2 Penny Stocks That Could Have Made You Rich: Concur Technologies, Inc. (NASDAQGS: CNQR), General Growth Properties (NYSE: GGP)


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NASDAQ:CNQR / NYSE:GGP
01/21/2014 [ACCESSWIRE]

Although many investors scoff at penny stocks, writing them off as scams or wannabes, some of these equities do soar from their humble beginnings to yield their early investors stellar returns.

Here are two such rags-to-riches penny stocks:

During the tech bubble of 1999, Concur Technologies, Inc. (NASDAQGS: CNQR), with a 52-week high of $114.32, crashed along with the market when its share price hit a bottom on Mar. 30, 2001 of 31 cents.

Since those misery days, the Bellevue, Wash provider of cloud-based travel-and-expense management solutions has racked up a 34,000 % gain from its all-time low. It’s done so because it has created and continued to improve a quality service that is needed by businesses large and small. It has also done so because of the quality of its core management and sales force. Even when it was a penny stock, Concur’s basic value proposition was there. Some analysts suggest  that before investing in such penny stocks made good like Concur, investors should carefully evaluate the essence and quality of a company’s offerings more so than the ever-changing market conditions.

Results speak loudly

In 2003, the company reported it had about 4,000 clients using its travel-and-expense management services that generated nearly $1 billion annual revenue. In a recent interview, Concur’s chief executive officer Rajeev Singh said the company is expanding its services to the consumer market. This is one of the subjects that will be discussed during the company’s   upcoming fiscal 2014 first quarter earnings Webcast scheduled for Jan. 29, 2014 beginning at 2:00 p.m. PT.

On Jan. 17, CNQR’s share price closed at $111.61, up 5 cents from its closing price of $111.56 the previous day.

 Find out what could be the best investor’s move when it comes to CNQR by getting the complete report here, or by cutting and pasting the following link in your Web browser:

http://www.sixfigurestockpicks.com/

 

Survival equals adaptation

Another one-time penny stock, General Growth Properties (NYSE: GGP), is also a company that has always had a strong value proposition and one that is known for adapting to changing market trends.

During the real-estate boom of the 1990s and early 2000s, the Chicago-based developer and manager of prime retail space, saw its stock skyrocket to $64.00 a share in March 2007. But when the bottom fell out of the real estate market, General Growth Properties was forced to file bankruptcy and its stock price cratered to 59 cents a share on Feb. 27, 2009. Since then, the stock has recovered nicely and is selling in the $20 range, yielding a 3,375 % return for those buying in at its penny-stock low.

Today, the company is taking measures to help its tenants adapt to the brutal competition from online retailers such as Amazon (NASDAQ: AMZN) that are killing many brick-and-mortar retailers with low prices and fast delivery.

When Amazon CEO Jeff Bezos announced his plans on CBS’ 60 Minutes to set up a same-day delivery system using drones, most retailers shuttered. Instead, General Growth Properties joined three of its real estate development rivals and created a company called Deliv

Deliv will manage on-demand drivers to deliver products to retailers’ customers the same day. The new company also enables customers the option to select same-day delivery on a retailers’ web-based check-out screen. The new same-day delivery system is to be rolled out in 660 malls throughout the United States.

On Jan. 17, GGP’s share price closed at $20.41, down 11 cents from its closing price of $20.52 the previous day.

Find out what could be the best investor’s move when it comes to GGP by getting the complete report here, or by cutting and pasting the following link in your Web browser:

http://www.sixfigurestockpicks.com/

 

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