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.

Thursday, March 03, 2011

SELL IPAS @ $1.64

Last quarterly earnings disappointed us. We expect our valuation to fall to about $2.70 next quarter based on their guidance. Not a screaming sell, but looks like dead money for a while.

We will take the $.55 in dividends (return of capital) and our 15% gain on this one.

We may be back some day, but not until their valuation starts to move in the right direction.


Post a Comment

<< Home