Top 10 Penny Stocks To Own Right Now
The GuruFocus special feature 52-week low Value Screen is a great research tool to help investors quickly sort through the 740 USA stocks currently listed at a 52-week low, not to mention thousands of other stocks around the world.Today's focus is on stocks that are a little more than 50% off high in a 52-week low, along with company financial updates from the second quarter of 2013.
Investor billionaires are holding some of these stocks:
Dendreon Corp. (DNDN)
The current DNDN share price is $3.39, or 53% off the 52-week high of $7.22.
Down 27% over 12 months, Dendreon Corp. (DNDN) has a market cap of $534.26 million, and trades at a P/S of 1.63.
Dendreon is a biotechnology company focused on the discovery, development and commercialization of novel therapeutics that improve cancer treatment options for patients. Its product portfolio includes active cellular immunotherapy and small molecule product candidates.
Revenue and net income tracking:
[ Enlarge Image ]The company recently reported a net loss in the second quarter of 2013 as $68.8 million, or $0.45 per share, compared to a net loss of $96.1 million, or $0.65 per share for the same period in 2012.
Top Guru shareholder PRIMECAP Management holds 2.43% of shares outstanding, with 3,789,800 shares. It's taken a losing position for more than 30 quarters since the fourth quarter of 2003, averaging a loss of 85% on 9,168,650 shares bought at an average price of $23 per share.
Steven Cohen is another long-time stakeholder that sold out in the third quarter of 2012, unloading 173,800 shares at an average price of $5.86 for a loss of 42.2%. Cohen made a new buy in the first quarter of 2013, purchasing 352,600 shares at an average price of %5.86 per share for a lo! ss of 42%.
Check here for more Guru trading details.
Cobra Electronics Corporation (COBR)
The current COBR share price is $2.56, or 52.6% off the 52-week high of $5.40.
Down 44% over 12 months, Cobra Electronics (COBR) has a market cap of $16.93 million, and trades at a P/E of 12.00 and a P/B of 0.40.
Incorporated in 1961, Cobra Electronics Corporation designs and markets consumer electronics products. In the U.S., Cobra competes with various manufacturers and distributors of consumer electronics products. Cobra also markets its products in over 70 countries through distributors. Cobra's products are distributed through a strong, well-established network of nearly 300 retailers and distributors located primarily in the United States, representing nearly 40,000 storefronts.
Revenue and net income tracking:
[ Enlarge Image ]Cobra recently reported a net loss of $1.9 million, or $0.29 per share for the second quarter of 2013 as compared to net income of $902,000, or $0.14 per share for the second quarter of 2012. In addition, there was an operating loss of $1.9 million for the current quarter compared to operating income of $1.4 million in the same quarter last year. These changes reflected drops in net sales of $3.5 million and gross margin of more than four points as well as a significant increase in fixed selling, general and administrative expenses, primarily litigation expenses relating to patent claims, according to a company press release.
Jim Simons has held COBR since the first quarter of 2006. In the first quarter of 2013 he sold 1,700 shares at an average price of $3.73 for a loss of 31.4%. Overall, he lost 51% on 72,900 shares bought at an average price of $5.20, but he made 11% on 33,500 shares sold at $2.31 per share.
Check here for Cobra's insider trades.
Highlight: Red Fork Energy Limited (RDFEY)
The current RDFEY share p! rice is 3! .69, or 53.6% off the 52-week high of $7.95.
Down 49% over 12 months, RDFEY has a market cap of $164.78 million, and trades at a P/B of 1.40.
Red Fork Energy Limited is engaged in shale gas and oil exploration and production in USA. Red Fork Energy has a large landholding in Oklahoma with producing oil and gas fields, as well as highly prospective development acreage. The company has positioned itself in a premier on-shore, horizontal oil resource play, with a large and growing position in the Mississippi Lime oil and gas play.
The company reported second quarter 2013 financial results with record sales of $6.985 million for the quarter, representing a 72.5%% increase from the previous quarter. The company had record gross production of 174.8 million barrels oil equivalents, a 33.4% increase from the previous quarter.
Revenue and net income tracking:
[ Enlarge Image ]Lightstream Resources Ltd. (LSTMF)
The current LSTMF share price is $7.23, or 54.4% off the 52-week high of $15.87.
Down 43% over 12 months, Lightstream Resources (LSTMF) has a market cap of $1.41 billion, and trades at a P/B of 0.50.
The company incorporated as PetroBakken Energy in Canada. It is a light oil exploration and production company comprised of long-life Bakken reserves and conventional light oil assets in southeast Saskatchewan. The company reports significant cardium potential in Alberta and development opportunities in the Horn River and Montney natural gas resource plays in northeast British Columbia.
The company reported second quarter 2013 production averaged 46,045 barrels of oil equivalent per day (82% light oil and liquids), a decrease of 6% from the first quarter of 2013 and an increase of 19% over the second quarter 2012. Adjusted net income for the second quarter was a loss of $51 million ($0.26 per basic share), a decrease of $76 million from the same quarter a year ago, acc! ording to! a company press release.
Revenue and net income tracking:
[ Enlarge Image ]Check out the GuruFocus special feature 52-week low screener to find the stocks hitting new lows but are still held by top investor Gurus and Insiders.
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