ICO, Inc. (ICOC)

Aerius (< 20) Submitted: 6/06/08 1:51 AM : Start Price: $14.72 ICOC Score: -30.21

Having held this pick on CAPS for several months now it's clear that this stock was a lot more hype than substance - although the ultimate outcome has yet to be seen. The real question is why...
FB giving the nod is always a good sign (I actually only picked that fact up from other pitches). Most pitches including those on Yahoo! (if you can stomach wading through all the spam) are glowing about the excellent management and solid fundamentals. ICO's products are used pretty much across the board - good, although that does leave them open to recession and recession fears. So, as everything else "recovers" in our economy, why is it still hovering around a 52-week low?
I don't have a good answer for that one. Maybe something fishy is up, maybe the stock's just volitile. What I do know is that over its 20 year history as a public company it's shares are lower. It seems like this may just be an industry/company where sustained growth prospects are limited. If the short term growth is really on the way, I'm closing this as soon as I get to 5%. If not, I'll continue to play the waiting game. Sorry this isn't the best bull pitch in the world. :(

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