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12-11-2005 ERS - Empire Resources Inc.
CURRENT PRICE: $10.54
TYPE OF PLAY: TECHNICAL ANALYSIS/SECTOR MOMENTUM/DIVIDEND/GROWTH
Empire Resources, Inc. is a New Jersey based distributor of value added semi-finished aluminum throughout the world. They recently announced a special dividend of .16, which is payable on Jan. 24 to stockholders of record on Dec. 30. From a technical perspective, we view Friday's high volume break of the highs from 11/14 as a breakout. During the first six months of 2005 net sales increased $63,670 to $169,460, or a 60% increase, from $105,790 in the first six months of 2004. This increase was due to approximately a 31% volume increase in shipments to the Company's customers and an increase of approximately 23% in pricing.
LINKS FOR FURTHER READING:
Dividend announcement
ERS homepage
SEC filings for ERS
General ERS statistics




