IYNX--SELL
The takeover was announced this morning--$3.01 cash per share. We will not wait for this one to close. Traded at $2.80 most of the morning, $2.72 now. Call it $2.75 for a 44% gain.
We focus on undervalued small-cap stocks. Usually with a large cash cushion. We have developed a valuation formula that has been highly successful, especially on small tech stocks. Since 2006, we have closed out 49 stock positions with an average gain of 37%. 9 stocks have been taken over.
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