Great Trades

Great stock trades based on fundamentals and technical analysis.

Sunday, December 11, 2005

WPCS International Earnings This Week

WPCS International (WPCS) is a relatively small engineering company that designs and installs broadband wireless systems. WPCS is a former bulletin board stock that got listed on the Nasdaq in March of this year. Prior to getting listed, they had a 1-for-12 reverse split on January 10, 2005. In 2002, WPCS traded as high as $30 on a split-adjusted basis.

With earnings guidance for the year of .58 a share, WPCS has a PE of 13, a tiny 2.6 million share float, and a $29.2 million market cap, WPCS has huge potential upside.

WPCS is expected to report earnings by this Thursday, December 15. If momentum traders get ahold of WPCS on a good report as they have with other low float stocks recently, it could take off. If not, WPCS looks like a great buy and hold stock in the early stages of growth.

posted by GreatTrades # 11:21 PM

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.