Penny Stocks to Watch by Stock Analyzer
Submitted by Stock Analyzer
Penny Stocks to Watch
BIDZ 11.89 on earnings watch AH today
Here is a POTENTIAL PLAY for today After hour and tomorrow
12:52PM Bidz.com Schedules Conference Call Today Tuesday, November 27 at 4:30 pm EST (BIDZ) 12.40 -0.15 : Co announces it has scheduled a conference call today at the close of market to address the concerns raised in a negative "research report" issued yesterday by Citron Research. The co says this report contains innuendo and inaccurate information about the co and coincided with a decline in the trading price of the co's common stock. The co believes Citron may have issued this report in an attempt to take advantage of the declining market: the principals of Citron Research almost always take positions (presumably "short") in securities that it profiles.
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Labels: BIDZ, penny stocks
posted by km @ 11/27/2007 08:24:00 PM
2 Comments
2 Comments:
I find that stocks trading with very low price to sales ratios tend to become takeover targets because of their extremely low valuations. the price to sales ratio for those investors not familiar with this measurement its simply the market cap of a companies stock compared to the amount of sales a company does on an annual basis. market cap is the value of all the companies shares outstanding multiplied by the market price of the shares. so if a company does say 1 billion dollars in annual sales and the company has a market cap of 100 million dollars this would mean the price to sales ratio is ten to one. a company like this would be much more likly to be taken private or bought out by management or private equity or be bought by another company in the same business that is if the company is in decent shape' simply because the company could be purchased for just 100 million dollars. or maybe a modest premium over the 100 million dollars say 140 million dollars. as opposed to another company in similar condition but with a much higher price to sale ratio.
Great penny stocks blogspot.
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