Monday, November 15, 2010

Small Caps Coming Around

The market has been pretty strong for the past quarter, and as usual, many small cap stocks are a little slow to catch up.  In my opinion this is due to a few factors: 1) News flow out of small cap stocks is usually quite slow, and there are few, if any analysts to supply data to the market; 2) Investors like to wait until earnings to make decisions on these stocks (and at least all of mine report at the late end of the earnings cycle).  So, we're now in catch-up mode.  The news flowing out of the stocks I own has been quite good:

IGO (IGOI): Reported very good earnings, and announced a new partnership with Texas Instruments.  Management has been delivering quite well with both new distribution deals, and partnerships.  Many are finally noticing this stock and it has been moving.

TII Network Technologies (TIII): Reported this morning.  This is a stock where almost no news comes out.  But they did make an all cash acquisition earlier this year.  We were waiting to see how this is turning out, and according to today's report, quite well so far.  I was buying this stock as recently as last week.  Lots of upside here is they continue to deliver.

Fortress International (FIGI): Reported last Friday.  Another thinly traded stock.  I was trying to buy this thing for weeks, and didn't want to compromise on price, and was able to lock in an order last Thursday thanks to Think or Swim's handy iPhone Application.  Another cheap stock that I'll look to add to.

Jamba (JMBA) also reported last week.  This was the only stock I own that kind of "underwhelmed."  They are still on track to roll out some great new products and have a great plan in place.  Its just takings some time.  Still very confident in this company.

As always, be sure to follow me on Twitter, as I always post when I make a buy or sell.


Disclosure: Long IGOI, TIII, FIGI, JMBA