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.

Monday, March 03, 2008

Optio Software---CHA-CHING

Bottomline Technologies offered to buy Optio this morning. Obviously this is why the company has been so quiet lately. Buy-out price is $1.85 a share. Less than we think OPTIO is worth--but in this market, we will take it.

Bottomline has the cash to do this deal, so the risk here is minimal for the deal not to go through. Nevertheless, we will not wait. Sell at $1.75 a share or better for a 40% gain on this one.


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