CCF,Chase Corp- The earnings effect

CCF,Chase Corp (Google Yahoo Earnings BW Chart)

CCF volume before breakout day 0. Yes it traded 0 shares on Thursday before the breakout on earning news. Earnings announced mid day and see what happened. Stock has a float of 3.5 million. Good earnings on neglected stocks lead to explosion.

Chase Corporation Announces Record Revenue and Net Income for First Quarter of Fiscal Year 2007

BRIDGEWATER, Mass.--(BUSINESS WIRE)--Chase Corporation (AMEX:CCF) today reported revenues of $31,245,000 for the three months ended November 30, 2006, representing an increase of 26% or $6,394,000 from revenues of $24,851,000 in the same period last year. Net income in the first quarter of fiscal 2007 was $2,548,000, an increase of $1,530,000 compared to $1,018,000 in the prior year period. Diluted earnings per share increased $0.36 or 138% to $0.62 per diluted share compared to $0.26 in fiscal 2006.

If you have systematic way to track earnings everyday, you would not miss such opportunities. More opportunities like this show up everyday during earning season.

Related posts in this series:
Earnings Season- Time to be very careful...
Earnings and Dan Zanger
Earning Surprise System for $1495
Trading Earnings Breakouts
Earnings Acceleration- Long Term Impact
Trading Earnings Breakout -Part1
Trading Earnings Breakouts -Part2
Trading Earnings Breakouts -Part3

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3 comments:

Unknown said...: Anything with news (not just earnings) rallies in a bull market like this.

The old QQQQ 44 calls I said to buy in late December near 0.30 now trading nearly 500% return.

Semis are the correct longer term play, IMHO.; Jan 14, 2007, 2:33:00 AM
Larry said...: Is there a good way to stay up to date on earnings announcements? Is there any way to be notified as these announcements are made, or does one need to simply keep checking the news? If so, are there any sites that you'd recommend? Thanks!; Jan 16, 2007, 10:29:00 AM
Pradeep Bonde said...: Sources of earnings:
WSJ earning center
earnings.com
Zacks
Investor Business Daily
Briefing.com
Reuters
Marketwatch earnings section

Basicaly there are only 3-4 major earning information providers like Reuters, Zacks, S&P and Thompsons. All other sites pull information from these sources and massage it.; Jan 16, 2007, 11:47:00 AM

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