Friday, December 02, 2005

 

Clueless

Up about $5,000 today. A reader left a comment wondering if I knew what was up with Yi Wan holdings. To be honest, I don't know. Although I only have 10,000 shares of the stock, it's down about 40 percent from where I bought it, so needless to say, I am not pleased. If anyone knows why their quarterly report was delayed or anything else that's relevant about the company, please let me know.

And speaking of being clueless, I'm sitting on a big cash position right now and frankly, I don't have many good ideas about how to deploy it. I'll try to run some stock screens over the weekend, but if any of you have good ideas about stocks that fit my investment profile, again, please let me know. Basically, I'm looking for candidate stocks that: i) have a market cap under $500 million; ii) are not trading very far above their 52 week lows; iii) have insider buying; iv) have strong balance sheets, preferably with net asset value above market cap; v) have improving fundamentals (growing revenues, increased profitability); and vi) are fully reporting to the SEC. Obviously, few stocks will perfectly fit that profile, but the closer the better.

Comments:
Wow, those are tough standards. Stocks like that were a dime a dozen three years ago, but they sure ain't common anymore.

BTW, you mentioned insider buying; there's been a bit of insider selling recently in DECT, 3000 @ $4.45, another 3000 @ 4.65 on 10/31 (just FYI).

Also, TRNT had a great quarter, they made a couple of pennies on a huge revenue boost, claim they will do better next quarter, and trades at about .6 times tangible book. Looks like you've owned it for awhile considering its position on your spreadsheet. Will this stock ever move?

nelson1234
 
Check out SIM. Heavily undervalued steel producer priced nicely under book with an excellent balancesheet and no debt. My largest holding for about a year now accumulated around $4.00

vinesse
 
Yeah, I've owned TRNT for about 2 years now. It's one of my oldest holdings. I'd love to sell it but it's too cheap at these prices. But give me $2 per, and I'll be happy to sell.
 
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