Last week we had 5 up, 5 down, 1 even. Since the start of the year we are still 11 up and 3 down. No buys or sells this past week.
Just as a post-mortem, ONXS received a new all cash take-over offer from CDC last week–$5.00, 97% of what our valuation came up with.
Looking hard at Elizabeth Arden (RDEN). Almost bought last week when it fell under $17. Valuation is $33 a share, but it has a lot of debt, which makes us pause. No opinion yet.
CAW-(Buy price $9.45, Valuation $18.40). Closed down $.25 for the week at $9.22. CAW was dropped from the Russell index on Friday, but the fundamentals are good. They released earnings last week also, sales up 3%. Earnings were down 3%, but they would have been up 42% (!) if they hadn’t had to change the way they account for advertising expenses. Earnings comparisons for the next 2 quarters should be very good, as they were deferring some of these advetising expenses into future quarters in the past, rather than expenseing them all in Q2. Yield about 3%. Down 2% so far. BUY.
QADI-(Buy price $6.93, Valuaton $11.86). Closed at $7.73, up $.68. Got up to $7.99 on Friday but couldn’t hold there. No news. Up 12% so far. HOLD.
PDLI-(Buy price $19.31, Valuation > $30)–Closed at $18.41, up $.94 from last week. Now down 5%. Still a BUY.
MIVA-(Buy price $3.80, Valuation $9.10). MIVA closed at $4.05, up $.08 from last week. Up 7% on this one. BUY.
Datawatch-(Buy price $3.66, Valuation $9.31). Closed at $3.58, down $.05 from last week, but still a loser–down 2%. The discount to the valuation is just too big. Still a BUY.
Inforte-(Buy price $4.11, Valuation $7.32). Down $.14 to $4.76 last week. Still up 16%. Hold for $6.00.
Linn.ob-(Buy price $.36, Valuation $.79). Closed at $.38, up $.01 from last week. Up 6% Still a BUY.
OPTO.ob-(Buy price $1.25, Valuation $2.88). Closed at $1.40, up $.19 from last week Back in the plus column up 12%. A 400,000 share block traded on Friday, so hopefully the recent selling pressure will let up and this will crack over $1.50 which seems hard for this stock to do. HOLD.
AVSO.ob-(Buy price $1.19, Valuation $3.81). Stock fell $.05 from last week to $2.15. Now only up 81%. BUY
CTIG.ob-(Buy price $.27 ask, Valuation $.82). Ask price stayed the same at $.38 last week. Closed at $.35. Cash is $.28 per share. Up 41% (based on asked price). HOLD.
IYXI.ob-(Buy price $1.91, Valuation–over $3.00). Closed down $.05 from last week at $2.60, up 36%. HOLD