OurPet’s Company (OPCO) Is Gaining In More Ways Than One

It may be a dog day on the OTC, but the penny stock of OurPet’s Company (OPCO) is not shedding a bit as it continued it’s path toward $1. Announcing record breaking revenues and net income for Q3 in advance of their SEC filing, OPCO stock could have been had in the mid 50’s just a few trading sessions ago. With solid, steady progress and a chance to position themselves for even greater improvements across their business model in Q4 and 2014, there are no bones about seeing those kind of achievements, especially with such a small float.

Note: OPCO stock was trading at 0.86 when we sent out our tweet a 11:24AM and quickly ran to as high as $2.49, a better gain than anything out there today.

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OPCO Stock Quote

Market Cap: 17.21M
Last: 1.15 ▲ +0.37 (+47.44%)
Volume: 114,523
Dollar Volume: $132,783
Open: 0.84
High: 2.49
Low: 0.77
Trades:  51
Authorized: 50,000,000
Issued and Outstanding: 16,237,635
14-Day Rel Strength: 90.89%
1st Resistance Point: 0.9333
1st Support Level: 0.8083

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OurPet’s Company literally threw a bone at their shareholders today when they reported that net revenue increased 34% to $5,737,568 and net income increased to $339,261 for the 3 months ended September 30, 2013 compared to a net loss of $130,097 for Q3, 2012. The figure puts $15,526,715 in the revenue column for the company ($9,789,147 for the first 6 months of the year plus $5,737,568 for Q3), making them capable of surpassing 2012 ($20,160,751) and 2011 ($19,667,134) year end totals.

Another bird in the hand OurPet’s has is that they recently filed a patent infringement lawsuit against Go Fetch LLC and Wazir Chand Handicrafts based in India alleging the two engaged in conduct that infringed on the company’s issued patent No. 8,286,589 which covers pet feeder and water bowls and sold by OurPet’s under the Durapet® label. Having successfully defended this patent before, this could mean additional money at some point in the near future.

One very notable feat which OurPet’s pulled of in Q2 was the reduction of their total liabilities by just over 550,000 from $6,004,963 at the start of the year to $5,459,363 as of June 30, 2013. Sounds like a puppy bark of an improvement, but total liabilities as of December 31, 2011 were $7,183,020 so it’s a big bite in managing their debt correctly while growing sales by around $1 million a year.

Dr. Steven Tsengas, Chairman and CEO of the company, pointed out in today’s announcement that:

“During the first nine months of 2013, we further strengthened our balance sheet through substantial reductions in long-term debt and a solid increase in stockholders’ equity. As we look toward 2014, our performance is expected to be driven through growth in our base business and further expansion of core product lines including the launch of new innovative products that will be industry trendsetters.”

With positive net income and roughly $17 million to buy them out as it stands right now, why OPCO stock isn’t a target is beyond our imagination. However, as they close in on levels which OPCO stock hasn’t seen since Q1, 2011, the unleashing of this mini beast is sure to grab the attention of the deeper pocketed investors.

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About OPCO Stock

OurPet’s Company develops and markets products for improving the health, safety, comfort, and enjoyment of pets by offering approximately 1,000 products for dogs, cats, and domestic and wild birds.

Click here to view the SEC filings for OPCO.
Click here to view the website for OurPets.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
10/30/13 0.8400 2.4900 0.7700 1.1500 +0.3700 +47.44% 114,523
10/29/13 0.6610 0.7900 0.6610 0.7800 +0.1300 +20.00% 77,000
10/28/13 0.6500 0.6500 0.6500 0.6500 +0.0500 +8.33% 200
10/25/13 0.6000 0.6500 0.6000 0.6000 +0.0100 +1.69% 9,400
10/24/13 0.5700 0.5900 0.5550 0.5900 +0.0200 +3.51% 73,400


Bottom Line:

A dog day it may be, but OPCO is looking like an unstoppable penny stock at this point. With $1 not so far off, more consistent trading sessions could lead to a day when the big dogs on the porch with OPCO shares are leading the pack of chasers who are late for the party.

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