On Thursday we saw how Totally Hemp Crazy Inc. (THCZ) lost the fuel to push higher mainly because Medican Enterprises, Inc. (MDCN) stole the thunder on the OTC. THCZ stock was expected to see a major pull back in advance of today’s closing bell, but with other marijuana penny stocks like MDCN stock getting hot off expansion projects to begin generating revenues, it’s a coin flip as to which other cannabis ticker is going to take off. Since the next one could come from a bucket full of tickers (over 50), the safer route for a day or two trade on the big boards has these 10 tickers on watch for a quick flip:
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|ANR||Alpha Natural Resources, Inc.||204.00M||7.07%||6,547,700|
|CAK||CAMAC Energy, Inc.||636.56M||5.40%||1,558,509|
|EGI||Entree Gold Inc.||22.12M||13.52%||125,350|
|ETAK||Elephant Talk Communications Corp.||65.50M||7.08%||113,629|
|LAS||Lentuo International Inc.||16.25M||20.54%||1,229,707|
|LEI||Lucas Energy, Inc.||7.34M||9.34%||414,227|
|OMEX||Odyssey Marine Exploration Inc.||58.24M||5.88%||275,976|
|PAL||North American Palladium Ltd.||106.58M||5.96%||2,572,608|
|TGB||Taseko Mines Ltd.||127.96M||8.73%||499,214|
|TRX||Tanzanian Royalty Exploration Corp.||34.28M||10.08%||458,668|
Of the 10 penny stocks listed above, Lentuo International Inc. (NYSE:LAS) has the gas in its tank to continue to see double-digit swings as we head into April. Almost two months ago, the leading non-state-owned automobile retailer headquartered in Beijing, Cina announced that it had begun a strategic expansion into the electric vehicle and plug-in hybrid EV value-added services as an extension of its after sales business strategy.
According to statistics compiled by the Ministry of Industry and Information Technology, over 83,900 EVs and PEVs were produced in China in 2014, nearly four times the amount produced in 2013. EV and PEV production in December 2014 alone exceeded 27,200, a new global monthly production record as China’s EV industry enters an explosive stage of growth.
We’re all still anticipating the Company to report their Q4 and full year 2014 results, but for the nine months ended September 30, 2014, the financial highlights were as follows:
· Net income was $6.6 million, up 31.8% from the first 9 months of 2013.
· Revenues from repair and maintenance services increased 17.0% to $54.8 million compared to the first 3 quarters of 2013.
· As a percentage of revenues, revenues from repair and maintenance services increased to 13.9% from 11.9% in the same period of 2013.
· Gross margin for repair and maintenance services increased to 42.2% from 38.9% in the same period of 2013.
· Average new vehicle unit price was $28,558 a 5.7% increase from the same period of 2013.
· Average unit price for repair and maintenance services was $378 an 18.1% increase from the same period of 2013.
The Company stated in their Q3, 2014 results that their high-end car expansion strategy received a strong vote of confidence from BMW in recognition of their twenty years of industry knowledge and leading customer service experience. Lentuo International’s first BMW dealership will be located in affluent Gaobeidian, a city in the heart of the Beijing-Tianjin-Hebei economic triangle.
With the automobile retailer operating franchise dealerships, automobile showrooms, automobile repair shops, a car leasing company, automobile financing and a pre-owned car business that feature FAW Audi, FAW-Volkswagen, Shanghai VW, FAW Toyota, FAW Mazda, Honda, and Chang’an Mazda, sales could boom for Q4 and profits could be pocketed between now and when they announce.
Last 5 Trading Sessions:
The penny stocks of the OTC have been pretty horrendous lately so looking for big board pennies to flip makes better cents of the efforts put. Of the 10 tickers listed to watch before the opening bell, LAS stock has our attention the most.
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