Ocean Bio-Chem, Inc. (NASDAQ:OBCI)

CAPS Rating: No stars

The Company is engaged in the manufacturing, marketing and distribution of a line of appearance and maintenance products for boats, recreational vehicles, automobile and aircraft.

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Member Avatar TSIF (99.97) Submitted: 1/8/2015 1:55:34 PM : Underperform Start Price: $4.70 OBCI Score: +4.61

While Ocean Bio-Chem, Inc has shown some slight QoQ increase in profits, it remains small for this small company that specializes in boat parts. Ocean Bio-Chem issues excessive meaningless press releases, such as increased sells expected due to lower fuel prices allowing more "boater" enjoyment. The big ding is the press touting the disinfecting properties of it's "disinfectant". Share price has traded around the $2.80 per share the last two years. Spike to $4.50 started on EBOLA "news". "OdorStar Technology, LLC, a wholly-owned subsidiary of Ocean Bio-Chem, Inc., is working with two organizations, Friends of Liberia, a non-profit NGO (non-governmental organization), and the Sierra Leone embassy in Washington D.C. to send donations of its Performacide® chlorine dioxide (ClO2) disinfectant and virucide."

Finally, neg against rising inventory and rising receivables, which Ocean Bio-Chem noted in it's 10Q, but attributed to "seasonal"....

LOW VOLUME, low float, these can be dangerous. Still expect this to retreat back to $3.00 when low oil prices and lack of "ebola" related sells don't show up on the financials.

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