Mike Murphy on LSGP
LSGP is a 44-cent stock that is, surprisingly, a relatively low-risk way to invest in the white LED revolution. The company designs, assembles and markets products for the commercial, industrial and consumer lighting markets. They sell a wide range of lighting products, including flashlights, cabinet lighting, floodlights, parking garage lighting and outdoor lighting products. LSGP is the first company to make a high-output, dimmable, Edison-base white-LED light bulb. The company has 25 patents in LED lighting and 30 different products so far, including bulbs equivalent to 100-watt, 75-watt, 60-watt and 25-watt incandescents, the latter using less than six watts of power for a warm, flicker-free light. I want you to buy LSGP up to 50 cents a share, with targets of $1 in 2008, $2 in 2009, $3 in 2010, $4 in 2011 and $5 in 2012, when the California conversion deadline hits.
