Friday, July 01, 2005
A nice start to July
A good way to start the latter half of 2005. My portfolio gained about $3,000 today and finished at an all time high. I know I've been rather negligent about doing anything with my "experimental portfolios", but I've been very busy at work lately, and so I haven't had much time to think about the stock market or new investment ideas. I will try to remedy that over the next few weeks. Have a great weekend everyone!
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Why did NitroMed (NTMD) only increase 13% on news that it would begin sales of its drug BilDil by 7 July? Based on the market for Nitric Oxide drugs BilDil should bring sales of $220 million by 4Q 2005 and $550M by 3Q 2006. That would put NTMD's book value at $42/share. It is currently priced at $22/sh. Why is there such an unvaluation of this stock. Is it still undiscovered?
Do you think Amerigon (ARGN) is undervalued or undiscovered by the trading public?
Amerigon (ARGN) markets its Climate Control Seat (CCS) “cool-seat” for sale to automobile and truck manufacturers. Last week ARGN disclosed contracts for two more vehicles lines that will offer its CCS system when the vehicles premier in Fall of 2006: the 2006 Buick Lucerne and the 2006 Lincoln Zephyr luxury sedans. ARGN's CSS product will be available on a total of 17 vehicle lines made by five major automotive manufacturers – Ford, General Motors, Toyota, Nissan and Hyundai by 3Q 2006.
ARGN joined the Russell micro-cap index and has the highest revenue growth of the recent stocks added to that index and has healthy positive cash flow and revenues exceeding $32M in 4Q04. Given ARGN’s market capitalization of only $35MARGN is very undervalued.
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Amerigon (ARGN) markets its Climate Control Seat (CCS) “cool-seat” for sale to automobile and truck manufacturers. Last week ARGN disclosed contracts for two more vehicles lines that will offer its CCS system when the vehicles premier in Fall of 2006: the 2006 Buick Lucerne and the 2006 Lincoln Zephyr luxury sedans. ARGN's CSS product will be available on a total of 17 vehicle lines made by five major automotive manufacturers – Ford, General Motors, Toyota, Nissan and Hyundai by 3Q 2006.
ARGN joined the Russell micro-cap index and has the highest revenue growth of the recent stocks added to that index and has healthy positive cash flow and revenues exceeding $32M in 4Q04. Given ARGN’s market capitalization of only $35MARGN is very undervalued.
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