Here is another in my opinion an interesting and undervalued
company "Consolidated Technology Group Ltd." which is traded
on NASDAQ under symbol COTG around its all time low of $1/8
which presents a nice opportunity to buy it cheap while there
is a chance.
Shortly about the company:
Even though the name implies that this is a technology company
it is involved in many different segments of techology which
I think helps the company to reduce the risk of loosing control
of its profits. And by the way the last quarter was pretty good.
The company currently classifies its operations into (8)
business segments:
1. Contract Engineering Services (very hot now in New York);
2. Medical Diagnostics (MRI, remember Imagex?);
3. Electro-Mechanical and Electro-Optical Products Manufacturing
(debit card vending machines);
4. Medical Information Services (health care industry!);
5. Telecommunications - installs telephonic network, buys and
resells local telephone service (in this time of global
deregulation it is perfect!);
6. Three Dimentional Products and Services - proto-type buildig
and reverse engineering (very needed service in auto-, airplane-
and other machine manufacturing. Also check out company
Scientific Measurement Systems (SCMS) which has partners such as
GE, GE Aircraft Engines, GM and EG&G and is using revers engineering
for its services-perfect company, see that thread too);
7. Audio Visual Manufacturing and Services - manufactures and sells
professional line of loudspeakers (baby boomers now can afford
it and play around);
8. Business Consulting Services - provides a variety of financial
and business related services.
Some numbers:
-Number of common shares outstanding as of August 16, 1996 is
45,376,336;
-Total assets as of 6-30-96 is $70,637,000;
-Total shareholders' equity as of 6-30-96 is $9,779,000.
Doesn't it give us a book value of $0.22 per share? And the stock is traded
at $0.125. The latest 10-Q looks very good.
Again this is NOT a Bulletin Board stock and you can find all the info you will need for your own due diligence right now on
sec.gov
Don't miss it on the way up!
Yuri Aminov. |
