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In October of '06 we introduced Spartan Motors at $14.32
that equity closed yesterday at $32.26. There's another Spartan
out there that you may want to take a look at. Spartan Stores
(SPTN) which just announced quarterly profits rising 36%. Also
below find the latest news from Nexia Holdings (NEXA) and Clearly
Canadian Beverage (CCBEF).
Spartan
Stores (SPTN)
Website:
www.spartanstores.com
SPTN is the
nation’s tenth largest grocery distributor.
To
learn more about Spartan Stores Click
Here.
Overview
Over the past several years, while the grocery industry was experiencing
significant consolidation, Spartan Stores began to implement its strategy of
owning and operating retail supermarkets. This plan should enable the company
to compete more effectively in this rapidly changing and dynamic business. Spartan Stores owns and operates
68 supermarkets and 19 deep-discount food and drug
stores in addition to distributing to more than 350 supermarkets.
The Company expects to close on the acquisition of 20 retail stores from
G&R Felpausch Company, in the first quarter of 2008.
SPTN
Investor Highlights
-
Consolidated net sales for the
13-week fourth quarter increased 23.6 percent to $559.5 million from $452.8
million in last year's 12-week fourth quarter.
-
Operating earnings improved for the
fifth consecutive quarter, increasing 34.2 percent to $14.0 million from $10.4
million in the same period last year.
-
Net sales have improved by at least
12 percent for the past four quarters and operating earnings have grown by
double digits in nine of our last 11 quarters.
-
Net earnings for the quarter
increased 36.4 percent to $7.2 million, or $0.34 per diluted share, from $5.3
million, or $0.25 per diluted share, in the same period last year.
-
Reduced outstanding borrowings by
approximately $19.2 million during the fourth quarter. The reduction in
outstanding borrowings was the result of improved cash flow from operations due
to higher earnings and improved inventory turnover rates.
-
Added to Standard & Poor's
Small-Cap 600.
-
Entered into a purchase agreement to
acquire 20 retail grocery stores, two fuel centers and three convenience stores,
from G&R Felpausch Company.
Profile
Spartan Stores (SPTN) is the nation's tenth largest
grocery distributor with warehouse facilities in Grand Rapids and Plymouth,
Michigan.
The Company distributes more than 40,000
private-label and national brand products to over 350 independent grocery
stores in Michigan, Indiana and Ohio. Spartan Stores also owns and operates
68 retail supermarkets and 19 deep-discount food and drug stores in Michigan
and Ohio, including Family Fare Supermarkets, Glen's Markets, D&W Fresh
Markets, and The Pharm.
Clearly
Canadian (CCBEF)
Press
Release: Gulf
Coast Beverage Signing Adds Texas to Distribution Network
Gulf Coast Beverage
is one of the major DSD operations for supplying premium beverages
in Texas, handling major brands such as Jones Soda, Sweet Leaf
Tea, Arizona Teas and Red Line Energy Beverage.
To learn more
about Clearly Canadian Click
Here.
For the
latest News and Quotes on CCBEF Click
Here.
Nexia
Holdings (NEXA)
Press
Release: Nexia
Reports Strong Retail Sales in the Month of April
In the first four
months of 2007, Black Chandelier reported net retail revenues
increased 329%. Landis Lifestyle Salon reported net sales grew 53%
to in the first four months of 2007 .Including Nexia Holdings'
total rental income from three properties in the Salt Lake
downtown region, total revenue in the first four months of 2007
grew by 83%.
To learn more
about Nexia Holdings Click
Here.
For the
latest News and Quotes on NEXA Click
Here.
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SmallCapReview
feature stock reports are intended to be stock ideas, NOT
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is crucial that you at least look at current SEC filings and read
the latest press releases. For continuing coverage of
CCBEF, NEXA and SPTN please sign up for our free newsletter. Information contained
in this report was extracted from current documents filed with the
SEC, the company web site and other publicly available sources
deemed reliable. For more information see our disclaimer section,
a link of which can be found on our web site. This document
contains forward-looking statements, particularly as related to
the business plans of the Company, within the meaning of Section
27A of the Securities Act of 1933 and Sections 21E of the
Securities Exchange Act of 1934, and are subject to the safe
harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates. The
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in it's disclaimer, what, if any compensation was received for our
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the SCR web site. SCR has been compensated thirty thousand dollars by
Clearly Canadian and was previously compensated seventeen thousand
dollars by Level 3 Research for its efforts in presenting the
CCBEF profile on its website and distributing it to its database
of subscribers. SCR has
been compensated seven thousand
five hundred dollars by Nexia Holdings for its efforts in
presenting the NEXA profile on its website and distributing it to
its database of subscribers. SCR has
not been compensated for its efforts in presenting the SPTN
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READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE
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and/or the National Association of Securities Dealers (NASD)
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Readers can review all public filings by companies at the SEC's
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