May 18, 2013
Solar stocks are continuing to deliver big returns lately. One way to invest in the solar sector is Market Vectors Solar Energy ETF (KWT) or the Guggenheim ETF (TAN). The Guggenheim TAN is more overweight First Solar FSLR and it's price fluctuates more in lockstep with the stock. I like KWT more because it's not so heavily invested in FSLR. I wouldn't be surprised to see more double digit returns from solar as a sector this year. Technically, the charts on solar as a sector look very bullish here. See the picture below. I see a lot more upside. Of course, with big run-ups in all solar stocks across the board some stocks not so worthy of such high multiples will eventually fade out. I remember the big run in solar around 2007 and 2008 and the ridiculous multiples pegged on even the best companies. Some of the PE ratios were totally insane like Nasdaq bubble of the year 2000 insane and of course they eventually came down to reality. I'll be looking for some good shorts eventually after the momentum continues. The momentum is going to continue for awhile though.
May 4, 2013
I find Peerless Systems (PRLS) to be one the more compelling net current asset stocks I currently know of. The company has a market cap of $10.1 million. There is $4.58 per share in net current asset value and $1.77 in net cash per share. The stock last traded at $3.35 per share. They've repurchased a lot stock over the past couple years. The company has bought in aggregate 482,111 shares of stock or $1.8 million in fiscal 2013. Additionally, from February 1st of this year to April 23, 2013 they repurchased $230,652 of stock.