I agree a 10% divy increase coming in early February. Would fit recent pattern of increasing the divy every 5th quarter, rather than annual like many other companies.
Now OCLG is a penny stock going the right direction - UP. They are acquiring companies with actual sales and earnings and reducing debt. Admittedly, they have a long way to go but the power of being at 0.0075 now with the possibility of .25 to .40 later this year, well, you do the math. They just filed their 10-Q. Do your own DD. [I have been long VUOC since 2008, and wish I could cash out, but since it is in my IRA, not able to take the tax loss....so I keep hoping.]
PLKD may not be buying OCLG, BUT thanks to this post I found OCLG and did my DD. OCLG does seem to have a great story. I started buying on 1/6 and have an average cost of 0.005. Now at 0.0076 at 0.0078. Could be a huge winner IMHO. Do your own DD.
I was just able to buy a bright dimmable LED R20 45W at Safeway for $11.99. Regular R20s cost $6.99. I can apparently save $0.50/mo with this bulb which should last 25 years vs. 3. I can save the difference in cost in one year (using for ~3 hr/day), and the next 24 years is gravy, not to mention not buying some 7-8 incandescent bulbs during that time.
As I have said before, I am quite angry at this apparently fake company that could have cornered the market 5 years ago, but through either/or/and incompetence or flim flam have totally missed their chance, and ours.
I like this small utility, so I just doubled down thanks to the downgrade opportunity. What do you think of the odds that they will increase the dividend? It has been the same for a long time, at least 5 years....
I just doubled down at 12.29, wish I could have caught it in 10-11 range earlier today...
10-K is out. If this company is for real, it could be a big winner. My guess is that there will at some point be a reverse split to get price to a reasonable level. However, I hope there is a pop up before that for chance at huge gains....
I know that this is a risky investment, but they seem to be on a strong growth path, along with reduction of debt. I agree that the stock is undervalued (per CEO), how much I do not know.
My thought is that the PE is in line with the growth rate and the yield is above average. I like companies that are conservatively priced, have a good yield, are small, and have good growth prospects. IQNT fits this description. I have 400 shares at just under $17 acquired 10/31.