When we send out an alert, the penny stock trades regardless of what it is or does. When we post it on the site, it has a tendency to go insane. Today’s best penny stock to buy is TeleFix Communications Holdings Inc. (OTC: TLFX). Shares in TLFX are set to explode on the open and should wind up as the top gaining penny stock for today and one of the hottest stocks in the morning session.
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TLFX Stock Chart:
Why will TLFX be so hot today? Rob Goldman of Goldman Research just raised their price target on TLFX to $1.75 after Telefix announced yesterday that it signed a LOI to acquire VOM Solutions, LLC, a firm with top tier expertise in key disciplines of telecom services ranging from outside plant, wireless, 4G RAN Roll-outs, and DAS Networks.
The target in the acquisition, VOM Solutions, is filled with management and staff that have over 60 years of telecom services experience specializing in mobile broadband design engineering and implementation, TLFX’s sweet spots. The acquisition of VOM Solutions brings Telefix serious manpower to enable it to complete multiple large-scale projects at the same time.
According to Rob at Goldman Research:
Raising Price Target: In response to this greater positioning, they are reiterating their “Speculative Buy” recommendation and substantially raising their target to $1.75 per share. Once the deal closes, Telefix will be able to win and implement more projects than previously ascertained. Goldman research is leaving their forecasts unchanged, pending further visibility.
Bonus: Investors should be aware that due to Telefix’s capital structure as a woman-owned entity, there are only a few hundred thousand shares in the public float. This bonus makes TLFX a great stock to own.
Bottom Line: You have to get TLFX on your list of penny stocks immediately and see if you can find an entry point. Chances are, with the volume and momentum created by one of the long awaited penny stock picks, this could triple today. Prior penny stock picks went up 429% from $0.85 to $4.50 in 4 days while another went up 233% from $0.75 to over $2.50 in 3 days and stuck at $2.50 for 3 months.
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