CPCL update:
It's still in Curt Jensen's (Marty Whitman's) Third Value Small-Cap fund, according to Yahoo.
The stock's been on a tear recently. It's no longer a net-net when some people here started to buy or were adding to positions already held.
finance.yahoo.com
In spite of its rapid ascent the past few days, CPCL trades now slightly over stated book. It has no long term debt.
The stock may be fully-valued or even overvalued though. So maybe a pullback can be expected.
OTOH, what I like about the stock is that it's extremely difficult, maybe impossible, to evaluate the true worth of the company now because of its involvement with a presumably important new technology - OLED (organic LEDs). So the company might now, and in future also, trade on its potential, on the dreams of its stockholders, and on generous estimates and speculations about future possibilities.
Here I will go with the "ready, fire, aim" school and the accompanying "investigate after you invest" mantra. I've added a little more CPCL to my position today. I don't at all like averaging up, especially after the stock has run up so much so soon, but in this particular instance it's very possible -- I will bet -- that there is still more appreciation to be seen as the stock's story unfolds. That is my hope anyway, unsupported by any facts.
Paul Senior |
