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November 17, 2004 Stock Pick: Segmentz, Inc. (SZI)

Stock Price: $1.07

Segmentz, Inc. is a provider of transportation and logistics management services to its client base, ranging from mid-sized to Fortune 100 companies. Services and logistics include regional outsourced trucking, delivery and supply chain management solutions.

The company just reported earnings on Monday. Revenues were $14.4 million up drastically from $4 million for the same period last year. They reported a minimal net loss of $288,783, or -$0.01 earnings per share. Much of the extra expense was due to recent acquisition costs.

Segmentz has increased revenues through four recent acquisitions, organic growth in core operations as well as exploiting cross-selling opportunities. They now have over $9.5 million in cash on hand. SZI book value is $0.73.

SZI is at a level with strong historic support. It looks as if the company will report a profit next quarter.

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