May

29

Realigning my portfolio

May 29, 2007 | 1 Comment

I’ve taken the weekend to do a substantial bit of research, and although I’m by no means finished, I’ve come up with some new ideas. I’ve also taken a hard look at my current portfolio and realize that there is some room for rearranging, so this morning I’ve decided to pare a few holdings and free up some cash to bring in some new holdings. I’ve summarized my decisions below.

Sold GSCP at $2.75–I still believe this stock is […]

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May

23

Further thoughts on GSCP

May 23, 2007 | Leave a Comment

We’re back after a few technical problems yesterday. Yesterday was a pretty boring day for the market, so I will not bother to look backward too much. My one comment is regarding Globescape’s buyback. Essentially, management just said, “We are going to take the stock to $3 and get an AMEX listing.” Anyone who listened to the conference call understands that management is really targeting an AMEX listing and that they are going to do what […]

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May

22

Globescape to buy back 6% of shares outstanding

May 22, 2007 | 1 Comment

Globescape announced this morning that it would repurchase $3 million in stock, or just over 6% of the total shares outstanding. This was one of my recent additions when the stock price dipped to $2.25, and the stock has already had a nice 17% bounce since then. Today’s news comes as a bit of a surprise, given that microcap companies seldom buy back their own stock, but those who listened to the GSCP conference call for the first […]

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May

15

Two new holdings: HRBN and GSCP.OB

May 15, 2007 | 2 Comments

This afternoon I purchased two stocks that I have been tracking for a few months now: Harbin Electric and Globescape. I am in beginning to write up reports on both companies, but in the meantime, I will provide some brief commentary regarding my purchases.

I purchased a large stake in HRBN at $13.20. Harbin is now my largest holding, and I believe it has the potential to be a big performer over the near to medium term. HRBN […]

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Jan

3

Profiling GSCP.OB

January 3, 2007 | Leave a Comment

Today I will profile Globescape, a distributor of secure FTP software based in San Antonio. I have been watching this stock for a few months, having been attracted to its strong revenue growth (+25% in 2005 and 2006) and positive earnings. The company has outstanding margins and a huge return on equity (53% according to Yahoo). The company was recently approved for AMEX listing, which could prove to be a catalyst for a price advance. It is up 8% today, […]

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