My screen of profitable low float security stocks produced the following:
MIKR ($4.36) sells Infrared cameras for homeland security applications, tracking criminals, for use in public transit systems, buses, cars, when it is very hard to see, esp at night.
MIKR has better financials than IPIX and TBUS- it is Profitable NOW with only 3.7 MM float.
MIKR is also at a Defence conference Monday.
SYNX $5.11 with 1.8 MM float. SYNX is a leader in subway security systems and is installing systems in New York and Dallas right now. Profitbale with $16 MM backlog.
i disagree. i know thomas steffens and he has worked in test and evaluation with the navys developement group and also worked in the pentagon during his naval career. he was my commanding officer from 1986 to 1988 at SDV-Team Two. he is a man of integrity and i think there is another reason he was brought on board...the powers that be wanted someone on the board (this is speculation) that they know has a proven track record. mr steffens has worked closely with homeland security soince his retirement from the navy and is well respected in certain sectors of the govt. this bodes well for the stock and i believe we will see higher moves coming. i bought 4000 shares at 5.37 when i heard that the elected mr steffens to the board. just my opinion
In my last posting on overlooked ("low-priced") security stocks (specifically NLX and VSR) I forgot to mention that Ionatron was mentioned in this week's Barron's. Due to copyright considerations, I will not reproduce the whole article. Here is an excerpt:
"Ionatron describes itself as the vision of Dearmin and his co-founder, Robert Howard. Investors with long memories may remember Howard's previous stock promotion, Presstek. In 1997, the Securities & Exchange Commission charged Howard with kiting Presstek stock -- to a height of $200 a share -- with false statements and stock-analyst reports that he secretly co-authored. Howard settled the charges, without admitting to them, for $2.7 million."
You may want to norrow this to IMGG which is over 10, profitable, low float and in the process of getting relisted on Nasdaq. It was also in Tom Gardners Feb's hidden Gems, a PRELUDE TO ibd listing.
I also believe the other two are bit more risker but 5 baggers this year.
I may eventually look at OTC issues; basically I follow CANSLIM and their suggestion to stay with stocks above 10. I find that they present much lower risk for me. As I've said on this board before, I only want stocks such that when I get up and go to the bathroom, my stock doesn't take a dump too. For the most part I try to find stocks that are just comng onto the IBD radar screen. I look for stocks in the 10-15 range.
Whatever works for you and you're comfortable with though.
I agree with your assesment of lack of info and high Risk with OTC stocks. I always call the Company after reading 10k's and listening to the conference calls. In each of the case I have talked to CEO or CFO and feel comfortable with the value proposition , market and most important of all the Management. I manage my own family fund and invest between 100-250K in each of the company and watch them like a hawk but things can happen!
I typically don't look at OTC issues at all because of the difficulty getting info about them on the web. I will look at the ones you reco'ed though. How come Ionatron (or whatever name they're going under) doesn't even have a website, or did I miss it?
You're dead on IMO: That kind of market cap with no earnings is senseless. How long is it before insiders start selling and slipping out the back door? BTW, are OTC issues subject to the same insider selling rules as listed Co's do you know?
thnx for your response
It was clear from the conference call that Ionatron team is in-charge, they have brought in a retired Vice Admiral who was incharge of the Navy Seals and a security expert on the board. It looks like they needed a fig leaf to look Kosher in the eyes of investors and Nasdaq! What I am afraid of is with 77M shares outstanding and $8 a share they are very pricy with out any tangible revenue. I want this technology to materialize so that we can continue to keep the bad guys on the run!
But we may not make any money with this one!
If you want up and comming OTC stocks look into IMGG, SOTK and IPVO. They will be big winners this year! Also please do your own DD!
Happy Passover and easter to all!