Jeff Parent B. Eng. FCSI CIMCoastal Contacts Inc.COA.TOTOP PICKMar 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.
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.
(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.