TPS Position Update – November 21, 2014

November 21, 2014

. . . . Inuvo (AMEX: INUV) – Buy up to $1.65

INUV made a solid run higher in early November before hitting strong resistance.  However, I expect the stock to rebound in the near future.

You see, INUV recently posted strong third quarter earnings.  In fact, the company increased sequential revenue by 19%.  And, net income came in at $0.02, exceeding expectations.

With the company turning a profit and ALOT sites and apps showing huge improvements, there’s good reason to be optimistic about INUV.  Go ahead and buy the shares here if you haven’t yet done so.

. . . . Bluelinx Holdings (NYSE: BXC) – Hold

BXC is sitting just above where we bought it, which isn’t such a bad thing considering how hard small caps have been hit lately.  More importantly, the company’s earnings were strong.

Sales increased 3%, gross profit climbed 3%, gross margin improved by 0.5%, and adjusted EBITDA soared by almost $4 million.  No matter how you look at it, the company had a great quarter.

As I said before, the building products distributor is going to thrive with the growing economy.  This one’s worth holding on to.

. . . . Uranerz Energy (AMEX: URZ) – Buy up to $1.40

URZ has taken off and is now a 10% winner.

Just as I wrote in the last update, the company’s now producing uranium.  And, it was surely going to lead to a good quarter.

And you know what… the company pulled in nearly $4 million in revenue for its first reported sales revenue in history.  I’m not sure why this was a surprise to other investors, considering the company told us it would happen.

Oh well, it’s working out fine for our portfolio.

This is probably the last chance for you to purchase these shares before we hit our buy up to limit – so grab them if you don’t own them yet.

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