CCNI
Over the last couple of weeks I have been adding here and there to my tiny position in CCNI (.35 and under). Here is what I like.
1) CCNI earned .003 in q1, and has started to show good revenue growth, I expect about .05 for the FY which giving the decent PE staffing firm have been getting lately, I think .50 is a very likely scenario if not more.
2) CCNI has easy comps which I expect them to beat handily, which will help the stock.
Conclusion: I don’t think CCNI has this massive potential to triple or anything like that, but a good 40-60% move from here is very possible, either way I see limited downside risk buying at .35 and under going into their seasonally stronger periods, and see decent upside. It is kind of strange for a stock under a $1.00 in respect that I see very good upside as likely, but limited downside, normally stock under $1 are more swing for the fences types. This one in my opinion is worth a small position, given to me the low risk, with the decent reward pairing I see it as. All is just my opinion, and I could always be wrong though.
