Cheap Stocks

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.

Tuesday, July 29, 2008

ILOG--SOLD!

As announced yesterday, IBM made an offer of 10 Euros per share yesterday. This is worth about $15.75. 33% below our valuation--but still a 26% gain for us. In this market, we will take it gladly. ILOG was halted on the Paris stock exchange yesterday and in the U.S. In Paris today the stock was trading about 9.72 Euro--or $15.30.

Sell at $15.25 or better. High likelyhood that this deal will close since it is pocket change for IBM, but anything can happen these days.

posted by Cheap Stock Investor | 4:39 AM

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