rjm2: my notes regarding some of your stocks:
finance.yahoo.com
Aside: not trying to argue against these or dissuade anyone. Just offering a response while the thread is quiet today.
Imho, the best thing going for these stocks is that YOU own them. (We have seen how you have got tremendous success with some of your previous mentions here.)
HTH: I can't figure it. Whether to sell now for the tax loss if I owned it or hold it to see if they can pull through, or buy more or again in Dec. and hope for a new-year bounce.
ASCX: Another "cash-in-search-of-a-business stock"? I've never had any luck with those. (I should go back and look at some of my picks here. I actually suspect I've had zero winners in this category.) ASCX sells way below net current assets, although it's not a Ben Graham net-net, I believe, because co. is not profitable.
FTG: Struggling little company. Cheap enough (price/book, net current assets about $2/sh)), but can it survive? When I see companies like this - small, refurbishers - I always suspect they'd be better off as a mom-n-pop business instead of issuing stock and being publicly traded.
CRTQ: a biopharmaceutical r&d business. Too dangerous for me to consider and too tough for me to evaluate.
MDA: cheap enough, imo. It's been profitable 4 of 6 years (not sure about now though), and at $1.98/sh sells for less than 2/3 net-net of $3.75. It's a business dealing with fine arts/reproductions/collectables and seems very dependent on just one or a very few artists.
My guess would be that if I just picked my opinion of the best stock on this list, I'd pick the wrong stock. Has to be done your way, imo, which is to buy a package of these type stocks and try to be a patient holder. For me, given that the market is down and there seems to be so many values in large and mid-cap stocks now, I have trouble focusing my energy or patience on these cigar butts. Again: which is not to disparage this method or your picks -- after all some of these stocks can and maybe will, triple or more from current prices. Plus, I already have some cigar butts I'm holding (a couple of which became cigar butts after I bought 'em - ouch!)
Paul S. |
