Special Situations / Industrials
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Acceleware Corp. Acceleware Corp. (TSXV: AXE), based in Calgary, Alberta, develops, manufactures and markets special purpose software / hardware accelerators used to reduce engineering design simulation and data processing run times. According to Acceleware, simulations that take 5 - 8 hours can be completed within just 15-30 minutes using the company’s accelerators. The company has experienced significant growth in distribution since founded in February 2004. |
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07/29/2008 |
Completes management restructuring; lowered fair value (4 Pages) |
Subscribers Only |
06/11/2008 |
Posts Record Revenues (11 Pages) |
Subscribers Only |
01/31/2008 |
Reports sales of over $1 million in Q4; Exciting year ahead (11 Pages) |
Subscribers Only |
09/17/2007 |
Q2 Revenues Exceed Expectations; More Exposure through NVIDIA's
Telsa (10 Pages) |
Subscribers Only |
06/12/2007 |
Google Acquires Potential Competitor (12 Pages) |
Subscribers Only |
05/08/2007 |
Alliance With NVIDIA Corp Could Prove to Be Highly Beneficial (11 Pages) |
Subscribers Only |
01/19/2007 |
Initiating Coverage; A New Solution for Slow Computations (26 Pages) |
Subscribers Only |
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Bevo Agro Inc. Bevo Agro Inc. Is North America's leader in plant propagation; it develops plants for final growth in greenhouses and field farms. |
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01/22/2008 |
Q1'08 Revenues Drop by 43% YOY; Liquidity problems persist FINAL
REPORT (12 Pages) |
Subscribers Only |
10/12/2007 |
Subscribers Only |
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05/31/2007 |
Subscribers Only |
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03/12/2007 |
Subscribers Only |
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12/04/2006 |
Sales and Gross Margins Meet Expectations, Operating Costs
Increase (8 Pages) |
Subscribers Only |
11/06/2006 |
Strong Q4 as expected lifts annual performance; 2007 crucial to
valuation (12 Pages) |
Subscribers Only |
06/30/2006 |
Signs New Credit Facility; Reinstating to BUY (7 Pages) |
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06/06/2006 |
Q3 Shows Growth But U.S. Operations Below Expectations; Suspending
Ratings (9 pages) |
Subscribers Only |
03/10/2006 |
As
Expected - Q2 Evidence of Improving Conditions (8 pages) |
Subscribers Only |
12/02/2005 |
Q1 Crunch Time: Lowering Estimates (9 pages) |
Subscribers Only |
11/02/2005 |
Strong Q4 Sales: Expansion Still Not Reflected in Price (10 pages) |
Subscribers Only |
06/03/2005 |
Q3 Evidence That Things Are Starting to Bloom (15 pages) |
Subscribers Only |
03/04/2005 |
Q2 Showing Positive Signs |
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12/08/2004 |
YE2004 and Q1 Update (11 Pages) |
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06/01/2004 |
Q3 2004 Update - Next Two Quarters Crucial (6 Pages) |
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03/02/2004 |
Unexpected Q2 2004 - Long-Term Still Bright (5 Pages) |
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01/01/2004 |
Initiating Coverage at BUY (13 Pages) |
Brainhunter Inc. Brainhunter Inc. is one of the leading providers of Human Capital Management (HMC) solutions, services and software in North America. Its end-to-end web based technology platform gives it the capability to offer a full range of services relating to staffing procurement for organizations. Brainhunter primarily provides IT staffing, and also Engineering and Healthcare staffing, on a full-time and contract basis to about 2,000 organizations worldwide. Within 5 years, the company’s revenues increased from $2.78 million in FY2001, to $166.50 million in FY2006. |
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11/14/2008 |
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03/04/2008 |
Sells North American Job Board Business to Workopolis for
Favorable Price (15 Pages) |
Subscribers Only |
08/15/2007 |
Solid Growth in Q3-2007 Revenues; Evaluating Private Equity to
Finance Acquisitions (12 Pages) |
Subscribers Only |
08/07/2007 |
Initiating Coverage; Capitalizing on the Highly Fragmented
Staffing Industry (27 Pages) |
Subscribers Only |
Broadview Press Inc. Broadview Press is an independent academic publisher with no affiliation to any larger publishing house or media conglomerate. |
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10/17/2008 |
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04/24/2008 |
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01/11/2008 |
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09/10/2007 |
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06/20/2007 |
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04/05/2007 |
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12/05/2006 |
Near Term Weakness in Gross Margins Lowers Fair Value (9
pages) |
Subscribers Only |
09/01/2006 |
BABL Publishing Completed; On track for positive Q3 and Q4 (10
pages) |
Subscribers Only |
05/29/2006 |
Higher Than Expected Net Loss, Awaiting an Interesting Q3 and Q4
(9 pages) |
Subscribers Only |
04/11/2006 |
2005 Inline
With Expectations; Exciting Year Ahead (9 pages) |
Subscribers Only |
12/07/2005 |
Q3 Update: Outlook Positive (8 pages) |
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08/29/2005 |
Positive Results Continue in Q2 (8 pages) |
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05/25/2005 |
Positive Early Results Indicate Pages Turning |
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04/19/2005 |
YE2004, Temporary Setbacks, Outlook Positive |
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11/30/2004 |
Q3 Update: Below Expectations (8 pages) |
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09/07/2004 |
Q2 2004 Update (7 pages) |
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06/02/2004 |
Q1 2004 Update (6 pages) |
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04/12/2004 |
2003 Results Better Than Expected; Raising Fair Value (12 Pages) |
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11/28/2003 |
Third Quarter Review -Corrected (6 Pages) |
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09/17/2003 |
Issuing Recommendation (2 Pages) |
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08/22/2003 |
Second Quarter 2003 Review (5 Pages) |
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07/17/2003 |
Initiating Coverage (14 Pages) |
CIBT Education Group Inc. CIBT Education Group Inc. (CAG) (TSX-V: MBA) is a diversified investment, operations and management firm, with subsidiaries operating in the education and advertising sectors. While the company’s advertising business focuses on the Canadian and U.S. markets, the education business is largely focused on China. |
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10/20/2008 |
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07/18/2008 |
Expanding to Travel, Tourism, Gaming Management; Expecting more
acquisitions (13 Pages) |
Subscribers Only |
04/16/2008 |
Plans announced for second acquisition (12 Pages) |
Subscribers Only |
02/06/2008 |
Acquisition of SSCC at Reasonable Valuation To Provide Significant
Synergies (19 Pages) |
Subscribers Only |
11/30/2007 |
CIBT Enters LOI to Complete its Largest Acquisition to Date (14 Pages) |
Subscribers Only |
07/19/2007 |
Impressive New Initiative - CIBT's Education Centers (14 Pages) |
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03/07/2007 |
Restructuring Could Add Shareholders' Value (13 Pages) |
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12/20/2006 |
IRIX Slows as CIBT Seeks High Growth (13 Pages) |
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11/27/2006 |
As Expected, CIBT is Set For High Growth in FY2007 (12 Pages) |
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06/08/2006 |
Improved Q1
Performance As Expected (9 Pages) |
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05/18/2006 |
2005
Revenues Grow Despite Weaker Than Expected Q4 (12 pages) |
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12/09/2005 |
Initiating Coverage (25 pages) |
China Education Resources Inc. China Education Resources Inc. (formerly China Ventures Inc.) is engaged in the development and distribution of educational and training materials in China. |
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01/09/2006 |
Dropping Coverage (2 pages) |
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09/22/2005 |
Fall in 6 MO Sales; entering important second half |
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05/18/2005 |
YE2004 Below Expectations; Turn around expected in '05 |
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09/14/2004 |
Q2 2004 Update (7 Pages) |
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07/29/2004 |
Initiating Coverage (22 Pages) |
CON-SPACE Communications Ltd. Con-Space Communications Ltd. is a recognized worldwide leader in the design and manufacturing of specialized voice communication equipment for the purpose of providing safety and efficiency to workers in confined space work environments and the Public Safety market. |
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11/14/2008 |
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07/04/2008 |
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04/09/2008 |
Q2 Revenue and Margins Improved (10
pages) |
Subscribers Only |
01/29/2008 |
Q1 Results Disappointing; Q2 Preliminary Results More Optimistic (8
pages) |
Subscribers Only |
11/26/2007 |
YE2007 and AGM (8
pages) |
Subscribers Only |
06/13/2007 |
Q3 2007 Update (8
pages) |
Subscribers Only |
04/20/2007 |
SSI Acquisition - Highly Accretive and Growth at a Cheap Price (11
pages) |
Subscribers Only |
03/21/2007 |
Cost Increases Offset Revenue Gains (8
pages) |
Subscribers Only |
12/12/2006 |
Q1 Affected by Temporary Inventory Control Constraints (8
pages) |
Subscribers Only |
11/21/2006 |
YE2006 Largely Inline With Expectations (10
pages) |
Subscribers Only |
05/17/2006 |
Q3 Way Below Expectations (10
pages) |
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02/14/2006 |
Q2 2006 Update (8 pages) |
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11/28/2005 |
Q1 Update (7 pages) |
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10/19/2005 |
2005 Exceeds Expectations, Raising Fair Value (9 Pages) |
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05/19/2005 |
Communicating Strong Growth (8 Pages) |
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02/17/2005 |
Another Record Quarter, Raising Fair Value (9 Pages) |
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11/16/2004 |
Q1 and AGM Update (9 Pages) |
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10/14/2004 |
YE2004 Results Exceed Expectations (10 Pages) |
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05/17/2004 |
Q3 Update (5 Pages) |
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03/24/2004 |
Initiating Coverage (17 Pages) |
Functional Technologies Corp. Functional Technologies Corp. is a functional foods developmental company developing proprietary yeast for the global food and beverage market. FEB is also developing micro algae based biological products for the animal health care industry. FEB will commence commercial sales of its proprietary yeast products in the 2009 wine making season. |
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12/04/2008 |
Gemcom Software International Inc. Gemcom “GCM” is a global, customer-driven company that provides software and related services to the mining industry. Products are used in a wide range of mining applications from production performance management to resource modeling and mine design. The company’s Mine Production Management Solutions are tailored to mining operations helping increase productivity, reduce risks, and maximise profitability. |
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08/31/2006 |
Significant acquisition increases growth potential; Final Update |
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06/15/2006 |
2006 Results Beat Expectations; Raising Fair Value |
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02/20/2006 |
Q3
Update - On Track to Meet Expectations - Raising Fair Value |
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01/25/2006 |
Initiating Coverage (25 pages) |
H. Paulin & Co. H. Paulin manufactures and distributes screws, fasteners, automotive parts, screw machine components, and fluid system products mainly to the automotive, industrial, retail (including Home Depot), and agricultural industries. |
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10/03/2003 |
Issuing Recommendation (12 Pages) |
International Water-Guard Industries Inc. International Water-Guard Industries Inc., based in Burnaby, BC, Canada, focuses on the design, manufacture, sale, and service of aircraft potable water treatment equipment and systems. IWG has been selling its products to corporate, VIP and military transport manufacturers/operators around the world since 1982. |
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09/09/2008 |
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06/20/2008 |
Positive developments in Q3 overshadow disappointing Q2 results (10 Pages) |
Subscribers Only |
03/31/2008 |
Announces new initiative for aerospace applications beyond water
treatment (10 Pages) |
Subscribers Only |
01/14/2008 |
'07 revenues only vary $2,700 from our forecast! Q4 results in
line (14 Pages) |
Subscribers Only |
08/07/2007 |
Another Quarter of Profitability; Fundamentals Remain Strong (10 Pages) |
Subscribers Only |
05/10/2007 |
10th Straight Quarter of Profitability (10 Pages) |
Subscribers Only |
03/01/2007 |
Solid Q1 2007 Performance; EPS Estimates Raised (10 Pages) |
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12/28/2006 |
Unit Sales Continue to Grow; Upside Potential From New Markets (13 Pages) |
Subscribers Only |
11/07/2006 |
Initiating Coverage (25 Pages) |
LJ International Inc. LJ International Inc. “JADE” manufactures and retails fine jewelry globally. The company has a presence across all industry-related processes from mining to designing, and marketing. It offers approximately 50,000 different contemporary designs ranging from earrings to bracelets. Products are ornamented with both semi-precious and precious stones such as amethyst and diamonds. |
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09/06/2006 |
Strong Performance in Q2 2006 (8 pages) |
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06/02/2006 |
Strong Performance in Q1 2006 (9 pages) |
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04/17/2006 |
Better Than Expected Q4 and
2005 (9 pages) |
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11/15/2005 |
Initiating Coverage (22 pages) |
Mecachrome International Inc. Mecachrome engages in the design, engineering, manufacture, and assembly of complex precision-engineered components for aircraft, automotive and industrial applications. Founded in 1937, the company has over 70 years of operating history. Mecachrome is the sole-source provider of more than 70% of its revenues. |
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12/24/2008 |
MicroPlanet Technology Corp. MicroPlanet Technology is a company based in Seattle, USA, that has developed an advanced voltage regulation technology for residential, commercial and industrial environments. The company’s voltage regulators help save energy (which in turn helps reduce greenhouse gas emissions), lower electricity bills, increase the efficiency of electric appliances and improve utility services. |
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01/02/2009 |
Subscribers Only |
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09/09/2008 |
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03/06/2008 |
Q4 Results Almost Inline; Receives Another Significant Commercial
Order (10 pages) |
Subscribers Only |
02/22/2008 |
Initiating Coverage; Clean Technology Company Entering
Commercialization (32 pages) |
Subscribers Only |
Netflix Inc. Netflix is the world's largest online DVD movie rental service offering more than one million members access to more than 15,000 titles. |
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11/17/2003 |
Initiating Recommendation (11 pages) |
Phinder Technologies Inc. Phinder Technologies Inc “PHDTF” is a provider of premier, entry-level web hosting services and Internet access solutions for small businesses in the United States. The company’s efficient, systematic and readily-scalable approach to marketing and billing offers investors exposure to high growth potential. |
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10/20/2006 |
Suspending Coverage (2 pages) |
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04/05/2006 |
Initiating Coverage
(15 pages) |
Resin Systems Inc. Resin Systems Inc. is a chemical/composite technology company that develops and commercializes its patented line of environmentally friendly resin formulations and end products. |
10/20/2004 |
Suspending Coverage (2 pages) |
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06/09/2004 |
Downgrading on Costs, Delays, and Valuation (6 Pages) |
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02/04/2004 |
Initiating Coverage (10 Pages) |
Sonic Technology Solutions Inc. Sonic Technology Solutions Inc., based in Vancouver, Canada, has a patented technology to generate industrial-scale sonic energy. Sonic’s patented SonoprocessTM technology is the world’s first and only industrial-scale sonic generator technology. After successfully commercializing its technology in the environmental sector, the company is now actively trying to commercialize the technology’s application in the energy (heavy oil and oil sands) and the materials sectors. |
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11/12/2008 |
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05/16/2008 |
Significant progress in the energy sector; Plans to acquire
process chemistry (11 Pages) |
Subscribers Only |
03/25/2008 |
Initiating
Coverage; Advancing new applications in the energy and materials
sectors (28 Pages) |
Subscribers Only |
Stockhouse Inc. Stockhouse Inc. is a provider of financial information, news, and analytical tools to financial services firms, corporations, and the media. It also provides investors with financial information through leading financial sites such as stockhouse.ca and smallcapcentre.com. |
09/17/2008 |
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07/04/2008 |
Expecting a soft Q2 with second half recovery (11 pages) |
Subscribers Only |
04/29/2008 |
Improved Performance in Q4 (13 pages) |
Subscribers Only |
12/27/2007 |
Q3 Below Expectations; Q4 Looking Strong(13 pages) |
Subscribers Only |
08/29/2007 |
Enters Deal with Yahoo!Canada; Awaiting Launch of New Website (14 pages) |
Subscribers Only |
06/08/2007 |
Q1 '07 lower than expected; growth outlook maintained (13 pages) |
Subscribers Only |
04/05/2007 |
Acquired MFD; Valuation More Than Doubled (14 pages) |
Subscribers Only |
11/29/2006 |
Advertising Leads Revenue Growth (10 pages) |
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09/21/2006 |
Higher Costs Delay Profitability (11 pages) |
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05/24/2006 |
Sales
Inline; Advertising Costs Rise (10 pages) |
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04/06/2006 |
Results in Line;
Positioned for Growth (10 pages) |
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11/21/2005 |
FC&S Up; Ads Down (9 pages) |
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08/17/2005 |
Initiating Coverage (22 pages) |
Versatile Systems Inc. Versatile Systems Inc. is a technology company that provides software tools that allow its customers to manage their credit and sales processes. Versatile creates software that extends their customers back office to mobile workers. In addition, the company delivers technology systems and services to many Fortune 1,000 companies. |
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10/15/2007 |
Initiating Coverage; Steady Core Business With Growth Potential
(20 pages) |
Subscribers Only |
