Punch Media, Inc. (OTC:PNCH) Still Climbs Cautiously
If you are looking for something on TV, look no further than Punch Media, Inc. (OTC:PNCH), a penny stock making a stable trend, doubling its value in the past week. The one-cent ticker reportedly represents a fast-growing cable programming provider with a promising agenda. The stock added more than 36% on Tuesday to $0.0014. 
PNCH has crashed down from a high of 65 cents, and in the past two years slid from 25 cents to a penny, threatening to slide below that. March revived the stock as several SEC filings may have spiked interest. Here is what the TV producer holds in its financial files: 
- $5.2 million cash
- $40 million borrowed funds
- $3 million net income
The company is still in a relatively early stage of unrolling programming, so its future profitability may be uncertain. Also, at one penny, the stock is still cheap and volatile enough, so the following days will show if PNCH will deliver a true punch or will slide back. To the company’s credit, its stock has not been mentioned in a paid promotion and the only disproportionate noise and exposure comes from financial filings appearing on well-read news websites, and the occasional press release.
The past year was extremely successful for PNCH, as the company reached 55 million US households through 35 partner channels. It seems the 2500% reported business growth happened so fast that PNC still posts its old website on the OTC site, where it offered financial services as a banking and investment adviser in the 90s and early 2000’s.
The current trend on PNCH still appears relatively small in the longer-term picture, and it is best to decide for yourself if you could risk a correction. Historically, this stock has had long periods of low activity and a sideways drift. PNCH may warrant attention in the next few days, as any piece of upcoming news may add to the already significant interest.
Still, for now PNCH seems more solid than other small-cap tickers, which start with greater promises and no actual production. A would-be movie giant, Gunther Grant, Inc. (OTC:GNGR) rose significantly on paid promotions but moved down 70% in the last few months, wiping out the gains on days of near-record selling.
