came across the following while wandering the message boards this past week and these two very exciting companies are from two of Pickle's suggestions. Pickle suggested a look at BFCI (Braun's Fashions Corporation) and ACMR (A. C. Moore, Inc) both trading on NASDAQ under the symbols noted.
I did my own Due Diligence and liked what I saw, like yourself and bought in at 8 and then paid a little less a few days later. At current prices, I've got an almost 50 % gain and it's in less than 3 months and according to all the stats I read on BFCI, I still consider it very "undiscovered" and look for BFCI to go through it's peak of last year of 14 3/8 and move up to the 16's for a minimum. At 16, with $ 1.50 expected in earnings for this year, and with BFCI opening 30 new stores in this current fiscal year, I consider it only "fairly" valued at 16. BFCI has a website which is:
In all my years in buying stocks, I've found that Wall Street always works in excess. When a stock should get punished for a poor performance, it's always punished more than it should be. And conversely, when a stock should ride the crest of euphoria, it always moves up further than it should. If BFCI comes under this very common Wall Street "spell," it's entirely possible for it to penetrate the 16's on the upside and move to ? It's then and only then that I'll decide to leave this "ship" and look for another "ferry" for my investment $$$.
BFCI has $ 10 M in cash which amounts to $ 2.05 cash in every share. Long term debt is down to $ 200 K. Their Current ratio is 3.23 to 1, excellent for a retailer.
Meanwhile, at 11 3/4, BFCI is still very much a bargain and yet to be discovered by the searching eyes of Wall Street uncovering bargains.
Pickle also recently showed me A. C. Moore, Inc. (ACMR) on NASDAQ and called my attention to the June issue of Worth Magazine in which MIKE (Michael's Stores) was noted as one of 7 value oriented stocks to invest in today for uncommon growth. ACMR is one of MIKE's competitors in this vast fast growing $ 11 B Arts and Crafts Industry. With MIKE having a PE ratio in excess of 18, if you just apply a price to ACMR based on 75 % of MIKE's PE, you will see ACMR selling in the low 9's and if MIKE continues it's upward path, ACMR will be dragged even higher. Analysts project $ .69 for ACMR this current fiscal, up from last year's $ .51. ACMR was a B. T. Alex Brown new issue at 14 less than 2 years ago and has already traded at 19 within the past 12 months. Go to the ACMR website and view their stats:
The bullish market of late has given every investor a tremendous opportunity to make money. I have been searching for a source of information and PICKS that would help me to take advantage of our present state of the market, and I think I have finally found it. This site offers a free two-week trial newsletter so I tried it out� and I was completely amazed with this guy�s PICKS. That was about a year ago and I�m already up well over 200%. Hell, this guy suggested NSOL,CNET, and CMGI for 3/8/99 (+40), (+40), and (+47 1/2) respectively. Also EPAY on 3/15/99(+21 57/64).
One of the best aspects of the site is the Daily Post page where he discusses the news by the minute and explains what he�s looking at presently. This page seems to be updated every fifteen minutes to half-hour.
With regards to the statistics�in '98 his short-term plays gained an average of 25% in 10 trading days; long term holds gained an average of over 65% for the year.