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Smart_Money

11/02/03 10:54 AM

#167372 RE: patentlawmeister #167370

Interesting single diget p/e stocks. I will include them in my "shoulda coulda woulda on the sidelines" portfolio. Thanks.

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Joe Stocks

11/02/03 11:46 AM

#167374 RE: patentlawmeister #167370

Welcome to the board. Thanks for the ideas. I'm a value guy myself. I'll check these out. What's your top 2-3 value picks right now.

TIA,
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TREND1

11/02/03 11:57 AM

#167378 RE: patentlawmeister #167370

Any reason why I can only get one of your stocks to show up
on Yahoo ?

Thanks in advance

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Zeev Hed

11/02/03 12:20 PM

#167380 RE: patentlawmeister #167370

Patentlawmeister, welcome to our modest abode here. Thanks for that list of supposedly attractive issues.

Most of these outfits have been delisted from the Naz, there usually are good reasons for such. Most of these trade less than 10,000 shares per day, some don't even trade daily. I did a fast look at their last 12 months performance, and sure annualizing the last quarter may give low PE, but most had at least one or two losing quarter in the last year.

IDSA had losses in two of the last 4 quarters. Annuallizing just the latest results is really not a measure (ask FSTW stock holders what that exercise gets them), a company has to show consistent profits before the market pays attention. From the bunch you suggested, it does seems to be the "best", though their business is quite "pedestrian" without much intrinsic growth potential and of course, fierce competition from the giants in the recycling field.

EGAM (BB stock by now) is showing fluctuating profits between $220 to $600 K per quarter, at least no losing quarter, and this one had an average volume of 30,000 shares per day. It could have been an Orphan "value stock". If it was not a bulletin board issue, it may have merited additional study.

ETEC (also a BB stock), it does no even trade daily, one losing quarter in the last four. Their earnings would double if they did not pay their top three people....If the economy goes back in the tank in 2005 this kind of outfit could suffer hard, but in the next 6 to 9 months, they may benefit for some IT pick up

But these three are about "it".

CREB, also a BB stock without a net tangible book and fluctuating sales. Unless there is a special trigger you may know of, it may take years before one can make a penny out of that one.

LRDI (BB) does not even show cash in the bank.... My experience with BB stocks is that you can easily buy at the ask, you can rarely sell any size at the bid....

MDPA (BB) had two losing quarters in the last four (and one of them almost put them under, they have negative book value....), surely not a safe bet that they will not repeat prior history....

EYDY (BB), I read few of their recent releases, and it "smells" of "pump", their sales have stalled in the last few quarters (but their PR keeps talking about triple digit YOY increase hiding the fact that QOQ has stalled).

HNNS (BB) had losses in two of the last four quarters, sales seems to be picking up, but they are in a faddish market with just three products, who knows how long their "luck" will hold, if it does not, they have essentially no cash on hand to weather a "bad stretch" and they have a negative book....

DBBD (also an OB company) operates mostly in Malaysia, and one never know (at least not I) what their financial statement really describes (prior experience with AREM, an essentially Indian outfit with financial statements that were figments of an imaginative accountant, prevent me from even considering looking deeper into that one.

Many BB stocks are simply the target of pump and dump operators and unless you have some specific knowledge of an impending turn around, many of them simply result in heart ache, long term. Since all these trade very thinly, scalping them is out of the question....sure one of them might become a star, but which one?


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JimQuinceH

11/02/03 8:38 PM

#167406 RE: patentlawmeister #167370

These types of stocks, I like to buy, when the market is in the dumps, like in 1974, 1982, 1987 and July to October 2002 but I'd never buy them in a Bull market. If these small companies can be profitable in horrible economic times, a person may find some gems. I picked up RTNH in the summer of 2002, bought it at $2.40, $2.00, $1.60 and $1.20, then sold it all several weeks ago at $3.24.
In 1982, I picked up a company by the name of Havenwood Ventures, at less than 1/2 cent per share, the company had no ongoing business, but somebody was filing all the forms and paying the fees, to keep it on the OTC list (at that time), I had several million shares out of some 300,000,000 shares issued. Eventually this shell, became a vehicle for a company (that now trades on the American Stock Exchange) to become a public company, they did a large reverse stock split, but even after that, I made a very large gain, from my original cost.

Jim
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gotmilk

11/03/03 5:59 AM

#167420 RE: patentlawmeister #167370

re: 95% of patents are worthless

patentlawmeister,

If a company trading on the Pink Sheets is off limits for you,
then i respect that and its o.k. not to read this post further,
nor take the time to reply back to me.

http://biz.yahoo.com/bw/031021/215712_1.html

Former Top Raytheon Engineer, Dr. Philip Cheney
Named V.P. of Emerging Technologies at Haber, Inc.

Oct. 21, 2003
Haber, Inc. (OTC: HABE - News), a New Jersey-based company
with proprietary technology for analytical instrumentation...
...
... company founder Norman Haber's pioneering work
in the field of "chemoelectronics." This scientific phenomenon,
in which electrons are excited by low-energy chemical reactions,
has a number of potential scientific and industrial applications.
...
Cheney holds B.S. and M.S. degrees in electrical engineering
from the Massachusetts Institute of Technology and a Ph.D.
in electrical engineering from Stanford University.

About Haber, Inc.
... Electromolecular Propulsion (EMP) technology
... is distinguished from the techniques of electrophoresis
and chromatography by its wide variety of potential applications
and the greater speed and control of the results.

http://www.haberscience.com

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