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LOW PRICE STOCKS
2004 IN
REVIEW
Now that 2004 is in the books, we can look back and see how
our investment candidates performed. As always, there were winners and
losers.
During 2004, we described 107 companies as potential
investment candidates (excluding mergers, and December’s picks, which we
reviewed earlier in this newsletter). Of these, 74 posted gains, a success rate
of nearly 70%. Our biggest losers came during the first three months of the
year, with companies like Yak Communications, Inc. (YAK/ -59%); ASE Test Limited
(ASE/ -58%); ProxyMed, Inc. (PILL/ -47%); Aspen Technology, Inc. (AZPNE/ -47%);
and Kosan Biosciences, Inc. (KOSN/ -86%).
From April through November, 65 out of 80 stock picks were
gainers -- a success rate of 81%. Here are the top 20 picks of 2004:
|
Company |
Entry Price |
Price Dec. 31 |
%
Return |
|
NovAtel, Inc. (NGPS) |
$13.02 |
$44.39 |
240.93% |
|
Range Resources Corp. (RRC) |
$9.94 |
$20.46 |
105.83% |
|
Goodrich Petroleum Corp. (GDP) |
$7.30 |
$16.21 |
122% |
|
Hurco Companies, Inc. (HURC) |
$8.62 |
$16.50 |
91.41% |
|
Navarre Corp. (NAVR) |
$9.84 |
$17.60 |
78.86% |
|
The Sands Regent (SNDS) |
$7.35 |
$13.00 |
76.81% |
|
Terra Nitrogen Co. (TNH) |
$12.78 |
$22.31 |
74.56% |
|
Essex Corp. (KEYW) |
$12.32 |
$20.25 |
64.36% |
|
Bluegreen Corp. (BXG) |
$12.60 |
$19.83 |
57.38% |
|
WESCO International, Inc. (WCC) |
$19.18 |
$29.64 |
54.53% |
|
Palomar Medical Technologies (PMTI) |
$17.55 |
$26.07 |
48.68% |
|
Virage Logic Corp. (VIRL) |
$12.52 |
$18.57 |
48.32% |
|
Niku Corp. (NIKU) |
$13.79 |
$20.14 |
46.04% |
|
Delta Petroleum Corp. (DPTR) |
$11.15 |
$15.68 |
39.56% |
|
JLG Industries, Inc. (JLG) |
$14.11 |
$19.63 |
39.12% |
|
Aspect Medical Systems (ASPM) |
$17.81 |
$24.46 |
37.33% |
|
Imperial Sugar Co. (IPSU) |
$14.29 |
$19.05 |
33.31% |
|
BHP Billiton Limited (BHP) |
$18.78 |
$24.02 |
27.90% |
|
Dawson Geophysical Co. (DWSN |
$17.60 |
$21.72 |
24.20% |
|
CompX International, Inc. (CIX) |
$13.33 |
$16.53 |
24% |
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U.S. Company