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Strategies & Market Trends : Dave Gore's Trades That Make Sense
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To: Dave Gore who started this subject12/28/2001 3:07:48 PM
From: Dave Gore  Read Replies (2) of 16631
 
LOW-PRICED PLAYS - MFNX, LSPN, IN, CLAC. Perhaps worth the risk for the more speculative investor.

Some may want to research these stocks as potential large gainers in 2002. These are companies that I think have pretty good R/R going forward. Of course they are certainly riskier than almost sure bets like MSFT, SEBL, WM, etc.

MFNX (.43) is down from the recent 65-70 cent level and has some positive analyst coverage. Recent deals or news with Sprint, Knight Securities and Cisco.

LSPN (1.26) should benefit bigtime from the increased education spending bill passed by Congress; quality company and products.

IN (2.53, profitable-see below) and CLAC (.66, settled lawsuit today and is forecasting about 10 cents EPS in 2002) have pretty good business prospects and plans compared to many other penny stocks.

FROM SI's PROFILE:
"Infonet Services Corp. is a provider of cross-bordermanaged data communications services to multinational corporations worldwide. For the nine months ended 12/31/00,revenues increased 44% to $472M. Net income before extra. item totalled $18.9M, vs. a loss of $32.2M. Revenues reflect increased income from intranet and remote access services and outsourcing projects. Net income also reflectsincreased investments from IPO proceeds."

Note: there's a class action suit against IN which often temporarily depresses the stock, but just as often the stock seem to take off anyway like EMLX in 2001 (from 10 to 45+) even though it has a suit against it. It gets all the weak sisters out.
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