April 21, 2006
SpeculatingStocks.com Stock Pick: CirTran Corp. (CIRT)
Stock Price: $0.048 (short-term strong buy)
CirTran Corp. is an international full-service contract manufacturer. The company also formed CiTran-Asia in 2004 with its principal office in ShenZhen, China. CirTran reduces costs and ensures speedy time-to-market for inventors.
CIRT reported net sales of 12.99 million for 2005, a 46.6% increase over 2004. Net loss came in at $527,708. The company has had profitable quarters. Even more significant, the company just signed a $30 million contract for The Real Deal Grill (TM) endorsed by Evander Holyfield. It will initially be sold on TV worldwide.
Right now, CIRT is trading at a market cap of only $28 million. We expect CIRT to make continued strong progress with inventors and marketers.
CIRT has been breaking out on major volume. It has been consolidating the last few days and is about to move higher again. Surprisingly, investors have yet to notice the $30 million contract with The Real Deal Grill (TM).
SpeculatingStocks.com Target Price: We expect CIRT to reach $0.07 within the next ten trading days.