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Wall Street Grand Report
Company: Conolog Corporation (Nasdaq: CNLG)
Current PPS: $2.11
We have been on the lookout for a new long-term play that is one of the most undervalued large cap stocks we have ever come across. After weeks of research we finally found what we believe to be one of the most undervalued and growing companies on Wall Street. The stock pick we are talking about is Conolog Corp. trading under ticker symbol CNLG on the Nasdaq exchange.
CNLG is currently $2.11 with a market cap of only $6.7 MM. CNLG has a lower market cap then most small cap stocks we come across!
Just this past week, CNLG started to rally right after they announced breaking news making it the biggest Nasdaq gainer of the day. CNLG ran as high as $2.75 for a gain of 90% in just one day! Yes, this Large Cap made a 90% gain in just one day!!! Usually we look for small cap plays that can make these types of gains in such a short amount of time but CNLG is a unique situation that we believe has both the credibility, fundamentals, and growth we look for in long-term large cap play and the short term breakout upside potential we look for in our small cap picks!
CNLG is one of our BIGGEST DISCOVERIES EVER!
After making this significant run up on Wednesday it has retraced to find its support around the current PPS of $2.11. Even at this price we believe CNLG is significantly undervalued and could easily run back up to the recent high and more in the near future.
From my understanding, CNLG only has a float of under 2 MM (CEO told us it was only 1.1 MM!) which makes it a stock that could move fast and furious to the upside! In my opinion, this could truly be an investment opportunity of a lifetime.
CNLG is a provider of digital signal processing and digital security solutions to electric utilities worldwide. The Company designs and manufactures electromagnetic products to the military and provides engineering and design services to a variety of industries, government organizations and public utilities nationwide! The Company’s INIVEN division manufactures a line of digital signal processing systems, including transmitters, receivers and multiplexers. CNLG‘s design expertise was expanded to commercial applications for even AT&T, Dow Jones and other wire services as well as Utilities and DOTs (Departments of Transportation)!
CNLG is a very established company set for major growth and has been around since 1969! Conolog products were incorporated into the military’s VRC, PRC and GRC family of radios, the Mark series of torpedoes, Captor Torpedo, and guidance for the Patriot missile! CNLG is working with some of the military’s most sophisticated systems!
In 1980 CNLG acquired INIVEN, an electronics manufacturer making FSK (frequency shift keyed) audio communications equipment. Under Conolog, Iniven was expanded to include DSP (Digital Signal Processing) controlled FSK transmission protection communications for electric utilities and other products. Iniven continues to enhance and add to its product line to include the latest technology. Here’s a link to CNLG‘s Income Statement- http://finance.yahoo.com/q/is?s=CNLG&annual Balance Sheet-
href="http://click.icptrack.com/icp/relay.php?r=1064569719&msgid=31153353&act=ZQHC&c=99300&destination=http%3A%2F%2Ffinance.yahoo.com%2Fq%2Fbs%3Fs%3DCNLG">http://finance.yahoo.com/q/bs?s=CNLG
CNLG is starting to hit the news in a big way and everyone on Wall Street is taking notice. I expect Monday to be another big day so make sure you start your research this weekend.
More Updates on CNLG To Come …
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