Yesterday, BrilliantPennyStocks.com initiated coverage on Delaine Corp (OTCMKTS:DEPN) and today the stock opened at $0.1175 from its previous close of 0.09. More than 2.4M shares have traded hands today and the stock was up by more than 30% today at one point.
Delaine Corp (OTCMKTS:DEPN) reported its results for the period ended. The results were remarkable, with a significant increase in sales to $672,858 for the period ended June 2014, from $3,210 for the period ended June 2013. Delaine Corp (OTCMKTS:DEPN) reported Net Income of $94,583 for the year ended June 2014 compared to a loss of $331,020. The cash for the period increased to 123,331 from $41,334.
A couple of months ago Delaine Corp (OTCMKTS:DEPN) had issued a stock dividend. Under this stock dividend holder of each of company's capital stock would receive five additional shares of the Company's common stock with a par value of $0.001.
Recently, Delaine Corp (OTCMKTS:DEPN) commenced a website under the brand ‘Car Monkeys’ listing over 88,000 SKUs. The following categories were listed in the website viz Transmissions, Assemblies, Rear Ends and Transfer Cases. The company further plans to expand its range to electrical parts and small mechanical auto parts that will complete suspensions and collision repair parts.
Delaine Corp (OTCMKTS:DEPN), is an online retailer of used auto parts. The company proprietary algorithms help it to meet the specific needs of the customers. Delaine Corp’s software infrastructure includes a proactive fulfillment facility. This helps in tracking the shipments, compare progress with respect to the anticipated positioning and flagging potential deviations.
Prospects of the industry
The U.S. is the largest market for passenger vehicle across the globe. As per 2007 DOT study, 254.4 million registered passenger vehicles were estimated. The figure has increased drastically from the year 1960. The growth rate of vehicles per capita will help foster Delaine Corp (OTCMKTS:DEPN)’s growth.
As per the study of RL Polk the median age of passenger cars in operation in the U.S. increased to 9.4 years between 2007 and 2008, this compares to 7.1 years in 2007 to 7.5 years in 2008. While the most recent study reveals that the average age of vehicles has reached 11.4 years. The study further states that he age of the vehicles will remain 12 years and older. This implies that Delaine Corp (OTCMKTS:DEPN) has more to reap and can clearly benefit from the figures estimated in the future.
About BrilliantPennyStocks
BSP provides sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters.
BPS provides alerts to investors and traders on stocks that could potentially breakout. To obtain text message stock alerts service, text the word Avauncer to 69302 from your cell phone. Additionally, BPS provides market insight, tips, and trading strategies on NYSE, NASDAQ, OTCBB and PINK stocks.
Disclosure: BrilliantPennyStocks is not a registered investment adviser and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Always seek help from a professional financial advisor (I am not one). Please visit http://brilliantpennystocks.com/disclaimer/ for complete risks and disclosures.
Discover Hidden Gems
Don't miss the next big opportunity. Subscribe for timely alerts on potential market movers.
