IPII is on this list:
Bottom 100 Stocks for Oct 5
Average Weighted Alpha is -68.92
www2.barchart.com
This is a good place to look if you like bottom fishing. I would suggest looking at the ones that have the higher % of volume which can mean they're going down or up on volume. VG is there and notice what a good day it had on Friday.
Right now I'm looking at these too:
LEV...is definitely one to watch..huge volume coming off of a 52 week low....when it pulls back think it might be a buy; it's homebuilding and land planning...16.5M float
Lots of debt but book value 14.48 = current price 3.44
Gosh..they even give a dividend
=======================BUSINESS SUMMARY
Levitt Corporation, together with its subsidiaries, operates as a homebuilding and real estate development company in the southeastern United States. The company operates in two divisions, Homebuilding and Land. The Homebuilding division primarily develops single and multi-family homes for adults and families in Florida, Georgia, Tennessee, and South Carolina. The Land division engages in the development of master-planned communities in Florida and South Carolina. It engages in the acquisition of large tracts of raw land; planning, entitlement, and infrastructure development; the sale of entitled land and/or developed lots to homebuilders and commercial, industrial, and institutional end-users; and the development and leasing of commercial space to commercial, industrial, and institutional end-users. As of December 31, 2006, this division owned approximately 6,500 gross acres. In addition, the company develops industrial, commercial, retail, and residential properties, as well as owns equity interests in Bluegreen Resorts, which engages in the acquisition, development, and marketing of vacation resorts. Levitt Corporation was founded in 1982 and is headquartered in Fort Lauderdale, Florida.
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Granted since they're the bottom 100 stocks, it's doubtful you'll see superior FA. However, still think there's money to be made on some of these.
Percentage of Institutional
Shareholders: 71.5% this is for ADG...it's defense and security biz...gosh..think this could be good...not saying chart ready..but would think this is the kind of thing we're looking for, something that is down, but improving and possibly changing trend.
Balance Sheet
Total Cash (mrq): 6.16M
Total Cash Per Share (mrq): 0.79
Total Debt (mrq): 54.38M
Total Debt/Equity (mrq): 2.233
Current Ratio (mrq): 1.055
Book Value Per Share (mrq): 3.122
Average Volume (3 month)3: 81,469.7
Average Volume (10 day)3: 88,633.3
Shares Outstanding6: 7.80M
Float: 7.14M
% Held by Insiders4: 13.81%
% Held by Institutions4: 48.90%
Shares Short (as of 11-Sep-07)3: 298.59K
Short Ratio (as of 11-Sep-07)3: 5.5
Short % of Float (as of 11-Sep-07)3: 3.90%
Shares Short (prior month)3: 352.12K
wow...love that float 7.14m
The Allied Defense Group, Inc. provides defense and security solutions for government and commercial requirements worldwide. The company's Ammunition and Weapons Effects segment engages in the design, development, manufacture, and sale of ammunition and light weapons for military use. Its products include mortar ammunition, 90mm ammunition, 105mm tank ammunition, 120mm tank ammunition, and grenades, as well as battlefield effects simulators. The Allied Defense Group's Electronic Security segment develops microwave surveillance systems for use in law enforcement, port security, border security, airport security, high-end commercial security, and citywide surveillance and defense applications. This segment also manufactures miniature and sub-miniature FM and digital transmitters, receivers,.....
Tue, Sep 25, 2007
• The Allied Defense Group Receives Ammunition Orders Exceeding $14.5 Million
PR Newswire (Tue, Sep 25)
Mon, Sep 24, 2007
With that sized float one more good PR regarding contract,etc and it should rock
It is trading above the downward TL and rsi is headed down...so imho one to watch
====================
***Stockholders approved the proposal to approve the potential issuance of Company Common Stock in excess of twenty percent of the issued and outstanding shares pursuant to the Amended and Restated Securities Purchase Agreement dated as of June 19, 2007, and the ancillary documents referred to in the Amended and Restated Securities Purchase Agreement.***
Know some people get very upset about this kind of thing, but let's face it, sometimes companies have to issue shares to provide financing, etc. or they can't produce their product.
Lexi |
