3SOF

Quote from: DragonAMG on August 16, 2007, 02:17:28 PM
When will earnings be announced?

They were announced in August the 7th DragonAMG, or are you talking about the 3rd quarter calendar earnings? I guess they'll be published at about the 1st half of November.

I see ICOC trading at 11 times earnings, while it grew revenues by 38% from the year ago levels. EPS increased 43%. I consider this very attractive from a fundamental standpoint and I'll keep holding ICOC, despite the short term adversity.

ICOC started Friday very well, but fizzled towards the close of the session.

Resin prices continue to go up, powered by external demand (outside of the US), which rose 31% from the year ago level (while US demand fell 1.8%).

This is telling me the seasonally soft 3rd quarter won't be as soft as in the past and perhaps it won't be soft at all for ICOC. If this is the case we may be looking at $0.8 EPS for ICOC for the full year of 2007.

Longer term I enjoy the company's growth plans, opening a new factory in Dubai and Malaysia. I'll continue holding ICOC.

ICOC starts the day well, but then it has been turning south as we approach the closing bell. I think this is all part of a major consolidation process, but then the stock trades higher in accordance with the general market.

I'll keep holding ICOC.

At last, a positive day for ICOC, rising 3.06% to $9.09. It was just a small step, but one in the right direction.

ICOC's revenues have been growing steadily since 2001:



Operating margin also improved a lot and in fiscal Q3 2007 (the April-June quarter) it was the highest ever:

«Operating income margins improved to an all-time record of 7.9%, compared to 7.2% last year.»

However, net income was lower than in the previous quarter because of a much higher tax rate:



I see ICOC as undervalued and will keep holding it.

Almost 9% rise so far today. Any particular news  

It would be great if it can close over the 13ema

Quote from: jorgegr on August 22, 2007, 10:10:18 AM
Almost 9% rise so far today. Any particular news  

No news out, the stock was undervalued, period.

Quote from: jorgegr on August 22, 2007, 10:16:32 AM
It would be great if it can close over the 13ema

You asked for it, and you got it jorgegr

I put the 13 days Exponential Moving Average on the chart below (green line).

ICOC is our long term bet on the World's manufacturing and industrialization growth. The stock is trading at about 13 times earnings now. I'll keep holding ICOC.

David:

You asked for it, and you got it jorgegr Smiley


Wish I could be so convincing with all my holdings 

Quote from: jorgegr on August 23, 2007, 10:47:07 AM
David:

You asked for it, and you got it jorgegr Smiley


Wish I could be so convincing with all my holdings 

Yeah, that would be nice

ICOC had a small setback yesterday, when compared to the previous day's advance. Perhaps we're not yet set to make a bullish advance phase to new all time highs, but I'm not worried about how long it takes to happen, but if it will indeed happen. Looking at the fundamental trends and the relative undervaluation of the stock, my belief is, sooner or later, it will happen.

Here's a quick update for ICOC:
Friday was nice session for ICOC, which is now approaching the short term descending resistance ($11.20). Volatility during the past weeks has been insane and quite difficult to analyze from a TA approach, which unfortunately happens a lot during extreme market conditions. Anyway, the main technical references for this Bull chart remains intact, even during the worst part of the market slump, ICOC had never broken its mid-term ascending support line (now @ $8.70) neither the ema-200.

Portfolio Instructions:
Hold ICOC

Best regards,

Chart Update:
Nothing new, ICOC closed slightly positive getting a little bit closer to the descending resistance.

Portfolio Instructions:
Hold ICOC

Regards,

Chart update:
ICOC is almost touching the descending resistance line now; a breakout can quickly put ICOC into new highs.

Portfolio Instructions:
Hold ICOC

Regards,

Chart update:
Interesting breakout here Even with the market closing slightly negative, ICOC manage to breakout its short term descending resistance.  If the stock manage to stay above $11 today, we may have the right setup for reaching new highs soon.

Portfolio Instructions:
Hold ICOC

Quote from: Ramsburg on August 31, 2007, 08:51:34 AM
Chart update:
Interesting breakout here Even with the market closing slightly negative, ICOC manage to breakout its short term descending resistance.  If the stock manage to stay above $11 today, we may have the right setup for reaching new highs soon.

Portfolio Instructions:
Hold ICOC

Yeah, ICOC has been doing well, even while there was some insider selling from the part of Jon Biro, the company's CFO. This is a good sign.

Resin prices eased a bit over the past week, as you can read here, under Polyethylene.

Fundamentally I see ICOC trading at about 14 times earnings, while the Synthetics industry trades at roughly 21 times earnings, so it looks undervalued.

I've held ICOC through all the July/August consolidation phase, I certainly ain't going to sell now that the bullish trend is resuming. I'll keep holding ICOC. 

Go ICOC go