If you are an avid online investor, chances are you have heard of Stockhouse.com. This financial information portal is an excellent jumping-off point for investors of virtually any experience level. The company’s goal, which it has certainly accomplished, is to provide an open forum for traders of all sorts; effectively creating an entire online investment community where people can share their thoughts and ideas.
Amid the major troubles in the world of finance today, there are certainly still value-stocks that should not be ignored. Stockhouse.com is one of them. Currently trading at around twenty cents per share, Stockhouse stock has a market-cap of only $8.2 million. As pointed out in a SmallCapNetwork report, the company logged $6.7 million in sales for the first half of 2008. If Stockhouse’s numbers maintain that course into 2009, the price-to-sales ratio will be a strikingly-low 0.63.
A lot of investors have expressed concern with the Stockhouse’s expectations of a non-profitable third quarter, but insider trading records show that company officials do not share the same fear. When share price dipped to just sixteen cents in the beginning of August, CEO Marcus New increased his own position by 550,000 shares. The big question on people’s minds seems to be: if the third quarter turns up zero profits, can the company return to profitability in the fourth quarter? Mr. New’s decision to buy more than an additional one percent of his own company, even during this turbulent economic period, provides an optimistic outlook regarding that question’s answer.
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