Three Penny Stocks You Need to Own Now
Today's Financial News - Posted April 29, 2009
by Laura Cadden, TodaysFinancialNews.com
Baltimore (TFN): They’re alluringly cheap and potentially risky. Investors are continually lured by the huge potential gains with penny stocks.
We’ve identified the best—and safest—investments we could find to give you the biggest bang for your buck.
Penny Stock Winner #1: Digital Ally, Inc. (NASDAQ:DGLY)
Ready to benefit from stimulus buying
Digital Ally, Inc. supplies video imaging and storage products for security and law enforcement applications.
When I first mentioned this company to TFN readers back in January, its revenues had increased 65% over the year prior.
The stock then climbed over 15% until March when the company accompanied their stellar results with grim predictions for the future.
Delays with some of their products and declining economic conditions caused them to suspend their fiscal year 2009 guidance.
The share price came crashing down within days and hasn’t recovered.
The perfect purchase price
Now is a great time to pick up shares (or buy more shares, if you’re still holding on from our original recommendation).
As the stimulus money for local police departments and other law enforcements agencies gets doled out, Digital Ally should see profits rolling in.
Then there’s the international market…
In mid-April, the company signed a lucrative contract with the British Airport Authority for Digital Ally’s DVM-500 in-car surveillance systems.
The company is also launching a pilot program for its equipment with the Saudi Arabian Police.
Proactive approach
| Digital Ally Inc. 7311 West 130th Street Suite 170 Overland Park, KS 66213 United States Phone: 913-814-7774 http://www.digitalallyinc.com |
Digital Ally received repeated requests for assistance from U.S. police departments and other services in relation to how they could receive federal funding for their products.
The company has now pulled together instructions and resources to assist agencies to prepare the paperwork they need for grants to purchase the company’s products.
I recommend you buy shares of Digital Ally, Inc. (NASDAQ:DGLY) under $3 and hold on for double-digit gains by the end of the year.
Penny Stock Winner #2: ThermoGenesis Corp. (NASDAQ:KOOL)
Supplying today’s stem cell research
ThermoGenesis Corp. processes, stores and supplies stem cells retrieved from bone marrow, blood and tissue. Their clients include researchers, hospitals and blood banks.
The biotech’s automated, semi-automated and single-use products allow for the retrieval of autologous stem cells and would-healing proteins from a patient’s blood in less than one hour.
The future of medical treatment
Research indicates that stem cells instinctively go to an injured area and aid in the repair process.
Stem cells use as a standard treatment is not as far off as you think…
Just a few weeks ago, for the first time in the U.S., a stroke patient was treated with his own stem cells. The patient has missed the three-hour window for the standard clot removal treatment.
Knowing of the research regarding the possible regenerative quality of stem cells, medical personnel removed bone marrow stem cells from his leg, purified and intravenously returned them.
Other items of interest:
- ThermoGenesis’s subsidiary, Vantus Veterinary Stem Cell Laboratories, is tackling equine health by harvesting, processing and preserving stem cells of horses for the orthopedic injury therapies.
- The company recently brought J. Melville Engle on board as CEO. With 30 years of management experience in the healthcare industry, Mr. Engle should be able to bring the company to the next profitable level.
| Thermogenesis Corp. 2711 Citrus Road Rancho Cordova, CA 95742 United States Phone: 916-858-5100 http://www.thermogenesis.com |
I recommend you pick up shares of ThermoGenesis Corp. (NASDAQ:KOOL) under $0.80 and hold on for 20% gains by the end of the year.
Penny Stock Winner #3: Denison Mines Corporation (TSE:DML)
Long-term uranium gains
Canadian Denison Mines’ share price has remained low large due to weak uranium prices.
In mid-April, 19.9% of the company was sold to Korea Electric Power Corp. (KEPCO). KEPCO will also receive 20% of its annual production through 2015.
This greatly reduced the company’s debt levels.
Later in April, Denison announced it had signed a contract to provide 5 million pounds of uranium over 5 years beginning in 2011 to an unnamed customer.
The miner has another three long-term sales contracts and is aggressively looking for more.
Get in while the getting’s cheap
| Thermogenesis Corp. 595 Bay Street Suite 402 Toronto, BC M5G 2C2 Canada Phone: 416-979-1991 http://www.denisonmines.com |
Uranium prices appear to be ready to climb once again.
Perhaps because of the world sees uranium as the lesser of evils for their energy needs.
This is the most speculative of our plays, and you need to be able to buy off the Toronto market, but it’s worth your consideration.
I recommend you buy shares of Denison Mines (TSE:DML) under $2.50 for 20% gains.
***We’ve just uncovered a true winner of a mining stock for Members of our premium service, Hot Stock Confidential. Click here to read all about it…
Next Article: Options opportunity: Profit from a satellite IPO
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