Dear IRVINESULLY:
After my excruciating experiences with CSMA, MDMI and even SETO (among others), I swore that I would never invest in another BB stock. Unfortunately for my resolution, however, I recently bought some MCNS at 5 1/8 before I learned that it was a BB stock, headquartered in Bermuda yet. So much for due diligence, eh? I got my money back and am now playing with free stock.
I'm also back on the wagon. No more BBs for me!
I understand the lure of BBs and the thrill they provide. But I can also show you three quality stocks (CD, ASYT, CYMI) that were all at 52-week lows just a couple of months ago, all around $6.50. All three traded last week around $18. It's not guaranteed, of course, but all three could easily be in the mid-30s this time next year, given a normal market. CD in particular is probably still a steal at $18.
If you want to look at an under $5 that has a chance of doubling next year, look at EPTG. And do your own DD.
If you want to look at a good stock that has already had a good run-up, but may have an excellent coming week (and year), check out Belfuse. It comes in two flavors, BELFA and BELFB. The only difference is that BELFB are non-voting shares. BELFB is currently trailing BELFA by about $4 a share. I recommend BELFB after you've done your own DD and valuation, of course. There are threads on the company on both Silicon Investor (under BELF) and Yahoo (BELFA).
Of course wait to see what the market does Monday morning, too, on the news of Impeachment. I expect the volume on both BELFA and BELFB to increase considerably next week.
Is BELFB expensive at $30 3/4? Depends on how you define expensive. I bought ETEC at $31 and watched it go to $62 last year. Wish I'd bought more now. One analyst is now forecasting a share price of $60 for Bel Fuse next year. If Belfuse doesn't meet those high expectations, at least you'll be "stuck" with a real company. I'm cleaning out the cookie jar come Monday morning.
Bootz |
