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Strategies & Market Trends : BB's from the Gang at
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From: RikRichter12/30/2010 10:09:42 AM
   of 4066
 
CONX.ob 0.10 (CORGENIX MEDICAL) - Some fairly bullish comments by a poster on Yahoo MB:

"I believe CONX is deeply undervalued for a number of reasons. Here are a few:

1. A significant and widely accepted dianostic kit can contribute signficantly to total gross margins... in view of the high gross margin percentages of manufacturing and selling diagnostic test kits.

2. The potential of Aspirin Works to grow worldwide...coupled with new R&D efforts underway.

3. CONX efforts to curb expenses and improve operating margins for 2011.

4. CONX was profitable last quarter before one time plant closing expenditures.

5. Significant improvement in balance sheet over the past several years by reducing long term debt.

6. Ended last quarter with a nice cash position of $1.3 million and a strong current ratio.

7. CONX share price has been beaten down by tax loss selling ... and is deeply undervalued imho.
CONX shares surged after the close of tax loss selling last year.

8. At the current share price of .09 cents, the market cap of CONX is less than one half revenue.

9. CONX has been in business since 1985 ... and has staying power, patents, intellectual property, and R&D know-how. Just one home run product could propel this stock 10 to 20 fold.

10. Prior tax loss carryforwards could be beneficial to CONX in preserving cash and serving as a springboard to higher earnings.

Disclosure: Added to CONX share position during the month of December."

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