Penny Stock News: Security California Bancorp Reported Solid Earnings, Significantly over 2010 Results

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Security California Bancorp (‘Company”) (OTCBB: SCAF) and its sole
subsidiary, Security Bank of California (“Bank”), reported their
consolidated earnings for the first quarter ended March 31, 2011. The
Company reported net income of $593,747 or 8.6 cents per share, a
significant improvement of $395,144 or 199% over the $198,603 or 3.0
cents per share reported for the same period last year.

Highlights of the Company’s performance for the first quarter of 2011,
when compared to the first quarter of 2010, are as follows:

Total Assets grew to $357 million, an increase of 16% or $49 million

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.


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