VSNT 3 MM FLOAT MO Play $8.5 +35% 8 PE
VSNT is up 35 % the last few days but is just starting
Here's why VSNT best NASDAQ Momentum play IMO
1) Just reported record earnings of $.28 for Q3, its slowest quarter.
2) Foward PE of 8 based on $1 per share 2006 Earnings guidance. IF VSNT WAS PRICED AT INDUSTRY AVERAGE PE IT WOULD BE $28.
3) Year over year 10% sales growth Q3 2006 vs. Q3 2005
4) VSNT was over $250 5 years ago and is now achieving best financial results in history.
5) 3.5 MM float with 500,000 institutional ownership; "available" float is 3 million shares
6)$2 per share cash and no debt.
7) Low float low PE stocks have been the hottest market sector this year (e.g. MIKR).
8) VSNT will appear on the IBD top stocks < $10 list very shortly- IBD momentum crowd provides huge boost to low float stocks.
9) Other profitable low float stocks like MIKR and SIMC went from $5 range to teens with lower earnings than VSNT.
10) Hedge fund and portfolio managers back from holidays next week will propel market, especially quality low float momentum stocks like VSNT
11) VSNT is in a "sweet spot" A profitable tiny float stock with a low PE very close to $10. When these stocks go over $10 the momentum from institutional buying really kicks in.
12) The next quarter should be even BETTER- its VSNT's STRONGEST QUARTER.
13) New software releases this summer will add to momentum.
14) The fall season, especially November, is the strongest period for technology stocks and especially low float stocks.
