10-K on March 31, 2012 for the years ended December 31, 2011. Translation: the 10-K for fiscal 2012 is due to come out at anytime making SKAS a prime candidate to see a surge in attention.
For the three months ended September 30, 29012, revenues increased by 5.1% to $4,882,781 versus $4,643,683 from the corresponding prior-year period. For the nine months ended September 30, 2012, revenue increased by 7.5 percent to $12,893,110 versus $11,993,660 in the same period in the prior year. Translation: Sales are booming!
From balance POV, Saker is flying right along the level line with current assets t current liabilities falling in at roughly a 1:1 ratio. However, with the lack of long term debt and the fact that the aviation supplier has been in the “black” as of September 30, 2012, as well as on September 30, 2011, SKAS stock is an hidden gem on the OTC that traders should take note of. Chances are, whenthe 10-K filing comes in, those in at the “dime” level have a great chance of seeing some altitude on their entry point.
About SKAS Stock
Saker Aviation Services, Inc. , through their subsidiaries, operates in the fixed base operation (“FBO”) segment of the general aviation industry by serving as the operator of a heliport, two primarily fixed-wing aircraft FBOs and provide consulting services for an FBO facility. FBOs provide ground-based services, such as fueling and aircraft storage for general aviation, commercial and military aircraft; aircraft maintenance; as well as other miscellaneous services.
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Bottom Line: SKAS is a non-pump penny stock that’s worth having a close look at. History proves that picking penny stocks that are not being pumped are more for the “sit and wait” type of investor rather than the flipper. With bursting revenues about to be reported and forecast on the growth of Saker and their industry, SKAS stock could see some higher levels in the coming days, weeks and months.
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