TPS Position Update – July 17, 2013

July 17, 2013

. . . . Axcelis Technologies (NASDAQ: ACLS) – Hold

ACLS continues to surge and set new highs.  The shares have had a great past few months and have currently breached the $2 mark.

As of this writing, our position is up 71%.

The most recent bit of positive news is the company’s closing of a $15 million, 3-year loan.  The loan will help the company meet growing demand for its Purion product line.  As such, it should be considered a very good sign.

There’s plenty of reason to believe ACLS can keep going higher, so let’s hang on to our shares.

. . . . First Marblehead (NYSE: FMD) – Hold

FMD shares spiked earlier this month and the position’s now up a solid 78%.

There are a couple reasons behind the big climb.  First off, the company is now being covered by Compass Point.  Anytime coverage is initiated on a company, more investors are likely to take the company seriously (and buy the shares).

Perhaps more importantly, the student loan market is receiving a lot of press.  Congress is struggling to come up with a solution to ever-increasing student loan debt.  And, FMD is one of the few players specializing in student loan-specific products.

There could be some major upside to FMD as student loan holders seek new ways to service their debt.  Let’s hold on to the shares for even bigger upside potential.

. . . . Capstone Turbine (NASDAQ: CPST) – Hold

Another one of our positions making new highs, CPST is currently a 35% winner.  The stock has been on a nice run since late May.

So what’s the recent news?

The microturbine company secured two orders from two leading natural gas producers in the Northeast region of the US.  The orders are for a total of 4.6 megawatts of power capacity.

As energy producers continue to need new ways to meet emission standards and invest in clean energy, CPST stands to gain significantly.  The company could be on the cusp of breaking through with their highly specialized, green technology.

We’re going to hang on to our shares for bigger profits ahead.

Please Note:

We don’t necessarily review every open position in each Position Update.  We focus on the positions experiencing significant news, notable price movement, or a change in recommendation.  Please refer to the Performance page on our website for our current buy, sell, or hold recommendation for any positions not mentioned in the Update.

Action To Take

• None at this time.

Category: TPS Update