Patentlawmeister, welcome to our modest abode here. Thanks for that list of supposedly attractive issues.
Most of these outfits have been delisted from the Naz, there usually are good reasons for such. Most of these trade less than 10,000 shares per day, some don't even trade daily. I did a fast look at their last 12 months performance, and sure annualizing the last quarter may give low PE, but most had at least one or two losing quarter in the last year.
IDSA had losses in two of the last 4 quarters. Annuallizing just the latest results is really not a measure (ask FSTW stock holders what that exercise gets them), a company has to show consistent profits before the market pays attention. From the bunch you suggested, it does seems to be the "best", though their business is quite "pedestrian" without much intrinsic growth potential and of course, fierce competition from the giants in the recycling field.
EGAM (BB stock by now) is showing fluctuating profits between $220 to $600 K per quarter, at least no losing quarter, and this one had an average volume of 30,000 shares per day. It could have been an Orphan "value stock". If it was not a bulletin board issue, it may have merited additional study.
ETEC (also a BB stock), it does no even trade daily, one losing quarter in the last four. Their earnings would double if they did not pay their top three people....If the economy goes back in the tank in 2005 this kind of outfit could suffer hard, but in the next 6 to 9 months, they may benefit for some IT pick up
But these three are about "it".
CREB, also a BB stock without a net tangible book and fluctuating sales. Unless there is a special trigger you may know of, it may take years before one can make a penny out of that one.
LRDI (BB) does not even show cash in the bank.... My experience with BB stocks is that you can easily buy at the ask, you can rarely sell any size at the bid....
MDPA (BB) had two losing quarters in the last four (and one of them almost put them under, they have negative book value....), surely not a safe bet that they will not repeat prior history....
EYDY (BB), I read few of their recent releases, and it "smells" of "pump", their sales have stalled in the last few quarters (but their PR keeps talking about triple digit YOY increase hiding the fact that QOQ has stalled).
HNNS (BB) had losses in two of the last four quarters, sales seems to be picking up, but they are in a faddish market with just three products, who knows how long their "luck" will hold, if it does not, they have essentially no cash on hand to weather a "bad stretch" and they have a negative book....
DBBD (also an OB company) operates mostly in Malaysia, and one never know (at least not I) what their financial statement really describes (prior experience with AREM, an essentially Indian outfit with financial statements that were figments of an imaginative accountant, prevent me from even considering looking deeper into that one.
Many BB stocks are simply the target of pump and dump operators and unless you have some specific knowledge of an impending turn around, many of them simply result in heart ache, long term. Since all these trade very thinly, scalping them is out of the question....sure one of them might become a star, but which one?
AI
