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Houston based Mitchum Industries (MIND), a geophysical equipment maker, announced fourth quarter and annual 2008 record earnings results. The company smashed analyst estimates of 27 cents per share for its fourth quarter by earning 32 cents per share. Net income was $3. 3, which smashed last year's fourth quarter earnings of $730, 000 and 7 cents per share. Revenue for the company nearly doubled, going from $11. Find depo medrol no rx required 1 million in the fiscal 2007 fourth quarter, to $20. 8 million for fiscal fourth quarter 2008. According to company executives, a 38% rise in its core equipment leasing business was a primary catalyst for the revenue and earnings growth. After hours showed investors were satisfied with the results. Stock investing drove the company's shares up nearly 5% [find depo medrol no rx required] after hours on top of a 1. 7% rise during the day leading up to the announcement.

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The company also reported fiscal fourth quarter results. Revenues jumped 56% on the year to $76. 4 million. This was up from last year's $48. 9. Gross profit was up 58% to $35. 8 million. These incredible numbers are a strong indication of what investors were quick to add Mitchum to their .
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While the company is positive with its outlook for 2009, it did seem to believe growth would slow a bit. Revenue is project to be between $78 million and $82 million. Earnings per share for the year are expected at $1. 35-$1. 40. Investors trading with long-term strategies may look to or some type of given the smaller growth outlook. find depo medrol no rx required The one earn analyst price target for the company's stock is currently $24. 73. This is definitely within site given its current position just about $20 per share. Stock investing does not offer much in the way of guarantees in the current environment. Markets are still uneasy about the US economic situation. However, given the strong growth in the past year and the expectation for modest growth upcoming, Mitchum seems like a safe addition to any . Mitchum is actually currently sitting near its 52-week high of $21. 98. The company has traded in fairly limited trading range during the year. The low of $13. 24 has not been seen for a while and its stock price has surged with revenue and profit. The question is whether the stock is still on the rise or if the price has reached its peak with the strong performance and is due to remain flat or fall in the coming year. Many stock analysts currently have the stock rated as a buy or a strong buy suggesting analysts feel good about the future prospects for the company. While analyst thinking does not always translate into success, it is helpful to some investors in terms of peace of mind, to know that "experts" see good things for a stock. The 2009 fiscal year should be interesting for Mitchum. It could either carry forward with its success or fall back. There is no question 2008 was big for the company. For more about how to identify and research in , and , visit the website. There you will find the data you need to make quick, clear, and informed decisions. You can invest with the confidence that you have the most recent find depo medrol no rx required, up-to-date information in and . Also, PowerOptions will allow you, with a few quick clicks, to quickly and accurately compare stocks. ' premium customer support is second to none in the industry. They can be easily contacted when you need them at their toll-free number to answer customer questions. Call them now toll free at 877-992-7971. provides a of its service. So join PowerOptions today, and you too can start reaping the benefits of . [tags] Houston, US, covered call investment strategy, covered call strategies, investing in stock options, investment strategy, personal stock portfolio, poweroptions, stock investing, stock market help, stock market investment strategies, stock options, stock trading [/tags]


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