Although this is my first post I’ve been a reader at VM for quite a while. Great job Bobwins and hweb. This forum and your posts are a great service for all investors. Keep up the good work.
Here are two stocks that in my opinion have significant potential. PMHX and NRDS. They are both on the pinks but are likely to be listed soon. PMHX has filed for an AMEX listing which is expected within the next 2 months. NRDS is working to complete and file their 10K.
PMHX is a rapidly growing managed care management company with revenues of $129.5 million and earnings of $0.68 for 2004. Revenues grew 95% YOY. With 8.43 million OS and $21 million cash in the bank (~$2.50 per share) this stock currently trading at $7.40 seems like great value. Management is acquisitive and supposedly have several accretive acquisitions in the pipeline.
NRDS is an Arizona based mining company that was once NYSE listed. Although not technically a value stock (no earnings yet), NRDS’s Johnson Camp Copper projected is expected to produce 20 million pounds of premium grade copper per year at full production at an average cash cost of $0.53/lb.
They also recently completed a GP survey at their Coyote Springs property. This property is located adjacent to a Phelps Dodge major copper resource (250 million pounds of Copper per year) property in Safford, Arizona. NRDS has also acquired the Mimbres property, a 4.6 sq. mile copper prospect in New Mexico. Additionally Nord Resources owns 7.1% of Allied Gold, an Australian company with some high potential gold projects in Papua New Guinea.
At its current pps of 0.35 cents, Yahoo shows a market cap for NRDS of $7.5 million. I don’t believe that’s accurate because there’s been some dilution. 10-K for 2004 is expected to be filed shortly. With copper prices at or near highs, NRDS looks promising. Needless to say, do your own DD for both stocks.
AI
