Monterey Pasta Company (PSTA) - 500 Beiträge pro Seite

[panik]

Profile:Monterey Pasta Company is a producer and distributor of refrigerated gourmet pasta and sauces to restaurants and grocery stores in the Monterey, California, area. The Company also offers a diversified range of gourmet refrigerated food products, which it provides to grocery and club stores throughout the United States, as well as selected regions in Canada, the Caribbean, Latin America and the Asia Pacific region. Monterey Pasta distributes its gourmet food products through multiple channels of distribution, and selectively participates in private label partnerships.

http://www.montereypasta.com

[panik]

Reuters
Monterey Pasta cuts profit outlook in half
Tuesday December 17, 8:14 am ET


SALINAS, Calif., Dec 17 (Reuters) - Fresh pasta maker Monterey Pasta Co. (NasdaqNM:PSTA - News) on Tuesday cut its fourth-quarter profit outlook in half, citing weak sales at its second largest customer.
The company also said that it expects sales to be flat to up 5 percent in the quarter, down from its forecast of up 12 percent to 15 percent.

The company now expects profit for the quarter of 4 cents to 5 cents a share, down from a previous forecast of 9 cents a share.

The company also said it now expects 2003 profit of 31 cents to 34 cents a share, down from a prior forecast of 42 cents to 45 cents. Sales are now expected to be up 10 percent in 2003, down from prior guidance of a 15 percent to 20 percent gain. The shortfall is due in part to purchasing process changes at its two largest customers.

[panik]

[ipo-weirdo]

hi,

hmmm, ja und nun? was willst Du damit sagen?

kurs actuell $4.23 -38.25%


grüsse

[proxim]

ich würde mal sagen...als langfrist...kaufen!!!



pasta wird immer gegessen!






leckerrrrr

[proxim]

[antec]

PRICE: PSTA closed on 12/16/2002 at $6.85 per share.

VALUE: PSTA has a Value of $9.92 per share. Value is the foundation of the VectorVest system. It is a measure of what a stock is currently worth. Value is based upon earnings, earnings growth rate, dividend payments, dividend growth rate, and financial performance. Current interest and inflation rates also play an important role in the computation of Value. When interest and/or inflation rates decrease, Value goes up. When interest rates and inflation increase, Value goes down. Sooner or later a stock`s Price and Value always converge.

RV (Relative Value): PSTA has an RV of 1.26. On a scale of 0.00 to 2.00, an RV of 1.26 is very good. RV reflects the long-term price appreciation potential of the stock compared to an alternative investment in AAA Corporate Bonds. Stocks with RV ratings above 1.00 have attractive upside potential. A stock will have an RV greater than 1.00 when its Value is greater than Price, and its Relative Safety (see below) and forecasted earnings growth rate are above average. In some cases, however, a stock`s RV will be above 1.00 even though its Value is well below Price. This happens when a stock has an exemplary record of financial performance and an above average earnings growth rate. In this case, the stock is currently selling at a premium, and the investor is banking on future earnings growth to drive the stock`s price higher. This information is very useful not only in knowing whether or not a stock has favorable price appreciation potential, but it also solves the riddle of whether to buy high growth, high P/E, or low growth, low P/E stocks. We believe that RV ratings above 1.00 are required to consistently achieve above average capital gains in the stock market.

RS (Relative Safety): PSTA has an RS rating of 0.97. On a scale of 0.00 to 2.00, an RS of 0.97 is fair. VectorVest looks at safety from the viewpoint of an equity investor (one who is buying stock of a company) rather than that of a purchaser of debt (one who is lending money to the company). From this perspective, consistency of financial and operating performance, stock price appreciation history, and price volatility are the key factors used in the evaluation of Relative Safety (RS). Debt to equity ratio, capitalization, sales volume, business longevity and other factors are also considered, but to a lesser degree.
VectorVest favors steady, predictable performers. All stocks are rated on a scale of 0.00 to 2.00. A stock with an RS greater than 1.00 is safer and more predictable than the average of all stocks. A stock with an RS less than 1.00 is less predictable and riskier than the average stock.


RT (Relative Timing): PSTA has an RT rating of 1.47. On a scale of 0.00 to 2.00, an RT of 1.47 is excellent. RT is a fast, responsive, short-term price trend indicator. It analyzes the direction, magnitude, and dynamics of a stock`s price behavior over the last 13 weeks; then reflects and projects the short-term price performance of the stock. Once a stock`s Price has established a strong trend, it is expected to continue that trend for the short-term. If the trend dissipates, RT will gravitate towards 1.00. Should the price change dramatically, RT will notice the crucial turning point. When warranted, it will explode from a Price low and dive from a Price high.
All stocks are rated on a scale of 0.00 to 2.00. If RT is above 1.00,the stock`s Price is in an uptrend. Below 1.00, the stock`s Price is in a downtrend.


VST-Vector (VST): PSTA has a VST-Vector rating of 1.26. On a scale of 0.00 to 2.00, an VST of 1.26 is very good. VST-Vector solves the dilemma of balancing Value, Safety and Timing. Stocks with high RV values often have low RS values, or stocks with low RV and RS values have high RT`s. How can we find the stocks with the best combinations of Value, Safety, and Timing?
The classic vector formula (square root of the sum of the squares) handles this problem. It combines a set of forces into a single indicator for ranking every stock in the VectorVest database. Stocks with the highest VST-Vector have the best combinations of Value, Safety and Timing. These are the ones to own for above average capital application.


GRT (Growth Rate): PSTA has a GRT of 12 % per year. This is good. GRT stands for forecasted Earnings Growth Rate in percent per year. GRT is updated each week for every stock. Watch GRT trends very carefully. If the GRT trend is up, the stock`s Price will likely rise. If the GRT trend is down, the stock`s Price will increase more slowly, cease to increase, or subsequently fall.

Recommendation (REC): PSTA has a Buy recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks which are rising in price, and to avoid or sell risky, overvalued stocks which are falling in price.
VectorVest is tuned to give an "H" or "B" signal when a stock`s price is approximately 10% above a recent low, and an "S" signal when the stock`s price is approximately 10% below a recent high. High RV, RS stocks are favored toward receiving "B" REC`s, and sheltered from receiving "S" RECs.


STOP-PRICE: PSTA has a Stop-Price of 6.15 per share. This is 0.70 or 10.2 % below its current closing Price. VectorVest analyzes over 7,400 stocks each day for Value, Safety and Timing, and calculates a Stop-Price for each stock. These Stop-Prices are based upon 13 week moving averages of closing prices, and are fine-tuned according to each stock`s fundamentals.
In the VectorVest system, a stock gets a "B" or an "H" recommendation if its price is above its Stop-Price, and an "S" recommendation if its price is below its Stop-Price.


DIV (Dividend): PSTA does not pay a dividend. VectorVest focuses on annual, regular, cash dividends indicated by the most recent disbursement. Special distributions, one-time payments, stock dividends, etc., generally are not included in Dividend (DIV).

DY (Dividend Yield): PSTA has a DY of 0 percent. This is below the current market average of 1.1 %. DY equals 100 x (DIV/PRICE), and is expressed as a percentage.

EY (Earnings Yield): PSTA has an EY of 6.94%. This is above the current market average of 3.83%. EY equals 100 x (EARNINGS PER SHARE/PRICE), and is expressed as a percentage.

EPS (Earnings Per Share): PSTA has an EPS of $0.48 per share. EPS stands for leading 12 months Earnings Per Share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.

P/E (Price to Earnings Ratio): PSTA has a P/E ratio of 14.27. This ratio is computed daily based upon Price and EPS. P/E = Price/EPS.

GPE (Growth to P/E Ratio): PSTA has a GPE of 0.83. This ratio suggests that PSTA is overvalued. Growth to P/E ratio is a popular measure of stock valuation which compares Earnings Growth Rate (GRT) to Price Earnings ratio (P/E). A stock is considered to be undervalued when GPE is greater than 1.00, and vice-versa. VectorVest believes that RV is a much better indicator of long-term value. The RV of 1.26 for PSTA is very good.

DS (Dividend Safety): PSTA has a DS of 0. On a scale of 0 to 99, a DS of 0 is poor. DS is defined as the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. Stocks with DS values above 50 on a scale of 0 to 99 are above average in safety.

RISK (Dividend Risk): PSTA does not pay a dividend. All stocks in the VectorVest system that pay dividends are classified as having Low, Medium or High Dividend Risk (RISK). Stocks with DS values above 50 are above average in safety. These stocks are classified as having LOW or MEDIUM RISK. Stocks with DS values below 50 are below average in safety and are classified as having HIGH Risk.

DG (Dividend Growth): PSTA has a DG of 0 percent per year. Dividend Growth is a subtle yet important indicator of a company`s historical financial performance and the board`s current outlook on the future use of funds.

YSG-VECTOR (Yield-Safety-Growth Vector): PSTA has a YSG-Vector of 0. On a scale of 0.00 to 2.00, a YSG-Vector rating of 0 is very poor. VectorVest combines Dividend YIELD, SAFETY and GROWTH into a single parameter. YSG-Vector allows direct comparison of all dividend paying stocks. Stocks with the highest YSG-Vector values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for above average current income and long-term growth.

VOL(100)s: PSTA traded 30200 shares on 12/16/2002.

AVG VOL(100)s: PSTA has an Average Volume of 29500. Average Volume is 50 day moving average of daily volume as computed by VectorVest.


% VOL: PSTA had a Volume change of 2.5% from its 50 day moving average volume.

OPEN: PSTA opened trading at $6.89 per share on 12/16/2002.

HIGH: PSTA traded at a high of $6.90 per share on 12/16/2002.

LOW: PSTA traded at a low of $6.52 per share on 12/16/2002.

CLOSE: PSTA Closed trading at $6.85 per share on 12/16/2002.

% PRC: PSTA showed a Price change of -1% from the prior day`s closing price.

INDUSTRY: PSTA has been assigned to the Food (Prepared) Group. VectorVest classifies stocks into over 190 Industry Groups and 50 Business Sectors.

PSTA has about average safety with well above average upside potential. It reflects a stock which is likely to give well above average, relatively consistent returns over the long term.

The basic strategy of VectorVest is to buy low risk, high reward stocks. We suggest that Prudent investors buy enough high Relative Value, high Relative Safety stocks to keep the overall RV and RS ratings of their portfolios above 1.00. As you do this, you`ll find that your risk will go down and your investment performance will improve. Not a bad combination. Thank you for your interest in VectorVest.

[proxim]

Monterey Pasta Reports Twenty-Fourth Straight Profitable Quarter
Thursday May 8, 7:32 am ET
E.P.S. at $0.06
New Product Mix and New Packaging Introductions Scheduled for Second Quarter


SALINAS, Calif.--(BUSINESS WIRE)--May 8, 2003--Monterey Pasta Company (Nasdaq:PSTA - News) today reported net income for the quarter ended March 30, 2003 of $912,000, or $0.06 per share, on sales of $16,077,000, based on 14.4 million diluted shares outstanding. This compares with a net income of $1,986,000 for the quarter ended March 31, 2002, which resulted in earnings of $0.14 per share, on sales of $16,062,000, based on 14.6 million diluted shares outstanding. The 2003 net income number reflects a 38.5% combined State and Federal tax rate for financial statement purposes, while the 2002 net income number reflects a 12% tax rate. Adjusting the 2002 income before tax for the same the rates applicable in 2003 results in comparable net income of $1,388,000, and earnings per share of $.10.
ADVERTISEMENT


Gross profit was 34.7% compared with 37.9% for the prior year, a decline of 3.2%. Contributing to this decline was a write-off of existing label inventory related to new packaging designs, an increase in fixed costs associated with the plant expansion to support a higher potential sales level, and higher fixed costs in general added to support higher future sales expectations.

Selling, general and administrative expenses were 25.6% of sales in first quarter 2003, compared with 23.7% of sales in first quarter 2002. The increase of 1.9% as a percent of sales was due to increased freight cost as a percent of sales caused by escalating diesel fuel prices and change in mix of shipping points and load size, increased amortization expense due to the intangible assets acquired with the Emerald Valley Kitchen acquisition, as well as added salaries expense.

"Sales revenue and earnings were in line with our expectations for the first quarter as our customers in the retail and club sector continued their struggles to achieve real growth, and we worked on various imperatives to refuel the long-term growth of our business," commented Jim Williams, president and CEO of Monterey Pasta Company. "One of the key areas of emphasis over recent months has been to enhance the visual impact of our product on the shelf," continued Williams. "We have initiated dramatic improvements in package impact and communication, as well as eye appeal and flavor of our products in an effort to promote initial purchase and repeat sales. In addition to a very appealing overwrap with attractive food photography and a window for viewing the product, we have added the phrase `cooks in five minutes` to attract today`s time-pressured consumer. We have also modified the color, flavor and texture of the pasta itself to appeal to changing consumer preferences."

Williams continued, "The first acceptance of our packaging and product enhancements is a new program now being launched with our second largest customer. This program features our innovative new packaging design and new items such as lasagna and chunky sauces. Most of this customer`s locations will soon have an expanded number of Monterey Pasta items, and an increased allocation of space from the former program. First quarter sales to this customer were down 27% compared with the prior year. Management believes this decline was a result of the reduced number of items and limited sales promotion that occurred while the new program was being evaluated and negotiated. Because of the phased timing of the initial launch of the new program, the need to draw down inventories of existing product and resultant lower shipments of existing items during the transition to the new line, we do not expect a significant positive impact on sales from this customer in the second quarter. Provided the new program is successful, any incremental sales would begin to show up in the last six months of the year."

Williams also referenced the private label relationship with its largest private label customer. "This customer has designed a new label for its pasta and sauce line, to be launched in May, which, along with a new merchandising effort will test the strength of the product line. We will have a better feel for the direction and success of that program late in the second quarter."

Williams continued, "Our largest club store customer has been reevaluating the number of items in its refrigerated section and has initiated a reduction in the total number of items offered, although not the total space devoted to refrigerated items. Although Monterey Pasta has been negatively affected by this reduction, the magnitude of the eventual impact is unclear at this time, since it is still in progress and any reduction may be offset by the introduction of new items, or increased turnover from items carried. Our sales to this customer were down 20% in the first quarter of 2003 compared with the prior year, although not all of the reduction resulted from the reduced number of items stocked. Late in the second quarter we will be introducing our new packaging and new items. We will be in a better position to evaluate the impact of the new packaging and new items in the third quarter."

Williams concluded his sales analysis with this comment, "A bright spot, which helped offset the decline in club store sales, is the growth of our retail chain business. Our retail sales during the quarter grew over 60% compared with last year, and represented over 37% of first quarter sales. Approximately 27% of this increase was due to the acquisition of Emerald Valley Kitchen. We are aggressively pursuing additional retail accounts and other channels of distribution and new items will be offered throughout the coming months. The new packaging will be introduced in the retail sector later in the year."

Founded as a regional brand, Monterey Pasta now has national distribution in over 8,700 retail and club stores throughout the United States and selected regions of Canada, the Caribbean, Latin America, and Asia Pacific. Monterey Pasta manufactures USDA inspected, fresh gourmet refrigerated food products at its integrated 133,000 square foot corporate headquarters, distribution, and manufacturing facilities in Salinas (Monterey County), Calif., and its 19,000 square foot organic food production facility in Eugene, Ore.

This press release contains forward-looking statements regarding the marketing and sales of the Company`s products that involve a number of uncertainties and risks that could cause actual results to differ materially from those discussed in the forward-looking statements. Risks that could cause actual results to differ materially from those discussed in the forward-looking statements, include risks associated with any reduction of sales to two major customers currently comprising a majority of total revenues, risks associated with timely and cost-effective introduction of new products in the coming months, risks associated with accomplishing the anticipated results of the recently-completed plant expansion program, retention of key personnel and retention of key management, the risks inherent in food production, and intense competition in the market in which the Company competes. Future sales projections are based in part on the assumption that we will retain the current level of business in existing retail and club stores, and will continue to add new stores. The Company undertakes no obligation to update or revise publicly, any forward looking statements whether as a result of new information, future events or otherwise. For additional information regarding the specific risks mentioned and other risks, please read the Company`s Annual Report on Form 10-K, for the year ended Dec. 29, 2002, Report of Material Event on Form 8-K filed Feb. 26, 2003, and its Proxy Statement filed June 17, 2002.

Table to follow***
-0-

MONTEREY PASTA COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

(000`s except earnings per share numbers)

First Quarter and YTD Ended
----------------------------------
March 30, 2003 March 31, 2002
---------------- ----------------

Net revenues 16,077 16,062
Cost of sales 10,493 9,975
---------------- ----------------

Gross profit 5,584 6,087
Selling, general and administrative
expenses 4,124 3,812
---------------- ----------------
Operating income 1,460 2,275

Loss on disposition of assets - (68)

Other income, net - 7

Interest income, net 23 43
---------------- ----------------

Income before provision for income
taxes 1,483 2,257

Provision for income taxes (571) (271)
---------------- ----------------

Net income 912 1,986
---------------- ----------------


Basic and diluted income per common
share 0.06 0.14


Basic shares outstanding 14,200,588 13,860,540

Diluted shares outstanding 14,412,116 14,599,802

PROFORMA FINANCIAL RESULTS
TAXATION AT 38.5%
(Unaudited)

Income before provision for income
taxes 1,483 2,257

Provision for income taxes at 38.5% (571) (869)

Net income 912 1,388


Basic and diluted income per common
share 0.06 0.10


Basic shares outstanding 14,200,588 13,860,540

Diluted shares outstanding 14,412,116 14,599,802



--------------------------------------------------------------------------------
Contact:
Monterey Pasta Company
Steve Brinkman, 831/753-6262 ext. 103 (CFO)
[e-mail]
Jim Williams, 831/753-6262 ext. 118 (CEO)
[e-mail]



--------------------------------------------------------------------------------
Source: Monterey Pasta Company

[proxim]

PSTA gestern gegen Trend

[mumienBULLE]

2003-04-17 GRUBER & MCBAINE CAPTL
Beneficial Owner (10% or more) *7,000 Purchase at $3.02 per share.
(Cost of $21,140)
2003-04-17 GRUBER & MCBAINE CAPTL
Beneficial Owner (10% or more) 3,000 Purchase at $3.02 per share.
(Cost of $9,060)
2003-03-16 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) 6,000 Purchase at $3.025 per share.
(Cost of $18,150)
2003-03-16 GRUBER & MCBAINE CAPTL
Beneficial Owner (10% or more) 6,000 Purchase at $3.025 per share.
(Cost of $18,150


2002-11-04 -
2002-11-07 CRUGER, CHRIS
Director 3,000 Purchase at $6.078 - $6.74 per share.
(Cost of about $19,000)


2002-10-10 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *8,900 Purchase at $5.07 per share.
(Cost of $45,123)
2002-10-10 GRUBER, JON D.
Beneficial Owner (10% or more) *8,900 Purchase at $5.07 per share.
(Cost of $45,123)
2002-10-10 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *8,900 Purchase at $5.07 per share.
(Cost of $45,123)
2002-10-10 SWERGOLD, ERIC D.
Beneficial Owner (10% or more) *8,900 Purchase at $5.07 per share.
(Cost of $45,123)
2002-10-09 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *8,600 Purchase at $5.07 per share.
(Cost of $43,602)
2002-10-09 SWERGOLD, ERIC
Beneficial Owner (10% or more) *8,600 Purchase at $5.07 per share.
(Cost of $43,602)
2002-10-09 GRUBER, JON D.
Beneficial Owner (10% or more) *8,600 Purchase at $5.07 per share.
(Cost of $43,602)
2002-10-09 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *8,600 Purchase at $5.07 per share.
(Cost of $43,602)
2002-10-01 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *4,000 Purchase at $4.48 per share.
(Cost of $17,920)
2002-10-01 SWERGOLD, ERIC
Beneficial Owner (10% or more) *4,000 Purchase at $4.48 per share.
(Cost of $17,920)
2002-10-01 GRUBER, JON D.
Beneficial Owner (10% or more) *4,000 Purchase at $4.48 per share.
(Cost of $17,920)
2002-10-01 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *4,000 Purchase at $4.48 per share.
(Cost of $17,920)
2002-09-30 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *30,000 Purchase at $4.65 per share.
(Cost of $139,500)
2002-09-30 SWERGOLD, ERIC
Beneficial Owner (10% or more) *30,000 Purchase at $4.65 per share.
(Cost of $139,500)
2002-09-30 GRUBER, JON D.
Beneficial Owner (10% or more) *30,000 Purchase at $4.65 per share.
(Cost of $139,500)
2002-09-30 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *30,000 Purchase at $4.65 per share.
(Cost of $139,500)
2002-09-26 MCBAINE, PATTERSON J.
Beneficial Owner (10% or more) *11,900 Purchase at $4.61 per share.
(Cost of $54,859)
2002-09-26 SWERGOLD, ERIC
Beneficial Owner (10% or more) *11,900 Purchase at $4.61 per share.
(Cost of $54,859)
2002-09-26 GRUBER, JON D.
Beneficial Owner (10% or more) *11,900 Purchase at $4.61 per share.
(Cost of $54,859)
2002-09-26 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *11,900 Purchase at $4.61 per share.
(Cost of $54,859)
2002-09-25 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *20,200 Purchase at $4.53 per share.
(Cost of $91,506)
2002-09-25 GRUBER, JON D.
Beneficial Owner (10% or more) *20,200 Purchase at $4.53 per share.
(Cost of $91,506)
2002-09-25 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *20,200 Purchase at $4.53 per share.
(Cost of $91,506)
2002-09-25 SWERGOLD, ERIC B.
Beneficial Owner (10% or more) *20,200 Purchase at $4.53 per share.
(Cost of $91,506)
2002-09-24 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *20,000 Purchase at $4.39 per share.
(Cost of $87,800)
2002-09-24 GRUBER, JON D.
Beneficial Owner (10% or more) *20,000 Purchase at $4.39 per share.
(Cost of $87,800)
2002-09-24 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *20,000 Purchase at $4.39 per share.
(Cost of $87,800)
2002-09-24 SWERGOLD, ERIC B.
Beneficial Owner (10% or more) *20,000 Purchase at $4.39 per share.
(Cost of $87,800)
2002-09-23 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *10,000 Purchase at $4.45 per share.
(Cost of $44,500)
2002-09-23 GRUBER, JON D.
Beneficial Owner (10% or more) *10,000 Purchase at $4.45 per share.
(Cost of $44,500)
2002-09-23 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *10,000 Purchase at $4.45 per share.
(Cost of $44,500)
2002-09-23 SWERGOLD, ERIC B.
Beneficial Owner (10% or more) *10,000 Purchase at $4.45 per share.
(Cost of $44,500)
2002-09-19 MCBAINE, J. PATTERSON
Beneficial Owner (10% or more) *30,500 Purchase at $4.40 - $4.45 per share.
(Cost of about $135,000)
2002-09-19 GRUBER, JON D.
Beneficial Owner (10% or more) *30,500 Purchase at $4.40 - $4.45 per share.
(Cost of about $135,000)
2002-09-19 GRUBER &MCBAINE CMLLC
Beneficial Owner (10% or more) *30,500 Purchase at $4.40 - $4.45 per share.
(Cost of about $135,000)
2002-09-19 SWERGOLD, ERIC B.
Beneficial Owner (10% or more) *30,500 Purchase at $4.40 - $4.45 per share.
(Cost of about $135,000)

[proxim]

psta +10%