I think Beacon is going to announce this one tomorrow as well. Just a total guess, but the pieces of the puzzle fits and often they announce their picks the day of or right after a major announcement from the company. See the e-mail they sent below in case you don't get them.. Plus it all seems to fit... "panick selling a month ago" - look at this stock - almost a month exactly it dropped 30% in one day and it has slowly reversed higher as noted. Also, I think Beacon proposed it in Nov of last year at which time it went up about 50% which they note below.. Again total guess.
Just on fundamentals the new deal they signed is probably worth 5 cents in EPS and with a p/e of 20 that equates to $1/share. So I think this is the play - the value is now there at $1 per share - you no longer have to guess what it's worth because they have a contract in place with a legit organization...I'm sure others in Europe are to follow. So my view - tomorrow it will gap to close to $1 per share so I'd be buying now. Total long shot = high risk.
Our latest idea comes from one of our longtime favorite areas of the market—the "Green" sector. This company has developed an innovative technology that they hope will make a major dent in the US gas consumption.
The best part is that after a day of panic-selling almost a month ago, the stock has since stabilized and slowly reversed higher. This looks like a classic turnaround to us. You can buy the stock today for a big discount to where it was just a few months ago. So, while the company still is as good as it was a couple months ago, you can scoop up shares at a big discount right now compared to where it has traded in the past.
And did we mention that we've had a great track record with this company? Yes, we've actually mentioned this one to our members before. In fact, the first time we alerted members to this growth story, the stock shot up nearly 50% following our alert …and was one of our strongest performers of the year.
Stay tuned as we will be announcing the name of this proven performer tomorrow morning. As the old saying goes, "History may not repeat itself exactly….but it often rhymes."
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