Are RESOURCE VENTURES(REVI), SUTIMCo International Inc(SUTI) and Zurich Insurance Group Ltd (ZURVY) Just Blowing Smoke?
New York, NY – GDP INSIDER – 02/13/2015.
This article discusses three companies: RESOURCE VENTURES(OTCMKTS:REVI), SUTIMCo International Inc.(OTCMKTS:SUTI) and Zurich Insurance Group Ltd (ADR)(OTCMKTS:ZURVY)
RESOURCE VENTURES(OTCMKTS:REVI) announced yesterday that it is expecting to have record annual revenues due to the success of their direct mailing division and several upcoming joint venture projects. Resource Ventures is a graphics and printing company which is branching out with the cNation channel about cannabis usage. The stock rose 28.95% following the positive announcement and closed up $0.0022 to $0.0098 on heavy reading volume of 10.7 million shares. The stock has been steadily declining in value for the past year but with potential changes coming to cannabis laws it has interesting long term potential.
SUTIMCo International Inc(OTCMKTS:SUTI) issued a letter to its shareholders yesterday that outlines its progress in setting up large scale cannabis growing operations in Nevada and Washington. SUTIMCo also outlined a planned range of cannabis infused beverages for consumption in states where it is legal. Despite the upbeat update on the progress of the company, the shares dropped 23.53% on heavy trading of 70.7 million shares. The result at the close of trading yesterday was that the stock was down $0.0004 to $0.0013. However, with a positive EPS of 2.47, the company may have long term investment possibilities.
Zurich Insurance Group Ltd (ADR)(OTCMKTS:ZURVY) shares took a downturn yesterday after a period of sustained growth. The stock had been rising from $30.40 since the beginning of January reaching $33.77 yesterday before dropping 3.79% yesterday. Zurich Insurance closed at $32.49 after it reported a 3% fall in net income for 2014 as well as a $247 million loss on the sale of its Russian operations. The general insurance provider did manage to increase its general insurance operating profit by 1% in 2014. With the Russian operation gone the stock may rise again in the medium to long term.
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