10-11-2014, 10:59 AM
(10-11-2014, 10:45 AM)CY09 Wrote: No matter how much recommendations provided by us, one clear catalyst is lacking and that is analyst coverage of penguin imo. This is needed as the Market knows little of this gem
When Penguin was trading at below 10 cents, it was very illiquid. It was common to have little or no trading for this counter on many days. Now that it was above 20 cents, it is a lot more active. Some days it even managed to rank in the top 20 active list. There is clearly an interest in this company, and more investors are taking notice of it, whether there is analyst coverage or not. Knowing that the management team is really low profile, I am guessing that they might even refuse analyst interview if ever approach. What is still lacking now, IMO, is for Penguin to show investors that they are willing to pay out a good dividends as rewards for its good performance. They might do that trick this year, and perhaps along with it, attract the interest of analysts.