Posted on 26 August 2010 by admin
Hello, Traders!
My next stock profile is a Company that manufactures something which virtually everyone uses either every day to every month: quality generic pharmaceuticals
In fact, have you ever known anyone that doesn't have antibiotics, anti-inflammatory, anti-cold, vitamins and other related medical products in their medicine cabinet?
Probably not. Because combating the symptoms and causes of illness - as well as improving health - is part of an everyday routine for people worldwide.
My Next 6-Cent Pharma Stock is...
*** SOHM, Inc. (OTCPK: SHMN) ***
Today demonstrated that on the second day of measurably increased volume, SHMN could continue trade upwards.
For those investors looking for a stock that could be positioned for an uptick, watch SHMN.
SOHM, Inc. ("SHMN") is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories.
Global headquarters are located in North America with manufacturing sites in India.
Why India? Well, since there is a degree of saturation of these products in the U.S. , SHMN is focusing on exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia.
Quite simply, robust growth is being fueled in less developed countries especially as they prosper and spend more money on health care.
And the strategy of catering to this market is displaying outstanding results...
SHMN'sGrowth Strategy: To Become a Leader in Less Developed Countries
- Increasing SHMN's market share in key markets, including an extension of its leadership position in the world's emerging generic pharmaceutical markets in Africa, Latin America, and Southeast Asia and other important international markets;
- Rapidly responding to customers' most significant needs by – among others—broadening SHMN's product portfolio and executing an increasing number of launches, optimizing a truly global supply chain, helping customers more efficiently manage their inventory and customizing shipping methods based on specific customer needs;
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SOHM Reports Consecutive Record Quarters With 1,000 Percent Year-Over-Year Revenue Increase for the Second Quarter 2010
Consumer Adoption of SOHM's Private Label Generic Pharmaceutical Products Driving Unprecedented Corporate Revenue Growth
BUENA PARK, CA, Aug 26, 2010 (MARKETWIRE via COMTEX) -- Sohm, Inc. (OTCPK: SHMN), a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories, today announced that it has posted a 1,000 percent year-over-year increase in revenue for the second quarter ending June 30, 2010.
Due to successive record quarters and the company's unprecedented corporate revenue growth the Company expects continued consumer adoption of its private label generic pharmaceutical products. Revenues for the three months ended June 30, 2010 increased over 1,000% to $339,545 compared to $33,599 in the second quarter of 2009. Revenue growth was fueled by expansion of current and new clients and from pilot distribution projects to full production deployments.
Shailesh Shah, Vice President for Corporate Strategy at SOHM, Inc., stated, "Our ability to generate record revenue growth and accelerated consumer adoption rates for our generic pharmaceutical products is a direct reflection of our sales and marketing team's dedication. We continue to demonstrate our ability to penetrate and lead in our chosen emerging markets. Most significantly, [SHMN] has grown and matured its generic drug manufacturing operations allowing for the scalability of resources and product production necessary to support a growing worldwide customer base."
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Sales Continue to Grow in India's $10 Billion Pharmaceutical Market With Increased Penetration Into Global Emerging Markets
During the past six months the Company has achieved several important milestones which have positioned SHMN as a leading manufacturer and distributor of generic pharmaceuticals to global emerging markets. These milestones include:
- Expanding and streamlining SHMN India's licensed centralized manufacturing facility for generic pharmaceutical products. The fully licensed pharmaceutical drug manufacturing facility provides product distribution to African, Latin American, and Southeast Asian target markets and also provides valuable credibility within our core market in India. Products [able to be sold] increased to a total of 280 private label generic drugs.
- Increased generic drug penetration within targeted emerging pharmaceutical markets in Southeast Asia; specifically in Indonesia, Thailand, the Philippines, and Malaysia. Southeast Asia is the fourth-largest pharmaceutical market in the world and is also the world's fastest-growing pharmaceutical market.
- Appointed two new distributors in Northern India covering the largest states of India. The domestic pharmaceutical market in India continues to grow and is currently over $10 billion in annual sales. Drug production and distribution capabilities expanded in India and increased production ability to emerging markets in Africa, Latin America, and Southeast Asia.
- SHMN has grown internationally from 3 employees this time last year to 42 this year and has surpassed all benchmarks set in 2009.
- SHMN Reported Record Revenue Increase of 600% For The First Quarter of 2010
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SHMN is showing rapid growth in revenues and market growth, both of which are impressive fundamental factors .
Since it has announced record revenue increases and is poised for a move upwards, I believe this low-priced stock has big upside potential.
Since SHMN could attract investors into accumulation mode, traders could consider keeping this on their watch list as a solid profit opportunity!
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