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Link to Lycos Quotes/Message Boards Twice each month at Noon EST on Sunday, Stockprowler will bring you his latest hot stock pick...free on the Web! Stockprowler uses state of the art technology to look under the rocks and find those little stocks with the potential to make the BIG moves. Stockprowler screens NASDAQ, NYSE, AMEX, and OTC Bulletin Board stocks trading around $3 or under. These stocks offer considerable leverage at minimal cost. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Web site. So are you ready? Here's the Stockprowler report for the week of Sunday December 22, 2002: |
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Stockprowler’s pick this week...
With war with Iraq apparently imminent, and gold shooting to over $340 an ounce, we believe that this is a flat out gambler’s market... not a time to be taking long positions in pricey “quality” stocks. And with that foremost in mind, we offer Stockprowler readers the ultimate “roll the dice” speculation at a share price of only 1 hundredth of a cent! And, though this may sound like an absolutely ridiculous choice... it may well be a ground floor opportunity. Read on... Have you ever wondered what becomes of unpaid credit card debt? Consumer debt has reached all time highs, and the recent tightening of laws for filing for bankruptcy protection could be a golden opportunity for companies like Prime Capital Resources, Inc. (OTC: PCRC) that specialize in the collection of bad debt. As the economy begins to turn around, people will want to pay off their debts and clean up their credit to buy cars and houses. Prime Capital Resources through its 7 year old wholly owned subsidiary, Professional Adjustment Systems, specializes in the purchase, collection and management of defaulted consumer debt acquired from major financial institutions including Citicorp, Discover Card, and American General Financial. These acquisitions represent in face value approximately $35 million worth of original debt. Prime Capital Resources typically buys the debt portfolios for 2 or 3 cents on the dollar. PCRC has a seasoned management team combined with experienced debt collection agents and skip tracers to proactively work with debtors to arrange payment on convenient terms. Gerry Schwebel, Operations Manager for Prime Capital Resources, stated, “Prime Capital Resources through our wholly owned subsidiary Professional Adjustment Systems is uniquely situated to substantially expand our debt buying and collections business.We enjoy a solid reputation with many of the largest debt selles in the country. Our performance in collecting these portfolios has truly established PAS as a solid and up and coming player in the industry. The management team is truly excited about the opportubities open to us in this multi-billion dollar business and look forward to significant expansion in the future.” PCRC with only 60 million shares outstanding, and thinly traded, is a very high risk speculation. Price swings are likely to be extremely volatile. Remember you saw it first at Stockprowler.com… Stockprowler.com did not receive compensation of any kind from the company or third parties for writing this report. Readers are urged to read the company SEC filings and do their own due diligence before investing in this or any other stock mentioned on this website.
Happy Holidays... Stockprowler |
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