DALLAS - BeaconEquity.com Issues TraderNotes on Aftermarket Auto Stocks: GNAU, MWWC, GPC, CRV, LKQX, MPAA, QTWW, GNTX
Today’s TraderNotes include: General Automotive Company (OTCBB: GNAU), Marketing Worldwide Corp. (OTCBB: MWWC), Genuine Parts Company (NYSE: GPC), Coast Distribution System Inc. (AMEX: CRV), LKQ Corp. (Nasdaq: LKQX), Motorcar Parts of America Inc. (Nasdaq: MPAA), Quantum Fuel Systems Technologies Worldwide Inc. (Nasdaq: QTWW), Gentex Corp. (Nasdaq: GNTX).
“General Automotive Company (GNAU) shares are recovering from yesterday’s slide, up 14 percent to 72 cents Wednesday morning. General Automotive provides state-of-the-art original equipment, aftermarket automotive parts, mobile electronics, and related products at multiple levels of distribution across the United States and internationally.
“Recently, General Automotive reported financial results for its first quarter ended March 31, 2008. Revenue rose 51 percent to $4.07 million from $2.69 million in the 2007 first quarter. Gross profit for the 2008 first quarter was $345,000 compared to $482,000 in the prior-year period. The company recorded a net loss of $504,000, or 7 cents per diluted share…”
“Marketing Worldwide Corp. (MWWC) shares are at 26 cents, no change from the previous close at the same price. Marketing Worldwide provides automotive accessory programs for installation on new automobiles. The company recently announced its financial performance for the first half and second quarter of its fiscal year ending September 30, 2008.
“Net sales for the six-month period ended March 30, 2008, increased by $623,454, or 14 percent, to $5 million, compared to $4.4 million for the same period in fiscal 2007. For the second quarter ended March 30, 2008, net sales were $2,293,480, an increase of $51,689 or 2.3 percent, compared to $2,241,791 for the second quarter of fiscal 2007.”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of General Automotive Company (OTCBB: GNAU). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated a total of thirty five thousand free trading shares from Windermere Capital Partner for enrollment of GNAU in this research program and other services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
