Category: Long positions

Buying when there’s radiation in the streets

Mentioned this on Short Screen earlier today, but I picked up some calls on Honda and Hitachi this morning, after the crash in Japanese equities overnight. The Honda calls are up 24% so far. And now those HIT calls are up 45%.
More details at the links.

New long position: Wireless Xcessories Group, Inc.

Wireless Xcessories Group, Inc. (Pink Sheets: WIRX.PK) is a Pennsylvania-based nano cap that designs, manufactures, and distributes accessories for cellular phones, including those manufactured by Apple, Nokia, Samsung, Research In Motion, and other companies. One example of the thousands of accessories WIRX sells is this protective iPhone cover:

According to company’s most recent financial summary, its [...]

News from Alloy Steel

2.25.2011 Update:The company issued a press release today announcing the names and bios of its new board members, CEO, and chairman. The company’s new chairman, Michael Minosora, is a former CFO of Fortesque Metals Group.
2.19.2011 Update: Lots of new content on Alloy Steel’s website, including this clip of Arcoplate in action, inexplicably set to [...]

Update on AYSI

Note to regular readers: you won’t find much new info in this post, but it summarizes the AYSI situation for new readers.

Alloy Steel International (AYSI.PK) is a nano cap company headquartered in Australia that uses a high tech, proprietary process to manufacture protective wear plates for mining equipment. Essentially, the company is a picks & [...]

Alloy Steel Finally Reports its 2010 Numbers

And it reports monster numbers: 10.8 cents per share in earnings for Q4 and 28 cents per share in earnings for 2010. From the company’s press release:
During the quarter ended September 30, 2010, total quarterly sales increased to $8.8 million as compared to $4.2 million in the fourth quarter of 2009. These sales [...]

A Due Diligence trip to Perth

Readers may recall this is an idea I blogged about last year. I posted it as a project on RocketHub last night: Due Dilly Down Under.
If the project raises $7k in contributions within 15 days, my plan is to travel to Perth in the second half of February and try to find out what’s [...]

The FT: boom times ahead for picks & shovels plays on the mining industry

From today’s FT: “Boost for suppliers as miners dig deep”. Excerpt:
Samuel Brannan became the richest man in California during the state’s Gold Rush of 1849; although he never found a lump of bullion. He made his fortune selling shovels and picks to the gold-seekers.
Fast forward 150 years and the modern version of Mr Brannan – [...]

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