Rick’s Cabaret (RICK): Buy
Business: Strip club operator
Shares out(mm):        8.15
Stock Price:              15.65
Mkt Cap (mm):       $127.6
Rationale:
Hopefully sex sells.  Rick’s is an upscale strip club and Internet adult website operator.  Company projects earnings of $1.25-130 for 2008 and $1.55-1.60 for 2009.  At current prices that’s a PE of [...]

American Caresource (XSI): Strong Buy
Business: ancilliary care benefits management. Provide network of ancillary care services (e.g. surgery centers, free-standing diagnostic imaging centers, home health and infusion, etc) to HMOs and PPOs.
Shares out(mm): 14.7
Stock Price: 3.83
Mkt Cap (mm): [...]

Absolute Software (ALSWF): Strong Buy
Business: Lo-Jack for Laptops laptop security and recovery product
Shares out(mm):         47
Stock Price:             11.09
Mkt Cap (mm):       $521
Rationale:
This is a high-growth company with a recognized product, protection from competition (patents and network effects), and hard to understand accounting.
LoJack for Laptops is a [...]

Sinoengery Corp (SNEN.OB):  Strong Buy
Business: manufactures compress natural gas (CNG) vehicle/ gas station equipment and designs, develops and operates CNG filling stations in China
Shares out(mm):         28.9     (23.9 reported in 2Q10Q and est’d 5 from Abax deal)
Mkt Cap (mm):         $123      ($4.25/share on 10/16/07)
Highlights:
- expects to have 30 CNG stations in 2008 [...]

China Natural Gas (CHNG.OB): Buy/Hold
Business: end user delivery of natural gas services to residential, commercial and industrial customers; wholesale natural gas to retail natural gas filling stations; and retail natural gas at company-owned natural gas filling stations mainly in Xian province.
Shares out(mm): 29.5 [...]

Industry: mining – precious metals
Rating: buy
Notes:
- bjorkdal mine in sweden
- target 75K oz gold per year by 2008 (37.5mm@500/oz, 52.5@700/oz)
- $5mm in cash €“ no debt
- 79mm share out
- sold 12mm units at $0.56 w/ 1 share, ½ wt at 1.00 per unit early 2007
- research
- latest quarterly
- assuming 75mm prod, net 300/oz, discount 0.1 [...]

Summary:
Got pummelled for another 1.6% today. Five straight loss have taken me down about 4.5% from my peak on June 19th. Not life threatening but it is causing me concern. I sold JAGNF today as I have less confidence in gold than industrial metals. I reduced some MLKKF as I [...]