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MikeDDKing

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MikeDDKing

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Re: None

Monday, 12/05/2011 9:38:11 PM

Monday, December 05, 2011 9:38:11 PM

Post# of 468
I think AXST is a potential multibagger. Here is why:

1. AXST reported earnings of $0.053/share for Q3. The stock last traded at $0.235 so it is quite cheap based upon those earnings.

2. The backlog jumped sequentially from $16.3M to $17.6M so I think there are good odds that they can put out another quarter with earnings of $0.05/share.

3. Their growth is being driven by the introduction of a product with Sprint that replaces a landline phone line with a wireless phone line.

4. There has been significant insider buying:
http://finance.yahoo.com/q/it?s=AXST.PK+Insider+Transactions

Mike

SwingTrade is my favorite board - #board-1781

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

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