Wednesday, November 18, 2009

Three Stocks Under $1 (BDR), (AFN), (TOPS)

Listed below are three stocks whose prices are under $1, which may be consider as penny stocks or small cap/micro cap stocks. Many penny stock lists can be obtained through various lists if you would like to find more penny stocks consider clicking on some links on the right hand side of this blog.

Blonder Tongue Laboratories Inc. (BDR) Telecommunication Sector
Current Price $0.97
52 week range 0.25- 2.10
Market cap 5.9M
P/E 11.3
P/B 0.3
P/S 0.2

Company Overview
Blonder Tongue Laboratories designs and manufactures electronics and systems equipment for the nonfranchised cable-television industry. The company's products are used in the acquisition, conversion, distribution, and protection of television signals. Customers use these products to provide communication services to apartment complexes and condominiums, hotels, and other facilities, including schools, hospitals, and prisons. Principal customers include On-Command Video, Lodgenet Enterprises, and Phoenix Technologies.

Blonder has been unfortunate over the past 9 years and has faced negative revenue growth since 2000. In the past few years BDR has flirted with the red ink. With the maturing cable industry and intense rivalry BDR needs to establish a strong product line or service offering to achieve any future growth.

Alesco Financial Inc. (AFN) Financial Sector
Current price $0.67
52 week range $0.30-1.44
Market cap 37M
P/B 0.2
P/S 0.3

Company overview
ALESCO Financial Inc. (AFN) is a real estate investment trust (REIT). Unlike many REITs which own real estate directly, AFN makes investments in real estate-related and other securities. AFN's portfolio consists of investments in Trust Preferred Securities (TruPS), Mortgage Backed Securities (MBS) and Corporate Loan Obligations (CLO). AFN is externally managed by Cohen & Company, a leading investment banking and asset management firm focusing on lending to the real estate and financial services industries.

ALESCO just reported poor financial results, due to loan losses and the economic down turn. AFN has had more down years than up in its operating history. In this environment all things real estate have a substantial amount of risk involved with their day to day business model. I would recommend in-depth and extensive research before considering investing in AFN

TOP Ships Inc (TOPS) Transportation
Current price $1.00
52 week range $0.67 – 3.88
Market cap 30.1M
P/B 0.1
P/S 0.1

Company Overview
TOP Ships is a provider of international seaborne transportation, carrying refined petroleum products, crude oil, and dry bulk cargoes. TOP Ships manages the deployment of its fleet between spot market voyage charters, which generally last from several days to several weeks, and time charters, which can last up to several years. The company serves customers in the international tanker industry, including charterers, oil companies, oil traders, brokers, suppliers, insurers and others.

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