FZN
FZN is the Mystery stock here is what I like.
FZN Trades near 52 week lows with a 52 week high over $4.
Annual Revs
06 64,414,000
07 80,331,000
08 87,479,000
As we can see from this revenues have consistently grown Y/Y, and in q1 once again Revs grew y/y. Q1 is by far their seasonally weakest quarter and they were profitable. Earning .01 for the quarter, and earnings were fully taxed.
Next quarter which should be reported in the coming weeks. Will have an easy .01 comp. Last year sales were around 23.8 Million, a simply 5% increase should push sales to about 25 million. Margins are starting to improve which should also help. My guess is we see a .03-.05 quarter in q2, which could drive the stock Price north of $1.00. Then again you never know with earnings.
Balance Sheet is solid as FZN Trades at a discount to book. In fact book value is $1.35 versus a .59 stock price.
They also have a stock repurchase progam in place, not a reason to buy, but yet another going for it.
Conclusion: I think FZN is a good short-term trade, in fact it made it into my BTHB09 picks and My PSL Picks because I think this stock has possilities of doing very well over the next month. Then again you never know with earning, but I was busy acquiring my Position in the Mid .50's Last week. Will see if I'm right soon enough. Just my opinion.
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