I haven’t written in months. That’s because nothing much has changed. Tons of stocks selling at PE’s over 50 and small cap stocks are still shunned, even when they have good earnings or other good news. I was looking at Kratos (KTOS) today. Decent company in the defense industry. It is selling at about 70 times earnings. Now they may win a large drone contract, maybe. But also, maybe not. I have watched them for years and it is a “tush-push”, gaining 1 yard a year in earnings, but have now more than doubled over the last year. Just insane IMO.

The only stocks I have that are doing much of anything are PERI and NEXN which are in the ad-tech space–the new manufacturing in the U.S. NEXN is selling at about 10X 2025 earnings, growing EPS at about 20%, has no debt and about $2.50 a share in cash. PERI is selling at about 10X EPS, has about $8 a share in cash, no debt and looks like it will make about $1.00 EPS this year. Both are still cheap.

My other dogs remain. IRIX that sold stock at $2 a share recently and might get sold to TOPCON later this year (IMO). ARAY, EDAP, SNCR. I dumped SBH after earnings and made a few thousand.

I always look for new stocks to buy, but really am not finding anything that looks worth buying.