Dan Weiss

Allied Defense Group: Turnaround Progress

This stock has been holding up exceptionally well over the past few weeks (actually up for this month so far) as positive news and an improving balance sheet help the company.

Allied Defense Group: Turnaround Progress

Pirate distributed the shares to its hedge fund holders earlier this year which is one of the primary reasons for the decline a couple of months ago.

5 Stocks I Am Watching

Im not sure what you are referring to (lets take a look at each company):
1) ADG- $5.62 (was $5.01) -- this is a very high confidence name that I would point out is the only 1 of the 5 which was brought into the portfolio. The company has record backlog, strong orders and has undergone a restructuring plan which should allow some of that backlog to hit both the top and bottom line of the company.
2) L.S. Starrett- $22.62 (was $16.29) -- obviously, this stock has been a winner.
3) First Marblehead- $2.51 (was $12.66)- this stock has obviously been under distress. I never took a position in the company as I was waiting for improvements in the asset backed market and I wanted to see evidence of just 1 securitization which did not occur.
4) AEHR- $4.79 but reached $11.20 (was $5.75)-- This stock was a near double for those who would have bought the stock as clearly the same attractive valuation characteristics which were present at $5.75 were not as attractive at the high levels which it reached. I also pointed out in the article the risk of potential macro headwinds if economic activity were to deteriorate.
5) NINE- $2.10 (was 3.42)- This one has been disappointing as the company has an enterprise value of -$40 million. That being said I have no confidence in the management team of this company as the actions they have recently made (minimizing reporting) are not shareholder friendly.

3 Long Ideas: Mitcham Industries, Key Technology and New Frontier Media

Looks like KTEC is up about $4 today on strong results.

3 Long Ideas: Mitcham Industries, Key Technology and New Frontier Media

Kiisu

I agree about the dividend yield although the company does have about 80 cents per share in cash along with the regular quarterly cash flows so if they want to they could continue it for several more quarters. That being said, I think they would be wise to lower the dividend and explore some growth opportunities with some of the cash left over. At $5 per share with 80 cents of cash and no LTD you have a stock selling at roughly $4.20 backing out cash giving the stock a p/e likely in the high single digits on next years results.

3 Long Ideas: Mitcham Industries, Key Technology and New Frontier Media

Barry

I will take a look at those stocks over the next couple days and give you my opinion- I only have a small knowledge on the names and like to have a more complete knowledge before giving my opinion.

5 Stocks I Am Watching

Anything is possible Twinnkie but they will have to deliver nearly perfect to get the stock to that price (that is more than a triple from current prices).

Five Stocks to Watch in 2008

Thanks for all of the comments. In terms of the ticker symbols, I would note these are automatically created by Seeking Alpha when you make posts. You can note from my original post on Vestopia that tickers were not included. In terms of stocks under $5, my opinion is that it does not matter what the stock price is as it is simply a number but what does matter is the value of the underlying business and that the stock trades at an appropriate discount to this intrinsic value figure.