Jeff Parent B. Eng. FCSI CIM
Coastal Contacts Inc.
COA-T
TOP PICK
Mar 12, 2010
Getting into glasses. Have an operation in Stockholm that has been selling glasses. Good margins and have no debt and cash flow positive. Chart shows a nice upward motion and thinks it could hit $2 pretty easily but get out if it goes below $1.30.
(Top Pick Mar 12/09, Up 21.33%) Getting a lot of great press. Chart looks really good. Use a 50-day moving average to reduce position and 100-day moving average as a trailing stop.
Has come up on his screens in a negative way on valuation terms. Fairly expensive right now. Have done well in their performance so he wouldn’t Short it.