Orlando, Florida 12-13-2010
The markets continue to trade up as the Fed pours money into the economy. Our opinion is this will have a very bad ending. I have always been told not to fight the Fed so naturally there may be an opportunity to buy some carefully selected stocks. At The Micro Cap Report we continue to look for undervalued under followed growth stories.
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Akorn Inc is appears to be a diamond in the rough. We located this company early in the year and picked up 3000 shares in the high 3 dollar range. We bought an additional 1000 shares last week. Averaging up not down a very important thing to remember. Akorn, Inc. manufactures and markets diagnostic and therapeutic pharmaceuticals in the areas of ophthalmology, antidotes, anti-infectives, and controlled substances for pain management and anesthesia in the United States
(Disclosure long 4000 shares AKRX)
SRI/Surgical Express, Inc. provides central processing and supply chain management services to hospitals and surgery centers in the United States. This stock saw an increase in volume in November, which I love the space and feel like this is an excellent growth story.
Ace Hardware Indonesia is one of the Wasatch Micro Cap Value Funds top ten holdings. After researching the company on yahoo finance, I found it very compelling. Here is a link to their profile page on Yahoo Finance, where you can find more information on the company: http://finance.yahoo.com/q?s=ACES.JK
At The Micro Cap Report we see Hastings as a micro cap value play. The company came to my attention while researching a Seeking Alpha contributor I respect. . The company was founded in 1968. Hastings Entertainment, Inc. is a leading multimedia entertainment retailer that combines the sale of new and used books, videos, video games and CDs, as well as trends and consumer electronics merchandise, with the rental of videos and video games in a superstore format. They currently operate 146 superstores, averaging approximately 25,000 square feet, primarily in medium-sized markets throughout the United States. They also operate a new concept store, Sun Adventure Sports, in Amarillo, Texas.
This company has unparalleled potential. Hard Creek's chairman Mark Jarvis has a track record of success. As China continues to grow at a rapis pace commodities continue to rise. Hard Creek Nickel Corp. (TSX - HNC) is developing its core asset, the Turnagain project, a giant nickel-sulphide deposit located in north central British Columbia, Canada. The April 2010 Preliminary Assessment report completed by Wardrop, a Tetra Tech Company estimates the calculated Measured & Indicated resources 695,012,000 tonnes grading 0.216 total Ni, and 0.014 Cobalt, plus an additional 510,818,000 tonnes grading 0.199 total Ni, 0.014 Cobalt in the inferred resource category.
(Disclosure Long 2500 shares)
James S. Painter III
Emerging Markets Consulting LLC
10724 High Crest Court
Howey In The Hills Florida 34737