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Tuesday, August 18, 2009

Two stocks I looked at before

Stumbled into these two stocks while scanning the market...

China Education Alliance (CEU, chart)
It seems they made it to the NYSE. But then again, so did ACLN.
I dumped it all in Oct 2007 at $1.15 for fear of a fraud. It was the right thing to do. CXTI turned out to be a fraud. I'm happy to see they're still going and selling for $4.55.

So CEU announced Q2 results recently.
They're reporting 13 cents diluted vs 7 cents last year. Reporting revenue increases of 82%.

Conference call on their website. Maybe I'll look at it again up close, but there's a lot of stuff closer that's selling cheap.

Table Trac (TBTC) Here's a summary. It was 70 cents when I looked at it back in 2005. It's $1.75 now (they were over $4). They're late with the latest 10-Q. They have net cash, 36% net margins, looks like weak cash flow, very high customer concentration that varies year to year. Made a big loan to a customer. Based on a quick look at the 10-K also, I think I was right about this one.

Here's a website with detailed info on pink sheets. The link is: http://www.accreditedmembers.com/
Ever checked out CIWT ?
I really look forward to read other useful post from you. Its really interesting and thanks for sharing your knowledge with others.
Nice blog....I appreciate you for the work..
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