Harris & Harris Group, Inc. (NASDAQ:TINY)
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A venture capital company that operates as a non-diversified business development company. Invests in tiny technology including nanotechnology, microsystems and microelectromechanical systems (MEMS).
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It just seems that their portfolio of private, nanotechnology companies in which Harris & Harris is invested are far from strong commercialization and income generation that will provide a return to TINY. I think the stock price will continue to languish in the low single digits.
Looks like most of the other pitches on this company were written around the market peaks of 5-6 years ago. The great lag on TINY seems to be the lack of M&A activity. Certainly many of it holdings could simply grow organically and go for eventual IPOs of their own but that will take longer and reduce the rate of return even at TINY's current price ($4.28). I bought my current position at $5.27 and I can afford to wait a bit and see how the market evolves.