Daryl English, President of Purio, says, "North America is in the infancy of a major paradigm shift in the way business offices supply purified drinking water to their staffs and clients. We see it as a major up-coming trend and we see ourselves in a great position to profit from it. Businesses are motivated in many ways to take action and upgrade their office water service from bottle-style dispensers to modern point-of-use (POU) water purifiers and totally do away with bottled water delivery. The first motivation is cost cutting and we can often cut the monthly water budget by over 25%. Second is the convenience factor; by eliminating the plastic 5-gallon bottles, offices free up precious floor and storage space, and eliminate the risk of employee injury caused by the lifting of the 45 pound back-breakers. Our POU purifiers not only offer a fresher tasting, better quality water, compared to bottles because it's not stored in plastic for weeks before consumption, but they also offer a greater production capacity so that businesses never more worry about running out of purified water. Couple that with the environmental care factor, whereby business can update their water service from the energy hungry, labor intensive and carbon producing delivery system of old fashioned bottles, and we are of the opinion that we are on the leading edge of a business boom."
Mr. English cited cities like San Francisco, Chicago and Vancouver, British Columbia as examples of municipalities that have banned the use of bottled water in their facilities due to concerns over its affect on the environment as well as concerns about possible health risks recently revealed from studies of chemicals leaching from water bottles into the drinking water.
What They Do: Purio owns proprietary water clarification technology suitable to a broad number of applications including the clarification of surface water, industrial process water and sewage. Purio intends to apply its technology initially to industrial and commercial applications to reclaim water and reduce the need for fresh water in such applications. Purio further intends to use its proprietary technology to produce potable water for commercial and residential use. Purio will commercialize its technology via a number of channels, namely licensing strategic partners to build and sell &/or operate units outside of North America, outright sale of their second generation (patent pending) units to end users and will build, own and operate on a fee for service basis their larger permanent installation units in North America.
How They Trade: PURO has a 52 week high of $0.89 and a 52 week low of $0.05.
Computer Sciences Corp. (NYSE: CSC) Closed at $27.97. Today announced fiscal second-quarter earnings surged on the back of a tax benefit and revenue rose 6 percent.
Net income in the quarter ended Oct. 3 rose to $451.7 million, or $2.95 per share, from $75.8 million, or 43 cents per share, a year ago. The latest period includes a tax benefit of $371.4 million, or $2.43 per share, and a charge of $24.1 million, or 16 cents per share, related to provisions for internal tax audits.
What They Do: CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions & Services, Global Outsourcing Services and the North American Public Sector. CSC's advanced capabilities include systems design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 91,000 employees and reported revenue of $17.3 billion for the 12 months ended Oct. 3, 2008.
How They Trade: CSC has a 52 week high of $55.25 and a 52 week low of $25.95.
Green Mountain Coffee Roasters (Nasdaq: GMCR) Closed at $25.60. Today announced its fiscal 2008 and fiscal fourth quarter results for the thirteen weeks ended September 27, 2008, reporting strong sales and even stronger earnings growth. During the fourth quarter of fiscal 2008, 273 million K-Cup portion packs were shipped system-wide by all Keurig licensed roasters, up 62% over the year-ago quarter.
Net sales for the fourth quarter of fiscal 2008 totaled $134.8 million as compared to $93.0 million reported in the fourth quarter of fiscal 2007, representing an increase of 45% year over year.
Net income for the fiscal fourth quarter of 2008 increased 99% to $7.1 million or $0.28 per diluted share, from $3.6 million or $0.14 per diluted share in the fiscal fourth quarter of 2007.
What They Do: Green Mountain Coffee Roasters is recognized as a leader in the specialty coffee industry for its award-winning coffees, innovative brewing technology and socially and environmentally responsible business practices. GMCR manages its operations through two wholly owned business segments: Green Mountain Coffee and Keurig.
How They Trade: GMCR has a 52 week high of $44.75 and a 52 week low of $23.01.
Tetra Tech (Nasdaq: TTEK) Closed at $16.85. Today announced results for the fourth quarter and fiscal year ended September 28, 2008. The Company exceeded both its revenue and earnings guidance for the quarter and fiscal year.
Revenue in the quarter was $649.2 million, up 49.3% from $434.8 million, and revenue, net of subcontractor costs, was $348.8 million, up 26.6% from $275.5 million for the same quarter last year. Income from operations for the quarter was $30.8 million, up 25.9% from $24.5 million for the same quarter last year. Net income for the quarter was $18.2 million, up 29.2% from $14.1 million for the same quarter last year. Diluted earnings per share (EPS) for the quarter was $0.30, up 25.0% from $0.24 for the same quarter last year. Backlog at the end of the quarter was a record $1.65 billion, up 30.8% from $1.26 billion at the end of the same quarter last year. Cash generated from operations in the fourth quarter was $25.3 million, down 27.6% from $34.9 million for the same quarter last year. TTEK is a current focus stock at SmallCapReview.com
What They Do: Tetra Tech is a leading provider of consulting, engineering, program management, construction and technical services addressing the resource management and infrastructure markets. The Company supports government and commercial clients by providing innovative solutions focused on water, the environment and alternative energy. With more than 8,500 associates located in the United States and internationally, Tetra Tech’s capabilities span the full project life cycle.
How They Trade: TTEK has a 52 week high of $30.15 and a 52 week low of $13.89.
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