Some fella named Jamie Dlugosch is helming the latest new offering from InvestorPlace Media, home to a few of the more hyped names in the financial newsletter world (Navellier, Hsu, Zambell, Tobin Smith, et al) — and this time, it’s a penny stock newsletter.
There seems to be a lot of that going around these days — we’ve always had penny stock letters, of course, but when an economic recovery seems to be in the wind they come pouring out of the woodwork … the conventional wisdom (with some data to back it up) is that tiny stocks do best in the first stages of a growth rally. So if you think that’s where we are, perhaps you’re looking for a microcap gem to throw some money at?
Well, I don’t know whether it will worth this time around or not — but I can tell you the name of the company Duglosh was teasing over the weekend.
Here’s the pitch:
“On July 4, a new financial advisory goes public. It will have 20 new recommendations—all of them penny stocks.
“But one of these stocks is so good, so blistering hot, I am going to GIVE IT AWAY to you today, a full month before the premier issue hits the Internet.
“Let me give you the down and dirty right here.
“This WAS going to be the Next Red Bull, the Next Snapple, the Next Monster. But it missed the boat.
“Bid up to $30, it met the credit hurricane and was shredded to 26 CENTS.
“Can you believe it?
“Look, this soda stock was NEVER actually worth $30 but come on, 26 pennies?
“This is a feisty turnaround, back-from-the-dead story with a surprising twist.
“Now, normally, I’d have to wait, we’d ALL have to wait, until the Premier Issue of Penny Stock Winners to get in on this.
“But I don’t see why we should do that and risk losing out on our first 100%, 500%, maybe 1,000% winner.”
So … is it going to be a winner? That I don’t know, but I can tell you that this stock has to be …
Jones Soda (JSDA)
Remember them? I used to see them everywhere, at every ambitious deli that wanted to be cool, and even at Target and Starbucks. Now? not so much — they seem to have been replaced in the consumer consciousness, at least here in Washington, DC, by Izze.
But the stock was in the firmament of pop culture stars for a while there — it did get close to $30 back in 2007, and it went down in almost a straight line to the low of 26 cents that it hit about six months ago … and it is indeed priced at almost exactly one dollar today.
So what happened? Well, it seems that they lost a bunch of major retailers, or at least lost good positions and glass bottle distribution at those retailers (those glass bottles were part of what made them stand out, as well as the wacky flavors, real sugar, and artsy labels).
The CEO of Jones Soda may have been a bit too prescient when he was quoted in Fast Company a couple years ago:
“But the world doesn’t need any more of this stuff. Because nobody cares when this stuff goes off the market. If Jones Soda fell off the face of the earth today — or if I got hit by a bus and the company got closed down, nobody would lo