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FINDING LARGE GROWTH IN SMALL COMPANIES
Looking for value in all the wrong places? We started searching for micro cap stocks that were trading under book value with solid management, and a strong asset base for shareholders.
We all know the direction the stock market has gone in the last three years, as it has slowly eaten away at peoples savings. Large cap stocks seem to be stalled out at the moment, and the threat of war does not help their cause in the slightest.
We started searching for micro cap stocks that were trading under book value with solid management, and a strong asset base for shareholders.
Surprisingly only one stock caught our eye after we narrowed dozens of Micro Stocks down under the different criteria that we had imposed. The company we decided to do a write up on was selected and is a publicly trading company on the Pink Sheets - Non OTC BB .
The company is OFEK CAPITAL CORP , trading in the U.S. under the Symbol : OFCC
WHY OFCC ?
Ofek Capital Corp. OFCC" has several key components that made our decision easy as far as picking a micro cap stock for our speculator watch. With OFCC, we are illustrating our theory that as long as an investment meets the criteria that we have set out above, it has as good a chance or better, as most Large Cap stocks at this time to make investors sizable gains.
ASSETS 4 TIMES GREATER THAN MARKET CAPITALIZATION"
Ofek Capital Corp, OFCC" at its current price of .04 a share, presents very little downside risk and significant upside growth potential over the coming months in our opinion. Furthermore, it is a very rare occasion that we can report on a company having assets four times greater than its entire market capitalization. The companys stock is trading significantly under book value, which we have calculated to be roughly .25 per share. The company does over 1.5 million per year in revenue, a number that is expected to triple over the next 18 months, with solid assets of 5 million dollars. Ofek has a public float of roughly 6 million shares with 30 million issued and outstanding. They are in several business sectors including leasing and mortgages, as you will see by clicking on their website link http://www.ofekcapital.com .We were also impressed by their full financial disclosure as seen on the sedar filings, as they get set to move to a more senior exchange.
So there you have it, a company that we think will by far outpace the markets and averages for the remainder of 2003. As always do your own due diligence for all securities. This is not a solicitation to buy or sell this or any security or securities and is expressed as our opinions only. One should only invest what they are prepared to loose in any penny stock and consult a certified financial professional before executing any orders.
~ Post News Reporter, Kevin Chalsey
Speculative Trends News Watch
March 2003
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