The shut down of the U.S. Government which effectively stemmed from the need to disallow Obamacare has triggered interest in a number of companies which cold capitalize from that. One such penny stock, Command Center, Inc. (OTCMKTS:CCNI), a national provider of on-demand and temporary staffing solutions,has had a banner 3 months since coming off its 52 week low of 0.175. On pace to book over $80 million again for their fiscal 12 months, is there more profitability ahead for the provider of semi-skilled and unskilled workers?
Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!
CCNI Stock Quote
Market Cap: 26.83M
Last: 0.45 ▲ +0.05 (+12.50%)
Dollar Volume: $56,135
Issued and Outstanding: 59,611,242
14-Day Rel Strength: 60.59%
1st Resistance Point: 0.47
1st Support Level: 0.43
Looking for Hot Penny Stocks?
Click here To Receive FREE Penny Stock Alerts
When investors look for a name which they can trust in a sector bound for stability, no better name fits the part than that of Bubba Sandford, Command Center’s President and CEO. Since his appointment back on February 22, Sanford has gotten a chance to ride the green wave of CCNI stock to the tune of 179% while maintaining similar results to what his predecessor achieved during the first 6 months of 2012.
Command Center just came off a banner year whereby revenues nearly eclipsed the $100 million mark during the yea ended December 28, 2012. Although revenues increased by over $16 million for the year and net income before taxes grew by 82.6% to $1,559,277, CCNI stock hasn’t traded above 0.50 in over 2 years.
Revenue for the 3 months ended June 28, 2013, $23.3 million, showed a decline of approximately $975,000 or 4% versus the $24.3 million booked in the same period last year. The decrease was attributed to the winding down of contracts which are processed through the Company’s wholly owned subsidiary, Disaster Recovery Services, Inc., as well as a focus on cost management in an effort to maximize income from operations more effectively.
When Sandford was quoted in the PR announcing the Q2 results, the CEO stated that “The Company is moving in a new and positive direction, but with that comes some initial sacrifices regarding certain areas within the business and a shift in what we include in our view of success.” If a new direction can produce better than $678, 000 EBITDA for the 3 months ended June 28, 2013, better than $944,000 EBITDA for the 6 months ended June 28, 2013, then an estimated “better than $2 million” EBITDA for a fiscal year will be just dandy for shareholders.
About CCNI Stock
Command Center, Inc. is a provider of temporary employees to the wholesale trades, manufacturing, hospitality, construction, restoration and retail industries.
Click here to view the SEC filings for CCNI.
Click here to view the website for Command Center.
Last 5 Trading Sessions:
From a company standpoint, you can’t get much stronger or stable than Command Center. However, the fact that 0.50 seems to be an invisible ceiling for CCNI stock makes one think that seeing this penny stock bust out is highly unlikely. Keep a close eye on CCNI for a chance to scoop up shares when it tinkers back down to the teens or low-20’s since rides to 0.49 seem to happen once a year.
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!