There are a few other companies that look promising right now, but I'm short of funds in this portfolio. I've been debating whether to cash out some of my profits to expand my holdings, or perhaps moving over additional funds from my main investment portfolio ... but more likely, I'll sit back and let things go a while longer before making any greater commitment to the market.
4 comments:
Is Jamba (JMBA) on your list yet?
Jamba's not on my watchlist - looks like the company has taken a significant nosedive in the past year, a 90% loss in value. Major investors (namely, Tudor Investment Company) have been dumping their shares, and both the CEO and CFO were run out on a rail by the board. Sales are in the diaper bin, and they've scaled back (virtually cancelled) aggressive expansion plans. Starbucks as well as QSRs like Taco Bell, Sonic, and McDonalds have moved in on their product offering.
In all, I don't see a lot to like about this company right now. That's not necessarily a bad thing - it could be that their troubles are temporary and that they will recover, and the stock price will leap back to where it was before; or it could be that they really are on the road to ruin.
Given that there's no good news and the company doesn't seem to have any plans to recover (other than wishing on the economy), I'm not inclined to take a chance on them just yet. Even if they cook up a solution, their high-traffic season (summer) is nearly over, so I don't expect that there will be a significant reversal in the next several months.
I'll make a note to look them up this spring - maybe March or so. If they're still in business, and if they've gotten their act together, I might consider placing an odds bet on them in hopes they will recover as summer sets in.
Came across your site today and was interested. I too invest in some low priced stocks. I am in VTSS, which announced it wil have Audited financials out in 2 weeks for the past 2 years as they have been under investigation by SEC for Back-Dating Options and under a cloud now for the past 2 years. Their top customer is IBM. You might want to venture in.
The other is an Electric Utilities play symbol BCON. They are going from Development phase to Production this 4th quarter. They have been shorted recently very heavily (15%) but they will have revenues the 4th quarter. They manage the Electric Grid with Flywheeel technology.
Anyway, nice site.
Thanks for the note and the heads-up on those two companies ...
I'm using this blog as a way of tracking my investment history - there are a lot of tools to analyze your current portfolio and its financial performance, but nothing I've found does a good job of preserving the rationale: why did I buy that stock? Are my expectations still on track? Especially with the pennies, that matters a lot more than the "traditional" metrics.
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