GATA announced unbelievable earnings, hugely undervalued with $25 million cash on hand
Published: Tue, 02/17/15
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Groupe Athena, Inc (GATA)
Traders,
Biotech's and pharmaceutical's are running hot
on Wall Street right now. I could list about 20 or so tickers that have
run 300-500%+ in the past couple months, and there is no signs of them
slowing down yet.
So when I tell you that Groupe Athena, Inc (GATA) is in the pharmaceutical industry and they just announced revenues of $19 million and net income of $1.85 million for the quarter ended 31 December 2014, you simply have to pay attention.
What is more incredible is they announced cash and cash reserves of almost $25 million, $0.52 per share.
GATA closed at $0.1677 on Friday. This means GATA has 3x its share price in cash alone.
I challenge you to find ANY company on ANY exchange (big or small) that is trading so cheaply.
We think GATA could easily double or triple from here and it would still be considered extremely cheap by any valuation metric.
I
never throw around the terms like "an undiscovered gem" or "diamond in
the rough", but that is exactly what GATA appears to be... a company
with incredible earnings, extremely strong financial position and
trading remarkably cheap compared to almost all other public companies
out there. Per their latest filing,
GATA has a market cap of under $8 million and a tiny float of $970k.
Simply amazing considering the earnings they just announced and cash
they have on hand.
Check out their latest press release and you confirm for yourself the numbers I am quoting here...
Groupe Athena, Inc. Posts 2nd Quarter ResultsMUMBAI, INDIA / ACCESSWIRE / January 21, 2015 / Groupe Athena, Inc. (OTC Pink: GATA), announced today revenues of $19,005,429 for the period ending December 31, 2014, an increase of $1,043,977 over the same period in 2013. Operating income before Depreciation and Amortization was $2,845,789 and reflects a Research and Development charge of $428,659. Net income for the period was $1,859,924 or $.04 per share. The company is pleased to say that total assets including cash and reserves are now $24,685,730 which is more than $.52 per share and liabilities remain low at $59,138. The Indian pharmaceutical industry is increasingly focusing on exports to the United States and GATA is well positioned to help them get their products approved by the FDA for sales in the US. All of these are potential clients and the Company believes it has an advantage over competitors due to the facilities based in India, and their ability to deliver quick feedback to clients that could result in expedited order generation. With recent additions to equipment, the company will continue to take on additional contracts and continue to anticipate further growth. The company also continues to negotiate with several Indian drug companies for the manufacture of additional generic pharmaceuticals with intent to market in the United Kingdom under the anticipated license they are in the process of applying for. View this press release in full at http://finance.yahoo.com/news/groupe-athena-inc-posts-2nd-145600471.html
About GATA
Groupe Athena, Inc. was
incorporated in June 2008 and began operations on July 1 of that year.
The company is a research and testing organization and helps various
pharmaceutical and medical products and devices companies in India and
Southeast Asia to get regulatory approvals and facilitate exports of
their products to the United States. The Company accomplishes this by
assisting clients from concept through development, providing
consultation on regulatory requirements, filings and processes.
Primarily serving India and South East Asia, Groupe Athena has been serving
companies abroad in obtaining FDA approval for pharmaceuticals, medical
products and devices for export to the USA. Our goal is to ensure each
of our clients passes FDA inspection by assisting them from concept
through development, with consultation through all the regulatory
requirements, filings, and processes to achieve FDA compliance and
approval.
With offices in India and America, the expert consultants of Groupe Athena are in position to go to American target companies and the regulatory authorities directly, consulting with our clients in the East to serve them completely in providing consultancy services for FDA compliance. Services include providing technical and regulatory consulting for biotechnical products, pharmaceuticals [over the counter, prescription and generics], diagnostics, medical equipment, and devices. The FDA inspection process is traditionally complicated, especially for foreign drug and medical companies trying to export to the USA. With broad spectrum consultancy and assistance through this process, our client base can count on reduced risk, follow-through on steps necessary for FDA compliance and identifying and solving breaches in compliance. From concept through final approval, Groupe Athena navigates companies through every requirement of the process including pharmaceutical consulting, development, and regulatory compliance to achieve FDA approval and export pharmaceuticals and medical products and equipment to the USA. For more info on GATA, visit their website at www.groupeathena.com
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