LVCP - bid it at .50
LVCP is a new solar stock with big upside potential. If you're not game to jump in at 0.78 a share, I'd recommend at least bidding LVCP at the .50 mark. Couple thousand shares at .50....see if you get filled.
----------------
Legend Investment (OTC: LVCP) - announced two solar panel sales in the past couple of weeks, and mentioned in their press release that they expect to announce more in the coming weeks.
If you are bullish on energy prices, and alternative energy plays like solar energy, then you should taking a look at LVCP.
Current Price - $0.78
RECENT NEWS
Jan. 19, 2006 - Legend Investment Completes Second Sale of Solar Energy Products
Dec. 14, 2005 - Legend Investment Completes First Sale of Solar Panels
Dec. 05, 2005 - Legend Investment Negotiating With European Solar Company
MARKET CAP.
LVCP has one of the lowest market caps compared to other solar power stocks out there.
STP - $5.1 bill
ESLR - $821 mill
XSNX - $152 mill
DSTI - $87 mill
WWAT - $44 mill
LVCP - $2.8 mill
* As of Jan. 21, 2006
If you were to give LVCP a market cap of $28 mill (10x what it is now), it would still be on the low end for all other solar stocks, and would be representing a share price of around $6.00 per share instead of .60 a shsre. LVCP shows the best upside potential in an already over moved market.
SOLAR POWER - ACQUISITION
LVCP mentioned they plan on new acquisitions, with a particular focus on the established solar power company out of Europe they have been doing business with. With LVCP lite float, any acquisition could send LVCP above $1.00 pretty quickly.
ENERGY MARKET
As oil continues its move up around $70 a barrel, and continued instability out of Nigeria and Iran, expect the world energy markets to look to alternative energy sources such as solar, wind, and bio-desiel. If you're bullish on energy you may want to consider including an alternative energy play in your portfolio.
SHARE OUTSTANDING
Unlike many small cap stocks, LVCP is in no rush to just dump shares out into the open market. A look at the shares outstanding from the 10Q filings shows LVCP is NOT diluting their stock.
June 29, 2005 10Q - 4,565,017 outstanding
Aug. 29, 2005 10Q - 4,638,480 outstanding
Dec. 14, 2005 10Q - 4,678,480 outstanding
LEVEL 2 MARKET
One of the biggest problems LVCP has had in the past year is their non-piggyback status in the retail market. As of today, LVCP can only be bought on a unsoliciated bases, and thus has had trouble establishing their level 2 market. The company plans to file their 15c2-11 with a licsened market maker, which will allow additional market makers to jump in and take positions. With their lite float, this alone could send LVCP above $1.00 on minimum volume.
