Tuesday, April 6, 2010

Bought some Memtech International

Bought some Memtech International today (25,000 shares at $0.12). Stock trades at a steep discount to NAV but comes with low liquidity (and low investor interest). The company has been a laggard as other smaller-cap technology companies have rebounded strongly, and could be a beneficiary of a turnaround in the sector. While profitability has remained sluggish so far, profits and revenue could rebound strongly in subsequent quarters, driving share performance. 

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