Another, another, another– bad week in the markets in general. Last week we had 6 up, 4 down and 1 even. Since the start of the year we are 11 up and 3 down. Two new BUYS this past week, CCA Industries (CAW) and QAD Systems (QADI).
CAW-(Buy price $9.45, Valuation $18.40). Closed up $.04 for the week at $9.49. At least it did not go down. Call it even so far. BUY.
QADI-(Buy price $6.93, Valuaton $11.86). Closed at $7.20, up 4% in a crappy market. Well some things do start out right sometimes. Still a BUY.
PDLI-(Buy price $19.31, Valuation > $30)–Closed at $17.87, down $1.09 from last week. Apparently it was an even better buy under $18! Now down 7%. Still a BUY here under $19.
MIVA-(Buy price $3.80, Valuation $9.10). MIVA closed at $3.96, up $.11 from last week. Up 4% on this one. BUY.
Datawatch-(Buy price $3.66, Valuation $9.31). Closed at $3.50, up $.09 from last week, but still a loser–down 4%. The discount to the valuation is just too big. Still a BUY.
Inforte-(Buy price $4.11, Valuation $7.32). Fell $.09 to $4.68 last week. No news, just a crappy market. Still up 14%. Hold for $6.00.
Linn.ob-(Buy price $.36, Valuation $.79). Closed at $.32, unchanged from last week but still down 11%. No news. Just have to wait on earnings growth or a deal on this one. Still a BUY.
OPTO.ob-(Buy price $1.25, Valuation $2.88). Closed at $1.30, down $.05 from last week, now up only 4%. Announced earning last week. Had a small, expected loss. Their sales look a bit seasonal and their new valuation dropped to $2.88 from $3.09. At less than 50% of value, I bought more last week at $1.35– BUY.
AVSO.ob-(Buy price $1.19, Valuation $3.81). Stock rose $.03 from last week to $2.03. They sold some equity at $2.00 to refinance the bridge loan they took out to finance the recent acquisition. Fact that outside investors paid $2.00 a share is good news. I am sure they are looking for at least 25% compound annual returns. So are we. Now only up 71%. BUY
CTIG.ob-(Buy price $.27 ask, Valuation $.82). Ask price dropped to $.35 last week. Closed at $.35. Cash is $.28 per share. Up 30% (based on asked price). Still a BUY.
IYXI.ob-(Buy price $1.91, Valuation–over $3.00). Strong price rise continued last week. Closed up $.05 from last week at $2.67, up 40%. HOLD