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BLDR-Penny Stocks To Buy

A.J. Watkinson April 9, 2012 Penny Stocks To Buy No Comments
BLDR-Penny Stocks To Buy

 

The large-cap, big name stocks are all you hear about in the media.  You know the names… Apple (APPL), Google (GOOG), and Caterpillar (CAT) are just a few.  After listening to the hype, you’re probably salivating to buy some of these big name stocks.

However, $600, $500 and even $120 stocks are just out of most investors reach…

If you can’t justify paying the big price tag, not to worry… we have a small-cap penny stock alternative you can buy instead.   Not only will it cost less, you’ll be able to buy more shares!

This week, we’ve found a great alternative to Home Depot (HD).

As you’re probably aware, the entire stock market has been on fire so far in 2012.  Most of the major indexes are up 10% and better so far!  Some industries that have lagged in the past are outpacing the market right now, including home improvement retailers.

When I think home improvement, just one name comes to mind… Home Depot.

HD shares have soared since the August low set last year by over 78%!  If you’ve owned shares since then, you’d be quite happy with their performance.  Why wouldn’t you be… they’ve nearly doubled!

The problem is, at over $50.00, shares are quite pricey…

If shares of HD are a bit too rich for your blood, I’ve found a great alternative to profit from the rally in home improvement stocks.

Builders FirstSource (BLDR)

BLDRIf you’ve never heard of them, BLDR is a company specializing in home building and remodeling products.  And with many homeowners owing more on their house than they’re worth, remodeling has become the best way to upgrade your home.

Even better, BLDR is a stock set to benefit from a recovering housing market.  And with the housing numbers improving month after month… BLDR shares are set to surge even higher.

Recently, you can see the price of BLDR has spiked over $4.00.  But not to worry… the company received an upgrade from analyst BB&T.  The upgrade came after BLDR released financials showing an improvement in the top line, as well as shrinking a 2010 loss by 50%.

If you want to invest in the home improvement industry, but just can’t cough up nearly $50 for Home Depot shares… then Builders FirstSource is a great way to get in the game.

 

Keeping you one step ahead,

A.J. Watkinson

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About The Author

A.J cut his teeth while working for more than 12 years on the corporate side of the financial services industry in the suburbs of New York City. In addition, A.J. has successfully traded stocks, options and currencies as an independent trader since the late 90's. Eventually A.J. moved out of the "rat race", landing in North Scottsdale, Arizona. During the past few years, he's worked as the editor of a number of high profile financial newsletters. In this role, he's run trading services for penny stocks, options, currencies, ETFs, and FOREX. While under his direction, each of these trading services had turned in positive performance... something very rare in the financial newsletter industry. In addition, he's been a regular contributor to a number of financial websites- writing under multiple pen names. A.J.'s current goal is to share his real world experiences and success (and failures) in the various financial markets to help others not only make money- but avoid losing it. It's this vision and passion that has led A.J. to launch pennystockreporting.com. Most of all, A.J. hopes to keep the little guy from getting caught up in the highly unscrupulous penny stock pump and dump scene.

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