“Groundbreaking Firm Defies the Crunch — Takes Market By Storm” Fleet Street
October 27th, 2008   by StockGumshoeYour friendly neighborhood Stock Gumshoe tends to focus on US-based investment newsletters and the hype they generate, but that’s not because this phenomenon is restricted to our fair shores. Newsletters and advisories proliferate around the world, even if the center of newsletter land continues to be the area within 100 miles or so of my home here in Washington, DC, where most of the larger publishers are located.
And sometimes, the newsletters from across the various ponds come up with something worthy of attention, too — the ones I’ve looked at most are Dan Denning’s publications from Down Under, partly because he is the indirect offspring of US investment newsletters and uses similar marketing, and the Fleet Street Letter from the UK, which is just as aggressive and colorful as our lovely advisory services on this side of the Atlantic.
Today, it’s Fleet Street that catches our attention again, though it’s not their flagship publication but Tom Bulford’s Red-Hot Penny Shares that graces the inbox on this chilly and gray Monday morning.
The stocks I’ve looked at from their stable in the past include Begbies Traynor, which has actually been a pretty decent pick for the last six months or so (this “corporate gravedigger” went up nicely in the few months after they teased it in April, but has fallen back down recently — and fallen further still if you’re looking at it in dollars, thanks to the Pounds long-predicted fall). Bulford in particular has also gotten some Gumshoe coverage before, including two energy-related names, one for a Falklands oil driller and another for a “torpedo techique” natural gas service provider. Corac, the “torpedo technique” firm, has actually done quite well this year, though with oil cratering the Falkland Oil & Gas pick has clearly had its troubles.
But still, we’ve seen some decent picks from this crowd in a year when there have been precious few of those, so why not give them another look?
Today’s stock being teased by the Bulford for the Red-Hot Penny Shares is another energy-related name, and like Corac it’s a company with a technology that might help the oil & gas industry to boost their reserves. Even with oil falling to near $60, all the big multinationals need more reserves, and they’re harder to get with national oil companies increasingly dominating the market … so what are we looking for here? Read the rest of this entry »
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