On Friday, NIA announced RealNetworks (RNWK) as its new technology stock suggestion and it closed up $0.16 to $7.25 on strong volume. RNWK has $209.64 million in cash and no debt. If you subtract its cash position from its market cap of $260.14 million, RNWK has an enterprise value of only $50.51 million. NIA believes that RNWK‘s 45% stake in Rhapsody alone is worth $495 million. With the NY Times recently calling Rhapsody a potential takeover target of an Internet giant like Google, RNWK belongs at $20 per share, in NIA’s opinion. RNWK currently has 642,860 shares short, so look for a major short squeeze to occur this week.
NIA’s #1 palladium stock suggestion Stillwater Mining (SWC) closed very strong on Friday up $0.69 or 4.4% to $16.29. Palladium prices are up $6.75 this morning to $821.75 per oz. SWC could breakout big past its 52-week high of $16.65 per share today.
Agria (GRO)‘s PGG Wrightson (NZX: PGW) finished New Zealand trading last night up to $0.425 and the NZD is up today to $0.864. GRO‘s PGW stake is currently worth $2.03 per share. GRO at $1.35 is currently trading $0.68 per share below its PGW stake valuation. On average since NIA’s suggestion, GRO has traded $0.45 per share below its PGW stake valuation, which would currently price GRO at $1.58 per share. Also, GRO is currently trading for 0.58X Origin Agritech (SEED)‘s share price. On average since NIA’s suggestion, GRO has traded for 0.75X SEED‘s share price, which would currently value GRO at $1.75 per share. GRO has a book value of $1.68 per share. The median NYSE stock with a headquarters in China has a price/book ratio of 1.22, which would value GRO at $2.05. PGW currently has a price/book ratio of 1.26, which would value GRO at $2.12 per share.
NIA will be releasing its new must see video about the U.S. economy, later today!
NIA currently owns 249,800 shares of GRO that it intends to sell at much higher prices but reserves the right to sell at any time.