Harris & Harris Group, Inc. (NASDAQ:TINY) is a unique stock; it affords little-fish the opportunity to invest alongside the big-fish.
Harris & Harris Group, Inc. (NASDAQ:TINY) is an early-stage, active investor in transformational nanotechnology companies. As of December 2012, the company has a Net Asset Value (NAV) of $4.13.
Perhaps you’ve heard of a little thing called nanotechnology?
It’s actually pretty big, Lux Research expects $3.1 trillion worth of nanotechnology-enabled products to be sold in 2015. Scientific innovations in personalized medicine, clean technology, and quantum computing are happening at the nano scale.
Investing in TINY is a big opportunity for anyone with an appetite to make a diversified bet on nanotechnology.
You won’t be alone in doing so. Google Inc (NASDAQ:GOOG), Amgen and E I Du Pont De Nemours And Co (NYSE:DD) (just to name a few) have purchased equipment or acquired companies from Harris & Harris Group, Inc. (NASDAQ:TINY)’s private portfolio.
The team at Harris & Harris Group, Inc. (NASDAQ:TINY) is led by Mr. Doug Jamison; investors who appreciate a straight-shooter at the helm of their companies will appreciate Doug.
Publicly, Doug has also promised shareholders that Harris & Harris Group, Inc. (NASDAQ:TINY) will be managed such that no outside capital will be needed. Over the years, leadership at TINY has done a great job of keeping a tight float, with just over 31 million shares outstanding.
The stock has been consolidating (moving sideways to down) for over 5 years now; it feels like just about everyone has given up on it. Lately, it seems like good news does not matter. If you fancy yourself a contrarian- that’s a great sign!
Bottom line
Speculators who fish for stocks priced under $5 will eventually get treble-hooked by the market. Make sure it’s money you can afford to lose.
Improve your odds by using the “Less Than 1% Rule”
Do you think these stocks are really 1 of 100 type quality? Please take the time to leave your thoughts or a better idea in the discussion.
The article The 1% – Stocks Under $5 That May Hook You originally appeared on Fool.com and is written by Daniel Cook.
Daniel owns shares of TINY mini-Mutual Funds by Daniel T. Cook & Partners LLC. Daniel T. Cook & Partners, LLC is registered with the State of Florida as a (RIA) Registered Investment Advisor. Custodial and clearing services are provided through Scottrade Advisor Services, Inc. member. Daniel is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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