At least once a week, we stumble upon some Internet investment site that suggests the next Microsoft or Yahoo! is hidden somewhere in the penny stock netherworld, just waiting to be discovered.
Our experience suggests otherwise.
I’m hard pressed to think of more than a handful of companies from the Pink Sheets or Over the Counter markets that have produced sustained returns for investors over the past few years — AND contributed to the U.S. economy by generating substantial revenue, earnings and jobs.
Given the trillions of dollars sloshing around in venture capital funds, private equity funds, hedge funds and other pools of ready and restless capital, what are the chances that a company with a promising product or technology is actually going to be overlooked?
To occupy some time while we wrap up our first major investigative piece, I’d like readers to cite examples of tiny public companies that have proven themselves to be something other than momentum plays, hype vehicles or outright scams.
If you’ve got a favorite, please cite the attributes that you think made the difference.
Thanks for stopping by Sharesleuth.com. Look for another posting soon.
