Fund.com (FNDM.OB)
When we first started covering this company back on July 9, 2010, we told you there was a lot to like about this group. Apparently, the market has begun to see what we’ve seen all along. We predicted that this stock was undervalued at $.06 and that volume would increase significantly in the coming days. The stock opened at $.13 this morning and by 10:30 a.m. the volume was already approaching 400,000 shares traded. This on the heels of three consecutive days of volume above the 600,000 mark, with yesterday’s volume topping out at over 1,000,000 shares traded. Not bad for a company whose stock didn’t trade at all on some days earlier this month.
Why is this happening? We predicted that investors would like this company because of its proprietary ETF products, and its super-strong management team. Small Cap Profits predicted that this stock would trade above $.40 within a few weeks and now we believe that $.70 or much higher in that time frame is easily within reach of this company who expects to manage in excess of 20 billion in assets in the next few years. If they are able to hit the mark they set for themselves they can earn in excess of 80 million in net fee income per year. This would most certainly drive their share price north of its recent high of $2.00.
This stock is still undervalued and there is plenty of room on the bandwagon for those coming late to the party. This is one play that shouldn’t be missed. With the volume numbers what they have been this week, FNDM is a stock that can satisfy those looking for quick gains and those looking to buy and hold shares in solid companies.