This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Top 10 Penny Stocks of 2010

2. Zanett (ZANE) is a customized IT solutions provider based in New York. Shares traded above $260 on a split-adjusted basis in June 1996, but lost most of their value through 2009, when the stock finished at 40 cents.

Closing Price: $2.09 (June 16)

Total Return (YTD): 425.1%

Developments in 2010: Zanett's stock has been on a rollercoaster ride this year. On March 3, Zanett said it would likely receive a second delisting notice from the Nasdaq after it failed to meet the exchange's minimum bid price requirement. One day later, Zanett announced the closing of over $12 million in new business during the first two months of 2010, news that sent shares up tenfold from 30 cents. Zanett said in April that it had $17.1 million dollars in new business during the first quarter. In May, Zanett reported a first-quarter net loss of 4 cents a share, swinging from a year-ago profit of 4 cents a share, as revenue fell 2% to $10.7 million. Earlier this week, Zanett said it has signed orders worth $29.7 million in 2010, with a bulk of the revenue expected to be realized within the next 12 months.

Valuation: Zanett has a book value of only 72 cents per share, giving it a price-to-book ratio of 3.20. That's above the average P/B ratio of 2.38 of the software and computer services peer group. Based on estimates by an analyst at Virtua Research, Zanett has a forward price-to-earnings ratio for 2011 of 101. By comparison, the software and computer services peer group has a P/E ratio of only 10.16 for the current year, according to Bloomberg.
9 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CPE $10.58 -3.40%
ZANE $0.07 0.00%
DEAR $0.01 0.00%
AAPL $95.03 -2.90%
FB $117.48 7.90%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs