Houston American Energy Corp. (NYSEMKT:HUSA)

CAPS Rating: 1 out of 5

Recs

3
Player Avatar FreeMortal (29.41) Submitted: 1/11/2010 7:31:53 PM : Underperform Start Price: $7.37 HUSA Score: +104.43

I agree with UltraLong mostly here except for the cash situation. They have about $5million in cash and about $1million in receivables. Considering the fact that this is a micro cap, that isn't too bad, if they had their act together. They had twice as much cash last year and they are steadily burning through it with operations and equipment purchases and still no profit.

There is a Texas expression that applies here: They are spending all their time saddling up instead of riding.

The price is already too high by any measure and this latest run-up appears to be just hype. Gravity will soon take over.

Member Avatar lonewulf47638 (47.33) Submitted: 4/12/2010 9:07:58 AM
Recs: 0

On 4/7/10 a saw a problem with an unjustified rise and a coorrection was made. I ageee with you and avoid this stock.

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