5 Best Penny Stocks To Own For 2014

 When I first heard hedge-fund manager Bill Ackman was trying to raise $1 billion to purchase a single, unnamed stock... my first thought was: "Why not? It worked out so well the first time."   In mid-2007, months before the subprime bubble burst, Ackman raised $2 billion to buy another unnamed company... It turned out to be big-box retailer Target. And the fund subsequently fell 90%.    It's ridiculous... It's a sign of the top. I wouldn't have given Ackman a penny for this fund. But I was in the minority... He raised more money than he could spend, he said.    Before discussing Ackman's specific investment, I'd like to tell you something I find very interesting about Ackman...

5 Best Penny Stocks To Own For 2014: China Valves Technology Inc.(CVVT)

China Valves Technology, Inc., through its subsidiaries, engages in developing, manufacturing, and selling low, medium, and high-pressure metal valves for customers in the electricity, petroleum, chemical, water, gas, nuclear power station, and metal industries in China. The company?s product categories include high pressure and high temperature valves for power station units; valves for long distance petroleum and gas pipelines, and sewage; special valves for chemical lines; and large valves for water supply pipe networks. Its products comprise gate, globe, check, throttle, butterfly, ball, safety, water pressure test, vacuum, and extraction check valves. The company markets its products through regional agents and distributors. China Valves Technology, Inc. has a strategic cooperation frame agreement with Dongfang Electric Corporation for the development of high-end valves. The company was founded in 2007 and is headquartered in Kaifeng, the People's Republic of China.

5 Best Penny Stocks To Own For 2014: Bidz.com Inc.(BIDZ)

Bidz.com, Inc. operates as an online retailer of jewelry in the United States and internationally. The company operates a Web Site, bidz.com for the purpose of selling merchandise utilizing an online sales auction platform; and a fixed price online store at buyz.com. It also operates modnique.com for online retailing of designer products and consumer goods through a sale event concept. The company?s product inventory includes gold, platinum, and silver jewelry sets with diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones; and a selection of jewelry, including rings, necklaces, earrings, bracelets, jewelry sets, watches, accessories, and brand name merchandises. It also acts as an agent in the sale of certified merchant merchandise owned by third parties; and provides advertising services. The company was founded in 1998 and is headquartered in Culver City, California.

Top 5 High Tech Companies To Watch In Right Now: Overhill Farms Inc.(OFI)

Overhill Farms, Inc. manufactures prepared frozen food products for branded retail, private label, foodservice, and airline customers. Its product line includes entrees, plated meals, bulk-packed meal components, pastas, soups, sauces, poultry, meat and fish specialties, and organic and vegetarian offerings. The company markets its products through its internal sales force, as well as through outside food brokers. Overhill Farms, Inc. was founded in 1968 and is headquartered in Vernon, California.

5 Best Penny Stocks To Own For 2014: Alpha and Omega Semiconductor Limited(AOSL)

Alpha and Omega Semiconductor Limited engages in the design, development, and supply of a range of power semiconductors worldwide. The company offers power discrete product line comprising trench MOSFETs, electrostatic discharge, protected MOSFETs, and SRFETs; and power ICs. Its products are used in notebooks, netbooks, flat panel displays, mobile phone battery packs, set-top boxes, portable media players, and power supplies. The company sells its products to distributors. Alpha and Omega Semiconductor Limited is based in Hamilton, Bermuda.

5 Best Penny Stocks To Own For 2014: Summit State Bank(SSBI)

Summit State Bank operates as a community bank in Sonoma, Napa, San Francisco, and Marin Counties in California. It offers deposit accounts, such as transaction accounts, money market accounts, savings accounts, time deposit accounts, business checking accounts, time certificates of deposit, sweep accounts, and specialized deposit accounts, including professional, small business packaged, and tiered accounts for larger deposits, and Keogh and IRA accounts. The company also provides commercial and industrial lines of credit and term loans, credit lines to individuals, equipment loans, real estate and construction loans, small business loans, and business lines of credit; consumer loans, including auto loans, mortgage loans, home improvement loans, and home equity lines of credit; and loans for accounts receivable and inventory financing, loans to agriculture-related businesses, and equipment and expansion financing programs. In addition, it offers banking by appointment, on line and telephone banking services, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier services, safe deposit boxes, night depository facilities, notary services, travelers? checks, lockbox, and banking by mail. Further, the company, through its subsidiary, Alto Service Corporation, provides deed of trust services. It serves small-to medium-sized businesses, professionals and professional associations, entrepreneurs, high net worth families, foundations, estates, and individual consumers. The company operated five offices in Santa Rosa, Petaluma, Rohnert Park, and Healdsburg. Summit State Bank was founded in 1982 and is headquartered in Santa Rosa, California.