These five stocks have been on amazing runs in 2011, each up more than 200% since January 1.
Majesco Entertainment (COOL) is a provider of video games for the mass market, focused on developing and publishing a wide range of casual and family oriented titles on leading console and portable systems. Its diverse product portfolio provides us with multiple opportunities to capitalize on the large and growing installed base of digital entertainment platforms and an increasing number of digital entertainment enthusiasts. Over its 22 year history it has developed strong retail and distribution network relationships that enable us to sell its products to major U.S. retail chains.
The stock is up over 300% this year, boosted by the company’s financial results as its games, especially Zumba Fitness, have been popular. For Q2, the company’s revenues nearly tripled to $32.1 million and the company was able to earn an income of $0.05 a share vs. a loss of ($0.04) a share the previous year. The company said its results were driven by the success of Zumba Fitness. The game continues to sell well, nearly seven months after its launch, and is also off to a great start in Europe. At the end of Q2, the franchise sold over 2 million units worldwide. For FY11, Majesco expects revenue in a range of $110 to $120 million and non-GAAP EPS of $0.30 to $0.35.
Evergreen Energy (EEE) was founded in 1984 as a cleaner coal technology, energy production and environmental solutions company primarily focused on developing and marketing K-Fuel. Today, Evergreen Energy is comprised of two discrete clean energy business units that own two proprietary and potentially transformative technologies: K-Fuel and the GreenCert suite of software and services. K-Fuel, its patented clean coal technology, significantly improves the performance of low-rank sub-bituminous and brown coals and lignite yielding higher efficiency by
