BTJ

[Terliso]

BUSINESS SUMMARY:  


Bolt Technology Corporation and its subsidiaries engage in the development, manufacture, and sale of seismic energy sources used in the offshore seismic exploration for oil and gas worldwide. It operates in two segments, Geophysical Equipment and Industrial Products. Geophysical Equipment segment develops, manufactures, and sells marine seismic energy sources and underwater electrical connectors and cables, air gun signature hydrophones, and pressure transducers used by the marine seismic industry. Industrial Products segment develops, manufactures, and sells miniature industrial clutches, brakes, and subfractional horsepower electric motors. These products are used in various applications, including air conditioning systems, valve timers, vending machines, point of purchase displays, and business machines. The company primarily sells its products to marine seismic exploration contractors and original equipment manufacturers. The company was founded in 1962 and is based in Norwalk, Connecticut.


what do  you guys think?  more uptrend...

[Terliso]

A White Closing Marubozu ALL-TIME high $13.60

[Terliso]

I hope you did not miss out the Rocket yesterday & today.... website is down yesterday unable to post BTJ...  i feel some pullback is on the way

anyway happy trading!!

[la-onda]

nice recovery yesterday

[la-onda]

fyi:
Bet on Bolt: Seismic Oil Exploration     
Thursday, 05 October 2006

"Because of its ability to map subsurface structures in vivid detail, reflective seismic exploration has become the preferred method to uncover hydrocarbon deposits," says Ian Wyatt. 
Here, in his Rising Stock Stars - a top-notch service specializing in niche-oriented, high-growth stocks -  he looks at Bolt Technology, a leading in marine seismic exploration.

"A leader in products used for marine seismic exploration for oil and gas is Bolt Technology (BTJ NYSE), a recent addition to our model portfolio. Since 1963 when the company invented the Marine Air Gun, the firm has led the way in designing and manufacturing seismic energy sources.

"Air guns are used to create waves that travel through water and penetrate the different layers of earth.  Like a chain of fishing lines, sixty to seventy air guns are arranged in arrays and towed by seismic exploration vessels. The reflected data is collected and used to create 3-D visualizations of the underlying rock formations.
"As advanced as the system above sounds, it is capable of even more detail by adding the element of time, making it a 4-D system. These 4-D applications are generally used to optimize the extraction of existing wells over the life of the wells.
"Bolt's customers for geophysical equipment are worldwide marine seismic exploration contractors that operate seismic vessels to collect seismic data based on their customers' specifications or for their own seismic data libraries, and foreign national oil and gas companies such as BP.
"As known and easily accessible reserves are depleted, oil exploration and production companies are forced to find new untapped resources in further away and hard to reach locations. Fortunately, modern seismology allows us to venture even into deeper waters to uncover much needed oil and gas reserves.
"Bolt Technology's growth is impressive; during fiscal year 2006 ending June 30, sales increased 73% to $32.6 million and net income for the year increased 192% to $4.8 million or $0.86 per diluted share. And the coming year looks bright too.

"Although the firm doesn't provide guidance, we believe 45% to be a fair estimate of revenue growth the firm will see in the coming year.  Applying a 45% growth rate, we estimate earnings of $1.22 per share.

"As a result of the company's outstanding history of rapid growth and our bullish outlook on the industry and company's financial performance in the year to come, we believe shares should trade at a multiple of 20 times fiscal 2007 earnings. 
We are initiating coverage with a target of $24.50."

link:
http://www.thestockadvisors.com/index.php?option=com_content&task=view&id=448&Itemid=33

[la-onda]

please don´t ask me why I didn´t bought BTJ 

Bolt Technology Reports First Quarter Results; Record Sales and Earnings Continue
Tuesday October 24, 8:00 am ET

NORWALK, Conn.--(BUSINESS WIRE)--Bolt Technology Corporation (AMEX:BTJ - News) today announced financial results for the first quarter of fiscal year 2007, the three months ended September 30, 2006.

Sales for the first quarter of fiscal 2007 increased 25% to $10,001,000 compared to $7,994,000 in last year's first quarter and net income increased 96% to $2,002,000 or $0.35 per diluted share compared to $1,020,000 or $0.18 per diluted share last year.

Raymond M. Soto, Bolt's chairman, president and CEO, commented, "We are pleased that the historical highs that we reported for our fiscal year ended June 30, 2006 have continued in our first quarter of fiscal 2007. Sales, income before income taxes and net income for the three months ended September 30, 2006 are all quarterly records for our Company. Although recent oil prices have declined somewhat from their record highs of a few months ago, we continue to experience strong incoming orders, requests for quotations and general customer inquiries. Accordingly, we continue to believe that fiscal 2007 should be another strong year for our Company."

Bolt Technology Corporation is a leading worldwide developer and manufacturer of seismic energy sources and underwater connectors used in offshore seismic exploration for oil and gas. Bolt also designs, manufactures and sells precision miniature industrial clutches, brakes and electric motors.
......

[la-onda]

could be a nice oil play if oli price will bouncing back from 48 to 50 $ range IMO


BTJ fact link:
http://www.bolt-technology.com/Investor_Information.htm

[BigSully1]

Break out from a 7 week base

http://stockcharts.com/h-sc/ui?s=BTJ&p=D&b=5&g=0&id=p84906220130

[BigSully1]

On the move again, on  strong volume.

http://stockcharts.com/h-sc/ui?s=BTJ&p=D&b=5&g=0&id=p84906220130

[BigSully1]

update. By the way, the former BTJ is now BOLT.