US Farms (OTCBB: USFM) Trading at $0.09. Up 21%. Announced Thursday after market close completion of its Nursery Greenhouse improvements. These improvements include Heaters, new exhaust ventilation and all new plastic roofs with insulation to stop heat loss in winter and maintain cool in the summer. These improvements were done in coordination with US Farms, Inc. Canadian Nursery partners Morgan Creek Tropical to support its partnership for its retail and wholesale Nursery accounts.
Yan Skwara, CEO of US Farms, Inc., stated, "With the completion of these Greenhouse improvements, this will enable US Farms, Inc. and our partner Morgan Creek to effectively continue to service our customers with high quality Nursery products year round. With these green house improvements it gives the ability to run operations years round while increasing inventory and sales in the 20% percent range. This is key to keep our nursery business moving forward in 2009. Protecting the plants from adverse cold during the winter months is a key operating aspect for any nursery player and these improvements will do just that. Our Aloe nursery business and Nursery warehouse fulfillment for box stores at our greenhouse facility in Valley Center, California continues to drive our future Nursery business."
What They Do: US Farms, Inc. is a diversified commercial Farming and Nursery company. The company currently grows, markets and distributes horticultural products through a number of its wholly owned subsidiaries. US Farms, Inc. is currently one of the largest domestic growers of Aloe Vera, growing well over 6 million pounds annually. The company plans to further its vertically integrating path by moving into the marketing and sales of Aloe Vera based products. The company's products are sold through supermarkets, home centers, retail merchandisers, garden centers, mail order, direct sales, re-wholesalers, and landscapers throughout the United States and Canada. Through internal growth and strategic acquisitions the company is expanding its market share in its businesses.
Palm (Nasdaq: PALM) Trading at at $5.88, Up 31%. Announced late Thursday its groundbreaking Palm webOS mobile platform, built from the ground up to be constantly connected to the web, and the new Palm Pre, the first phone based on the new platform. Pre is scheduled to be available exclusively from Sprint in the first half of 2009.
Palm webOS is a brand-new kind of platform, invented exclusively for mobile use. webOS recognizes that you want your people, calendars and information to move with you, wherever you are, wirelessly, as opposed to being bound to a personal computer. Palm webOS is the first mobile platform to automatically bring your information from the many places it resides – on your phone, at your work or on the web – into one simple, integrated view.(1) The new Palm Pre and webOS are designed to be so in sync with your needs that it feels like Pre is thinking ahead for you.
What They Do: Palm, Inc. is a leading mobile products company, creating instinctive yet powerful mobile products that enable people to better manage their lives on the go. The company’s products for consumers, mobile professionals and businesses include Palm Treo, Pre and Centro phones, as well as software, services and accessories.
American Medical Systems Holdings (Nasdaq: AMMD) Trading at $10.46, Up 17% . Announced Thursday after market close preliminary sales of $134.0 million for the fourth quarter of 2008, a 3.0 percent increase over sales of $130.0 million in the comparable quarter of 2007. The fourth quarter growth over last year was negatively impacted by foreign currency fluctuations. The strengthening of the U.S. dollar negatively affected revenue for the quarter by $3.8 million, compared to the fourth quarter of 2007. Adjusting for the negative impact of the stronger U.S. dollar results in fourth quarter growth of 5.9 percent over the same period last year. Preliminary sales for the year 2008 were reported at $501.6 million, an 8.1 percent increase over sales of $463.9 million for the year 2007.
What They Do: American Medical Systems, headquartered in Minnetonka, Minnesota, is a diversified supplier of medical devices and procedures to cure erectile dysfunction, benign prostatic hyperplasia, incontinence, menorrhagia, prolapse and other pelvic disorders in men and women.
Healthways (Nasdaq: HWAY) Trading at $13.07, Up 26%. Announced after market close Thursday financial results for the three months ended November 30, 2008. Total revenues for the quarter were $185.4 million, a 5% increase from $175.8 million for the three months ended November 30, 2007. Net income grew 13% to $12.6 million from $11.2 million. Net income per diluted share increased 23% to $0.37 for the three months ended November 30, 2008 from $0.30 for the same period in 2007.
What They Do: Healthways is the leading provider of specialized, comprehensive solutions to help millions of people maintain or improve their health and well-being and, as a result, reduce overall costs.
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