Thanks, Madharry. FWIW, I believe Jurgis and I are the two who have posted about GFRI. I started buying the stock at .20. Currently, it is my largest holding with an average price of around .40. I have sold some of my shares, but I don't believe it is overvalued here with a single digit PE.
The principle use of bromine, by the way, is as a fire retardant. It's also used in drilling and as an additive to specialty chemicals. China is a net importer of bromine and company has recently given guidance on the increasing price of this commodity.
I've been very busy at work and haven't had time to post, so I'll take this opportunity to catch up on what I've been doing. KTOS is a stock I posted about. I have sold my position for a profit
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I've also sold RSG, the last of my trash stocks. My original purchase was around twelve dollars.
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I have a concentrated portfolio and a large position in cash. The stocks I own are CHNG, CNOA, GFRE, CHGI, and PRSC.
CHNG is a stock I've owned for a couple of years. I've recently bought more and yesterday it was recommended as a buy by Roth. Today's NY Times has an interesting story about natural gas being used as a transportation vehicle. This will happen sooner in China than in the US, so I consider this as a long term hold for me.
nytimes.com
With that in mind, I've started a small position in CHGI. It trades by appointment but I have buys in on weakeness. You can listen to their recent presentation at the Rodman and Renshaw Conference. Some of the other stocks that I own also made presentations.
rodmanandrenshaw.com
I still own CNOA. The third quarter results should be interesting as the company sells at a very low PE, but management is still suspect in that they haven't taken steps to move to a higher exchange. My average price is around .40. The current trade is around .70.
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I own PRSC. I didn't post it here as I didn't think Paul would want to hear about stocks on the brink of default. My average price is two dollars. I still like it and tried to buy some yesterday.
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The company is paying down debt and selling at a single digit PE. Their latest presentation is listed below.
wsw.com
finance.yahoo.com
Finally, I was surprised to see some biotechs posted here recently. FWIW, I own CLDX. It certainly isn't a value stock, but at these prices I think it's worth a gamble. |
