IEAM

[eliteG]

ILNP(otcbb) - Industrial Enterprises of America Inc

Mkt Cap:                          45M
Outstanding Shares:       56M

Profile:  Industrial Enterprises of America, Inc., headquartered in New York, NY, is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, charcoal fluids, and other additives & chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels.


Fundamentals

ILNP is one of the hottest momentum plays I have ever come across period.  The chart is simply incredible and it is exploding because of this fundamental information:

Industrial Enterprises of America Releases Third Quarter Financials
Tuesday May 23, 9:22 am ET
http://biz.yahoo.com/pz/060523/99598.html

[/b]

From the CEO in the above earnings release:
"As an indication of the progress made in the last 18 months, sales have gone from zero to a forecasted $80 million, equity has gone from zero to $6.5 million, and assets have grown to $35 million. Shareholders can anticipate seeing the Company generate $80 Million in revenue in the coming fiscal year and achieve earnings of approximately $0.90 - $1.00 per share on a split-adjusted, fully diluted basis with an application to a major exchange within the next 10 business days."


1.  (.90-$1 in earnings) fwd PE at less than 9
2.  ($80million in revenue) Sales almost 2 times mkt cap
3. (to a major exchange in 10 business days) placing a date means these guys are serious

This is an incredible fundamental shift for the company.  The exchange listing is very serious and to complete it the company is set to do a 1:10 reverse stock split on June 5th(monday). This will reduce the amount of outstanding shares to 5.6million and place the price 10 times higher($8.10 at the current price).  For a company that is going to make $1 per share that is a no brainer.. and we want to be a part of the action.. when that float is compressed.  

"After reviewing our quarterly numbers with the additions of our acquisitions, this reverse split was the last remaining issue to allow us to qualify for listing on a number of major exchanges. Such a move will further assist us in the development and growth of the company by increasing our exposure and liquidity in the capital markets.''http://biz.yahoo.com/pz/060519/99455.html

Charts

5-year


2-year


6-month


5-minute


Trade Plan

ILNP will be run as a pure momentum play.  A trade like this has multibag potential and we will try to stick with it as long as we can.  The plan is to buy tomorrow morning and see how the market reacts post-split next week.  Even tomorrow it is possible to see big gains but we are holding for what we anticipate to be an explosion next week.  We will talk exits and stops over the weekend.  

We will buy ILNP in the morning on 6/2

[setravis]

Nice to see G here.....

Taken from my post on the penny stock picking board.
http://www.3stocksonfire.org/trading/index.php?topic=5866.0


T/A is pointing at upside resolution of this sideways pattern.

It seems that management wants to do something about the company and get it listed with the big guys. I am not being over optimistic but this company could be on the verge of hitting record highs

This could roll......

John Mazzuto, Chief Executive Officer of Industrial Enterprises of America, commented, "We have been focused on consolidating our manufacturing operations to maximize efficiencies and increase product margins following our acquisitions over the past year. As we have previously stated, we would only consider a reverse split to enable the Company to become listed on a major exchange. After reviewing our quarterly numbers with the additions of our acquisitions, this reverse split was the last remaining issue to allow us to qualify for listing on a number of major exchanges. Such a move will further assist us in the development and growth of the company by increasing our exposure and liquidity in the capital markets."

Technicals
Record Volume
Record Price High
Most Actives
Record Price Break Out
Percentage Gainer

Last Price Quote is:
37.67%above 13-day EMA
50.20%above 50-day EMA

[Loffigus]

So far, looking very good - about to hit a new high as I type.

I had to edit because I actually read the post and anwsered my own question....

[mexirafa]

Thank you G for bring this one to the table.

Well, I have to wrap it up for few days for a little trip to mexico, I'll be back in a week but I can't watch my position so I had to let it go. 

In this morning at .72 and out at .82 for a quick 14% profit.   

I hope you guys make lots of cash on this one$$$. See you next week,

adios,
rafael

[Loffigus]

 
Gotta love a close at HOD, nice white hammer after a big tall white, on a down friday!

[eggman11]

I would be cautious with this one.

They just signed a deal for financing which will increase the share count by 30,000,000

http://biz.yahoo.com/e/060519/ilnp.ob8-k_a.html

[realcoolhead]

My experience is that on the day a stock reverse-splits, it usually goes down ..

[echo]

I would be cautious with this one.

They just signed a deal for financing which will increase the share count by 30,000,000

http://biz.yahoo.com/e/060519/ilnp.ob8-k_a.html

I may be wrong but I think this already happened and it's factored in to the share count.

[gmarc66]

This just came out a/h today, new symbol on Monday.

Friday, June 02 2006 4:05 PM, EST

Industrial Enterprises of America Announces New Ticker Symbol -- IEAM
>NEW YORK, June 2, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTCBB:ILNP) today announced that effective Monday, June 5, 2006, the Company will begin trading under the new ticker symbol (OTCBB:IEAM). This ticker symbol was changed by Nasdaq due to the required change of the Company's common stock CUSIP number following the recently announced reverse stock split, also effective on Monday, June 5, 2006.

The new CUSIP number for Industrial Enterprises of America's common stock will be 456132 20 8. Shareholders may exchange their current stock certificates for newly issued shares reflecting the symbol change, new CUSIP number and the post-split adjusted number of shares, but are not required or obligated to do so.

About Industrial Enterprises of America, Inc.

Industrial Enterprises of America, Inc., headquartered in New York, N.Y., is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels.

CONTACT: Industrial Enterprises of America, Inc.

Investors and Public Relations:

David Zazoff

(212) 505-5976

[email protected]

[alien41]

I recommend that anyone with questions in regards to the company listen to the conference call which occured on May 24, 2006.  It can be found at www.investorcalendar.com.  The CEO John Mazzuto discusses several issues some of which can be found in the press releases.  The call is 25 minutes long.

GLTA....Alien

[voova99]

I don't find any info about the company. They don't have site 

Meantime, like G said "pure momentum play"

[alien41]

FYI 2 of the 3 companies that ILNP acquired do have web sites. 

Unified Industries (http://www.unifide.com)
Pitt Penn Oil Co.  (http://www.pittpenn.com)

Alien

[voova99]

Thanks Alien

[eliteG]

This just came out a/h today, new symbol on Monday.

Friday, June 02 2006 4:05 PM, EST

Industrial Enterprises of America Announces New Ticker Symbol -- IEAM
>NEW YORK, June 2, 2006 (PRIMEZONE) -- Industrial Enterprises of America, Inc. (OTCBB:ILNP) today announced that effective Monday, June 5, 2006, the Company will begin trading under the new ticker symbol (OTCBB:IEAM). This ticker symbol was changed by Nasdaq due to the required change of the Company's common stock CUSIP number following the recently announced reverse stock split, also effective on Monday, June 5, 2006.

The new CUSIP number for Industrial Enterprises of America's common stock will be 456132 20 8. Shareholders may exchange their current stock certificates for newly issued shares reflecting the symbol change, new CUSIP number and the post-split adjusted number of shares, but are not required or obligated to do so.

About Industrial Enterprises of America, Inc.

Industrial Enterprises of America, Inc., headquartered in New York, N.Y., is an automotive aftermarket supplier that specializes in the sale of anti-freeze, auto fluids, charcoal fluids, and other additives and chemicals. The company has distinct proprietary brands that collectively serve the retail, professional, and discount automotive aftermarket channels.

CONTACT: Industrial Enterprises of America, Inc.

Investors and Public Relations:

David Zazoff

(212) 505-5976

[email protected]

Thank you for the news link Julia  ... a 4 letter symbol change.. hmm that might mean they are going for a nasdaq listing?  That might be great news! 

FYI 2 of the 3 companies that ILNP acquired do have web sites. 

Unified Industries (http://www.unifide.com)
Pitt Penn Oil Co.  (http://www.pittpenn.com)

Alien

Thx for the links Alien. 

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update ILNP:

We had a great day on Friday!  With price retreating early for our buy and then climbing strong to close the day at the high on great volume... This week could be huge for ILNP.  The reverse-split will become active and new symbol IEAM will take effect.  This momentum should run hard into the anticipated exchange listing.. the chart is clear for a dramatic rise so we wont limit this with a target at this time.

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Position: bought ILNP @ 0.75 on 06/02/2006
Order: Hold
Exit: n/a
Target: n/a
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[voova99]

Can't trade this one 

May be the split is a reason .