MrLucky, Lately I've been seeing a lot of penny stocks turning up for no apparent reason.
I think that COPI responds more to the Macro Economic picture than others do.
Lately, the market has been up because the "double dip" is now clearly "off the table", so to speak. A lot of companies are making good sales and profits, so the GDP is going up a little faster as the economy is healed.
Furthermore, as business improves hiring of employees has picked up a little. More than any other group these factors directly benefit the Consumer. Both of the operational divisions of COPI, telemarketing and hiring tools, are directly targeting that group of Consumers, as employees and spenders.
So COPI, the stock, is probably at or near the lowest price we shall see it for years to come. As the consumer gets healed by getting hired, they are also going to start spending their earnings again. Some of that will happen thru telemarketing, which will expand as a biz segment.
It seems obvious to me that the telemarketing biz will soon follow the resurgence in hiring. And both will benefit COPI. Let's just hope that the economy continues to hold together for a while longer.
But unfortunately, according to the Mayans and Nostradamus, the world is supposed to end on Dec21, 2012. So I really don't know what the longer-term future will bring for COPI.
All just my opinion...
VV
