Here are three penny stocks that paid off big over time because they were tuned-in to the marketplace and because they were well managed over the years.
Yet, despite clearing major hurdles and achieving the kind of success that other penny stocks would die for, they still face challenges that sometimes come from Mother Nature or out of left field.
For example, Monster Beverage Corp. (NASDAQ: MNST) is being eyeballed by prosecutors for allegedly promoting its caffeine energy drinks to children in a move that some see as an unwarranted witch hunt.
This comes at a time when the California marketer and distributor of energy drinks stock is selling near its 52-week high of $70.54. On Jan. 16, 2014, MNST share price closed at $64.94, 0.65 % higher than its closing price of $69.09 the previous day.
Meanwhile, the San Francisco city attorney and the New York state attorney general on Jan. 16 told reporters that they started conducting a join investigation a month before a California federal judge tossed out a lawsuit filed by Monster to block the investigation. The investigation was sparked by some unsubstantiated claims that highly-caffeinated energy drinks may contribute to the death of individuals with predisposed heart conditions, but there has been no proof, according to the Food and Drug Administration (FDA).
In a written statement, Monster Beverage has denied that its drinks are harmful to anyone’s health. "The sale and consumption of more than 10 billion Monster energy drinks worldwide over more than 11 years has shown that our products are safe. Contrary to allegations, they are not highly caffeinated and they are not marketed to children," the statement said.
Furthermore, the company stated that there is a warning label on its products saying: "not recommended for children, people sensitive to caffeine, pregnant women or women who are nursing."
Monster Beverage has been a phenomenal success story from the day it opened its doors in 1992 as a penny stock. It has increased its sales for 21 consecutive years and hit $2.06 billion in net sales in 2012. Net sales for the third quarter 2013 increased to $590.4 million.
Find out what could be the best investor's move when it comes to EDXC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Pier 1 Imports Inc.'s (NYSE:PIR) President and CEO Alex W. Smith blamed slow traffic caused by wintry weather for the tepid 1.3% increase in same store sales for the five-week period ended Jan. 4, 2014, compared to the five-week period ended Jan. 5, 2013
But despite the disappointing holiday sales registered by the Fort-Worth, TX imported products retailer that also started out as a penny stock, Smith had some good news about the Pier 1 Imports’ online sales.
"Our e-Commerce business remained strong and continues to outperform our expectations, generating approximately 4% of total sales in fiscal December," Smith said in a written statement. "In fact, the sales contribution from Pier1.com was substantially higher in weather impacted areas and reflects the increasing importance of our omni-channel strategy," he added.
PIR share price closed at $20.49, down 1.11% from its close of $20.72 the previous day.
Find out what could be the best investor's move when it comes to PIR by getting the complete report here, or by cutting and pasting the following link in your Web browser:
True Religion Apparel, Inc. (NASDAQG: TRLG), once a notorious penny stock, is now a successful company that designs, manufactures and distributes a variety of luxury denim products, including its premium True Religion Brand jeans.
The Vernon-Calif.-based company operates 148 stores in North America and over 30 international stores. Its claim to fame is that it was able to create a product that captured the imaginations of young, financially affluent jean buyers. That along with good management moves has made the stock a superb investment over time.
TRLG share price closed at $31.98 Jan. 16, up 0.16% from its close of $31.95 the previous day.
Find out what could be the best investor’s move when it comes to TRLG by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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