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Low Priced Bullish Stocks

|Includes:HRZL, Local Corporation (LOCM), SMTC
Horizon Lines (HRZ) is the largest oceangoing shipping company in the United States with a dominant market position along protected shipping lanes. One look at the steady resurgence in shipping demand, coupled with the company’s improving financials, and it seems the worst is behind them — making now the perfect time to scoop up this stock at a discount. Corp. (NASDAQ:LOCM) operates a local business directory site and search services that are a result of its local syndication network of regional media sites powered by its patented technology. Those sites offer business directories and associated services, and fuel their growth by sales and advertising. LOCM is among the top three fastest-growing companies in local online advertising, and it has joined with several of its partners to offer daily online deals, coupons and retail offers.

They are growing sales 48%, to $22.5 million, and its adjusted net income increased a whopping 249%, to $4.6 million or 27 cents per diluted share.  That translated into some very nice margins, with adjusted net income margin coming in at 20%.

Tii Network (TII)

PMI Group
(PMI) offers mortgage insurance products to meet the capital and credit risk mitigation needs of its customers, who are primarily mortgage lenders, depository institutions, commercial banks and investors.

SMTC Corp. (NASDAQ:SMTX) is a Canadian company that provides contract electronics manufacturing services, such as surface-mount and through-hole circuit board assembly, product design, testing, packaging and supply chain management. Manufacturers use products built or assembled by SMTC in their computer servers, networking devices or communications products.

In its most recent earnings report, the company said Q3 sales rose 48% in the quarter to $65.4 million, and earnings per share were 16 cents, up from 3 cents in the same quarter of 2009.