From the Wires
Ocean Bio-Chem, Inc. Featured as One of Three MicroCap Stocks Worth Consideration
Article Published in Grants Interest Rate Observer
By: Marketwired .
Nov. 29, 2012 03:15 PM
FORT LAUDERDALE, FL -- (Marketwire) -- 11/29/12 -- Ocean Bio-Chem, Inc. (NASDAQ: OBCI), a leading manufacturer and distributor of appearance, performance, and maintenance products serving the marine, automotive, power sports, recreational vehicle and outdoor power equipment markets, is pleased to announce the Company is featured in the November 30, 2012 issue of "Grants Interest Rate Observer" in a story about three microcap companies that investors should consider.
Harper Stephens, director of investment management at Thompson Davis Asset Management, Richmond, Virginia, is quoted in the story: "We've owned Ocean Bio-Chem for about a year and a half now and they continue to execute fundamentally. They have a new product that is ramping and they just had an all-time record revenue quarter. In fact, over the past 12 quarters, it has broken revenue records nine times for that particular quarter of the year."
Mr. Stephens continues: "The stock trades at around half the peer group's earnings multiple, 70% below the price-to-sales multiple, 80% below the price-to-cash flow multiple and around half the price-to-book multiple of its peer group."
The article continues with a description of StarTron, an enzyme-based fuel additive that fights the corrosive effects of ethanol, as "Ocean Bio-Chem's prize elixir." It talks about the strong reviews of the product on Amazon and how the product produces repeat customers.
Ocean Bio-Chem is "doing about $9.5 million of StarTron sales annually," Mr. Stephens is quoted saying. "If they can continue to grow and take share from the competitors it could end up being a $50 million to $100 million per year product" in a $1 billion sector.
The article is available from E & E Communications. E-mail firstname.lastname@example.org. Grants Interest Rate Observer, published on Wall Street, focuses on economic conditions and interest rate trends and provides financial analysis and forecasts.
About Ocean Bio-Chem, Inc.:
Ocean Bio-Chem, Inc. is principally engaged in the manufacturing, marketing and distribution of a broad line of appearance and maintenance products for boats, recreational vehicles, automobiles, power sports, outdoor power equipment and motorcycle markets under the Star Brite® StarTron and other trademarks within the United States of America and Canada. In addition, the Company produces private label formulations of many of its products for various customers and provides custom blending and packaging services for these and other products.
The Company trades publicly under NASDAQ Capital Markets, Ticker Symbol: OBCI.
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