Rocky’s Weekly Stock Picks
Another week of getting in and out as fast as possible. Nothing fun is happening anyway.
ARR - $6.01, ex-div 12/14. Is this the start of a rise back to $10? Don’t know, don’t care, but maybe. Either way, we love this REIT and could recommend it every week (and often do!).
MMMB - $1.09 - MamaMancini’s holdings…what a great name! They’ve got a lot of balls, too. We aren’t making fun, here’s some copy/paste for your reading pleasure. Also, the price is pretty much a slow as we think it’s going to go.
MamaMancini's Holdings, Inc. is a manufacturer and distributor of beef meatballs with sauce, turkey meatballs with sauce, and other similar meats and sauces. The Company is engaged in marketing a line of all-natural specialty prepared, frozen and refrigerated foods. The Company's products include beef and turkey meatballs, meat loaf, chicken, sausage-related products and pasta entrees, all with slow cooked Italian Sauce.
No dividends or options with this one. Just meatballs and frozen pasta.UROY - $2.38, options trade monthly. We were already holding this equity as a means of exposure to uranium. A couple weeks ago they agreed to take physical uranium (presumably in lieu of royalty payments). On the one hand, they probably wanted the money. On the other hand, we like the security of holding physical metal.
OPTT - $0.59, options trade monthly. With a $2.50 difference between strikes, though, good luck. (Although we will say, it doesn’t hurt to put a GTC for $0.05 call sells. They pop off more often than you might expect.)
Ocean Power Technologies does exactly what it sounds like it would do - uses tech to convert tidal energy into electricity for the grid. They also have hybrid buoys, which again do exactly what you’d expect them to do - generate electricity through a hybrid of “green” technologies.
The difference between these buoys and regular windmills/solar panels is not what you might expect. While they still cause massive, irreparable, environmental damage they could eventually ROI on their initial investment without government subsidies! (They’re still going to be getting government funding in the near future).
CLM - $8.44, ex-div 12/14, annualized returns of 17% with monthly distributions. This one is a no-brainer, and the annualized rate of return is somewhat misleading, as is typical when the price drops below its “normal” range.