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Briggs & Stratton Corporation (NYSE: BGG) Closed at $16.08. Today announced second quarter fiscal 2009 consolidated net sales of $477.5 million and consolidated net income of $3.2 million or $0.06 per diluted share. The second quarter of fiscal 2008 had consolidated net sales of $477.5 million and consolidated net income of $4.1 million or $0.08 per diluted share. Net income improved $11.4 million from last year resulting from a more favorable mix of product both shipped and manufactured, offset in part by commodity costs that were higher than in the same period a year ago.
What They Do: Briggs & Stratton Corporation produces air cooled gasoline engines and engine powered outdoor equipment worldwide.
How They Trade: BGG has a 52 week high of $22.37 and a 52 week low of $11.20.
China Runji Cement (OTCBB: CRKI) Closed at $0.70. Announced after market close Wednesday that the Company has received RMB 3,650,000 (US$528,986) or 60% of a government grant totaling RMB 6,075,000 (or US$ 880,435) on January 13, 2009. The grant was given to CRJI as a result of the endorsement of its waste heat power generator by the National Development and Reform Commission (NDRC) in the NDRC's 2008 Energy-saving & Technical Reform Fiscal Allowance Project Plan.
The NDRC's 2008 Fiscal Allowance Plan endorsed 401 energy-saving & technical reform projects throughout China that are expected to save 11.1 million tons of coal nationwide. Runji's 10-Million-Watt waste heat power generator fits perfectly in the plan because it will save approximately 26,000 tons of coal consumption per year by utilizing the residue heat released from the two cement production lines to generate power for CRJI. This power generator is expected to be completed in April 2009. CRJI has already started the construction of the plant's infrastructure.
What They Do: China Runji Cement, Inc. is one of the leading players in cement production and distribution. In October 2007, the Company became a U.S. public company following the completion of a share exchange with Fitmedia Inc. The Company's certified manufacturing facilities containing cutting-edge technology and advanced equipment and are capable of producing as much as 2 million tons of cement annually. Furthermore, the Company's solid distribution network and customer-orientated services have earned CRJI's products a superior reputation in the cement market. Headquartered in Anhui Province of China, the Company's markets include major neighboring cities such as Hefei, Nanjing, and Liu'an.
How They Trade: CRJI has a 52 week high of $2.10 and a 52 week low of $0.20.
US Farms (OTCBB: USFM) Closed at $0.09. Announced Wednesday a major initiative to further enhance its diversified Farming and Nursery business with the planned introduction of Plant Mail order Internet Commerce.
US Farms, Inc. will be marketing and distributing its Plants and Plant Materials through Internet commerce and other well-established wholesale distributors and nursery providers throughout the U.S.
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.
How They Trade: USFM has a 52 week high of $7.50 and a 52 week low of $0.05.
Ericsson (Nasdaq: ERIC) Closed at $6.89. Today announced the signing of a commercial LTE network. The roll-out of the 4G mobile broadband network will offer the highest data rates ever realized, with the best interactivity and quality. This network will cover Sweden's capital Stockholm and the contract is Ericsson's first for commercial deployment of LTE.
What They Do: Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers.
How They Trade: ERIC has a 52 week high of $14.00 and a 52 week low of $5.49.
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Copyright SmallCapReview. SmallCapReview.com has been a leading site for news on small-cap stocks since 1999. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select small-cap stocks, to register visit http://www.smallcapreview.com/subscribe.htm. Features available at SmallCapReview.com include in-depth profiles of select Small-Cap/Penny Stocks as well as the most comprehensive and up to date news available on the small-cap market. SmallCapReview.com has been compensated three thousand five hundred dollars by a third party Gmarketing for its efforts in profiling China Runji Cement . SmallCapReview.com has been compensated three thousand five hundred dollars by a third party GreenHorseshoe for its efforts in profiling US Farms .
