Good Over-the-Counter “Pink” Stocks, besides ADRs by David Merkel, CFA of Aleph Blog
I really appreciate my readers. Here’s an e-mail from one:
David,
Just read your recent blog post “E-mails on Insurance.”
You made the comment that “aside from non-sponsored ADRs no good companies trade on the pink sheets.”
Of course that is true in a general sense. I also am sure you have been inundated with lots of email taking exception to that comment.
One company I have loosely followed over time (that I came across just by chance many years ago) is Computer Services (CSVI) [www.csiweb.com]. There is no volume in the stock so institutional managers have no ability to take a position, but the firm has done a great job of growing the business while maintaining profitability (been an opportunistic acquirer of small bank processor companies) and is probably a candidate for consolidation by a Fiserv or someone like that. Anyhow, I think if you take a look at the firm, you will see that there is at least one solid company traded on the pinks (and I am sure there are others, I just don’t go fishing there).
My comment “aside from non-sponsored ADRs no good companies trade on the pink sheets.” is an overstatement. To prove that, I give you a list of 148 companies that:
- Have been profitable for the last four fiscal years.
- Are US companies
- Are not ADRs
2370 companies that trade over-the-counter reduce to 148 companies — 6.24% of the whole, explaining why my overstatement is largely, but not totally correct. I would not tell someone to look amid these companies to find good ones, but there are some good ones there. I have listed them in declining order of market capitalization.
| Company | Ticker | Sector | Industry | Mkt Cap | Dollar Volume | P/E | P/B | P/S |
| Belk Inc | BLKIA | 09 – Services | 0951 – Retail (Department & Discount) | 2,057.80 | – | 12.40 | 1.66 | 0.51 |
| First National Bank Alaska | FBAK | 07 – Financial | 0727 – Regional Banks | 604.00 | – | 14.90 | 1.23 | 5.45 |
| First Citizens Bancorporation, | FCBN | 07 – Financial | 0727 – Regional Banks | 572.70 | 33.20 | 9.60 | 0.64 | 1.87 |
| Computer Services, Inc. | CSVI | 10 – Technology | 1036 – Software & Programming | 476.10 | 146.81 | 18.20 | 3.80 | 2.31 |
| Hills Bancorporation | HBIA | 07 – Financial | 0727 – Regional Banks | 345.00 | 3.65 | 13.30 | 1.29 | 4.03 |
| Farmers & Merchants Bancorp | FMCB | 07 – Financial | 0727 – Regional Banks | 324.40 | 20.85 | 13.60 | 1.54 | 4.27 |
| FRMO Corp. | FRMO | 07 – Financial | 0721 – Misc. Financial Services | 302.80 | 23.45 | 26.90 | 3.66 | 16.64 |
| HomeFed Corporation | HOFD | 02 – Capital Goods | 0215 – Construction Services | 299.80 | 22.83 | 62.40 | 1.79 | 7.93 |
| First Opportunity Fund, Inc. | FOFI | 07 – Financial | 0721 – Misc. Financial Services | 262.10 | 269.95 | 7.20 | 0.86 | 58.25 |
| International Wire Group Holdi | ITWG | 01 – Basic Materials | 0127 – Misc. Fabricated Products | 255.40 | 2.61 | 19.60 | 6.69 | 0.21 |
| Canandaigua National Corporati | CNND | 07 – Financial | 0724 – Money Center Banks | 249.90 | 6.65 | 12.20 | 1.66 | 3.41 |
| Viskase Companies, Inc. | VKSC | 01 – Basic Materials | 0109 – Containters & Packaging | 237.90 | 214.50 | 24.10 | 0.67 | |
| Conrad Industries, Inc. | CNRD | 11 – Transportation | 1118 – Water Transportation | 226.80 | 249.58 | 9.10 | 1.95 | 0.86 |
| United Capital Corp. | UCAP | 10 – Technology | 1024 – Electronic Instruments & Controls | 187.40 | 4.80 | 13.40 | 1.34 | 1.58 |
| Isabella Bank Corp | ISBA | 07 – Financial | 0727 – Regional Banks | 184.70 | 52.67 | 15.50 | 1.14 | 3.39 |
| Profire Energy, Inc. | PFIE | 02 – Capital Goods | 0209 – Construction – Supplies and Fixtures | 160.20 | 98.83 | 41.90 | 10.81 | 5.97 |
| Cambridge Bancorp | CATC | 07 – Financial | 0727 – Regional Banks | 150.50 | 59.33 | 11.50 | 1.47 | 3.20 |
| Citizens Financial Services In | CZFS | 07 – Financial | 0718 – Investment Services | 148.30 | 24.55 | 10.90 | 1.64 | 4.06 |
| Mestek, Inc. | MCCK | 02 – Capital Goods | 0218 – Misc. Capital Goods | 144.40 | 0.86 | 8.80 | 1.03 | 0.41 |
| Webco Industries, Inc. | WEBC | 01 – Basic Materials | 0127 – Misc. Fabricated Products | 143.50 | 16.95 | 15.50 | 0.57 | 0.22 |
| First Keystone Corp. | FKYS | 07 – Financial | 0727 – Regional Banks | 137.80 | 18.75 | 12.80 | 1.42 | 4.32 |
| MVB Financial Corp | MVBF | 07 – Financial | 0724 – Money Center Banks | 135.30 | 14.40 | 22.10 | 1.67 | 5.34 |
| First Mid-Illinois Bancshares, | FMBH | 07 – Financial | 0727 – Regional Banks | 130.30 | 4.40 | 12.90 | 1.32 | 2.43 |
| First Real Estate Investment T | FREVS | 09 – Services | 0933 – Real Estate Operations | 126.70 | 13.69 | 42.40 | 7.73 | 3.08 |
| First Manitowoc Bancorp, Inc. | BFNC | 07 – Financial | 0730 – S&Ls/Savings Banks | 120.80 | 33.30 | 11.30 | 1.19 | 3.07 |
| Peoples Financial Services Cor | PFIS | 07 – Financial | 0727 – Regional Banks | 120.40 | 62.40 | 14.60 | 1.90 | 4.37 |
| First Farmers & Merchants Corp | FFMH | 07 – Financial | 0727 – Regional Banks | 111.20 | 3.30 | 13.30 | 1.05 | 3.05 |
| Yasheng Group | HERB | 05 – Consumer Non-Cyclical | 0509 – Crops | 105.50 | 3.88 | 0.80 | 0.05 | 0.11 |
| Farmers & Merchants Bancorp In | FMAO | 07 – Financial | 0727 – Regional Banks | 105.10 | 62.01 | 11.40 | 0.98 | 3.37 |
| Nova Lifestyle Inc | STVS | 04 – Consumer Cyclical | 0421 – Furniture & Fixtures | 89.20 | 93.77 | 16.80 | 2.50 | 1.17 |
| Golden Growers Coop | GGROU | 05 – Consumer Non-Cyclical | 0509 – Crops | 89.10 | 1.44 | 18.50 | 2.30 | 0.93 |
| First Guaranty Bancshares, Inc | FGBI | 07 – Financial | 0727 – Regional Banks | 88.20 | 7.01 | 10.50 | 1.03 | 1.72 |
| QNB Corp | QNBC | 07 – Financial | 0730 – S&Ls/Savings Banks | 83.40 | 49.82 | 9.70 | 1.12 | 2.62 |
| CCFNB Bancorp Inc | CCFN | 07 – Financial | 0727 – Regional Banks | 78.40 | 26.99 | 12.00 | 1.05 | 3.75 |
| Calvin B. Taylor Bankshares, I | TYCB | 07 – Financial | 0727 – Regional Banks | 75.70 | 3.84 | 17.80 | 0.95 | 5.11 |
| Juniata Valley Financial Corp | JUVF | 07 – Financial | 0730 – S&Ls/Savings Banks | 73.20 | 7.85 | 18.80 | 1.50 | 4.35 |
| Northwest Indiana Bancorp | NWIN | 07 – Financial | 0730 – S&Ls/Savings Banks | 72.70 | 7.68 | 9.80 | 1.08 | 2.76 |
| Franklin Financial Services Co | FRAF | 07 – Financial | 0727 – Regional Banks | 71.80 | 36.33 | 13.10 | 0.77 | 1.97 |
| Rand Worldwide Inc | RWWI | 10 – Technology | 1036 – Software & Programming | 67.60 | 24.38 | 41.70 | 2.05 | 0.85 |
| Centrix Bank & Trust | CXBT | 07 – Financial | 0727 – Regional Banks | 67.40 | 7.17 | 12.00 | 1.29 | 2.26 |
| Peoples Bancorp | PBNI | 07 – Financial | 0730 – S&Ls/Savings Banks | 66.80 | 7.20 | 21.60 | 0.88 | 3.59 |
| Reserve Petroleum Co | RSRV | 06 – Energy | 0609 – Oil & Gas Operations | 66.20 | 20.75 | 10.90 | 2.05 | 3.49 |
| Harleysville Savings Financial | HARL | 07 – Financial | 0730 – S&Ls/Savings Banks | 65.60 | 19.95 | 13.90 | 1.10 | 2.09 |
| William Penn Bancorp Inc | WMPN | 07 – Financial | 0730 – S&Ls/Savings Banks | 65.50 | 28.80 | 23.40 | 1.15 | 4.86 |
| Kentucky Bancshares, Inc. | KTYB | 07 – Financial | 0727 – Regional Banks | 65.30 | 6.00 | 9.10 | 0.92 | 2.36 |
| Community Bancorp Vermont | CMTV | 07 – Financial | 0727 – Regional Banks | 64.50 | 5.31 | 13.70 | 1.50 | 2.82 |
| Hennessy Advisors Inc | HNNA | 07 – Financial | 0718 – Investment Services | 64.30 | 9.81 | 13.10 | 2.23 | 2.74 |
| Monarch Cement Co | MCEM | 02 – Capital Goods | 0212 – Construction – Raw Materials | 63.40 | 13.42 | 21.00 | 0.96 | 0.69 |
| Armanino Foods Of Distinction | AMNF | 05 – Consumer Non-Cyclical | 0515 – Food Processing | 63.10 | 47.48 | 21.90 | 9.85 | 2.25 |
| Q.E.P. Co., Inc. | QEPC | 02 – Capital Goods | 0209 – Construction – Supplies and Fixtures | 62.10 | 17.14 | 5.80 | 1.08 | 0.21 |
| Commercial National Financial | CNAF | 07 – Financial | 0727 – Regional Banks | 60.10 | 17.85 | 12.10 | 1.33 | 4.17 |
| Croghan Bancshares, Inc. | CHBH | 07 – Financial | 0727 – Regional Banks | 57.90 | 8.63 | 12.80 | 0.86 | 2.72 |
| Burnham Holdings Inc | BURCA | 02 – Capital Goods | 0209 – Construction – Supplies and Fixtures | 57.20 | 6.66 | 12.80 | 1.29 | 0.42 |
| Standard Financial Corp. | STND | 07 – Financial | 0727 – Regional Banks | 56.10 | 51.56 | 19.30 | 0.71 | 3.39 |
| Choiceone Financial Services I | COFS | 07 – Financial | 0727 – Regional Banks | 54.90 | 13.34 | 11.30 | 0.90 | 2.85 |
| LICT Corporation | LICT | 09 – Services | 0915 – Communications Services | 54.00 | – | 6.70 | ||
| Capital Properties Inc | CPTP | 09 – Services | 0939 – Rental & Leasing | 52.80 | 4.80 | 34.80 | 34.78 | 6.86 |
| Middlefield Banc Corp | MBCN | 07 – Financial | 0727 – Regional Banks | 52.70 | 101.40 | 8.10 | 1.00 | 1.87 |
| CSB Bancorp Inc (Ohio) | CSBB | 07 – Financial | 0730 – S&Ls/Savings Banks | 52.00 | 20.90 | 10.10 | 1.00 | 2.49 |
| Jeffersonville Bancorp | JFBC | 07 – Financial | 0727 – Regional Banks | 51.70 | 17.69 | 11.80 | 1.03 | 2.71 |
| Georgia-Carolina Bancshares In | GECR | 07 – Financial | 0727 – Regional Banks | 51.70 | 59.45 | 7.80 | 0.90 | 2.78 |
| PSB Holdings Inc (Wisconsin) | PSBQ | 07 – Financial | 0727 – Regional Banks | 50.60 | 10.72 | 8.30 | 0.90 | 1.86 |
| Consumers Bancorp, Inc. | CBKM | 07 – Financial | 0730 – S&Ls/Savings Banks | 49.30 | 2.72 | 14.00 | 1.33 | 2.86 |
| Quality Products, Inc. | QPDC | 02 – Capital Goods | 0218 – Misc. Capital Goods | 47.70 | 3.78 | 8.30 | 4.84 | 1.63 |
| Northway Financial, Inc. | NWYF | 07 – Financial | 0727 – Regional Banks | 47.10 | 10.26 | 6.70 | 1.03 | 1.41 |
| Granite Falls Energy LLC | GFGY | 01 – Basic Materials | 0103 – Chemical Manufacturing | 45.90 | – | 15.30 | ||
| George Risk Industries Inc | RSKIA | 09 – Services | 0972 – Security Systems & Services | 45.20 | 9.89 | 11.40 | 1.40 | 4.27 |
| F&M Bank Corp | FMBM | 07 – Financial | 0727 – Regional Banks | 43.30 | 11.21 | 9.00 | 0.84 | 1.63 |
| Southern Michigan Bancorp | SOMC | 07 – Financial | 0727 – Regional Banks | 42.50 | 5.33 | 9.40 | 0.77 | 2.15 |
| Noble Roman’s, Inc. | NROM | 09 – Services | 0942 – Restaurants | 42.30 | 69.62 | 30.90 | 3.28 | 5.63 |
| Minden Bancorp Inc | MDNB | 07 – Financial | 0730 – S&Ls/Savings Banks | 41.60 | 3.50 | 12.80 | 0.98 | 4.07 |
| Surrey Bancorp | SRYB | 07 – Financial | 0727 – Regional Banks | 41.50 | 4.68 | 16.50 | 1.36 | 3.91 |
| Corning Natural Gas Holding Co | CNIG | 12 – Utilities | 1206 – Natural Gas Utilities | 40.20 | 7.99 | 20.40 | 1.78 | 1.74 |
| Pioneer Railcorp | PRRR | 11 – Transportation | 1112 – Railroads | 37.00 | 6.72 | 21.30 | 2.80 | 1.77 |
| Ziegler Companies, Inc., The | ZGCO | 07 – Financial | 0718 – Investment Services | 35.70 | 27.00 | 17.60 | 1.10 | 0.45 |
| XCel Brands Inc | XELB | 07 – Financial | 0721 – Misc. Financial Services | 35.60 | 0.35 | 5.70 | 1.04 | 2.33 |
| Security Federal Corporation ( | SFDL | 07 – Financial | 0730 – S&Ls/Savings Banks | 35.40 | 8.42 | 13.20 | 0.63 | 1.14 |
| Regency Affiliates Inc | RAFI | 12 – Utilities | 1203 – Electric Utilities | 33.90 | 1.44 | 9.00 | 1.05 | |
| New Ulm Telecom Inc | NULM | 09 – Services | 0915 – Communications Services | 33.50 | 5.90 | 8.90 | 0.59 | 0.90 |
| Heritage Bankshares, Inc. | HBKS | 07 – Financial | 0727 – Regional Banks | 29.60 | 8.45 | 14.10 | 1.00 | 2.79 |
| Home Loan Financial Corporatio | HLFN | 07 – Financial | 0730 – S&Ls/Savings Banks | 29.50 | 2.60 | 8.60 | 1.17 | 2.82 |
| High Country Bancorp, Inc. | HCBC | 07 – Financial | 0730 – S&Ls/Savings Banks | 29.50 | 9.90 | 15.20 | 1.24 | 3.15 |
| Commercial Bancshares, Inc. O | CMOH | 07 – Financial | 0727 – Regional Banks | 29.10 | 14.76 | 10.30 | 0.95 | 2.06 |
| South Street Financial Corp. | SSFC | 07 – Financial | 0730 – S&Ls/Savings Banks | 28.70 | 121.25 | 28.50 | 1.05 | 2.29 |
| CreditRiskMonitor.Com Inc | CRMZ | 10 – Technology | 1018 – Computer Services | 27.90 | 1.75 | 87.50 | 6.48 | 2.38 |
| Smtp Inc | SMTPD | 10 – Technology | 1018 – Computer Services | 25.80 | 27.23 | 20.60 | 15.57 | 4.46 |
| West End Indiana Bancshares In | WEIN | 07 – Financial | 0730 – S&Ls/Savings Banks | 25.70 | 7.40 | 18.30 | 0.80 | 2.10 |
| Northeast Indiana Bancorp | NIDB | 07 – Financial | 0730 – S&Ls/Savings Banks | 25.50 | 6.21 | 9.30 | 0.92 | 2.55 |
| Summit Financial Services Grou | SFNS | 07 – Financial | 0718 – Investment Services | 25.20 | 23.80 | 15.40 | 2.51 | 0.31 |
| First Bancorp of Indiana, Inc. | FBPI | 07 – Financial | 0730 – S&Ls/Savings Banks | 24.90 | 2.85 | 16.00 | 0.86 | 1.88 |
| Spindletop Oil & Gas Co | SPND | 06 – Energy | 0609 – Oil & Gas Operations | 24.40 | 3.17 | 7.30 | 1.28 | 1.89 |
| Frederick County Bancorp (MD) | FCBI | 07 – Financial | 0727 – Regional Banks | 24.10 | 7.20 | 15.80 | 0.91 | 1.90 |
| Meritage Hospitality Group Inc | MHGU | 09 – Services | 0942 – Restaurants | 24.00 | 3.26 | 6.60 | 2.35 | 0.21 |
| Pinnacle Bankshares Corp | PPBN | 07 – Financial | 0727 – Regional Banks | 24.00 | 7.95 | 17.90 | 0.85 | 1.54 |
| CNB Financial Services Inc | CBFC | 07 – Financial | 0727 – Regional Banks | 23.60 | – | 15.10 | 0.83 | 1.97 |
| Investors Heritage Capital Cor | IHRC | 07 – Financial | 0709 – Insurance (Life) | 23.50 | 8.28 | 11.70 | 0.44 | 0.29 |
| Trans World Corporation | TWOC | 09 – Services | 0912 – Casinos & Gaming | 22.50 | 3.32 | 12.80 | 0.53 | 0.63 |
| Pinnacle Bancshares, Inc. | PCLB | 07 – Financial | 0727 – Regional Banks | 21.70 | 4.46 | 9.10 | 0.82 | 2.33 |
| FFW Corporation | FFWC | 07 – Financial | 0730 – S&Ls/Savings Banks | 21.40 | 6.74 | 9.10 | 0.93 | 1.66 |
| ASB Financial Corp. (OH) | ASBN | 07 – Financial | 0730 – S&Ls/Savings Banks | 20.70 | 5.85 | 13.40 | 0.98 | 1.96 |
| SBT Bancorp Inc | SBTB | 07 – Financial | 0727 – Regional Banks | 20.50 | 21.95 | 13.50 | 1.06 | 1.72 |
| Seychelle Environmental Techno | SYEV | 02 – Capital Goods | 0218 – Misc. Capital Goods | 20.40 | 20.22 | 19.80 | 4.65 | 3.46 |
| Great American Bancorp | GTPS | 07 – Financial | 0727 – Regional Banks | 19.80 | 2.70 | 13.40 | 0.80 | 2.26 |
| Sierra Monitor Corporation | SRMC | 10 – Technology | 1030 – Scientific & Technical Instruments | 19.70 | 12.68 | 15.00 | 2.41 | 1.10 |
| Logansport Financial Corp. | LOGN | 07 – Financial | 0724 – Money Center Banks | 19.60 | 2.50 | 9.00 | 0.86 | 2.30 |
| Seneca-Cayuga Bancorp Inc | SCAY | 07 – Financial | 0724 – Money Center Banks | 19.60 | 1.24 | 9.50 | 1.00 | 1.64 |
| Micropac Industries, Inc. | MPAD | 10 – Technology | 1033 – Semiconductors | 18.90 | 3.67 | 20.90 | 0.96 | 0.97 |
| Texas Vanguard Oil Co | TVOC | 06 – Energy | 0609 – Oil & Gas Operations | 18.60 | 1.31 | 22.60 | 1.40 | 3.04 |
| Issuer Direct Corp | ISDR | 09 – Services | 0909 – Business Services | 18.30 | 46.92 | 20.90 | 7.19 | 3.26 |
| Environmental Tectonics Corpor | ETCC | 02 – Capital Goods | 0203 – Aerospace and Defense | 17.90 | 3.22 | 21.70 | 2.47 | 0.55 |
| Wells Financial Corp. | WEFP | 07 – Financial | 0730 – S&Ls/Savings Banks | 17.80 | 13.50 | 13.60 | 0.67 | 1.99 |
| Sono-Tek Corporation | SOTK | 02 – Capital Goods | 0218 – Misc. Capital Goods | 17.40 | 37.68 | 60.00 | 2.79 | 1.89 |
| DynTek, Inc | DYNE | 10 – Technology | 1036 – Software & Programming | 17.00 | 0.80 | 5.00 | 2.23 | 0.13 |
| Riverview Financial Corporatio | RIVE | 07 – Financial | 0727 – Regional Banks | 16.90 | 12.81 | 12.00 | 0.63 | 1.30 |
| Paradise, Inc. | PARF | 05 – Consumer Non-Cyclical | 0515 – Food Processing | 16.60 | 3.20 | 18.80 | 0.78 | 0.66 |
| Bank McKenney (VA) | BOMK | 07 – Financial | 0727 – Regional Banks | 16.60 | 4.30 | 9.10 | 0.73 | 1.55 |
| Quaint Oak Bancorp Inc | QNTO | 07 – Financial | 0730 – S&Ls/Savings Banks | 15.60 | 30.88 | 23.60 | 0.85 | 2.38 |
| Greenville Federal Financial C | GVFF | 07 – Financial | 0730 – S&Ls/Savings Banks | 15.40 | 2.20 | 17.50 | 0.82 | 2.55 |
| BV Financial Inc | BVFL | 07 – Financial | 0730 – S&Ls/Savings Banks | 14.40 | 1.20 | 30.00 | 1.15 | 2.49 |
| Jaclyn, Inc. | JCLY | 04 – Consumer Cyclical | 0403 – Apparel/Accessories | 13.70 | 2.70 | 15.40 | 0.62 | 0.08 |
| OPT-Sciences Corp | OPST | 10 – Technology | 1030 – Scientific & Technical Instruments | 13.50 | 1.74 | 12.90 | 1.05 | 2.04 |
| Citizens Bancshares Corporatio | CZBS | 07 – Financial | 0727 – Regional Banks | 13.30 | 1.94 | 11.40 | 0.40 | 1.02 |
| Chino Commercial Bancorp (CA) | CCBC | 07 – Financial | 0727 – Regional Banks | 13.20 | 2.39 | 19.20 | 1.45 | 3.09 |
| IEH Corporation | IEHC | 10 – Technology | 1024 – Electronic Instruments & Controls | 12.10 | 20.74 | 8.50 | 1.26 | 0.82 |
| ITEX Corporation | ITEX | 07 – Financial | 0718 – Investment Services | 11.60 | 15.20 | 10.50 | 0.88 | 0.72 |
| Zynex Inc. | ZYXI | 08 – Health Care | 0812 – Medical Equipment & Supplies | 11.20 | 9.67 | 1.20 | 0.39 | |
| Great Lakes Aviation, Ltd. | GLUX | 11 – Transportation | 1106 – Airline | 10.50 | 8.07 | 0.27 | 0.08 | |
| Fairmount Bancorp Inc | FMTB | 07 – Financial | 0727 – Regional Banks | 9.80 | 1.01 | 49.40 | 0.70 | 2.58 |
| Solitron Devices, Inc. | SODI | 10 – Technology | 1033 – Semiconductors | 9.50 | 32.63 | 11.20 | 0.85 | 1.10 |
| Repro-Med Systems, Inc. | REPR | 08 – Health Care | 0812 – Medical Equipment & Supplies | 7.70 | 3.80 | 21.00 | 1.62 | 0.96 |
| Union Electric Company | UELMO | 12 – Utilities | 1203 – Electric Utilities | 7.60 | 4.70 | 25.40 | 2.39 | 2.78 |
| Surge Components, Inc. | SPRS | 10 – Technology | 1024 – Electronic Instruments & Controls | 7.50 | 10.84 | 4.10 | 0.74 | 0.32 |
| Home Financial Bancorp | HWEN | 07 – Financial | 0730 – S&Ls/Savings Banks | 7.50 | 1.68 | 13.30 | 0.92 | 2.21 |
| Alliance Distributors Holding, | ADTR | 10 – Technology | 1015 – Computer Peripherals | 7.50 | 2.70 | 5.70 | 1.31 | 0.11 |
| Community Investors Bancorp In | CIBN | 07 – Financial | 0730 – S&Ls/Savings Banks | 7.10 | 6.48 | 73.60 | 0.57 | 1.15 |
| M&F Bancorp, Inc. | MFBP | 07 – Financial | 0727 – Regional Banks | 7.10 | 4.38 | 0.30 | 0.65 | |
| China Industrial Steel Inc | CDNN | 01 – Basic Materials | 0121 – Iron & Steel | 6.60 | 1.38 | 4.50 | 0.03 | |
| FPB Financial Corp. | FPBF | 07 – Financial | 0730 – S&Ls/Savings Banks | 5.20 | – | 8.90 | 0.97 | 1.78 |
| NexCore Healthcare Capital Cor | NXCR | 08 – Health Care | 0806 – Healthcare Facilities | 5.10 | 0.02 | 2.00 | 0.45 | 0.37 |
| Precision Auto Care | PACI | 09 – Services | 0909 – Business Services | 5.00 | 0.17 | 7.30 | 0.26 | 0.19 |
| Scientific Industries, Inc. | SCND | 10 – Technology | 1030 – Scientific & Technical Instruments | 4.80 | 2.34 | 12.40 | 0.89 | 0.68 |
| Tidelands Royalty Trust B | TIRTZ | 07 – Financial | 0721 – Misc. Financial Services | 4.70 | 9.01 | 9.20 | 7.91 | 6.73 |
| Foxby Corp | FXBY | 07 – Financial | 0721 – Misc. Financial Services | 4.70 | 1.09 | 6.50 | 0.77 | 23.62 |
| TNR Technical, Inc. | TNRK | 10 – Technology | 1024 – Electronic Instruments & Controls | 3.80 | 4.31 | 12.30 | 0.99 | 0.41 |
| Information Analysis Incorpora | IAIC | 10 – Technology | 1036 – Software & Programming | 2.40 | 1.97 | 1.19 | 0.44 | |
| Microwave Filter Co., Inc | MFCO | 10 – Technology | 1024 – Electronic Instruments & Controls | 1.70 | 1.50 | 1.03 | 0.53 | |
| Bayou City Exploration, Inc. | BYCX | 06 – Energy | 0609 – Oil & Gas Operations | 1.50 | 0.81 | 2.70 | 0.73 | 0.44 |
| Tongli Pharmaceuticals (USA) I | TGLP | 08 – Health Care | 0803 – Biotechnology & Drugs | 0.90 | 0.01 | 0.40 | 0.04 | 0.07 |
Lotsa little banks and tech companies. Hey, I’m going to throw those with over $100 million of market cap into my next portfolio reshaping. I’m still small enough as a manager to deal with small companies if they are well-managed. This can bring me back to my microcap value days, where I invested 1992-1998. Once I made an offer to buy more than 5% of a company, and I asked my bosses if they would have any problems if I had to make a 13F filing. They gave me the go ahead; I made my offer and it was turned down. Pity, because if it had worked, it would have been a great investment.
The table above is a beginning for due diligence. I do not recommend any of the stocks there. I do note that my reader’s stock is high on the list.
Some of these stocks could be good investments, but you would have to do the research to figure out which ones are good. On the bright side, almost no one is analyzing these companies, so your analysis has more punch relative to company outsiders. Insiders will still do better.
All that said, I suspect that these stocks will do well on average.
