I'm not sure if I should mention this stock here because it is trading at around $1.25, but it is so close to $1 and the potential is good, so I hope no one will mind.|
Paracelsian (PRLN) might be undervalued. Previous management was thoroughly incompetant and may have been previously corrupt. They made many promises that they didn't keep and the market grew distrustful of them. They were on the brink of bankruptcy in January 1998 when they were taken over by new, and very competant management. Since then, the stock has gone from 1/8 to $1.25, and several exciting initiatives should be launched within the next month or two. This stock should be trading higher for what it has to offer, but I think the market is still skeptical because it remembers promises broken in the past by previous management.
I discussed the stock thoroughly here:
If you read through the post at the above link you will have a good idea of both the strengths and the weaknesses of this stock. I don't like hyping without presenting the potential downside. The stock is still somewhat risky, but if they execute as well over the next few months as they have over the past year they will be valued substantially higher.