$MFGD: Gold Pawn Stars
March 23rd, 2010 at 10:38 am Posted by
Ever see those advertisements telling you to sell your gold jewelry sitting around for cold hard cash? Chances are that commercial was from Money4Gold and you’re gonna want to know about this penny stock.
Money4Gold Holdings, Inc. (OTC: MFGD.OB) operates as a direct-from-consumer reverse logistics company specializing in the procurement of precious metals and stones. $MFGD has removed the middleman from this cash-for-gold operation and capitalized on the 50% increase in gold prices over the past year.
This morning, $MFGD announced big numbers in their Q4 and fiscal year 2009 results, with full year revenues of $29 million, a massive increase of 1857% over 2008 revenues of $1.6 million.
Q4 2009 was the company’s first profitable quarter, with revenues of $19.7 million, a 287% increase from Q3 revenues.
The Dean believes $MFGD has increased market penetration through expansion in the United States and several international markets including Canada and the UK.
The Dean likes $MFGD because the company provides a method for individuals to liquidate and recycle their unused or unwanted jewelry and precious goods and has established relationships with several websites—sobredeoro.com, dollars4gold.ca, mygoldenvelope.com, money4golduk.com, and eurofuergold.de.
The Dean thinks $MFGD is a real pawn star and thinks this stock could be a golden opportunity for his students to make some cash of their own (no mail-in envelope required!).
Last Trade: $0.194 +2.11%
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