Week in Review: BULM GAXC QPSA ZAGG
BULM: I bought a few more shares of BULM. I like the company a lot and with all the international debt uncertainty pushing Gold higher, it makes sense to buy an additional slug of shares. There really isn’t a more undervalued Junior Gold stock that is actually profitable with huge blue sky upside. I can’t believe BULM isn’t double/triple its current price. My Initial Report.
GAXC: The company announced a large DVD kiosk contract win this week. Unfortunately the stock market decided to implode. I expect this positive news to slowly start to push the stock up through its 52 week high. When a company can basically guarantee 40% growth in 2011, it will start to show up on a lot of radars. If I didn’t already own a ton, I would be buying under $1.
QPSA: Quepasa Corp had some really good news this week. They announced a $3.5 million DSM Advertising contract that will be monetized over the next 12 months. The company has been telling investors that DSM revenues will cover expenses in 2010, so this proves it. The company held an investor conference call on Wednesday [Listen Here]. The stock has finally pulled back. I think a good buy point would be $4.25-4.40. My Initial Report.
ZAGG: ZAGG will report their Q1 2010 earnings after the close on Monday. Analysts are expecting $10.6 million in revenues and 4c EPS. I believe that if the company can just meet analyst expectations over the next couple quarters, the stock will lift to $5.00+ later this year.
Disclosure: LONG BULM GAXC QPSA ZAGG
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Ian, I was on both the GAXC and QPSA calls this week. Impressed with the prospects for both companies for the balance of the year.
What are your current thoughts on TLR? Thanks, yALe
Yale:
I think TLR will be fine as it will probably be $2 when they get into production, but I actually would rather buy BULM in the low 70’s.
IC