Hot Penny Stocks: TLB, BLIN, AUMN
It’s been an exciting week for penny stocks, especially for Talbots (TLB), Bridgeline Digital (BLIN), and Golden Minerals (AUMN). Let’s take a closer look at these three hot penny stocks…
Talbots (TLB)
TLB is a specialty retailer and direct marketer of women’s apparel, accessories, and shoes. The company operates retail stores, upscale outlets, and surplus outlets.
For the week, TLB shares are up an impressive 58%.
So why the jump?
The company is getting purchased by Sycamore Partners for $369 million, or $2.75 a share.
Here’s the interesting thing…
Sycamore had recently pulled an offer for TLB at $3.05 a share. Talbots’ board wasn’t sure they wanted to accept the original offer, and the delays eventually caused Sycamore to pull the plug on the deal.
TLB shares plunged to $1.50. I guess the huge drop spooked the board because they had no problems accepting a deal for $2.75 a share just a week later.
So, the stock may be up big this week, but I can’t imagine investors are too happy. At least TLB isn’t at $1.50 any longer!
Bridgeline Digital (BLIN)
Shares in BLIN are up a strong 64% for the week.
BLIN develops web experience management products and interactive solutions that help organizations to optimize business processes. The company’s products include software that allows non-technical users to create web content, product lifecycle management solutions, and online B2B and B2C eCommerce solutions.
Here’s the deal…
The company just announced they’re acquiring MarketNet, a web application company with $2.7 million in yearly revenues.
Since BLIN is only paying $1.2 million for MarketNet, this looks to be a solid, accretive deal for the company. Not to mention, it’s typically a good sign if a company is willing to spend money despite challenging market conditions.
Bridgeline is worth keeping an eye on.
Golden Minerals (AUMN)
AUMN is an exploration and development company for precious metals and other mineral properties in Mexico and South America. The company explores for gold, silver, copper, zinc, and lead ores.
Over the past week, AUMN shares are up a robust 40%.
You see, the company is selling their royalty interest in the Platosa property in Mexico to Excellon Resources for $2.4 million. The property is a silver, lead, and zinc mine.
What’s more, Golden Minerals is engaging an investment bank to solicit purchases for their land in the Zacatecas mining district in Mexico. In other words, another big deal could be in the works in the near future.
It’s no wonder investors are snapping up AUMN shares!
Yours in profit,
Gordon Lewis
Category: Hot Penny Stocks
Gordon, I’m new to investing & as yet have not purchased any stocks. I like penny stocks especially natural gas, shale, and electric vehicles. Can u possibly guide me to profitable penny stocks in these areas for my first purchase? Or at least stocks that you highly recommend in these fields. Thanks so much Gordon!!! Jenny
Jenny,
Check out my Penny Stock All-Stars newsletter. It’s a great place to find first-class penny stock companies. Our most recent pick is in the renewable energy space so it should be right up your alley. The recommendation came out last week and the stock’s already up over 12%!
Gordon
Use Silver in your simulation. Back in 1980, gold sold for $850 and sielvr sold for $50. Then, one ounce of gold would buy 17 ounces of sielvr. Today with gold near $900, one ounce of gold will buy a whopping 55 ounces of silver. It seems to me that silver, in terms of gold, is too cheap. The bull run for Gold and Silver has been strong since 2002 making about 40+% annually. They should both continue to be a great investment in this type of inflationary environment brought on by the weak US dollar, growing deficit, major growth overseas, etc. We have yet to see the major parabolic phase that puts a final cap on this bull run.You can easily buy and sell sielvr with ticker symbol SLV . The great thing about SLV is you don’t need to store it physically and you can trade it immediately.