Taking votes on whether or not I should buy shares in KDKN?

Question

Please check it out and tell me what you think?

Answer 1

The company went bankrupt in 2003 and according to http://moneycentral.msn.com/companyreport?Symbol=KDKN "Company emerged from bankruptcy pursuant to a Bankruptcy Court Order entered, on April 7, 2004, with no remaining assets or liabilities"

I vote No.

Answer 2

It's a bit dodgy looking at a glance. It might do ok in the immediate term - it could be trying to piggyback its valuation on the rise in energy prices.

It has attracted no major institutional cash - it looks like it might be just a shell company. Remember Regal Petroleum - I would not buy. (Mind you I looked at it for 10 seconds)

The stock price performance graph was too predictable for a stock like this - most real stocks have a rocky ride in the real world - they rarely have a steady logical upward movement. You only recognise this with hindsight usually.

You've got to look more closely at the essentials of the business and the team running it - is it likely to be profitable from first principles analysis ? More importantly has it been so in the past ? If it is promising a bumper pay day for a business case it is reluctant to explain then don't waste money on it.

Answer 3

I vote no. Took a look at info on company. Too many unknowns. On a risk scale of 1-10 with 10 being the highest....this is at least a "11". Thinking you'd be better off taking your money and going to a local casino and playing the slot machines. But if you have some mad money you want to invest that you won't mind loosing, suggest you put in on a watch list and look for developments for future consideration. Good luck.