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, April 03, 2007

Blonder Tongue (BDR) and CTI Group (CTIG.ob)

BDR reported Q4 and 2006 year results. About what we expected. Our valuation dropped from $5.88 to $5.12. Our $5.88 valuation was based on estimating the impact of the various transactions BDR did late in 2006 (patent sale, Broadband sale, stock buy-back). Now with the real numbers, our valuation is more solid. Trading at $2.32, BDR is still trading at less than 50% of our valuation (45%). Up 27%. HOLD

CTIG.ob also reported Q4 and 2006 year numbers. The important numbers are in their Form 10K--the pro-forma numbers for the Ryder acquisition. Our new valuation is $1.42, up from $1.28. At $.39 asked, this is still only 27% of our valuation. Up 44% based on ask price. BUY


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