California-based on and off-road vehicle wholesaler ePunk, Inc (PINK: PUNK) is a five-business conglomerate with similar, but unique qualities, allowing them to serve consumers across MANY sectors.
PUNK announced today an acquisition strategy that could potentially generate more than $5,000,000 in up-front commitments and millions in follow-up sales, as well as providing a launch pad for the company’s own product line in the future!
PUNK has launched its new corporate website at http://epunkinc.com/. The website has been set-up to allow easy access to all its different product portals including: BidPunk.com, Countyimports.com, Countyimportparts.com, Countycruisers.com and ViperSportUSA.com.
The biggest, CountyImports.com, already gets 77,000 unique visitors a month, more than GeneralMotors.com, Suzuki.com or Volkswagen.com (Read more)
Traffic is up 42% over the last year, which helps explain how PUNK boosted its revenue from zero to $180,000 last quarter and even turned a profit of 1 penny per share. (Read more)
These might not seem like huge numbers, but they definitely show growth pointed in the right direction — putting it mildly — to tempt traders into PUNK shares since those earnings came out.
And get this: PUNK also opened its first brick-and-mortar flagship store in Dana Point, California — and expects the location could gross $1 million over the next year! (Read more)
And the size of those up swings has given traders plenty of thrills! Since the start of August, PUNK has made at least a 3% intraday wiggle into the money 86% of the time, averaging 27% with every move.
• PUNK’s 5 day moving average has recently crossed its 20d MA, which is a very good sign for a possible reversal pattern!
• The RSI is moving just above the centerline and with just a little more positive movement; it will be in a great position.
• The MACD had a positive cross on the short term chart that could also indicate a possible reversal trend!
The Bottom Line
PUNK has been actively expanding its company with new revenue making outlets in a market that is seeking to contract in operational capability. There are two factors that I love in a stock and PUNK has them both – ultra low float and trading at a discount!
With new websites continuing to roll out and an increasing revenue stream, investors have taken notice of PUNK! Make sure to load PUNK onto your watchlist RIGHT NOW – before more investors discover this company!
Disclosure: No Position
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