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MikeDDKing

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MikeDDKing

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Re: None

Monday, 10/19/2009 10:34:33 AM

Monday, October 19, 2009 10:34:33 AM

Post# of 71722
DGSE is my latest pick. They are a retailer and wholesaler of jewelry, diamonds, watches, precious metal bullion, and coins. They look like a good candidate for a double. Here are some reasons why I like DGSE:

1. They made $0.07/share last quarter and last traded at only $1.58.

2. Increasing gold prices improves both revenue and margins. I expect the increases in gold prices to give them a nice third quarter.

3. Q4 is generally their strongest quarter so earnings should improve from here.

4. They have a strong balance sheet with a book value of $1.34/share.

5. There is recent insider buying.

Mike

Visit my favorite boards:
SwingTrade - #board-1781
VMC Motherboard - #board-3251

Due diligence on my favorite stocks is located on the sticky note on the SwingTrade board.

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