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These publications are not guaranteed to make you a millionaire if they claim to, avoid them , but the best can be helpful. Not only do they make stock picks, but they keep tabs on them, a crucial point since information on these companies can be difficult to find. Max Bowser, the editor, said he eliminates about 75 percent of the penny universe on the first cut because of "inadequate balance sheets.

He talks with company management, looking at issues such as whether it is in a business that will flourish and expand. Bowser said. Bowser comes up with a new pick each month. Last year, "not a sensational one for microcaps," he admitted, illustrates the promise and pitfalls of penny stocks. A winning pick was Gentner Communications Inc. His biggest disappointment was Itex Corp. To come out ahead, he suggests diversifying among 12 to 18 companies. If the shares never take off, or head south, he tells readers when to sell.

In a more focused approach to penny stocks, the Boston-based Turnaround Letter looks exclusively at once-healthy companies that have fallen on hard times. One of the most positive signs of recovery, he said, is new management coming in. Putnam's top picks right now. On the downside, what looked like a positive recovery from bankruptcy, Hills Department Stores, fell apart last summer.

Putnam said. The group has been taken over by a competitor. Putnam agreed that owning a basket of stocks diminishes risk, but in his opinion, 8 to 10 will suffice. While the United States is clearly the home of penny stocks, Britain also has a thriving sector of small companies, which trade at even lower prices on the Alternative Investment Market, and Ofex, an exchange that deals in unlisted shares.

Two British-based newsletters that follow these companies from different perspectives are the Penny Share Guide and a new arrival, Red-Hot Penny Shares. Shares of small British companies were hammered last year, but Maggie Drummond, editor of the Penny Share Guide, sees better times ahead.

That's good because the big boys are taking an interest. One thing that piques Ms. Drummond's interest in a company is when a well-known investor takes a major stake. One of her tips for , at a minuscule 23 pence, is Carlisle Holdings Ltd. A handful of other companies are coming in The popular online sportsbook will open for business in Indiana sometime next year. Barstool also plans to open retail sportsbooks at both Hollywood Lawrenceburg and Ameristar East Chicago.

That will give the company quite a foothold throughout the state. BSSportsbook pic. Since then, that number has been on the rise, for the most part. The pandemic dealt a huge blow to the sports betting industry.

Without any of the regular betting options available, most gamblers took a few months off. Every sports betting market around the country was dealt the same hand. With college football and NFL betting leading the charge, Indiana racked up three-straight record months from September-November.

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