Wednesday, November 16, 2005
HQSM Q3 results
Revenues are up nicely. Selling and distribution costs continued to drop. They finally put some provision for doubtful accounts! $197K. Profits are good, even with the provision added. They earned 1 cent, about the same as Q3 last year if you take away last year's exceptional gain on recovery. It's also about the same as Q2. Share count is about what I expected. Nothing really happened with the stock after the announcement at about 1:00 PM today. The bid and ask are 45 and 46 cents. Conclusion: I still believe it's worth about 50 cents.
Unrelated: here's a 175 year old tortoise, born in 1830, just 4 years after Thomas Jefferson died.
developed your approach - ed
If you look at my reading list, you'll see most of the theory that influenced my views on investment. There are a lot of marketing and management books that I left off.
In my opinion, theory without persistent dilligent practice doesn't do much good. And hard work without knowledge and curiousity doesn't do much good, either.
My question is where are you pulling these stocks from. Are you just going through the pink sheets one by one or doing some type of screening? If you do not want to disclose your methodolgy I understand.
Thanks for your thoughts.
[NOTE: The above, while being strictly true, might be a bit misleading],
It was humorous, but the only part that's really not true is that they actually aren't toiling endlessly.
The truth is that we're going through 7,000+ stocks using brute force and surprisingly little automation.