PPJ Enterprise (OTCMKTS:PPJE) Pushed Ahead by Stock Mister, Hot Penny Picks Emails
PPJ Enterprise (OTCMKTS:PPJE) is a double-zero ticker that may be starting the shortened trading week with a bang, especially with a new email landing in the weekend. PPJE grew somehow weakly to $0.005, on dollar volumes above $403,000, near record as the promotions lifted this stock out of its slumber. We have not covered PPJE since 2010, and it is time to reassess its risk profile, given its new prominence. 
A previously slimly traded ticker, PPJE started its attempt at short-term prominence at the end of last year, with several press releases. Parallel to this, several pumpers, among them Stock Mister, took up the selection in either paid or free selections. Hot Penny Picks mentioned PPJE for free in a January 20th email, probably to improve its record on the back of a general rise. As with most double-zero tickers, PPJE promises fast gains- and threatens with significant cuts.
PPJE claims to be a healthcare financing company that plans to fund its growing subsidiaries. The specific activity of PPJE is to create healthcare coordination software, for which the company claims to have received an offer for $1 million in debt financing.
Unfortunately, PPJE is delaying its timely financing, and the latest reports are dated back to 2008- so buying this ticker is an absolute cat in a bag. PPJE has been at the penny levels, only to slide from them significantly. Now the campaign promises short-term upward potential, but if the past is a lesson, underpriced tickers quickly eat up the campaign and return to their rock-bottom levels without a significant trend.
PPJE claims revenues of $918,000 in 2011 and a net income of $242,000. Also, current assets are above $5 million, significantly higher than current liabilities of about $3 million. In this, PPJE is the rare pink sheet that is also a cash cow business. This is not unusual, as companies offering online services may quickly serve up a product and gain revenues without exhausting themselves with years in development.
But PPJE is also at a risk for stagnant trading volumes, which is the norm outside paid promotions.
Another mover at these levels is Latteno Foods Corp. (OTCMKTS:LATF), a recent seller of medical marijuana products tailored into food items. LATF is still keeping its head above the water, not sinking toward the triple-zero levels, standing at $0.0011.
If you are fond of this price range, there are always companies at this price that enjoy at least temporary attention. But estimate your risk tolerance well, and avoid getting caught in useless holdings as both enthusiasm and volumes dry up.
