ICOC

[Garoh]

This one must close above $9.50 or it will be in a serious trouble 

The market is making everyone confused !!

[jorgegr]

150,000 shares from one seller ....Why ? 

I think this sale changed the trend which was made just a few days before tomorrow's conference. The chart was badly damaged additionally by the market's trend.
I do hope it closes above 9.50 and wish those still holding thru earnings good luck.

[Garoh]

150,000 shares from one seller ....Why ? 

I think this sale changed the trend which was made just a few days before tomorrow's conference. The chart was badly damaged additionally by the market's trend.
I do hope it closes above 9.50 and wish those still holding thru earnings good luck.

closing below 9.50 today will make me kick it out of my portfolio 

[jorgegr]

Hey, Garoh

She does'nt want to let you go, maybe will close around 9.50 after all 

[Garoh]

Hey, Garoh

She does'nt want to let you go, maybe will close around 9.50 after all 

jorgegr maybe she fell in love with me 

But there's someone wants her to leave by force ..... he's offering 14000 shares at 9.50 

[David Randolph]

ICOC will release 3rd quarter earnings before tomorrow's open, so today is the last day to sell before earnings. I expect results to be very strong and since most people were already shaken out of the stock, it will probably have a nice pop on the news, even if it's just short covering.

So I'll hold ICOC through earnings.

[kenmann]

Third quarter results

http://biz.yahoo.com/prnews/070807/latu237.html?.v=1

[soxguy]

It looks good. David,can you interpret the news about the dividend? Thanx.

[Garoh]

David

What's this ??

Thursday , July 05, 2007 15:30ET

According to the NASDAQ Dividend List, ICO, Inc. (NasdaqNM: ICOCZ) are expected to go ex-dividend on July 06, 2007. This $0.421875 cash dividend was originally declared on May 02, 2007.

  DECL-DATE          X-DATE        REC-DATE        PAY-DATE
-----------     -----------     -----------     -----------
05/02/2007      07/06/2007      06/22/2007      07/02/2007

AMOUNT:    $0.421875 cash (USD)
FREQUENCY: N/A
CHANGE:    N/A

David Do you remember this ?
Do you think it had any effect on the share price ??
Because I see a week after the paying date which July 2 , the stock started to turn from bullish to bearish 

[David Randolph]

It looks good. David,can you interpret the news about the dividend? Thanx.

Sure. The dividend part is:



No surprises here. Previously there were 1,290,000 Depositary Shares, now there are 194,147 Depositary Shares. The company still has to pay 194,147*$6.33 = $1,228,921 of dividends in arrears, which is no big deal for a $248 M market cap company. I guess the company's intention of declaring dividends or buying back shares in the future may help.

As for the overall results, revenues were much stronger than expected, since analysts covering the stock were expecting revenue for the June quarter to be $94.35 M and actual revenue number was $113.38 M.

EPS was also better than expected, at $0.20, while analysts were expecting $0.16.

EPS in this quarter was lower than in the previous quarter because of a much higher tax rate (but that was to be expected) and because in the previous quarter discontinued operations contributed with $0.05 EPS per diluted share to the $0.25 EPS number.

ICOC's numbers were better than what I'm expecting in the valuation model. I acknowledge the seasonally strong part of the year is behind us, but all market moving investors know about seasonality so there's nothing to profit from it.

Overall I'm pleased with the results which were better than what analysts expected and better than my own projections (I'll compare every number with what I have in my valuation model over the upcoming update).

I expect ICOC to start moving higher again and eventually in 2007 breakout to new highs above $12, on its was to $16 or more. I'll hold ICOC.

[berloga]

Aren't you happy, Garoh, that you haven't sold?!  I hope in time we'll be able to say the same about NVTL.

[BigSully1]

What happened just before the close? Was up to 11.50 just before.

[berloga]

Looks like someone tried to sell 60,000 shares the last minute on a low float. Should go back up tomorrow.

[BigSully1]

Looks like someone tried to sell 60,000 shares the last minute on a low float. Should go back up tomorrow.

Was the correct closing price 10.17? Or is my data feed screwy?

[berloga]

Mine reads $10.46 as a closing price.