TEJS Tejas Inc. featured news, full reports, and detailed charts
Tejas Inc. (TEJS/TEJS.PK) Wrap Up:
Tejas Incorporated operates as a financial services holding company in the United States. The company engages in the research on equities, distressed debt, and special situation securities. It primarily focuses on the research of wireless and wire-line telecommunications, cable, satellite, transportation, energy, alternative energy, and municipal securities. The company also offers trading and other brokerage services to institutional and retail investors active in distressed corporate bonds, bank notes issued by distressed companies, mortgage-backed derivative products, municipal bonds, and government and government-backed securities, as well as equity instruments. In addition, Tejas Incorporated provides corporate finance and strategic advisory services to middle-market companies. Its brokerage customers include money managers, mutual funds, hedge funds, private and public pension funds, banks, insurance companies, savings associations, state and municipal funds, and high net-worth retail clients. The company was founded in 1990 and is headquartered in Austin, Texas.Tejas Inc. (TEJS:OTC)
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Market Cap
4.4M
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Total Revenue
9.7M
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EBITDA
--
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DILUTED EPS TTM
-1.67
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P/E
--
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P/S
0.5x
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Return On Asset
-32.13
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Return On Equity
-50.43
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| K = Thousands M = Millions B = Billions | ||
TEJS Top Compensated Officers
Executives, Board Directors
Key developments for Tejas Inc. (TEJS)
Tejas Inc has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended.
Tejas Inc. announced that on May 14, 2008, Dennis Punches tendered his resignation, to be effective May 15, 2008, from his position as a director of the Company. Mr. Punches informed Tejas Incorporated that he resigned in order to devote more time to his other professional and personal demands.
Tejas Incorporated announced that it intends to voluntarily deregister its common stock on or about May 30, 2008. On or about that date, Tejas will file a Form 15 with the Securities and Exchange Commission (SEC) to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. Upon the filing of the Form 15, Tejas's obligation to file certain reports with the SEC, including Forms 10-K, 10-Q, and 8-K, will immediately be suspended. Tejas expects that the deregistration of its common stock will become effective 90 days after the date the Form 15 is filed with the SEC. As a result of the filing of the Form 15, Tejas expects that its shares will no longer be quoted on the OTC Bulletin Board. Tejas anticipates that its common stock may be traded on the Pink Sheets after it deregisters. However, Tejas can give no assurances that its common stock will be traded on the Pink Sheets or, if it is traded on the Pink Sheets, whether an active trading market will develop for its common stock. Kurt Rechner, Tejas's President and Chief Financial Officer, stated, "After assessing the advantages and disadvantages of remaining a registered company, our Board of Directors unanimously concluded that it is in the best interests of the Company and its stockholders to deregister its common stock. The substantial out-of-pocket costs, as well as the significant demands on management's time and focus, necessary to comply with SEC reporting, including the additional costs that would be required in order to comply with Section 404 of the Sarbanes-Oxley Act, outweigh the benefits the Company receives from maintaining its registered status. We believe that deregistering will allow us to reduce current expenses, avoid substantial future costs, and free our management team to focus more of its time and resources on operating the Company and enhancing stockholder value." Tejas currently expects that it will continue to provide its stockholders with periodic financial and operational information. The financial statements contained in these updates may be un-audited and will not have the detail required of a company that files reports with the SEC. The Company anticipates filing the Form 15 on or about May 30, 2008. The Company intends to issue an announcement after it files the Form 15 with the SEC.
TEJS Competitors
| Company | Last | Change |
| Broadpoint Gleacher Securities Group Inc | $5.99 USD | -0.12 |
| Evercore Partners Inc | $31.37 USD | -0.28 |
| Merriman Curhan Ford Group Inc | $1.13 USD | +0.06 |
| Paulson Capital Corp | $1.40 USD | 0.00 |
| Sanders Morris Harris Group Inc | $4.79 USD | -0.16 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TEJS | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 0.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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TEJS |
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TEJS transactions
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Target | |
| No transactions in the last 6 months. | ||
