|
|
Overview
Highlights
News
Chart
Contacts
|
|
|
|
|
|
|
|
|
| | "Net
Income Is 10 Cents per Share or $1,556,000 on Net Revenues of $40,538,000"
|
| |
|
| |
|
|
|
| Approximate
Financial Snapshot as of 3/19/07 |
|
| Shares
Outstanding |
15.3M |
| 52
Wk Hi/Lo |
7.05/
2.50
|
| Market
Cap |
$93.4M |
| Recent
Price |
$6.12 |
|
|
|
|
|
|
3/19/07
Overhill
Farms (OFI)

Website:
www.overhillfarms.com
A
Custom Manufacturer of Frozen Food Products
Overview
Overhill Farms (OFI) operates
as a custom manufacturer of frozen food products in the United States. Its
products include entrees, plated meals, meal components, soups, sauces,
poultry, and meat and fish specialties. The company offers its products to
foodservice, retail, and airline customers through its internal sales force
and outside food brokers.
With 800 employees and more than 225,000
square feet of state-of-the-art manufacturing facilities, the Company can
cost-effectively meet the unique requirements of many nationally recognized
customers.
Overhill Farms has 35 years experience in the
retail, foodservice, healthy eating, airline, and warehouse club segments.
This is an abbreviated profile
and we encourage readers interested in learning more about Overhill Farms to
visit the company website at www.overhillfarms.com.
OFI
Investor Highlights
- Announced a planned $7
million expansion of the manufacturing capacity of its main Vernon,
California plant. Overhill Farms plans to use the new machinery and
systems to meet anticipated growth and improve operating efficiency.
- James Rudis, Chairman and
CEO said the new equipment and infrastructure improvements are expected
to increase Overhill Farms' production capacity to permit annual sales
of approximately $250 million. In January, Mr. Rudis said the company
expects to be at an annual revenue run rate of $200 million by the third
quarter of fiscal 2007. Overhill Farms reported revenues of $168.3
million in fiscal 2006.
- Reported record net income
of $1,556,000 or 10 cents per share (basic and diluted) for the first
quarter ended December 31, 2006, on revenues for the quarter of
$40,538,000. This represents a 156.3% increase in net income from the
$607,000 or 4 cents per share for the first quarter of last year.
- Announced that it has
signed a three-year agreement to produce meals for a major national food
brand. The agreement is expected to generate sales of approximately $43
million during the first year. Production began in January and is
scheduled to build steadily over the coming months.
Recent
News and Press Releases
Overhill
Farms Announces $7 Million Expansion Plan
Overhill
Farms Reports Record First Quarter Earnings, Projects $200 Million Annual
Revenue Run Rate
Overhill
Farms, Inc. Signs New Key National Account
For the latest Quote
and News on OFI Click
Here.
Three
Month Chart

Outlook
Overhill Farms, Inc., a
micro-cap value company in the consumer non-durables sector, is expected to
significantly outperform the market over the next six months with average
risk. Source MSN
Contacts
Overhill Farms Inc.
2727 East Vernon Avenue
Vernon, CA 90058
Phone: 323-582-9977
Fax: 323-582-6122
SEC Filings
OFI filings with the SEC can be found here.
All Fillings are current and the Company is fully reporting.
Disclaimer
SmallCapReview.com
feature stock reports are intended to be stock ideas, NOT recommendations.
Please do your own research before investing. It is crucial that you at
least look at current SEC filings and read the latest press releases.
For continuing coverage of OFI, 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 information
provided in this report is not intended for distribution to, or use by, any
person or entity in any jurisdiction or country where such distribution or
use would be contrary to law or regulation or which would subject us to any
registration requirement within such jurisdiction or country.
Copyright
SmallCapReview.com. All rights reserved. SmallCapReview.com is not a
Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out
to be. All materials presented on our web site and individual reports
released to the public through this web site, e-mail or any other means of
transmission are not to be regarded as investment advice and are only
for informative purposes. Before making a purchase or sale of any securities featured
on our web site or mentioned in our reports, we strongly encourage and
recommend consultation with a registered securities representative.
This is not to be construed as a solicitation or recommendation to buy or
sell securities. As with any stock, companies we select to profile involve a
degree of investment risk and volatility. Particularly Small-Caps and OTC-BB
stocks. All investors are cautioned that they may lose all or a portion of
their investment if they decide to make a purchase in any of our profiled
companies. Past performance of our profiled stocks is not indicative of
future results. The accuracy or completeness of the information on our web
site or within our reports is only as reliable as the sources they were
obtained from. The profile and opinions expressed herein are expressed
as of the date the profile is posted on site and are subject to change
without notice. No investor should assume that reliance on the views,
opinions or recommendations contained herein will produce profitable
results. SmallCapReview.com may hold
positions in securities mentioned herein, and may make purchases or sales in
such securities featured on our web site or within our reports. In order to
be in full compliance with the Securities Act of 1933, Section 17(b),
SmallCapReview.com will disclose in it's disclaimer, what, if any
compensation was received for our efforts in researching, presenting
and disseminating this information to our subscriber database and featuring
the report on the SmallCapReview.com web site. SmallCapReview.com
has not been compensated for its efforts in presenting the Overhill Farms
profile on its website and distributing it to its database of subscribers. SmallCapReview.com
may decide to purchase or sell shares on a voluntary basis in the open
market before, during or after the profiling period of this report.
Information presented on our web site and within our reports contain
"forward looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. Any statements that express or
involve discussions with respect to predictions, expectations, beliefs,
plans, projections, objectives, goals, assumptions or future events or
performance are not statements of historical fact and may be "forward
looking statements." Forward looking statements are based on
expectations, estimates and projections at the time the statements are made
that involve a number of risks and uncertainties which could cause actual
results or events to differ materially from those presently anticipated.
Forward looking statements in this action may be identified through the use
of words such as “expects’”, “will,” “anticipates,”
“estimates, “believes,” or that by statements indicating certain
actions “may,” “could,” or “might” occur.
THE
READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE
INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP
SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We
encourage our readers to invest carefully and read the investor information
available at the web sites of the Securities and Exchange Commission (SEC)
at: http://www.sec.gov
and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com
. Readers can review all public filings by companies at the SEC's EDGAR
page. The NASD has published information on how to invest carefully at its
web site.
|