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Great Lakes Aviation was Crushed by Regulation, but Clearer Skies May be on the Horizon

This time last year airline operator Great Lakes Aviation, Ltd (OTCQB: GLUX) employed 272 pilots.  Today that number stands at only 95 representing a 65% decrease in qualified individuals to fly the company’s routes.  You might be inclined to ask, what the hell happened?  The answer… Congress and some bureaucrats in the Federal Aviation Administration (FAA).  Regulations passed in 2010 as part of the Federal Aviation Administration Extension Act of 2010 alone with the revision of certain requirements have caused a shortage of pilots in the industry.  Unfortunately, the small airlines flying smaller aircraft took the brunt of the new rules as they were unable to compete for qualified pilots with the larger regional airlines.

The company gave an extensive explanation of the cause of the pilot shortage Continue reading →

First Physicians Capital Group Soars Over 1000% and May have More Room to Run

After the market closed on Friday, First Physicians Capital Group, Inc. (OTCQB: FPCG) filed its first quarterly and annual reports since 2011 when the company was reporting heavy losses.  Fast forward three years and much has changed at First Physicians.  In 2010 the company began the process of changing its focus from majority ownership in healthcare delivery companies and hospitals to becoming a provider of services to the rural and community hospital market.  To that end, the company completed the divestiture of majority owned hospitals during 2011 and secured agreements to provide management services to two hospital clients.

The company is now focused on providing rural and community hospitals with an array of services which include hospital administration, billing, accounting, insurance,  medical supplies, staffing, information technology, lab solutions, emergency department solutions as well as real estate and equipment sale-leaseback financing.  This new line of business has proven to be Continue reading →

Maui Land & Pineapple Shares Get Pumped

After rising nearly 5% on no news yesterday, shares of Maui Land & Pineapple Company, Inc (NYSE: MLP) have already been up by nearly 30% today on very heavy volume.  Is this a case of a NYSE “pump and dump”?  Has information been leaked to an elite few?  Or is this just the result of a value investor aggressively accumulating shares because of the 23,300 acres of Maui real estate the company acquired from 1911 to 1932 which is carried on the books at cost?  With no information publicly available to cause such a move,  all are certainly possibilities except for the “pump and dump” theory because such schemes can only happen in penny stocks.  Right?  However, it could be a momentum trade…

Looking back a few months ago, this is not the first time the price movements and volume have raised questions.  Starting after Christmas last year and leading up to New Years Eve, shares Continue reading →

Evans & Sutherland Soars on Turnaround, but Risks Remain

Today, Evans & Sutherland Computer Corporation (OTCQB: ESCC), a supplier of digital planetariums and cinemas, filed its 10-K with SEC for the year ended December 31, 2013.  The company reported a sales increase of 19% to $29.58 million and net income of $$1.17 million or $0.11 per share compared to a net loss of $2.28 million or $(0.21) per share.  Operating cash flows also went from a negative $2.69 million to a positive $1.13 million.

The news of the turnaround sent shares soaring by as much as 240% and closed nearly 162% higher at $0.60 per share after closing yesterday at $0.21.  Before the filing, shares had even dipped as low as $0.14 per share and prior to today’s run had a 52-week range of $0.04 – $0.29.  Investors that got in prior to the release and in the moments following the release had themselves an excellent trading day to say the least.  However, it is never seems to be a perfect world. Continue reading →