Monday, April 04, 2011 3:12:07 PM
You ever find $500k market cap companies whose cash equals TWICE their market caps (and no debt)?
You ever find $500k market cap companies with earnings that are not only (a) positive, but also (b) nearly twice their market caps? (i.e., P/E = 0.5)
Seriously, that doesn't happen. Indeed, $500k market cap companies on the OTCBB are generally shells or severely distressed.
But I hear ya that some of the fastest runners in the penny stock world are the $500k issues. If you get enough interest in them by some folks buying them up, and if some claims about future riches come out, then it can get pretty darn exciting.
I happen to like stocks like that for part of my portfolio, and I also like to have stocks like IDLM (that help me get some sleep!).
Wadi
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