Dec
22
Nasdaq OMX Group Inc. (NDAQ) has asked the Securities and Exchange Commission to extend its suspension of rules requiring a minimum $1 closing bid price and a minimum market value for shares listed on its exchange.
The SEC approved the suspension of Nasdaq’s “penny stock” requirement, which requires shares of listed companies to stay above $1, in October, saying companies were in temporary need of relief.
Typically, companies listed on Nasdaq are required to maintain a minimum closing bid price of $1 a share. If a company trades below the $1 closing price for 30 consecutive business days, Nasdaq will then allow the company 180 calendar days to regain compliance and can permit an additional 180 days depending on the company’s exact listing standards. If the company isn’t able to boost its share price in that period, it faces delisting from the exchange.
Click here to read more.
Quote of the Day:
Money is like love; it kills slowly and painfully the one who withholds it, and enlivens the other who turns it on his fellow man. – Kahlil Gibran
Dec
12
I found this on The Motley Fool Website which I thought it was pretty interesting. I decided to share it with you all readers. The title of the article is The Next Million-Dollar Penny Stock.
Need proof? Every one of these multibaggers was, at one time, a penny stock:
|
Company |
Recent Price |
CAPS Stars (5 Max) |
Five-Year Return |
|---|---|---|---|
| GMX Resources (Nasdaq: GMXR) | $23.84 | *** | 1,590.8% |
| Questcor Pharmaceuticals (Nasdaq: QCOR) | $9.30 | *** | 1,424.6% |
| Covanta Holding (NYSE: CVA) | $21.58 | **** | 598.4% |
| AK Steel (NYSE: AKS) | $9.76 | *** | 152.2% |
| Vimpel-Communications (NYSE: VIP) | $9.50 | **** | 114.9% |
Sources: Motley Fool CAPS, Yahoo! Finance.
The promise of outrageous returns is why some of the world’s best stock pickers are, at times, penny-stock investors. Peter Lynch has and still does enjoy the stock market’s supercheap seats. The Royce Low-Priced Stock fund has beaten the market for a decade by betting on stocks trading near or below $10 a share, such as Silver Standard Resources (Nasdaq: SSRI).
Even the All-Stars in our 120,000-plus Motley Fool CAPS community take to penny stocks. More than a few have been richly rewarded. So why don’t you invest in penny stocks? I suppose because the SEC has warned us about them. But what if we take the agency’s definition literally and limit our choices to stocks trading between $1.50 and $5 a share, and limit our choices to four- and five-star stocks whose market cap doesn’t exceed $2 billion but is at least $250 million? Surely our new CAPS screener would return some winners, right?
Click here to read more.
Quote of the Day:
Happiness equals consumption divided by desire. – Paul Samuelson, in his famous economics textbook
-
Search
-
Categories
- Apparel/Accessories
- Biotechnology & Drugs
- Business Services
- Chemical Manufacturing
- Communication Services
- Communications Equipment
- Computer Hardware
- Computer Services
- Electronic Instr. & Controls
- Energy
- Medical Equipment & Supplies
- Nanotechnology
- Oil & Gas Operations
- Other
- Recreational Products
- Retail
- Security Systems & Services
- Software & Programming
-
Archives
- June 2009
- December 2008
- November 2008
- December 2007
- October 2007
- August 2007
- July 2007
- May 2007
- April 2007
- March 2007
- February 2007
- December 2006
- November 2006
- October 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- December 2005
- November 2005
- May 2005
- April 2005
- March 2005
- February 2005
- January 2005
- December 2004
- November 2004
- October 2004
- September 2004
