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Re: otcbargains post# 12944

Friday, 06/03/2005 2:22:43 PM

Friday, June 03, 2005 2:22:43 PM

Post# of 174965
otc, I picked up some more CGNW. Has to be one of the cheapest stocks out there with Q3 earnings of .04/share and 9-month earnings of .09/share. How many stocks under .50 can say that? Heck...how many stocks under $1??

In the unlikely event that the stock is not discovered this summer, they should have a favorable Q4 comp coming up. Company should also post some big annual earnings...maybe .12-.14/share vs. a loss last year. Trailing P/E would be in the 3-4 range!

Hard to beat the risk/reward on this one. Downside looks limited while the stock could rise 50-100% and still be very undervalued.

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