Wall Street News Alert's "stocks to watch" this
morning are: Diamond Ranch Foods, Ltd. (PINKSHEETS: DFDR), Brocade
Communications Systems Inc (NASDAQ: BRCD), Windstream Corp. (NYSE: WIN) and
McDonald's Corporation (NYSE: MCD).
Once again, Diamond Ranch Foods, Ltd. (PINKSHEETS: DFDR) may be a target of
aggressive investors and day traders! Yesterday the company, a custom meat
processing and distribution conglomerate, issued a press release announcing
record first quarter profits.
News of the company's financial results may get the attention of investors!
According to the company's press release, its first quarter ended June 30,
2006 generated record net operating profits on sales of $2,747,447.00.
Louis Vucci, Jr., President of Diamond Ranch Foods, Ltd., announced that
the net operating profits for the first quarter ended June 30, 2006 were
$108,701, as compared to a net operating loss of $178,120 for the company's
first quarter ended June 30, 2005.
Watch this company. "These favorable results reflect the changes
implemented by myself and Joseph Maggio, Chairman and CEO effective April
1, 2006. The results reflect current and continuing cost-cutting measures
that we have put in place along with the additional higher gross profit
margin products that we have added to our diverse product line," stated Mr.
Vucci. "Our payroll expense was cut by nearly 50% and our operating
expenses were reduced by 30%. We have begun to run our company more
efficiently and we are focusing on improving our profitability and net
earnings," added Mr. Vucci.
As previously announced, the company's strategy is to maintain profitable
revenue and earnings growth through the next quarter and then begin to
acquire other smaller regional distributors, growing the company through
acquisitions and the broadening of its branded product lines.
Wall Street News Alert continues to place Aggressive Investors on alert to
monitor the progress of Diamond Ranch Foods! Earlier this month the company
announced that its private-label branding program is underway. In that
release, Mr. Vucci stated, "We believe that branding our products and
getting the Diamond Ranch Foods name out to the masses is of paramount
importance to the Company's future growth plans."
Mr. Vucci also stated in the company's shareholder update last month, "We
are currently experiencing record profitability and anticipate adding
significant revenue in the third and fourth quarters resulting in record
revenues for the 2006-2007 fiscal year. We are broadening and expanding our
product lines and bringing in higher profit margin items. It is our
ultimate goal to see the Diamond Ranch Foods label in supermarkets,
neighborhood delis, and warehouse clubs across the eastern seaboard."
The stock closed yesterday at Fourteen cents a share.
For an in-depth profile of Diamond Ranch Foods, visit
http://www.thenewssvc.com/DFDR082306.html
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alerts for this morning, visit www.WallStreetNewsAlert.com, where you may
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In case you are not familiar with the company: Diamond Ranch Foods, Ltd., a
processor and distributor of meats and fresh cut portion controlled
poultry, is located in the historic Gansevoort meatpacking district in
lower Manhattan, NY. Operations include packing, processing, labeling and
distribution of products. The company's diversified customer base includes
in-home food service businesses, retailers, hotels, restaurants, and
institutions, deli and catering operators and industry suppliers. Specific
customers include Madison Square Garden, TGI Friday's, Sloan Kettering
Hospital, and the Hilton Group.
Brocade Communications Systems Inc (NASDAQ: BRCD) up 4.9% on 14.6 million
shares traded. Brocade delivers the industry's leading platforms,
solutions, and services for intelligently connecting, managing, and
optimizing IT resources in shared storage environments.
Windstream Corporation (NYSE: WIN) up 2.2% on 5 million shares traded.
Windstream Corporation provides voice, broadband and entertainment services
to customers in 16 states.
McDonald's Corporation (NYSE: MCD) down 0.03% on 3.8 million shares traded.
McDonald's is one of the leading global foodservice retailers with more
than 30,000 local restaurants in more than 100 countries.
Market Commentary:
"Consumers want cars that have mileage and reliability says a survey by
Consumer Reports and Opinion Research Corp. At $3+ per gallon, 27% of
consumers want cars that get good gas mileage, another 25% of potential
buyers said that reliability was a key factor. Only 5% said the
manufacture incentives were a top issue," stated Sonja Rudd in Wall Street
News Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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