Sergio,
I am always looking for ideas, but generally am a longer term holder. My most recent purchases have been INAI, a local company which showed its first quarter in the black this fall. Word around here is that they are on their way.
And a I took a flyer (a small position) on CXIM. It has been as high as $8 on takeover rumors. Now at $3, I hear that a takeover is more likely than ever, but I do not place a high level of certainty on that happening, but the stock is cheap.
Longer term winners include LUSA, a nice play in insurance marketing for those nearing retirement-but which now is not nearly as undervalued as it was a year ago. And DDDDF which has moved from 8 to 22 this year and is now consolidating in the 18-19 range. I understand their enterprise software is the state of the art. The stock should make $0.90 this year and grow at a 40%+ clip. Now selling at only 14 times next years estimates, this one remains undervalued.
My other undervalued relatively conservative play is ROILB, the old Box Energy. This situation was a family feud in the midst of a publicly traded oil drilling company. The outrageous behavior of the Box brothers has allowed the stock price to fall to a ridiculous valuation. JR Simplot has taken over and the stock is a new lows recently, but will move up smartly once some litigation is settled.
(If that sounds complicated, it is but nonetheless I am willing to sit on and acccumulate value)
AIRM is by far my largest position and I have spent more time on them, talking with management and other players in the stock, and understanding all the in's and out's of their business. I have such a large position because I feel very comfortable that the downside risk longer term is minimal and that a triple from here will be a good return, even if it has taken several years.
Now, what does MIMBO stand for?
Elliot |
