Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks
NEW YORK-( Business Wire )-
Hotel Outsource Management International, Inc. (“HOMI”) (OTCQB:
HOUM) presented its consolidated financial results for first quarter
ended March 31, 2011.
Mr. Daniel Cohen, HOMI’s President, stated: “In the first quarter
of 2011 we continued implementing our strategic plan. As we anticipated,
the new HOMI® minibars that have been installed are earning
increased revenues and profit, and we have been successful in continuing
the reduction of our GA expenses.
“We continue to invest in sales and marketing, and we regularly sign new
contracts in our main territories of operation: the USA, Europe and
Israel. During the second quarter of 2011, we intend to perform
additional installations of the new HOMI® minibars, along
with our latest development, the ‘EDS’ – a computerized Electronic Dry
Section for dry goods (snacks) and large bottles of Mineral Water
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.