From 0.75 to 7.16
posted on
Oct 23, 2009 08:31PM
EDIG could be a similar story...APT up 573% in 7 months
Different industry, I know, different outstanding share count, I understand, etc etc, but microcaps can catch fire when viewed under the right circumstances. And I keep thinking back to the comment that microcap funds might factor into EDIG's future later this year. Can DM be far behind ? I think we all understand the probability of that happening.
Yes, this example is not nearly a direct correlation to EDIG, but it is a microcap company in a growth cycle that was hardly known OR FOLLOWED just 7 months ago...now several analysts are following and both volume and price movements have been spectacular.
Alpha Pro Tech's (APT) sales increased 63% in the second quarter, helped by record quarterly sales in the building supply business. The company sees growth opportunities in that business, which will help when the swine flu commotion fades. But the micro-cap company has a relatively small following in CAPS and earns just a two-star rating. Today, 37 of the 41 CAPS members rating Alpha Pro Tech expect it to beat the broader market.
Exciting times ahead.