3SOF

Here's why ANGN may provide an excellent short term trading opportunity:

1) Market cap is just $14.98M, with just 3.61M shares outstanding.
2) Revenues in 2005 were $23.8M, and this is a Medical Instruments and Supplies company. Its industry has an average price to sales ratio of 4.03, where as ANGN's price to sales ratio is 0.63.
3) Revenues have been growing, from $13M in 2002, to $18M in 2003, to $20M in 2004 and now $23.8M in 2005.
4) After this revenue growth and not so much cost increase, the company announced yesterday its first ever profitable quarter, with $0.08 in EPS. There is reason to believe the previous trend will continue and profits will be maintained and grow from this point.
5) The current ratio is 3.44, so the company's balance sheet seems healthy.

If ANGN breaks $4.63 on the upside, as I think it will, I believe ANGN can easily double from current levels over the short term.

I'll buy ANGN for the 3 Stocks on Fire Portfolio around today's open.

Angeion Corporation Reports Fourth Quarter Profit and Third Consecutive Year of Double-Digit Revenue Growth
Monday , January 09, 2006 17:39 ET

SAINT PAUL, Minn., Jan 09, 2006 /PRNewswire-FirstCall via COMTEX/ -- Angeion Corporation (Nasdaq: ANGN) today reported results for its fourth quarter ended October 31, 2005. Total revenue increased by 10.7 percent to $6.7 million for the three months ended October 31, 2005 compared to $6.0 million for the same period in 2004. Net income for the three months ended October 31, 2005 was $298,000, or $0.08 per share, compared to a net loss of $203,000, or $0.06 per share, for the same period in 2004. Net income for the three months ended October 31, 2005 included a $38,000 loss from discontinued operations while the net loss for the three months ended October 31, 2004 included a $551,000 loss from discontinued operations.

For the year ended October 31, 2005, total revenue increased 14.9 percent to $23.8 million from $20.7 million for the same period in 2004. The net loss for the year ended October 31, 2005 was $919,000, or $0.25 per share, compared to a net loss of $2.3 million, or $0.64 per share, for the same period in 2004. The net losses for the years ended October 31, 2005 and 2004 included losses from discontinued operations of $229,000 and $901,000, respectively. Overall increases in operating expenses for the year reflect planned investments in personnel and marketing programs to support growth in all of the Company's products.

"We are pleased with our fourth quarter performance; it is representative of a continuation of our trend of year-over-year revenue growth. The fourth quarter 2005 was our sixth consecutive quarter of double-digit year-over-year revenue growth," commented Rodney A. Young, President & Chief Executive Officer of Angeion Corporation. "The success of this most recently completed quarter can be directly attributed to our increased field sales efforts targeted toward generating hospital and physician's office sales of our cardiorespiratory diagnostic products. In addition to notable hospital and physician's office sales, the growing awareness and acceptance of our New Leaf products sold into health and fitness clubs demonstrated significant growth," stated Young.

"Fiscal year 2005 was an important year for both cardiorespiratory diagnostic and New Leaf products," continued Young. "We successfully implemented several strategic initiatives in our fiscal year 2005 resulting in the following noteworthy achievements:

-- Our cardiorespiratory diagnostic product sales grew by more than three
       times the growth rate of the hospital and physician's office markets;
    -- We successfully launched five new cardiorespiratory diagnostic
       products, including the new Ultima Series;
    -- We expanded our penetration in the physician's office market with our
       Ultima Series products;
    -- New Leaf products sales grew significantly as we expanded into new
       health and fitness clubs in the United States and added distribution in
       Canada and the United Kingdom;
    -- The number of clients purchasing the New Leaf Personal Active Metabolic
       Assessment, a meaningful indicator, more than tripled over 2004 levels;
       and
    -- In June 2005, we settled the legal dispute with ELA Medical.  Although
       we are continuing our claim against our insurance carrier, we have
       significantly limited our legal expenses going forward."

Young went on to state that Angeion's corporate business goals for 2006 included:

-- A fourth consecutive year of double-digit year-over-year revenue
       growth;
    -- Introduction of new cardiorespiratory diagnostic products;
    -- Continuation of the expansion of our domestic and international sites
       offering New Leaf Active Metabolic Assessments;
    -- Expansion of the New Leaf products for weight management, exercise and
       athletic performance;
    -- Continuation of efforts to recover the ELA Medical settlement costs and
       related expenses from the insurance carrier; and
    -- A drive toward achieving and sustaining profitability.

A detailed discussion of the Company's financial position and results of operations is contained in the Company's Form 10-KSB for the year ended October 31, 2005 and Forms 10-QSB for the quarters ended January 31, 2005, April 30, 2005 and July 31, 2005.

Hi,

i will be just a litte careful with ANGN when we draw his technical profile...Indeed, we can see on chart a double bottom pattern and price has reached his theoric target at about 4.10...Moreover, indicators like RSI shows us pric is overbought...So i am confident on this stock for short-long term period (fundamentals) but i prefer to buy on a pullback. Perhaps i am wrong !

Have a good day and good trades.

I've been studying ANGN for the past 2 hours and it really looks like a nice stock to hold for the long term at this point. I still can't explain howcome the market cap is so low, just $14.33M, but no doubt it is.

I see no outstanding options problem, no litigation problem (there was, but it's solved now), no liquidity problem. I wonder if the following has anything to do with such low valuation on ANGN:

«By approving the Plan on October 24, 2002, the Bankruptcy Court also approved the Company's Amended and Restated Articles of Incorporation (the "Articles of Incorporation") and Amended and Restated Bylaws (the "Bylaws").  The Articles of Incorporation granted the Creditors' Committee, formed under that Plan of Reorganization (the "Creditors' Committee") the right to designate four directors at any time.  By its terms, this right terminated on the earlier of: (i) January 1, 2006 or (ii) the date on which the former holders of the Company's 7½% Senior Convertible Notes due April 2003 collectively owned less than forty percent of the outstanding shares of common stock.  Until this right terminated, the Company was required to have at least one director serving as a Designee of the Creditors' Committee.  In addition, the Company was limited from engaging in certain transactions without the approval of the Designee.  The Designee of the Creditors' Committee was Jeffrey T. Schmitz.  The right of the Creditors' Committee expired on January 1, 2006.  Mr. Schmitz resigned as a director of the Company on January 5, 2006.

«In addition, under the Bylaws, for a period of three years after the end of the fiscal year in which the Plan was confirmed or until November 1, 2005, no purchase of the Company's common stock could be made by any beneficial owner of 5% or greater of the Company's common stock (or any person who would become a 5% or greater owner as a result of the purchase), unless the transfer was approved in advance by the Company's Board of Directors.  Further, each person that was a beneficial owner of 5% or greater of the Company's common stock immediately following confirmation of the Plan was prohibited from transferring more then 60% of the holder's common stock during the two-year period after confirmation, unless the transfer was approved in advance by the Board of Directors. Both of these limitations on the purchase and sale of the Company's common stock have expired.»

Nobody could own more than 5% of the company without their consent? Anyway, this thing has just expired ... it can be the explanation for a very low valuation on ANGN.

I like the sector the company is in, especially the New Leaf products, which seem to be selling very well.

The company expects 2006 to be a profitable year (its very first), and probably there won't be any dilution to EPS, as the company's balance sheet and cash position is quite strong.

I'm used to see many penny stocks with a larger market cap than ANGN and with absolute corrupt business models, many times without any revenues. ANGN had $23.8M in revenues in 2005 and it shows double digit revenue growth for 3 years now.

Perhaps it is a liquidity issue, average volume is very low on this stock. It can dry down to almost nothing. But one thing is for certain: ANGN is extremely undervalued here, with just $14.3M in market cap.

It wouldn't shock me to see the stock double in a week or so. If we surpass that $4.63 resistance level it is all blue skies.

We'll see, for now I'm not worried about today's small decline, probably it is just that pausing day before the bulls charge again.

fyi:
ANGN: Volume Spike; 20% > 20-adsv, Stock +1.20%
Wednesday, January 11, 2006 10:40 ET

This is the 3rd VOLUME alert for ANGN in the past 7 calendar days.

Trading for Angeion Corporation (NASDAQ SC: ANGN) has been heavier than usual in today's session. By 10:40 ET, the stock had already traded 81,000 shares via 91 trades. The cumulative volume is 20.13% above its 20-day average of 67,429. Normally the stock experiences around 55 individual trades per session.

So far, today's volume surge has caused a net rise in ANGN's stock price. At the time of this alert, the stock was trading at $4.200, up $0.050 (+1.20%).

One year ago, the Company's shares closed at $2.000. The price has gained more than 110 percent since then.

Over the last 10 trading session ANGN has traded in a range between $2.550 and $4.630 and is currently trading 9.29% below its 52-week high of $4.630 set on January 10,2006 and 172.73% above its 52-week low of $1.540 from January 27,2005.

In the previous 3 sessions, ANGN trading has displayed a positive trend. Closing results have been as follows:

January 10, 2006 --- closed at $4.150 up $1.140 (+37.87%) on 1,115,900 shares
January 09, 2006 --- closed at $3.010 up $0.300 (+11.07%) on 68,480 shares
January 06, 2006 --- closed at $2.710 up $0.020 (+0.74%) on 5,900 shares

QuotePerhaps it is a liquidity issue, average volume is very low on this stock. It can dry down to almost nothing. But one thing is for certain: ANGN is extremely undervalued here, with just $14.3M in market cap.

Yes, volume is very low on this stock. But that doesn't mean it won't rise a lot from the current price. I bet if the stock breaks $4.63 on the upside every day trader will show up to trade this microscopic cap with attractive fundamentals.

I'll continue holding ANGN whatever happens.

fyi:
PENN JOHN C (Director) bought 2000 shares ANGN
at an average price of 4.16 on 2006-01-13. The total value of the trade is $8320.

http://www.secform4.com/insider/showhistory.php?cik=angn

Friday 13, 2006

Angeion Corp. (ANGN) Financials EDGAR Online


Good results.............. improving........................ 

Quote from: la-onda on January 15, 2006, 03:35:18 PM
fyi:
PENN JOHN C (Director) bought 2000 shares ANGN
at an average price of 4.16 on 2006-01-13. The total value of the trade is $8320.

http://www.secform4.com/insider/showhistory.php?cik=angn

Those are good news la-onda, an insider buying the stock after such great run up means he believes it will go even higher short term (I also believe this).

Quote from: Jimbo on January 15, 2006, 10:22:56 PM
Friday 13, 2006

Angeion Corp. (ANGN) Financials EDGAR Online


Good results.............. improving........................ 

Yes Jimbo, but those are old news ... perhaps not many people noticed those results and the market still needs to reflect those on the company's valuation, which is extremely low at this point.

I don't know if there is any Nasdaq stock with a lower market cap than ANGN, anybody knows?

I think the stock is setting the stage for a powerful jump above $4.63 for a big spike up (volume was higher on Friday that on Thursday). I'll continue holding ANGN.

Hi David,

As mentioned in one of the other threads this is a great pick! Funny it hasn't caught the interest of the 3 SOF community but I guess that is only a matter of time.

This is a great turn-around story that will trade much higher when the broader market "discovers" the value.

Mike

Quote from: Michael on January 23, 2006, 10:10:38 AM
Hi David,

As mentioned in one of the other threads this is a great pick! Funny it hasn't caught the interest of the 3 SOF community but I guess that is only a matter of time.

This is a great turn-around story that will trade much higher when the broader market "discovers" the value.

Mike

Yes Michael, without a doubt ANGN is a jewel waiting to be found by the investor community. I bet that if the stock breaks $4.60 on close with volume above average people will finally notice it. It is just a matter of time ...

This stock's daily volume is too low to buy any meaningful amount of shares.

If I buy $29,000 worth of this stock, it is about 7k shares and this may push the stock much higher.

Also, if I sell it later, that may push down the stock price.

Quote from: shawFund on January 24, 2006, 01:23:06 PM
This stock's daily volume is too low to buy any meaningful amount of shares.

I did not buy it for this very reason.

David,

Does the lack of volume concern you?  I've noticed that many great stocks often remained unnoticed and so remain undervalued.

Thanks,
Gary

Quote from: shawFund on January 24, 2006, 01:23:06 PM
This stock's daily volume is too low to buy any meaningful amount of shares.

If I buy $29,000 worth of this stock, it is about 7k shares and this may push the stock much higher.

Also, if I sell it later, that may push down the stock price.

shawFund,

if you were to buy / sell when there is a lack of volume why don't you do it in small blocks instead..........

In that case you will not push the price too much up or down. Of course  you will have to pay more commissions but if you believe the stock is going higher they will be well paid later  


Good luck.