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.

Wednesday, June 29, 2011

Sell Ninetowns at $1.38

We are giving up on NINE. They took about $80 million of their cash and bought real estate. This won't generate earnings for a long time (if ever). We did not buy this as a China real estate play and will take our 10% loss and move on.


Post a Comment

<< Home