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Revisiting a high flying penny in Feb. staging a turnaround, that is set for Mass Production.
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It may be time to revisit a recent high flyer we articled a couple weeks ago ( http://www.examiner.com/x-3765-Denver-Stock-Market-Examiner~y2010m3d1-Best-gainer-900-were-tracking-seeing-some-good-deals-in-Feb--Anticipates-more ) for a couple reasons.
First it has pulled back significantly (75%) in March from it's flight to .04 all the way back to .01.
Second, it came out with news today that sets the stage for mass production, and likely, a potential turnaround.
Wanderport and Xiamen Primo Electronics Co., Ltd. Beta-Ready With Factory Approved Controller Design Scalable for Mass ProductionMarketwire(Thu 1:31pm)
Excerpt: ..(We) have completed work resulting in Wanderport now having a beta-ready approved design that is scalable for mass production....
What resulted when the news came out:
0.0190 
0.0060 (46.15%)
0.0060 (46.15%)At the height of it's runup in Febuary it was up over 800% for 2010 alone.
Recall the news that drove the runup. In particular the Australian deal.
Wanderport Signs Multi-Year Australian Distribution Agreement Valued at $50 Million
Marketwire (Fri, Feb 12)
Marketwire (Fri, Feb 12)
Gavin Ovens and Australia's $125 Million Market Distribution Network Taking ShapeMarketwire(Mon, Mar 1)
Other recent news that has helped.
Wanderport Signs LOI for the United States
Marketwire (Wed, Mar 3)
Marketwire (Wed, Mar 3)
Wanderport Signs a Sales and Distribution Agreement for Eastern-EuropeMarketwire(Tue, Mar 2)
| • | Wanderport Returns 130 Million Shares to Treasury Marketwire (Wed, Feb 24) |
Wanderport Signs Agreement to Supply Turkey and the Middle East, Worth $11m Over Five Years
Marketwire (Mon, Feb 22)
Marketwire (Mon, Feb 22)
Recently, we inquired the IR dept regarding the pullback and thoughts on the stock moving forward. Part of the response we got was this:
From: Robert Pulsatech Dated: Wednesday, March 10, 2010 10:15 AM
.....we hope to support the share price with fundamentals that unfortunately don't always go according to market timeline expectations.........Continued news flow reflecting achievements will follow soon.
Balance sheet according to Yahoo.....Not sure how much we can trust, but does specify trading below book.
| Balance Sheet | |
| Total Cash (mrq): | 1.12M |
| Total Cash Per Share (mrq): | 0.007 |
| Total Debt (mrq): | 0 |
| Total Debt/Equity (mrq): | N/A |
| Current Ratio (mrq): | 2.611 |
| Book Value Per Share (mrq): | 0.03 |
Bottom Line: May need to consolidate yesterday's runup some, but we think it's the start of a turnaround. Look for a higher low developing around .015. Additional news likely propelling it to .025.
| SUMMARY |
| Wanderport Corporation develops, markets, and sells water heaters in the United States. It offers the Pulsar microwave tank-less water heaters for various residential and commercial applications. |
Wanderport Corporation
61 Shady Tree Lane
Carson City, NV 89706
United States - Map
Phone: 917-338-7957
Web Site: http://www.wanderport-ir.com
61 Shady Tree Lane
Carson City, NV 89706
United States - Map
Phone: 917-338-7957
Web Site: http://www.wanderport-ir.com
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