Value Microcaps Motherboard

[bbotcs]

CPE--Interesting

Forbes has an "article" out today listing 5 cheap growth stocks. CPE is one of them. They predict annual earnings growth of 18 percent. So let's get a price target.

Conservative eps is $1.50. Multiply by 18 and you get $27 as a fair value. CPE is trading around $20.

This stock is in the oil industry. Apparently there is a $7 per share hurricane penalty right now.

If CPE makes it through this season with no major problem, there is a possibility of getting a 35 percent return in 12 months, maybe sooner. I am thinking that $1.50 per share could prove to be too low.

Disclosure: I own only 200 shares. I did own about 1500 shares, but bailed out several months ago on hurricane worries.
If they dodge the hurricane bullet and this stays around $20, I'm backing up Cramer's truck.