Good Over-the-Counter “Pink” Stocks

I really appreciate my readers.? Here’s an e-mail from one:

David,

Just read your recent blog post ?E-mails on Insurance.?

You made the comment that ?aside from non-sponsored ADRs no good companies trade on the pink sheets.?

Of course that is true in a general sense. I also am sure you have been inundated with lots of email taking exception to that comment.

One company I have loosely followed over time (that I came across just by chance many years ago) is Computer Services (CSVI) [www.csiweb.com]. There is no volume in the stock so institutional managers have no ability to take a position, but the firm has done a great job of growing the business while maintaining profitability (been an opportunistic acquirer of small bank processor companies) and is probably a candidate for consolidation by a Fiserv or someone like that. Anyhow, I think if you take a look at the firm, you will see that there is at least one solid company traded on the pinks (and I am sure there are others, I just don?t go fishing there).

My comment ?aside from non-sponsored ADRs no good companies trade on the pink sheets.? is an overstatement.? To prove that, I give you a list of 148 companies that:

  • Have been profitable for the last four fiscal years.
  • Are US companies
  • Are not ADRs

2370 companies that trade over-the-counter reduce to 148 companies — 6.24% of the whole, explaining why my overstatement is largely, but not totally correct.? I would not tell someone to look amid these companies to find good ones, but there are some good ones there.? I have listed them in declining order of market capitalization.

Company Ticker Sector Industry Mkt Cap Dollar Volume P/E P/B P/S
Belk Inc BLKIA 09 – Services 0951 – Retail (Department & Discount) ?? 2,057.80 ??????????? – ?? 12.40 ???? 1.66 ???? 0.51
First National Bank Alaska FBAK 07 – Financial 0727 – Regional Banks ????? 604.00 ??????????? – ?? 14.90 ???? 1.23 ???? 5.45
First Citizens Bancorporation, FCBN 07 – Financial 0727 – Regional Banks ????? 572.70 ???? 33.20 ???? 9.60 ???? 0.64 ???? 1.87
Computer Services, Inc. CSVI 10 – Technology 1036 – Software & Programming ????? 476.10 ?? 146.81 ?? 18.20 ???? 3.80 ???? 2.31
Hills Bancorporation HBIA 07 – Financial 0727 – Regional Banks ????? 345.00 ?????? 3.65 ?? 13.30 ???? 1.29 ???? 4.03
Farmers & Merchants Bancorp FMCB 07 – Financial 0727 – Regional Banks ????? 324.40 ???? 20.85 ?? 13.60 ???? 1.54 ???? 4.27
FRMO Corp. FRMO 07 – Financial 0721 – Misc. Financial Services ????? 302.80 ???? 23.45 ?? 26.90 ???? 3.66 ?? 16.64
HomeFed Corporation HOFD 02 – Capital Goods 0215 – Construction Services ????? 299.80 ???? 22.83 ?? 62.40 ???? 1.79 ???? 7.93
First Opportunity Fund, Inc. FOFI 07 – Financial 0721 – Misc. Financial Services ????? 262.10 ?? 269.95 ???? 7.20 ???? 0.86 ?? 58.25
International Wire Group Holdi ITWG 01 – Basic Materials 0127 – Misc. Fabricated Products ????? 255.40 ?????? 2.61 ?? 19.60 ???? 6.69 ???? 0.21
Canandaigua National Corporati CNND 07 – Financial 0724 – Money Center Banks ????? 249.90 ?????? 6.65 ?? 12.20 ???? 1.66 ???? 3.41
Viskase Companies, Inc. VKSC 01 – Basic Materials 0109 – Containters & Packaging ????? 237.90 ?? 214.50 ?? 24.10 ???? 0.67
Conrad Industries, Inc. CNRD 11 – Transportation 1118 – Water Transportation ????? 226.80 ?? 249.58 ???? 9.10 ???? 1.95 ???? 0.86
United Capital Corp. UCAP 10 – Technology 1024 – Electronic Instruments & Controls ????? 187.40 ?????? 4.80 ?? 13.40 ???? 1.34 ???? 1.58
Isabella Bank Corp ISBA 07 – Financial 0727 – Regional Banks ????? 184.70 ???? 52.67 ?? 15.50 ???? 1.14 ???? 3.39
Profire Energy, Inc. PFIE 02 – Capital Goods 0209 – Construction – Supplies and Fixtures ????? 160.20 ???? 98.83 ?? 41.90 ?? 10.81 ???? 5.97
Cambridge Bancorp CATC 07 – Financial 0727 – Regional Banks ????? 150.50 ???? 59.33 ?? 11.50 ???? 1.47 ???? 3.20
Citizens Financial Services In CZFS 07 – Financial 0718 – Investment Services ????? 148.30 ???? 24.55 ?? 10.90 ???? 1.64 ???? 4.06
Mestek, Inc. MCCK 02 – Capital Goods 0218 – Misc. Capital Goods ????? 144.40 ?????? 0.86 ???? 8.80 ???? 1.03 ???? 0.41
Webco Industries, Inc. WEBC 01 – Basic Materials 0127 – Misc. Fabricated Products ????? 143.50 ???? 16.95 ?? 15.50 ???? 0.57 ???? 0.22
First Keystone Corp. FKYS 07 – Financial 0727 – Regional Banks ????? 137.80 ???? 18.75 ?? 12.80 ???? 1.42 ???? 4.32
MVB Financial Corp MVBF 07 – Financial 0724 – Money Center Banks ????? 135.30 ???? 14.40 ?? 22.10 ???? 1.67 ???? 5.34
First Mid-Illinois Bancshares, FMBH 07 – Financial 0727 – Regional Banks ????? 130.30 ?????? 4.40 ?? 12.90 ???? 1.32 ???? 2.43
First Real Estate Investment T FREVS 09 – Services 0933 – Real Estate Operations ????? 126.70 ???? 13.69 ?? 42.40 ???? 7.73 ???? 3.08
First Manitowoc Bancorp, Inc. BFNC 07 – Financial 0730 – S&Ls/Savings Banks ????? 120.80 ???? 33.30 ?? 11.30 ???? 1.19 ???? 3.07
Peoples Financial Services Cor PFIS 07 – Financial 0727 – Regional Banks ????? 120.40 ???? 62.40 ?? 14.60 ???? 1.90 ???? 4.37
First Farmers & Merchants Corp FFMH 07 – Financial 0727 – Regional Banks ? ????111.20 ?????? 3.30 ?? 13.30 ???? 1.05 ???? 3.05
Yasheng Group HERB 05 – Consumer Non-Cyclical 0509 – Crops ????? 105.50 ?????? 3.88 ???? 0.80 ???? 0.05 ???? 0.11
Farmers & Merchants Bancorp In FMAO 07 – Financial 0727 – Regional Banks ???? ?105.10 ???? 62.01 ?? 11.40 ???? 0.98 ???? 3.37
Nova Lifestyle Inc STVS 04 – Consumer Cyclical 0421 – Furniture & Fixtures ???????? 89.20 ???? 93.77 ?? 16.80 ???? 2.50 ???? 1.17
Golden Growers Coop GGROU 05 – Consumer Non-Cyclical 0509 – Crops ???????? 89.10 ?????? 1.44 ?? 18.50 ???? 2.30 ???? 0.93
First Guaranty Bancshares, Inc FGBI 07 – Financial 0727 – Regional Banks ???????? 88.20 ?????? 7.01 ?? 10.50 ???? 1.03 ???? 1.72
QNB Corp QNBC 07 – Financial 0730 – S&Ls/Savings Banks ??? ?????83.40 ???? 49.82 ???? 9.70 ???? 1.12 ???? 2.62
CCFNB Bancorp Inc CCFN 07 – Financial 0727 – Regional Banks ???????? 78.40 ???? 26.99 ?? 12.00 ???? 1.05 ???? 3.75
Calvin B. Taylor Bankshares, I TYCB 07 – Financial 0727 – Regional Banks ??? ?????75.70 ?????? 3.84 ?? 17.80 ???? 0.95 ???? 5.11
Juniata Valley Financial Corp JUVF 07 – Financial 0730 – S&Ls/Savings Banks ???????? 73.20 ?????? 7.85 ?? 18.80 ???? 1.50 ???? 4.35
Northwest Indiana Bancorp NWIN 07 – Financial 0730 – S&Ls/Savings Banks ???????? 72.70 ?????? 7.68 ???? 9.80 ???? 1.08 ???? 2.76
Franklin Financial Services Co FRAF 07 – Financial 0727 – Regional Banks ???????? 71.80 ???? 36.33 ?? 13.10 ???? 0.77 ???? 1.97
Rand Worldwide Inc RWWI 10 – Technology 1036 – Software & Programming ???????? 67.60 ???? 24.38 ?? 41.70 ???? 2.05 ???? 0.85
Centrix Bank & Trust CXBT 07 – Financial 0727 – Regional Banks ???????? 67.40 ?????? 7.17 ?? 12.00 ???? 1.29 ???? 2.26
Peoples Bancorp PBNI 07 – Financial 0730 – S&Ls/Savings Banks ???????? 66.80 ?????? 7.20 ?? 21.60 ???? 0.88 ???? 3.59
Reserve Petroleum Co RSRV 06 – Energy 0609 – Oil & Gas Operations ???????? 66.20 ???? 20.75 ?? 10.90 ???? 2.05 ???? 3.49
Harleysville Savings Financial HARL 07 – Financial 0730 – S&Ls/Savings Banks ???????? 65.60 ???? 19.95 ?? 13.90 ???? 1.10 ???? 2.09
William Penn Bancorp Inc WMPN 07 – Financial 0730 – S&Ls/Savings Banks ???????? 65.50 ???? 28.80 ?? 23.40 ???? 1.15 ???? 4.86
Kentucky Bancshares, Inc. KTYB 07 – Financial 0727 – Regional Banks ???????? 65.30 ?????? 6.00 ???? 9.10 ???? 0.92 ???? 2.36
Community Bancorp Vermont CMTV 07 – Financial 0727 – Regional Banks ???????? 64.50 ?????? 5.31 ?? 13.70 ???? 1.50 ???? 2.82
Hennessy Advisors Inc HNNA 07 – Financial 0718 – Investment Services ???????? 64.30 ?????? 9.81 ?? 13.10 ???? 2.23 ???? 2.74
Monarch Cement Co MCEM 02 – Capital Goods 0212 – Construction – Raw Materials ???????? 63.40 ???? 13.42 ?? 21.00 ???? 0.96 ???? 0.69
Armanino Foods Of Distinction AMNF 05 – Consumer Non-Cyclical 0515 – Food Processing ???????? 63.10 ???? 47.48 ?? 21.90 ???? 9.85 ???? 2.25
Q.E.P. Co., Inc. QEPC 02 – Capital Goods 0209 – Construction – Supplies and Fixtures ???????? 62.10 ???? 17.14 ???? 5.80 ???? 1.08 ???? 0.21
Commercial National Financial CNAF 07 – Financial 0727 – Regional Banks ???????? 60.10 ???? 17.85 ?? 12.10 ???? 1.33 ???? 4.17
Croghan Bancshares, Inc. CHBH 07 – Financial 0727 – Regional Banks ???????? 57.90 ?????? 8.63 ?? 12.80 ???? 0.86 ???? 2.72
Burnham Holdings Inc BURCA 02 – Capital Goods 0209 – Construction – Supplies and Fixtures ???????? 57.20 ?????? 6.66 ?? 12.80 ???? 1.29 ???? 0.42
Standard Financial Corp. STND 07 – Financial 0727 – Regional Banks ???????? 56.10 ???? 51.56 ?? 19.30 ???? 0.71 ???? 3.39
Choiceone Financial Services I COFS 07 – Financial 0727 – Regional Banks ???????? 54.90 ???? 13.34 ?? 11.30 ???? 0.90 ???? 2.85
LICT Corporation LICT 09 – Services 0915 – Communications Services ?????? ??54.00 ??????????? – ???? 6.70
Capital Properties Inc CPTP 09 – Services 0939 – Rental & Leasing ???????? 52.80 ?????? 4.80 ?? 34.80 ?? 34.78 ???? 6.86
Middlefield Banc Corp MBCN 07 – Financial 0727 – Regional Banks ???????? 52.70 ?? 101.40 ???? 8.10 ???? 1.00 ???? 1.87
CSB Bancorp Inc (Ohio) CSBB 07 – Financial 0730 – S&Ls/Savings Banks ???????? 52.00 ???? 20.90 ?? 10.10 ???? 1.00 ???? 2.49
Jeffersonville Bancorp JFBC 07 – Financial 0727 – Regional Banks ???????? 51.70 ???? 17.69 ?? 11.80 ???? 1.03 ???? 2.71
Georgia-Carolina Bancshares In GECR 07 – Financial 0727 – Regional Banks ???????? 51.70 ???? 59.45 ???? 7.80 ???? 0.90 ???? 2.78
PSB Holdings Inc (Wisconsin) PSBQ 07 – Financial 0727 – Regional Banks ???????? 50.60 ???? 10.72 ???? 8.30 ???? 0.90 ???? 1.86
Consumers Bancorp, Inc. CBKM 07 – Financial 0730 – S&Ls/Savings Banks ???????? 49.30 ?????? 2.72 ?? 14.00 ???? 1.33 ???? 2.86
Quality Products, Inc. QPDC 02 – Capital Goods 0218 – Misc. Capital Goods ? ???????47.70 ?????? 3.78 ???? 8.30 ???? 4.84 ???? 1.63
Northway Financial, Inc. NWYF 07 – Financial 0727 – Regional Banks ???????? 47.10 ???? 10.26 ???? 6.70 ???? 1.03 ???? 1.41
Granite Falls Energy LLC GFGY 01 – Basic Materials 0103 – Chemical Manufacturing ???????? 45.90 ??????????? – ?? 15.30
George Risk Industries Inc RSKIA 09 – Services 0972 – Security Systems & Services ???????? 45.20 ?????? 9.89 ?? 11.40 ???? 1.40 ???? 4.27
F&M Bank Corp FMBM 07 – Financial 0727 – Regional Banks ???????? 43.30 ???? 11.21 ???? 9.00 ???? 0.84 ???? 1.63
Southern Michigan Bancorp SOMC 07 – Financial 0727 – Regional Banks ???????? 42.50 ?????? 5.33 ???? 9.40 ???? 0.77 ???? 2.15
Noble Roman’s, Inc. NROM 09 – Services 0942 – Restaurants ???????? 42.30 ???? 69.62 ?? 30.90 ???? 3.28 ???? 5.63
Minden Bancorp Inc MDNB 07 – Financial 0730 – S&Ls/Savings Banks ???????? 41.60 ?????? 3.50 ?? 12.80 ???? 0.98 ???? 4.07
Surrey Bancorp SRYB 07 – Financial 0727 – Regional Banks ???????? 41.50 ?????? 4.68 ?? 16.50 ???? 1.36 ???? 3.91
Corning Natural Gas Holding Co CNIG 12 – Utilities 1206 – Natural Gas Utilities ???????? 40.20 ?????? 7.99 ?? 20.40 ???? 1.78 ???? 1.74
Pioneer Railcorp PRRR 11 – Transportation 1112 – Railroads ??? ?????37.00 ?????? 6.72 ?? 21.30 ???? 2.80 ???? 1.77
Ziegler Companies, Inc., The ZGCO 07 – Financial 0718 – Investment Services ???????? 35.70 ???? 27.00 ?? 17.60 ???? 1.10 ???? 0.45
XCel Brands Inc XELB 07 – Financial 0721 – Misc. Financial Services ???????? 35.60 ?????? 0.35 ???? 5.70 ???? 1.04 ???? 2.33
Security Federal Corporation ( SFDL 07 – Financial 0730 – S&Ls/Savings Banks ???????? 35.40 ?????? 8.42 ?? 13.20 ???? 0.63 ???? 1.14
Regency Affiliates Inc RAFI 12 – Utilities 1203 – Electric Utilities ???????? 33.90 ?????? 1.44 ???? 9.00 ???? 1.05
New Ulm Telecom Inc NULM 09 – Services 0915 – Communications Services ???????? 33.50 ?????? 5.90 ???? 8.90 ???? 0.59 ???? 0.90
Heritage Bankshares, Inc. HBKS 07 – Financial 0727 – Regional Banks ???????? 29.60 ?????? 8.45 ?? 14.10 ???? 1.00 ???? 2.79
Home Loan Financial Corporatio HLFN 07 – Financial 0730 – S&Ls/Savings Banks ???????? 29.50 ?????? 2.60 ???? 8.60 ???? 1.17 ???? 2.82
High Country Bancorp, Inc. HCBC 07 – Financial 0730 – S&Ls/Savings Banks ???????? 29.50 ?????? 9.90 ?? 15.20 ???? 1.24 ???? 3.15
Commercial Bancshares, Inc. \O CMOH 07 – Financial 0727 – Regional Banks ???????? 29.10 ???? 14.76 ?? 10.30 ???? 0.95 ???? 2.06
South Street Financial Corp. SSFC 07 – Financial 0730 – S&Ls/Savings Banks ???????? 28.70 ?? 121.25 ?? 28.50 ???? 1.05 ???? 2.29
CreditRiskMonitor.Com Inc CRMZ 10 – Technology 1018 – Computer Services ???????? 27.90 ?????? 1.75 ?? 87.50 ???? 6.48 ???? 2.38
Smtp Inc SMTPD 10 – Technology 1018 – Computer Services ???????? 25.80 ???? 27.23 ?? 20.60 ?? 15.57 ???? 4.46
West End Indiana Bancshares In WEIN 07 – Financial 0730 – S&Ls/Savings Banks ???????? 25.70 ?????? 7.40 ?? 18.30 ???? 0.80 ???? 2.10
Northeast Indiana Bancorp NIDB 07 – Financial 0730 – S&Ls/Savings Banks ???????? 25.50 ?????? 6.21 ???? 9.30 ???? 0.92 ???? 2.55
Summit Financial Services Grou SFNS 07 – Financial 0718 – Investment Services ???????? 25.20 ???? 23.80 ?? 15.40 ???? 2.51 ?? ??0.31
First Bancorp of Indiana, Inc. FBPI 07 – Financial 0730 – S&Ls/Savings Banks ???????? 24.90 ?????? 2.85 ?? 16.00 ???? 0.86 ???? 1.88
Spindletop Oil & Gas Co SPND 06 – Energy 0609 – Oil & Gas Operations ???????? 24.40 ?????? 3.17 ???? 7.30 ???? 1.28 ???? 1.89
Frederick County Bancorp (MD) FCBI 07 – Financial 0727 – Regional Banks ???????? 24.10 ?????? 7.20 ?? 15.80 ???? 0.91 ???? 1.90
Meritage Hospitality Group Inc MHGU 09 – Services 0942 – Restaurants ???????? 24.00 ?????? 3.26 ???? 6.60 ???? 2.35 ???? 0.21
Pinnacle Bankshares Corp PPBN 07 – Financial 0727 – Regional Banks ???????? 24.00 ?????? 7.95 ?? 17.90 ???? 0.85 ???? 1.54
CNB Financial Services Inc CBFC 07 – Financial 0727 – Regional Banks ???????? 23.60 ??????? ????- ?? 15.10 ???? 0.83 ???? 1.97
Investors Heritage Capital Cor IHRC 07 – Financial 0709 – Insurance (Life) ???????? 23.50 ?????? 8.28 ?? 11.70 ???? 0.44 ???? 0.29
Trans World Corporation TWOC 09 – Services 0912 – Casinos & Gaming ???????? 22.50 ?????? 3.32 ?? 12.80 ???? 0.53 ???? 0.63
Pinnacle Bancshares, Inc. PCLB 07 – Financial 0727 – Regional Banks ???????? 21.70 ?????? 4.46 ???? 9.10 ???? 0.82 ???? 2.33
FFW Corporation FFWC 07 – Financial 0730 – S&Ls/Savings Banks ???????? 21.40 ?????? 6.74 ???? 9.10 ???? 0.93 ???? 1.66
ASB Financial Corp. (OH) ASBN 07 – Financial 0730 – S&Ls/Savings Banks ???????? 20.70 ?????? 5.85 ?? 13.40 ???? 0.98 ???? 1.96
SBT Bancorp Inc SBTB 07 – Financial 0727 – Regional Banks ???????? 20.50 ???? 21.95 ?? 13.50 ???? 1.06 ???? 1.72
Seychelle Environmental Techno SYEV 02 – Capital Goods 0218 – Misc. Capital Goods ???????? 20.40 ???? 20.22 ?? 19.80 ???? 4.65 ???? 3.46
Great American Bancorp GTPS 07 – Financial 0727 – Regional Banks ???????? 19.80 ?????? 2.70 ?? 13.40 ???? 0.80 ???? 2.26
Sierra Monitor Corporation SRMC 10 – Technology 1030 – Scientific & Technical Instruments ???????? 19.70 ???? 12.68 ?? 15.00 ???? 2.41 ???? 1.10
Logansport Financial Corp. LOGN 07 – Financial 0724 – Money Center Banks ???????? 19.60 ?????? 2.50 ???? 9.00 ???? 0.86 ???? 2.30
Seneca-Cayuga Bancorp Inc SCAY 07 – Financial 0724 – Money Center Banks ???????? 19.60 ?????? 1.24 ???? 9.50 ???? 1.00 ???? 1.64
Micropac Industries, Inc. MPAD 10 – Technology 1033 – Semiconductors ???????? 18.90 ?????? 3.67 ?? 20.90 ???? 0.96 ???? 0.97
Texas Vanguard Oil Co TVOC 06 – Energy 0609 – Oil & Gas Operations ???????? 18.60 ?????? 1.31 ?? 22.60 ???? 1.40 ???? 3.04
Issuer Direct Corp ISDR 09 – Services 0909 – Business Services ???????? 18.30 ???? 46.92 ?? 20.90 ???? 7.19 ???? 3.26
Environmental Tectonics Corpor ETCC 02 – Capital Goods 0203 – Aerospace and Defense ???????? 17.90 ?????? 3.22 ?? 21.70 ???? 2.47 ???? 0.55
Wells Financial Corp. WEFP 07 – Financial 0730 – S&Ls/Savings Banks ???????? 17.80 ???? 13.50 ?? 13.60 ???? 0.67 ???? 1.99
Sono-Tek Corporation SOTK 02 – Capital Goods 0218 – Misc. Capital Goods ???????? 17.40 ???? 37.68 ?? 60.00 ???? 2.79 ???? 1.89
DynTek, Inc DYNE 10 – Technology 1036 – Software & Programming ???????? 17.00 ?????? 0.80 ???? 5.00 ???? 2.23 ???? 0.13
Riverview Financial Corporatio RIVE 07 – Financial 0727 – Regional Banks ???????? 16.90 ???? 12.81 ?? 12.00 ???? 0.63 ???? 1.30
Paradise, Inc. PARF 05 – Consumer Non-Cyclical 0515 – Food Processing ???????? 16.60 ?????? 3.20 ?? 18.80 ???? 0.78 ???? 0.66
Bank McKenney (VA) BOMK 07 – Financial 0727 – Regional Banks ???????? 16.60 ?????? 4.30 ???? 9.10 ???? 0.73 ???? 1.55
Quaint Oak Bancorp Inc QNTO 07 – Financial 0730 – S&Ls/Savings Banks ???????? 15.60 ???? 30.88 ?? 23.60 ???? 0.85 ???? 2.38
Greenville Federal Financial C GVFF 07 – Financial 0730 – S&Ls/Savings Banks ???????? 15.40 ?????? 2.20 ?? 17.50 ???? 0.82 ???? 2.55
BV Financial Inc BVFL 07 – Financial 0730 – S&Ls/Savings Banks ???????? 14.40 ?????? 1.20 ?? 30.00 ???? 1.15 ???? 2.49
Jaclyn, Inc. JCLY 04 – Consumer Cyclical 0403 – Apparel/Accessories ???????? 13.70 ?????? 2.70 ?? 15.40 ???? 0.62 ???? 0.08
OPT-Sciences Corp OPST 10 – Technology 1030 – Scientific & Technical Instruments ???????? 13.50 ?????? 1.74 ?? 12.90 ???? 1.05 ???? 2.04
Citizens Bancshares Corporatio CZBS 07 – Financial 0727 – Regional Banks ???????? 13.30 ?????? 1.94 ?? 11.40 ???? 0.40 ???? 1.02
Chino Commercial Bancorp (CA) CCBC 07 – Financial 0727 – Regional Banks ???????? 13.20 ?????? 2.39 ?? 19.20 ???? 1.45 ???? 3.09
IEH Corporation IEHC 10 – Technology 1024 – Electronic Instruments & Controls ???????? 12.10 ???? 20.74 ???? 8.50 ???? 1.26 ???? 0.82
ITEX Corporation ITEX 07 – Financial 0718 – Investment Services ???????? 11.60 ???? 15.20 ?? 10.50 ???? 0.88 ???? 0.72
Zynex Inc. ZYXI 08 – Health Care 0812 – Medical Equipment & Supplies ???????? 11.20 ?????? 9.67 ???? 1.20 ???? 0.39
Great Lakes Aviation, Ltd. GLUX 11 – Transportation 1106 – Airline ???????? 10.50 ?????? 8.07 ???? 0.27 ???? 0.08
Fairmount Bancorp Inc FMTB 07 – Financial 0727 – Regional Banks ?????????? 9.80 ?????? 1.01 ?? 49.40 ???? 0.70 ???? 2.58
Solitron Devices, Inc. SODI 10 – Technology 1033 – Semiconductors ?????????? 9.50 ???? 32.63 ?? 11.20 ???? 0.85 ???? 1.10
Repro-Med Systems, Inc. REPR 08 – Health Care 0812 – Medical Equipment & Supplies ?????????? 7.70 ?????? 3.80 ?? 21.00 ???? 1.62 ???? 0.96
Union Electric Company UELMO 12 – Utilities 1203 – Electric Utilities ?????????? 7.60 ?????? 4.70 ?? 25.40 ???? 2.39 ???? 2.78
Surge Components, Inc. SPRS 10 – Technology 1024 – Electronic Instruments & Controls ?????????? 7.50 ???? 10.84 ???? 4.10 ???? 0.74 ???? 0.32
Home Financial Bancorp HWEN 07 – Financial 0730 – S&Ls/Savings Banks ?????????? 7.50 ?????? 1.68 ?? 13.30 ???? 0.92 ???? 2.21
Alliance Distributors Holding, ADTR 10 – Technology 1015 – Computer Peripherals ?????????? 7.50 ?????? 2.70 ???? 5.70 ???? 1.31 ???? 0.11
Community Investors Bancorp In CIBN 07 – Financial 0730 – S&Ls/Savings Banks ?????????? 7.10 ?????? 6.48 ?? 73.60 ???? 0.57 ???? 1.15
M&F Bancorp, Inc. MFBP 07 – Financial 0727 – Regional Banks ?????????? 7.10 ?????? 4.38 ???? 0.30 ???? 0.65
China Industrial Steel Inc CDNN 01 – Basic Materials 0121 – Iron & Steel ?????????? 6.60 ?????? 1.38 ???? 4.50 ???? 0.03
FPB Financial Corp. FPBF 07 – Financial 0730 – S&Ls/Savings Banks ?????????? 5.20 ??????????? – ???? 8.90 ???? 0.97 ???? 1.78
NexCore Healthcare Capital Cor NXCR 08 – Health Care 0806 – Healthcare Facilities ?????????? 5.10 ?????? 0.02 ???? 2.00 ???? 0.45 ???? 0.37
Precision Auto Care PACI 09 – Services 0909 – Business Services ?????????? 5.00 ?????? 0.17 ???? 7.30 ???? 0.26 ???? 0.19
Scientific Industries, Inc. SCND 10 – Technology 1030 – Scientific & Technical Instruments ?????????? 4.80 ?????? 2.34 ?? 12.40 ???? 0.89 ???? 0.68
Tidelands Royalty Trust B TIRTZ 07 – Financial 0721 – Misc. Financial Services ?????????? 4.70 ?????? 9.01 ???? 9.20 ???? 7.91 ???? 6.73
Foxby Corp FXBY 07 – Financial 0721 – Misc. Financial Services ?????????? 4.70 ?????? 1.09 ???? 6.50 ???? 0.77 ?? 23.62
TNR Technical, Inc. TNRK 10 – Technology 1024 – Electronic Instruments & Controls ?????????? 3.80 ?????? 4.31 ?? 12.30 ???? 0.99 ???? 0.41
Information Analysis Incorpora IAIC 10 – Technology 1036 – Software & Programming ?????????? 2.40 ?????? 1.97 ???? 1.19 ???? 0.44
Microwave Filter Co., Inc MFCO 10 – Technology 1024 – Electronic Instruments & Controls ?????????? 1.70 ?????? 1.50 ???? 1.03 ???? 0.53
Bayou City Exploration, Inc. BYCX 06 – Energy 0609 – Oil & Gas Operations ?????????? 1.50 ?????? 0.81 ???? 2.70 ???? 0.73 ???? 0.44
Tongli Pharmaceuticals (USA) I TGLP 08 – Health Care 0803 – Biotechnology & Drugs ?????????? 0.90 ?????? 0.01 ???? 0.40 ???? 0.04 ???? 0.07

Lotsa little banks and tech companies.? Hey, I’m going to throw those with over $100 million of market cap into my next portfolio reshaping.? I’m still small enough as a manager to deal with small companies if they are well-managed.? This can bring me back to my microcap value days, where I invested 1992-1998.? Once I made an offer to buy more than 5% of a company, and I asked my bosses if they would have any problems if I had to make a 13F filing.? They gave me the go ahead; I made my offer and it was turned down.? Pity, because if it had worked, it would have been a great investment.

The table above is a beginning for due diligence.? I do not recommend any of the stocks there.? I do note that my reader’s stock is high on the list.

Some of these stocks could be good investments, but you would have to do the research to figure out which ones are good.? On the bright side, almost no one is analyzing these companies, so your analysis has more punch relative to company outsiders.? Insiders will still do better.

All that said, I suspect that these stocks will do well on average.