OFI

[saffeysite1]

Low volume, but has great fundamentals.  Put on the radar.

-Saffeysite1

[saffeysite1]

I put this stock up before on alert list.  Today had triple volume.  It's starting to see activity.  I have been slowly accumulating this stock, I know it's a winner, just waiting to get discovered.  It has strong earinings and way undervalued.   But again that's just one mans opinion.

[saffeysite1]

Anyone get in on this.  Big ups today.  Triple volume and broke to $3 today and retracted a little.  I like it.  The prodigal son comes home!

[saffeysite1]

New high today @3.65.  On a down day!! getting stronger. 

[badesrini]

I wanted to Buy this as i was also holding GKIS ! but put my money in other basket USU.

I will buy it tomorrow for sure. It looks on a journey to the north pole.

[saffeysite1]

I think that this is a good stock to put in your portfolio for a rainy day.  Not big on volume, but it has low float and moves.  perhaps a good time to get in on a pullback here.

This stock est. to be around $8 by years out with proj. earnings.

Today on MSN it was on the list of big stock winners of 05 that you should have in your portfolio.

I bought the stock when it was just a wee bit thing at $2.  sold at $3.80.  Looking to buy back in soon.

[rocket8]

a writer from the street.com picked it to double from $3.55

another stock this writer predicted to double was NWD which did double.

i shall find u the link:

http://www.thestreet.com/_tscs/funds/supermodels/10237506.html

[setravis]

"OFI" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                     
All history on a stock pick in 1 thread is awesome.                    
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$     


Friday's closing chart....... "Happy New Year" !

 

[kslifka]

This one looking good today.

Announced new deal with 43 million in sales expected.


LOS ANGELES, CA--(MARKET WIRE)--Jan 25, 2007 -- Overhill Farms, Inc. (AMEX:OFI - News) announced today that it has signed a three-year agreement to produce meals for a major national food brand. The agreement is expected to generate sales of approximately $43 million during the first year. Production began in January and is scheduled to build steadily over the coming months.

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"With this new agreement, and other new business and customer initiatives," said Chairman and CEO James Rudis, "Overhill Farms is on track to reach an annual revenue run rate of over $200 million by the third quarter of this fiscal year." The company reported revenues of $168.3 million for the fiscal year ended October 1, 2006.

Overhill Farms also announced that it plans to produce 24 new private label food items being introduced by a major West Coast grocery chain that is a current Overhill Farms customer. Production is scheduled to begin in February. This is the largest launch, in terms of number of products, ever undertaken by Overhill Farms for a single customer.

In addition, two new retail customers have awarded Overhill Farms contracts for private label products, the company said. Manufacturing has already begun. The company believes these new customers may develop into strong mid-sized accounts.

Overhill Farms also provided a more positive estimate of the impact of a previously announced plan by an existing customer to diversify its sources of supply by transferring $20 million in production volume to another vendor. Overhill Farms has been informed that the transition of production to the new vendor has not proceeded as anticipated. As a result, Overhill Farms does not anticipate any revenue reduction from this customer until after April 30, 2007. If the transition occurs on April 30, the result would be an estimated decrease in sales to this customer of approximately $10 million during this fiscal year, rather than the estimated $20 million previously announced. Should the transition occur after April 30, the reduction in revenues would be commensurately smaller.

Commenting on the new production agreements awarded to Overhill Farms, Mr. Rudis said, "Once again we have obtained significant new business by combining competitive pricing with our strong capabilities in product development, volume production, and quality control. We are proud that these customers, after careful review, selected Overhill Farms as their supplier rather than selecting any of our competitors." Under terms of the agreements, he noted, Overhill Farms cannot disclose the names of the new customers.

Mr. Rudis added, "While the pricing on some of the new products is very competitive, we expect significant improvement in operating profit and net income as this new business develops. We also continue to pursue new accounts, particularly in the retail and food service segments, and we maintain our focus on cost control."

[kslifka]

Nice close.

[kslifka]

Looking good here intra-day.  Get some more volume to push OFI above 5.50

[kslifka]

OFI...If you haven't bought yet...fundamentals are sound and a good "buy-in" possibility coming around the corner when the 9ema catches up with the price. 

Consolidation mode right now.

Boy am I lame at home on Cold Friday night posting about stocks

[kslifka]

Another move today....and It's running away from the 9ema which is always a good sigh.

[kslifka]

Another move today....and It's running away from the 9ema which is always a good sigh.

Chart

[ramlau]

A classic low float high growth story. Won't be surprised if it doubles in the next few weeks.

Ram