Issue: 4/27/2008

IPO's and New Issues

HCCI @ $18.45 (Heritage-crystal Clean) provides parts cleaning and containerized waste services via 54 branches in 38 states to small and mid-sized customers. Revenues have increased between 20% and 24% during the last four quarters. HCCI came public in March at $12 and recently emerged above its trading pattern at $16. We will establish half a position here and add the second half on a pull back to the $16 level. We will set our stop loss at $15.

 

Stocks Under $10

ARTG @ $3.92 (Art Technology) develops web-based commerce, customer service and marketing software applications and related services. Revenues have increased between 22% and 64% during the last four quarters. Earnings are expected to grow 50% this year and another 89% in 2009. We originally recommended this stock in December at $4.60, but were stopped out for a small loss and are re-establishing a position here with a stop loss at $3.60.




 

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Posted 04-27-2008 11:47 PM by Dave Dispennette