Nsom challenge...
I took a very non-sheepish approach to PSL6. Hopefully it pays off for me. Only 3 people took ANSW (my wildcard) and 2 took IPII.
ANSW - Answers Corp. - Honestly, I think this is going to be a rough quarter for the stock price for ANSW. I actually sold the stock a week ago because it broke through some technical support at $11 right after a dissappointing earnings announcement. Basically, I picked ANSW to hedge my bets in case it gets bought out. I believe that the only possible acquirer of ANSW will be GOOG (if it happens). Speculation of other possible acquirers are not likely IMO.
CECE - CECO Environmental - I have two themes in my picks. The first is environmental. Though I'm definitely NOT even close to being an environmentalist, it has gripped our country. CECE is pollution control in a $137 million market cap.
COHT - Cohesant Technologies - My second environment stock is involved in drinking water distribution systems. I believe that they could grow as the US continues to improve the water infrastructure.
IPII - My second theme is housing related plays. Though, I don't believe that we have hit the bottom in housing, I do believe that the stocks will hit bottom before the fundamentals. IPII should benefit when FL construction activity picks up again and they are also a big beneficiary of hurricane construction. As we enter the hurricane season the stock has a pretty good chance to run.
CGM - Congoleum Corp. - This is my all or nothing pick. They either go bankrupt or they are the leading stock in the contest. They are also heavily tied to residential construction as they provide flooring products for new construction. I think I got a really good price for this one in the contest because it fell from 1.35 to 1.12 in the last two days leading up to the contest. Hopefully I won't be able to get it cheaper.
HFIT.ob - Health Fitness - Involved in improving the lifestyles of Americans at the workplace. They offer fitness and health management to a impressive group of Fortune 500 companies. I don't really think this is a perfect price, but I like the idea behind the company and I think they will benefit in the long run.
Like everyone else has said, it was difficult to pick my stocks this time around. Just once I'd like to get a top 20 finish. Maybe this time??
