This site xtranormal.com is pretty neat. It only took me about 15 minutes or so to make this conversation on the stock market movie.
May 4, 2010
May 1, 2010
Deep Value Golf Stock
Adams Golf ADGF this little golf club manufacturer that I've talked about a lot in the past has been bottoming out over the past several months and just recently reported their quarter. Revenue was slightly down but EPS was up huge from $.05 to $.21 year over year. They gained some market share in the US.
Net current asset value is $29 million. The market cap is currently right below at the moment at $27 million. So it is in net current asset value territory still at the moment. I bought some the other day at $4.15.
Just recently broke out of a long trading range and had strong unusual volume.
full disclosure:long ADGF
Net current asset value is $29 million. The market cap is currently right below at the moment at $27 million. So it is in net current asset value territory still at the moment. I bought some the other day at $4.15.
Just recently broke out of a long trading range and had strong unusual volume.
full disclosure:long ADGF
April 26, 2010
Who's Been Buying This Runaway Stock Market?
The stock market keeps rallying but who is buying? Charles Biderman says the pension funds and flows into mutual funds aren't responsible. He says the amount of capital that could drive this type of rally seems to be coming from somewhere else and a lot of it is after market hours in the futures markets. I have no idea if his numbers are even accurate but I found this interview on Bloomberg he did a couple months back interesting.
Click here for Video
Click here for Video
April 14, 2010
Baby Boomer Resort Stock
Silver Leaf Resorts is in the business of getaway and destination timeshare resorts in the United States. They cater to short vacations and tourists. This is one of those stocks that bottomed in December 2009 and not in March 2010. I really wish I had payed it more attention early this year. It's one of those deep value land plays.
Asset Valuation
I was fairly surprised at how cheap it appears on an asset level. There is $176.319 million in net tangible assets and as of March 8, 2010 38,140,043 shares outstanding. This gives us a $51.87 million market cap against that $176.31 million in net tangible assets or a 29% discount to NTAV.
I crunched net tangible asset value per share at $4.62 per share and the stock is only at $1.36 as of the close today.
It has technically just broken out of a trading range but has a lot of resistance around the 1.50 area. I think this cheap stock goes higher over the next few days and tests that 1.50 at the least and probably will continue higher from there.
full disclosure:no position at time of writing however I may go long (buy) the stock this week.
Asset Valuation
I was fairly surprised at how cheap it appears on an asset level. There is $176.319 million in net tangible assets and as of March 8, 2010 38,140,043 shares outstanding. This gives us a $51.87 million market cap against that $176.31 million in net tangible assets or a 29% discount to NTAV.
I crunched net tangible asset value per share at $4.62 per share and the stock is only at $1.36 as of the close today.
It has technically just broken out of a trading range but has a lot of resistance around the 1.50 area. I think this cheap stock goes higher over the next few days and tests that 1.50 at the least and probably will continue higher from there.
full disclosure:no position at time of writing however I may go long (buy) the stock this week.
March 13, 2010
Silver Mining Penny Stocks List
Silver Stocks list
Timberline Resources (TLR) is into mining for gold, silver, zinc, and copper deposits. They've had some impressive revenue growth over the past 3 years. However no net income yet annually. Last quarter was net income positive though year over year with a profit of $241,061. Technically, right now it is still along the trend line and at the end of a triangle consolidation.
Kimber Resources (KBX) announced a new mineral resource estimate that has significant tonnage of high grade gold-silver mineral resources with excellent metallurgical recoveries. This stock ran from .60s to 1.31 currently and still might have some momentum. It has resistance however that must be dealt with in the 1.50 area.
Mines Management Inc. (MGN) is primarily a silver mining company. The technicals look a little better now that it is trying to break out of this trading range.
Endeavour Silver (EXK) so far has seen its stock price pretty correlated to the price of silver. Out of all the silver mining penny stocks it appears pretty correlated here.
Silver Stocks to Watch
The iShares Silver Trust (SLV) is a very liquid vehicle and a conservative way for making an investment in silver online in the stock market.
The silver vs gold chart shows that gold is up just over 30% this year but silver is up over 60%. Gold has gone practically parabolic currently. Is silver overbought currently? Tough to say but technically it doesn't appear so. I think these are some silver penny stocks to watch for potential upside. In the event of a hypothetical crisis I believe silver historically has outperformed gold by a wide margin.
full disclosure:no positions
Timberline Resources (TLR) is into mining for gold, silver, zinc, and copper deposits. They've had some impressive revenue growth over the past 3 years. However no net income yet annually. Last quarter was net income positive though year over year with a profit of $241,061. Technically, right now it is still along the trend line and at the end of a triangle consolidation.
Kimber Resources (KBX) announced a new mineral resource estimate that has significant tonnage of high grade gold-silver mineral resources with excellent metallurgical recoveries. This stock ran from .60s to 1.31 currently and still might have some momentum. It has resistance however that must be dealt with in the 1.50 area.
Mines Management Inc. (MGN) is primarily a silver mining company. The technicals look a little better now that it is trying to break out of this trading range.
Endeavour Silver (EXK) so far has seen its stock price pretty correlated to the price of silver. Out of all the silver mining penny stocks it appears pretty correlated here.
Silver Stocks to Watch
The iShares Silver Trust (SLV) is a very liquid vehicle and a conservative way for making an investment in silver online in the stock market.
The silver vs gold chart shows that gold is up just over 30% this year but silver is up over 60%. Gold has gone practically parabolic currently. Is silver overbought currently? Tough to say but technically it doesn't appear so. I think these are some silver penny stocks to watch for potential upside. In the event of a hypothetical crisis I believe silver historically has outperformed gold by a wide margin.
full disclosure:no positions
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