Stock #1:

WPT Enterprises Inc. (WPTE)

The Texas hold ’em poker craze is alive and well despite a horrible economy and a regulatory environment in the U.S. that prohibits electronic play. You could say that The World Poker Tour, operated by WPT Enterprises Inc. (WPTE) had much to do with fueling the popularity of the game.

The company’s innovative television productions of large dollar cash tournaments have been a staple now for many years. Unfortunately, WPTE has yet to capitalize on its brand. In fact, I recommended shorting this company when shares traded in the teens.

With shares currently languishing at $0.50 a share, now is a great time to buy this penny stock. The main reason for my optimism is that a new way of doing business in Washington that should result in a more favorable legislative environment for WPTE.  If so, online efforts by the company could be very profitable for investors. Buy shares before the change comes.

 

Next: Stock #2 – TriQuint Semiconductor