Anteo Diagnostics is another business without earnings of note but making cool stuff that a large industry could adopt. Unfortunately Anteo fails Lynch’s crayon test as I can’t illustrate what they do with a crayon.

Peter’s Principle #3:
Never invest in any idea you can’t illustrate with a crayon.

Catch the Wind (CTW.CA) is without a doubt my worst loss ever. It’s the last stock I want to think about and for that reason it is the stock that I’m forcing myself to review today. I wish I’d taken my own advice to follow Peter Lynch’s advice to wait until they turn a profit to invest. Those elusive earnings seem as far away today as they did when I first wrote about Catch The Wind a year ago.

Minara Resources is a $1B leveraged play on nickel prices and therefore stainless steel production.
Minara’s main resource the Western Australian Murrin Murrin nickel/cobalt laterite deposits have a 30 year mine life. They’re looking for growth opportunities. Large capital return in 2010, $111M (9.5cents/share). Strong balance sheet with cash on hand $225M as of Dec 31. Earnings and cash flow positive.

Po Valley Energy (PVE.AX) remains speculative, but with their Sillaro well now at stable production and Castello scheduled to re-start production in Q3 2011, they have the cash flow to continue their exploration and development. It is worth noting that the Castello re-start has slipped back a quarter. This missing of targeted dates is business as usual at Po Valley. I’d prefer management either adopted conservative estimates or the ability to deliver on time.

Universal Biosensors (ASX:UBI) is hoping to crack the tough $10B glucose testing market via a partnership with J&J’s LifeScan. UBI’s main product the One Touch Verio is the most accurate glucose self testing meter currently available. The One Touch Verio is currently only available in the Netherlands (launched Jan 2010) and Australia (Sept 2010), though J&J are planning on launching in the US in 2011.

UBI is yet to obtain profitability and is dependent on J&J sales and marketing in a very crowded and competitive landscape. While the One Touch Verio is currently the most …

In the next seven months Telstra will cough up 28cents dividend, that’s 40cents pre-tax. Over such a short time frame a valuation makes little sense as the voting machine will determine the price. However what this chart shows is that at the current price of $2.80 Telstra presents an excellent short term opportunity with an attractive risk/return profile.

Value guys have been all over Biota for a few years now, in that time the shorter time-framed technicians and mo-mo players have been in and out. Now with the 50 DMA crossing over the 100DMA  Biota appears to be breaking out of a six month consolidation channel. RSI approaching 80. All backed by a good fundamental story with multiple possible near catalysts within the year. More soon. Long Biota.

It appears Biota also caught the eye of the Australian Securities Exchange. Here is Biota’s response to an ASX speeding ticket. Nothing to …

The Reject Shop stumbled today, tripped by a drop in traffic and spending. The Reject Shop Fell 21% on the profit downgrade, with 1.9M shares changing hands, around 20 time its normal trade.

Sectors in my portfolio and predictions.

Po Valley consistently over-promise and under-deliver, how safe are their cash flows?