Dave Gentry, President of RedChip Companies, was on CNBC’s “Street Signs” show today discussing two of his top small-cap picks. RedChip was in NYC for its 2010 New York Equities Growth Conference at the NASDAQ MarketSite and rang the NASDAQ Closing Bell on March 23rd.
FTLK expects its revenue for 4Q FY2010 to be in the range of $200 million to $240 million and its net income to exceed $10 million. The Company is set to help China Unicom develop its 3G customer base and sell China Unicom’s mobile products and services.
Also on Dave’s list: L&L Energy (NasdaqGM: LLEN), a U.S. based company engaged in the business of coal mining and coal consolidation and wholesale in the coal-rich Yunnan Province of the People’s Republic of China (PRC). LLEN reported a 280% increase in revenue and a 441% jump in earnings year-over-year for 3QFY10 due to a number of acquisitions in coal mining, coal washing, and coal coking. Revenue for 3QFY10 was $38.0 million and diluted EPS was $0.34.
L&L has projected annual revenue of $108.1 million, net income of $28.1 million, and earnings per share of $0.94 for the fiscal year ending April 30, 2010, on a GAAP basis.