3SOF

update IEAM(ILNP):

Great news for IEAM today! 

QuoteIndustrial Enterprises of America Provides Update Regarding Pending Acquisition
Monday July 10, 9:26 am ET
http://biz.yahoo.com/pz/060710/101836.html

NEW YORK, July 10, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTC BB:IEAM.OB - News), a specialty automotive aftermarket supplier, today announced that due diligence regarding its previously announced acquisition target is ongoing and the Company anticipates entering into a definitive agreement with a closing scheduled on or about July 31, 2006.

John Mazzuto, Chief Executive Officer of Industrial Enterprises of America, stated, ``Based on initial analysis this accretive acquisition, upon completion, will immediately increase our manufacturing capacity and regional distribution, growing revenues and net income during our current fiscal year. I want to reiterate that the funds for this acquisition will come from our existing capital resources without increasing the number of free trading shares or the absolute number of fully diluted shares outstanding. Subject to the consummation of the acquisition, the new earnings guidance will be $1.20 per share on a fully diluted basis.''

The acquisition target is a profitable specialty blender, packager and distributor of motor oils and related automotive aftermarket products based in the Southeastern United States with projected revenue of approximately $20 million. The purchase price of the acquisition will be based upon its current year earnings and will be on par with valuation given to previous acquisitions....

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Earnings of 1.20! = fwd PE of 6.2... IEAM has room to grow.

Look at that chart! - a great bounce off the 50ma.

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Position: bought IEAM @ 7.50 on 06/02/2006
Order: Hold
Exit: n/a
Target: n/a
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update IEAM(ILNP):

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Position: bought IEAM @ 7.50 on 06/02/2006
Order: Hold
Exit: n/a
Target: n/a
------

update IEAM(ILNP):

This undervalued stock is consolidating nicely.  Should be trading on the Nasdaq soon.  Lets see if we get a bounce off of the 50ma. 

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Position: bought IEAM @ 7.50 on 06/02/2006
Order: Hold
Exit: n/a
Target: n/a
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IEAM is touching the MM50 in a very bearish mode for me....seems that is going to break the triangle at the downside
Hope I'm wrong

I have been accumulating at these low prices in the 6.60 range. I am expecting  some upward movement soon in anticipation of both the new acquisition and the move to the  NASDAQ.

It has been holding up quite well in the recent volatile market. We shall see!

closed over the ema 9...i expect a move up soon

Last hour (after 3 AM) is very nice.
Hope, we will see something interesting in the nearest future.  IMHO

...added a bit more today...still above 13ema...bollinger bands getting tight, also above the 38% fibonacci retracement (starting from 7/27-doji).  Looks to me to have started a TL2 from 8/7, too.

Now all we need is volume!  JMHO, do you're own DD.  Comments welcome.

Update:
Despite the low volume from recent sessions, IEAM is performing a bullish overall pattern on its short term chart. Since its first correctional move in early June, IEAM is achieving consecutive lower lows, and support was found near $6.5 / $6.7, its previous resistance area.

Trading Plan:
Hold IEAM

You just get that feeling this stock is going to lift off. I am in this puppy for the long haul. NASDAQ listing on the way, 1.20 earnings estimates for 2007, with an acquisition adding 20 million a year to revenues with no increase tp outstanding shares.  Buy and be paitent with this puppy... Postive money flow into this stock. With the low float when this holding begins to move it will be in nice chunks.

CSK Auto Corp. which is in the same space  operates as a specialty retailer of automotive aftermarket parts and accessories in the United States, has eps of .65 and supporting a pe of 18.35 for a nice price at 11.47 on 8-31-06. We get that p/e with 1.20 comes to a target of 21.60. Now that makes for a nice return. Add to that the acquisition and watch out.

I apologize for getting a little excited.

We shall see!!!

aitech61 , I have similar expectations on this one...

Unless some crazy price move force us to change our plans, we're holding IEAM and looking north

Regards,

For when the listing at Nasdaq for this baby?

Quote from: Dracull on September 01, 2006, 04:35:06 AM
For when the listing at Nasdaq for this baby?

Hi Dracull,
There is no date yet, but after listening to the full Press Conference from last September 7th, they talk about that: «(...)we are still replying to questions and waiting replies, but (...) we expect that (be listed on the Nasdaq) to be accomplished in the next 6 weeks or so...». A few more interesting things about their guidance, like they are expecting to get $100M in revenues can be heard there. You can listen to the full 26 minutes of the Press Conference here: http://www.wsw.com/webcast/roth8/ieam/ (on 20m27s is where they talk about the listing).

Update:
IEAM is still performing a consolidation pattern, the ascending support line has been working, resistance should be now near $7.70, we'll be holding IEAM for now and wait for developments.

Trading Plan:
Hold IEAM

I took a starter position of 1,000 shares at 7.19 today, based on preliminary dd and listening to the Sept. 6/7 conference.  Notice the increased volume immediately after the conference.  Smart money liked with they heard; so did I. 

TA tells me IEAM is ready to run here in the next couple of weeks. 

From IR today:

- IEAM to file 4Q (year end) results w/ SEC on Sept. 30;
- NASDAQ listing in process and the assumption is that NASDAQ will allow the listing soon (within a month) after IEAM files the aforementioned results;
- pending acquisition is in process, IEAM decided to do Phase III soil testing of oil handling facility and the soil is in the environmental consultant's hands;
- there are a lot of institutional investors that have not filed disclosures yet (i.e., new institutional investors);
- insider selling (from awhile back) was because the seller bought a new house and needed cash for closing.  all other insiders' shares are locked up;
- expect a press conference within the next 2 weeks from a major gasoline company about IEAM selling products under the gas company's brand (very famous brand) nationwide.