Here's one for those interested in a little-known short candidate:
ALPHANET TELECOM (FAX on the Toronto exchange). (NOT to be confused with Alphanet Solutions (ALPH))
ALPHANET Telecom is a company whose main business is supplying
fax machines/services to hotels. Last quarter revenue ended
August was US $2.0M. It lost $2.9 M.
Sounds like a pretty ordinary business. But the catch is that
it is constructing a Voice/FAX over IP network. Say "IP" and
magic things start happening...
The company has about 10M shares and its current price is $19 CDN
or about $14 US. Market cap of $140M US is almost 20x sales.
Short interest is less than 5%.
Target price $3 US within 3 years.
Disclaimer: I've a short position but this isn't a call for you
to do the same. This is only for people who know what they're
doing and don't mind a little excitement. Use appropriate
financial precautions if you venture out on this puppy. |
