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Spicy Pickle Still Going Strong

They've done it again. And at this point, it's become an epidemic....which is a good thing when you're talking about corporate growth.

It's probably not a surprise at all to learn Spicy Pickle (OTCBB: SPKL) has opened two more stores. That makes seven stores they've opened in nine weeks, bringing the total up to 33. The company still expects to have between 38 and 40 operational stores by the end of the year, thanks to tremendous growth in just the last few months. 

Additionally, the company has over 50 more signed franchise agreements in hand, and anticipates all of those should be up and running by the end of 2008. That pushes the 2008 year-end total up to about 90, and still doesn't count any new deals they'll be signing between now and then. Is it any wonder investors are getting excited? 

As a reminder, each restaurant contributes 5% of their sales to the company's top line, plus the corporation receives a 2% rebate from the restaurant's suppliers. With the average unit doing about $700,000 per year, each one means about $50,000 worth of high-margin revenue for the organization. 

With 33 storefronts up and running, we estimate annual revenues should be somewhere around $1.65 million. With 90 stores in operation, annual revenues should be somewhere around $4.5 million. And, as more and more deals are signed, the bar just keeps getting higher and higher. 

As if that weren't enough, don't forget the one-time franchise fee (between $17K and $35K) Spicy Pickle collects each time a new store is open. Like we already asked, is it any wonder investors are getting excited? 

Regarding the chart, it seems to be settling in around $1.30 after a fairly wild ride over the last month and a half. We saw a low of $1.09 in early November, and then a high of $1.65 a few days later. Now we're just splitting the difference, as traders stand by for the next bit of news to work off of. Of course, today's news may well be such a catalyst. From that perspective, many traders might say a move above the 20 day moving average line at $1.41 would constitute a trade-worthy breakout effort. 

Both of the new restaurants are in Colorado. The press release is below.
 

Is 'Wireless Age' Coming of Age?

Wireless Age Communications Inc. (OTCBB: WLSA) has managed to get somebody's attention since August. The move from the average August price of 11 cents to the current price of 19 cents not only improved the stock's value by 72%, but also carried shares back above the all-important 200 day moving average line. 

So what inspired the new mood? In a nutshell, results. For the quarter ending on September 30th, the company earned $496K...a small amount, but a big achievement. Continuing operational charges and discontinued operations charge sucked that positive number into the red again, but the incremental progress on a quarterly basis has been clear. 

More importantly, the company now sees a path to profitability, and plans to stay on it. Wireless Age's CFO Gary Hokkanen said of last quarter's as well as last month's results "October revenues indicate that the trend of strong results from continuing operations will continue." Granted, most commentary from insiders is just supportive rhetoric, but Wireless Age's management is putting their money where their mouth is.... 

The Company's Chairman and CEO, John G. Simmonds bought 275,000 shares in the open market last week. Before that, the company repurchased 2.5 million 12 cents warrants as well as 2.5 million 25 cent warrants. In both cases, a strong value proposition for the future of WLSA shares was the motivating factor. 

Wireless Age's core businesses are in wireless device retail, wholesale and engineering enterprises within the North American wireless industry. Approximately 59 million shares are outstanding. At a share price of 19 cents, the market cap is about $11.2 million. For comparison, the company did $33.5 million in sales last year. That's an unusually low valuation, which may be why the stock is starting to perk up.
 

Is Your Technology 'Patriotic'? Probably So

It took a year and a half to jump-start them, but Patriot Scientific (OTCBB: PTSC) are finally starting to make real progress again. After hitting a low of 38 cents in October, the stock has pulled itself out of a long-term rut and managed to reach the current price of 60 cents....more than a 50% gain.

Perhaps more importantly, PTSC has knocked down some key barriers. The first noticeable barrier to be toppled is the 200 day moving average line. This is the first time in more than a year this stock has managed to get and stay above that long-term indicator line. The other ceiling that's been broken has been the straight-line resistance extending all the way back to April of 2006.

What changed in the last couple of months? A lot, actually. In mid-October, Cohen initiated coverage of Patriot Scientific with a 'buy' rating. That was followed by Deloitte putting Patriot Scientific in the fourth highest spot of their 'Technology Fast 50' list. Though neither had an immediate impact on the stock's price, we feel both certainly played a role in prodding early November's buyers. 

The company has done their part too though. In late October - and this coincided with when the rally started - Patriot signed Philips (as in Royal Philips Electronics) as a licensee for the Moore Microprocessor Patent. TEAC Corporation got on board as a licensee in Mid-November...the 24th licensee for the same patent. We believe more licensees are on the way. 

Why is the patent such a big deal? The core microprocessor technology breakthroughs in Patriot Scientific's patent portfolio are practically found in every microprocessor manufactured since 1995. 

The company's recent fiscal history looks challenged. Investors need to keep more recent news in mind though - somebody clearly got excited about this stock last month. 

Here's the Spicy Pickle news.
 

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The Managing Member of Pacific Shores Investments, LLC purchased 200,000 shares of Spicy Pickle at $.25 per share. This purchase was made in a Spicy Pickle private offering back in November of 2006. The Managing Member of Pacific Shores Investments, LLC has also purchased 50,000 shares of Spicy Pickle in the open market with an average cost basis of $.55 per share. Additionally, Pacific Shores Investments, LLC has been paid a fee of $30,000 cash and 250,000 shares of newly issued restricted stock by Spicy Pickle Franchising, Inc. for coverage of the Company.

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