Steve, thanks for the reply. But did I mention that LEIX earned .16 per share last Q? Also, aren't we investors and traders trying to find undiscovered and undervalued stocks, i.e. LEIX, in addition to trend investing.?
FYI, I have three portfolios. One core investment account, which is basically buy and forget. One small to mid cap mutual fund (PBHGX..ouch as of late, but still good over the last 5 years), and a trading account, which is just that. Asset allocation is 50%, 30% and 20% respectively.
LEIX fits nicely in my trading account.
Investing is risk/reward management as you know, and stocks like LEIX IMO, deserve some attention, and possibly belong in one's overall strategy.
Book value of LEIX is about $3 or current market price. I have searched and have been unable to find a 100 million company with a market cap of 1/10 revenues. I agree, that the sales/price ratio is attractive, but disagree with your risk scenario, as I think the reward/risk sittuation is not all bad at these levels.
Also, does your firm offer currency trading? If so, what kind of margin options are available? Thanks, Good Trading, LF |
