August 24, 2004
SpeculatingStocks.com Stock Pick: Secured Digital Applications, Inc. (SDGL)
Stock Price: $0.265 (long-term strong buy)
Secured Digital Applications, Inc. was formerly known as Digital Broadband Networks, Inc. The company and its subsidiaries are involved in the development and integration of shipping and supply chain management service, and sale of biometrics security systems. They are also involved in Web based interactive multimedia content.
The company has had eight consecutive quarters of positive net income including Q2, 2004. For the second quarter of 2004, SDGL reported revenues of $5.165 million, an increase of 33% from the same period 2003. SDGL continues to report strong revenue and appears to be one of the better stocks on the OTC BB.
SDGL has been trending down ever since its high of $0.69 last December. It has been bottoming at this level for a while. We believe once volume picks up for bulletin board stocks, SDGL will become a focus of traders. The company is now in a strong position fundamentally to run up.
SpeculatingStocks.com Target Price: We expect SDGL shares to exceed their 52-week high of $0.69 by the end of the year.