December 28, 2005
SpeculatingStocks.com Stock Pick: Ocean West Holding Corp. (OWHC)
Stock Price: $2.00 (long-term strong buy)
Ocean West Holding Corp. operates AskMeNow.com, a wholly owned subsidiary with a groundbreaking mobile lifestyle network for any mobile telephone or wireless handheld. AskMeNow is the easiest way to get virtually all the information found on the Internet from your cell phone.
OWHC is a similar company to Answers.com, both operate answer engines. For the latest quarter, the company reported revenue of $753,000 and a net loss of $985,000. Aside from the poor financials at the stime, AskMeNow has strong potential like Answers.com.
OWHC exceeded $5.50 in early October and sank to the $2.00 level before recovering to $2.75. OWHC is now back down to support at $2.00. At one point, OWHC was a seven cent stock. OWHC has a market cap of only $51.47 million. ANSW has a market cap of $82.85 million, while OWHC is generating greater revenue.
SpeculatingStocks.com Target Price: We expect OWHC to reach $3.50 within the next 2-4 months.