One of the cheapest but steady stocks, Support.com (NASDAQ: SPRT) today announced financial results for the second quarter of 2020. The management informed late after the market closed via AccessWire. Otherwise, SPRT would gain significant points as many investors see it as a golden egg for their portfolio because of its positive EPS (12 months based).
As compared to 2019’s Q2 net income of $0.7 million, or $0.03 per share, Q2 2020 net income was $0.6 million or $0.03 per share. However, the previous 2020’s quarter shows $0.4 million, or $0.02 per share. This change increases the wealth of shareholders by $0.01 per share. Imagine one has 1 million shares and his earnings equal to $10,000.
There are a few penny stocks with positive EPS and healthy balance sheets. The right time to jump onto the SPRT bandwagon might be today.