Actually, Craig, today I bought a strange animal "a penny value stock". At less than $3, book value around $2, earnings last year at $.47, razor thin margins (one reason it is cheap), but if the wireless craze revive, some may discover it has good growth potential. Since there are only 5 MM shares or so, and it is still "reasonable" it may be discovered, I hope, as another "wireless play". I am protected on the down side by a rapidly increasing book value, which if the stock stays here, will exceed the stock price in 24 months. Of course, my commitment to this one is minimal, but still a penny stock.
Zeev |
