The Ohio Art Company: Political Gaffe Sends Shares Soaring ($OART, $CNRD)

The Ohio Art Company (PINK: OART), maker of the iconic Etch A Sketch children’s toy, found itself to be the temporary beneficiary of a political gaffe. On Wednesday, one of Mitt Romney’s senior Aids, Eric Fehrnstrom, had this to say on CNN:

The media have reported this as a political gaffe, as suggesting Romney can change his positions when running against President Obama “like an Etch A Sketch”, plays into the criticism of Romney . . .

→ Read More: The Ohio Art Company: Political Gaffe Sends Shares Soaring ($OART, $CNRD)

Precision Auto Care: Size Matters ($PACI, $CNRD)

Precision Auto Care (PINK: PACI) is a franchisor and operator of auto repair centers, with 262 locations in the United States and 79 international locations. Many investors are scared of the pink sheets, which means that these companies often provide great and overlooked value opportunities (like Conrad Industries – one of the best value opportunities I have found yet). That said, it is important to be cautious with these companies, since they are subject to less oversight.

When dealing . . .

→ Read More: Precision Auto Care: Size Matters ($PACI, $CNRD)

How to Evaluate Cyclical Companies: Conrad Industries ($CNRD)

I have written about Conrad Industries (OTC: CNRD) several times, but I thought it would be worth looking at again, in light of the cyclical nature of its industry and the company’s improving fundamentals. For those who may not be familiar, CNRD builds, converts and repairs marine vessels at its four shipyards located around the Gulf of Mexico. The following chart shows the historical returns of CNRD since it went public in 1997 (note: the company ultimately delisted . . .

→ Read More: How to Evaluate Cyclical Companies: Conrad Industries ($CNRD)

Conrad Industries Update: Impressive first quarter results! ($CNRD)

I provided my investment thesis for Conrad Industries (OTC: CNRD) here, and wrote about it here and here. In case you missed the release of their recent 10-Q (which is an easy thing to do, seeing as they trade over the counter and so you have to get their updated info at otcmarkets.com), I’ll give you the quick update: they performed spectacularly.

In 1Q 2011, the company had revenues of $63 million, which compares to $139 . . .

→ Read More: Conrad Industries Update: Impressive first quarter results! ($CNRD)

Conrad Industries Update: Positive signs in backlog growth and resumption of Gulf of Mexico drilling (CNRD)

On February 10, I published my analysis of Conrad Industries (CNRD). The company published its 10-K (here) yesterday, and the market responded by sending shares up 7.7%:

For 2010 we recorded revenues of $138.8 million and net income of $10.3 million. Factors contributing to oursuccess included a favorable backlog of existing jobs going into the year, a diversified customer and project base, improved production processes and cost management. We have also had a significant increase in demand fromcustomers . . .

→ Read More: Conrad Industries Update: Positive signs in backlog growth and resumption of Gulf of Mexico drilling (CNRD)