Summary - DPW turned to be profitable in the 1 Q of 2009 and Amos Kohn, CEO is positive on its future. "While we have been very aggressive in containing costs, one area where we have not cut back is in new product development. These efforts are intended to result in several new advanced high-grade, high efficiency power system solutions being released to production within the next two to three quarters"
This is a tiny little company with a float of 2 million shares. If you take a look at its recent price action, you will see the momentum building in the stock and since it is a tiny float stock it is going to be volatile as the volumes increase. DPW closed at $2.36 last Friday, 06/19. I would buy it on a pull back. If the CEO is correct and they are able to contain their costs and at the same time gain more contracts in the next few quarters, I think this stock will be trading at $5.
Other stocks - IFON, PLGC and AIM still seem to be bullish. Worth adding on pullbacks
New Entries -
- TPI (Chinese pharmaceutical company) definetly looks like worth taking a small position. DD will be provided soon.
- Stellar Pharmaceuticals (SLXCF.OB) closed last Friday at .60 - This is a going to be a breakout play like PLGC.OB. You can read more about it here http://tinyurl.com/myn7u7. This is also a tiny float company (14 million shares outstanding as per otcbb.com).