Savvy Trades and Investments

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I still like AVNW here. Altho liked it more around $14. If nothing else, stocks that keep hitting new 52-week highs in this market just keep drifting higher. So a low floater like AVNW could trend up towards $20 if the market stays hot.

I love the balance sheet on this one with $7/share in cash. Big turnaround in Q2. But upcoming Q3 is seasonally weak. Earnings could be just above breakeven. Q4 should be another big quarter, but a long wait for those numbers.

I don't think AVNW is quite the slam dunk that Mermelstein does, but I do think it's undervalued. Maybe because there's just not many cheap stocks in this expensive market. Or maybe because every day I'm reading one lousy earnings report after another. Not much out there to get excited about. At least AVNW should post some impressive bottom line improvements for the next 3 quarters.