PFSWeb -- Small and undiscovered
I added PFSWeb, Inc ( PFSW) to the Barchart Van Meerten Specualtive portfolio. PFSWeb Inc. is an international provider of transaction management services for both traditional commerce and electronic commerce, or e-commerce, companies. The company provides a broad range of services, including order management, customer care services, billing services, information management and fulfillment and distribution services. The fulfillment and distribution services are conducted at the warehouses and include picking, packing and shipping the clients' customer orders.
The stock is presently followed by a very small number of brokerage analysts but they have buy recommendations based on estimated sales increases of 7.90% next year. The big story is in the earnings projections of a 40.90% EPS increase next year,
The stock came on my radar when I found it on the under $10 new high list on Barchart. The stock hit 16 new highs in the last 20 sessions and was up 24.92% last month. The security has a 96% Barchart overall buy signal and recently traded at 3.91 which is above its 50 day moving average of 3.22. The stock has a 66.99% Relative Strength Index that is rising.
This is a speculative low priced issue that although followed by some Wall Street analysts has not been discovered by the general investing public.
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.