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Chasing Value: How to Find Value Stocks -- Part 1

On Friday I had the opportunity to present an investment strategy I developed over the past few years to a major asset manager interested in learning the intricacies. Among the questions he asked, one that comes up often, is how do I go about finding particular stocks that I think might be of value.

The answer of course is not so simple, because like any other type of discovery they come about in a variety of ways. Sometimes it begins with a story, as it did in December 2008 when I included EZCorp (EZPW) among my 2009 stock picks (and 2010 and 2011). In this case I was pondering what was going to be safe, and perhaps even in growing demand during a year of financial turmoil and high unemployment. The answer was pawn shops and cash-advance stores.

Continue reading Chasing Value: How to Find Value Stocks -- Part 1

Chasing Value: Newcastle Shares Flying off the Shelf

NewcastleOne of my bargain basement stock picks (thank you Sir John Templeton) is flying off the shelf today and has been for a month. Newcastle Investment Corp. (NCT) was one of last years successful picks. It is trading up today almost 10% as I write this at 3:30 PM, EDT

I have written before about picking up this as a penny stock for 60 cents a share amidst the market panic of days gone by, now sitting on over 500% gains, and still counting as the stock is currently trading at $3.77 -- yikes! . (update: $3.84 +11.95% final)

I rarely dabble in penny stocks but Newcastle is a CMBS player with very diversified real estate interests that I have been following since it was trading near $20 per share and paying a double digit yield.

Continue reading Chasing Value: Newcastle Shares Flying off the Shelf

Three Tech Penny Stocks to Buy Now

pennyPenny stock investing doesn't have to be a crap shoot on long-shot stocks. Done well, penny stocks can be a great way to diversify your portfolio and really amp up your investment profits. While penny stock investing can be risky, it can also be very rewarding.

I recommend finding bargain penny stocks traded on major exchanges, for no less than $1 a share and with a proven track record. These penny stock investments should show significant earnings growth and strong buying pressure behind shares, increasing the likelihood that these stocks will be on the way up in the very near future.

Continue reading Three Tech Penny Stocks to Buy Now

Five Popular Penny Stocks to Sell Now

When it comes to buying inexpensive stocks, sometimes investors think that they can find bargains for just a few dollars a share. Sometimes they are right -- but other times these penny stocks can expose your portfolio to big risk and lose you a bundle in a hurry. Here are five popular stocks under $2 a share you should avoid like the plague.

Penny stock investing tends to be riskier than investing in large cap stocks, but that doesn't mean you have to settle for losers in your quest for big penny stocks that take off. Here are five penny stock losers to avoid:

Continue reading Five Popular Penny Stocks to Sell Now

Three Penny Stocks to Buy Now

Penny stock investing doesn't have to involve super risky stocks that can erase your retirement money. Penny stock recommendations also can encapsulate low-priced stocks that are more stable, trading at bargain prices and low valuations. These bargain investments trade for between $1 and $3 -- very cheap compared to traditional equities. Though they are not trading for a few cents like some penny stock recommendations, these stocks are worth the extra share price because they have added stability.

Continue reading Three Penny Stocks to Buy Now

Three Penny Stocks to Buy Now

As a "growth guy," who focuses on sales and earnings, I have very strict guidelines for screening penny stocks. Small stocks come with big risks, and there aren't always the concrete numbers I demand in these investments. However, if you do your homework you can often separate the poor penny stocks from the shiny picks that could deliver big profits overnight.

Here are three of my favorite penny stocks right now:

Continue reading Three Penny Stocks to Buy Now

Make a Quick 35-40% in Tower Semiconductor

It's a volatile market out there, but investors shouldn't take that as a sign that they should run for the hills. The bottom line is that volatility can cut both ways -- and while most traders are more concerned with the downside risks, that shouldn't overshadow the potential for quick and substantial gains with a well-timed swing trade.

In my book, one of the best short-term buys you can make right now is a well-timed in and out in small cap tech stock Tower Semiconductor Ltd. (TSEM). Shares cost about as much as a fountain soda from the corner store, but have the potential to add a sugar rush to your portfolio very quickly.

Continue reading Make a Quick 35-40% in Tower Semiconductor

Get Serious About Buying Sirius XM

Sirius XM Radio SIRI logoSirius XM Radio (SIRI) shares opened lower Monday morning, pushing down near the $1 mark. But investors who have been watching this stock for a while know that it can give up a lot more before it shows signs of slowing down. SIRI is up a stunning 70% year to date, even while the broader market is in the red.

In fact, I think there's a tremendous buying opportunity in Sirius stock right now since shares have drawn back about 20% from a their high in the beginning of May.

Continue reading Get Serious About Buying Sirius XM

Blockbuster Seeks Reverse Stock Split

In an effort to do something meaningful, sinking ship Blockbuster Inc. (BBI) is seeking a a reverse stock split. The expected move appears to be an attempt to artificially prop up the company's share price, which as of this writing had deflated to $0.268 per share, in after hours trading -- falling another 4.7% after closing down 9.8% on Monday.

It is anticipated that Blockbuster shall ask shareholders to approve the reverse stock split by voting in favor of the move at the company's May 26 annual meeting in Dallas.

Continue reading Blockbuster Seeks Reverse Stock Split

Krispy Kreme reports better-than-expected quarterly results

Doughnut dean Krispy Kreme (KKD) baked up its third-quarter earnings, revealing a net loss of four cents per share. The quarterly earnings reflect provisions for the settlement of litigation and related legal costs, which totaled three cents per share. A year ago, Krispy Kreme lost nine cents per share in the third quarter.

Krispy Kreme's president and CEO noted, "Our results continued to improve year-over-year in the third quarter ... Our improved results are evidence of progress in implementing our strategic initiatives, which have us on a path toward building a growing, profitable business that is sustainable for the long term."

Continue reading Krispy Kreme reports better-than-expected quarterly results

Memo to SEC: Put the zombie stocks out of their misery

USA Today's Matt Krantz reports that shares of some companies bankrupted by the financial crisis have posted huge gains in recent months: "Lehman and WaMu, for instance, were booted from stock exchanges and filed for bankruptcy protection. Yet on the lightly regulated Pink Sheets markets, this year their stocks are up 500% and 1,050%, respectively."

The problem is that shares of companies like Lehman and WaMu are completely worthless with no prospect for recovery for shareholders. Ownership of the company's assets is no longer held by the common stock -- and with creditors taking losses, there is no chance that shareholders will receive a nickel.

Continue reading Memo to SEC: Put the zombie stocks out of their misery

Interested in buying some General Motors stock?

motors liquidationIf you are one of the investors out there watching General Motors stock each day trying to pick the perfect time to buy the stock... don't! For whatever reason, people have continued to buy General Motors stock, despite the fact that the company and the government have issued warnings that the stock is destined to be worthless.

I read an interesting article that reported yesterday there were 12.6 million shares of General Motors traded. Maybe people do not realize that the company went into bankruptcy, or maybe they are just trying to profit off of traders that are not aware that this is not new General Motors stock, but the volumes are a bit curious.

Continue reading Interested in buying some General Motors stock?

Sirius XM Radio gets an upgrade from S&P -- surely you can't be serious

Sirius XM Radio (NASDAQ: SIRI) may get a bit of a lift this morning, as the company's corporate credit rating was raised by Standard & Poor's (S&P). The ratings agency upped SIRI's rating to "CCC+" from "CCC" and raised the issue-level ratings a notch. That said, S&P did keep SIRI's senior unsecured notes at "CCC-."

S&P analyst Hal Diamond attributed the move to "increased comfort with the company's near-term liquidity needs," following a loan from Liberty Media. Liberty loaned SIRI money in exchange for preferred stock, which is convertible into 40% of SIRI's common shares. This investment pushed significant debt maturities from 2009 to 2011.

Continue reading Sirius XM Radio gets an upgrade from S&P -- surely you can't be serious

Five stocks under $5 to consider

My core investment strategy of trading strong penny stocks (which earned me 197% last year) has clearly benefited from the overall market's strength of the past few days. While I'm looking at these following five names, I'm not rushing into them just yet. Each has a different story to tell:

Ferro Corp. (NYSE: FOE), a struggling industrial materials maker whose stock price has plummeted in the past six months from the $20s to $1, basically doubled to $2 after the company amended its financing agreement -- meaning its lenders gave it some breathing room.

Continue reading Five stocks under $5 to consider

NYSE suspends $1 rule

The New York Stock Exchange has decided to temporarily suspend (subscription required) a rule requiring that companies be kicked off the exchange when their shares fall below $1 for 30 consecutive days. With the stock market in free fall, many once proud companies have seen their shares dive into that bargain basement, and the NYSE has decided it doesn't want to add fuel to the fire by sending them off to Casino Pink Sheets.

The exchange also said that it would maintain its relaxed minimum market cap standard of $15 million -- down from the usual $25 million. Both new policies will be in effect until June 30th, unless they are renewed.

Continue reading NYSE suspends $1 rule

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IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ-23.352,903.88
S&P 500-9.311,342.64

Last updated: February 11, 2012: 06:08 PM

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