Ian Wyatt, Growth Report newsletter - (BBNK) - (UBET) - (BBC)

Ian Wyatt, editor of the Growth Report newsletter, recently released a portfolio update. Read this featured expert’s commentary on one company’s record quarter. Then learn about a leading Internet-based handicapping service and how it stands to benefit from a new law signed by President Bush. Afterward, check out a leading bio fertilizer company. Portfolio Update from October 20 Bridge Bank Has Record Quarter Bridge Capital Holdings (BBNK) on October 19th released impressive financial results for the quarter ended September 30. Net income for the quarter was a record $2.3 million, or $0.34 per diluted share, an increase of 53% over net income of $1.5 million, or $0.22 per diluted share, in the year ago quarter. For the nine months ended September 30, net income totaled $6.3 million, or $0.92 per diluted share, a 63% increase over $3.8 million, or $0.57 per diluted share, in the first nine months of 2005. A few key metrics for the quarter include: *For the third quarter of 2006, return on average assets was 1.44% versus 1.23% for the same period in 2005. Return on average equity for the period was 19.99%, compared to 16.28% in the year ago period. *On the balance sheet as of September 30, assets totaled $655.7 million, compared to $539.6 million one year ago, representing an increase of 21.5%. Total deposits were $585.8 million, increasing 22% from $481.3 million one year ago. Total loans outstanding stood at $485.6 million, representing an increase of 20% over $404.1 million for the same date last year. Bridge Bank attributes its stellar earnings growth to an increase in net interest income. For the quarter, net interest income was $10.1 million, representing an increase of 36% over $7.4 million in the year ago quarter. The growth in net interest income was a result of “growth in average earning assets” as per the October 19th press release. Youbet.com Likes New Law Youbet.com (UBET), a leading Internet-based handicapping service, announced to its Shareholders in an October 13th press release that a new law signed by President Bush is “good for racing.” Specifically, the new law which addresses Internet gaming exempts Youbet.com and other “deposit wagering companies in the horse racing industry from Internet gaming provisions.” Bodisen Expects Record Revenues and Income in 3rd Quarter Bodisen Biotech (BBC), a leading bio fertilizer company based in China, announced on October 18th that it expects record revenues and net income for the third quarter ended September 30. President Bo Chen commented, "We continue to make progress on all of our strategic initiatives, which include the build out of additional factories in China's northwest agricultural province, and we look forward to discussing our final third quarter results and progress by November 15, 2006.” This article highlights the commentary of Ian Wyatt for the Zacks.com audience. Ian Wyatt provides insightful analysis, market commentary, and favorite recommendations on a timely basis in "Growth Report" newsletter. Try it free for 30 days and see if you can improve your investment performance. Learn more about "Growth Report" and 30-Day Free Trial. And get immediate access to current issues and special reports. Click here now. Here’s How You Can Profit from the Pros Find out what other leading experts are saying about the market. And what stocks they are recommending. For free. Just sign up for our free email newsletter, Profit from the Pros, where we’ll give you the commentary, advice, and insight from those rare few experts who consistently beat the market year in, year out. | Blog Home| VitalStocks Home