Wednesday, November 07, 2007

A Look at PNSN

Another dismal trading session. On a day when most stocks are taking hits, Penson Worldwide, Inc. (PNSN) seems to be holding up well.
Penson Worldwide, Inc., through its subsidiaries, provides a range of securities and futures processing infrastructure products and services to the securities and investment industry.
Although PNSN is thinly traded at around 200,000 shares per day, the chart shows an interesting double bottom at just above 15, trading today at 16.45 (53% below its 52 week high), earnings have increased since '05, P/E is at 14 and the company has a worldwide exposure.
PNSN is now providing access to U.S. markets for costumers of a leading Indian stock brokerage.
All signs indicate that PNSN is worth considering.

Monday, November 05, 2007

A Bit Early on HIMX

Timing is everything; as of late, interesting stocks have lagged and taken some tumbles along with most securities in the U.S. markets. Patience is a virtue that, often gets lost in troubled times.
I'm not giving up on HIMX; picked as a possibility on June 7 of this year at 5.18, retreated since then to the high 3's.
The company is planning to repurchase $40M of its shares, increased earnings estimates for '07 and '08. Trading this morning at 4.39 well above its 50 day moving average which was crossed on Friday with 6 times the average daily volume.
Given the strength and support shown today by Himax Technologies, Inc. on a day of broad weakness in the markets, I would consider increasing my long position.