Is Genius Brands a Millionaire-Maker Stock?
Many investors hope to find a stock that they'll be able to ride from ultra-cheap levels to massive growth. That's one reason why penny stocks can be so tempting to some: After all, if a stock is trading in that under-$5-a-share range, relatively small gains in terms of dollars and cents can amount to large percentage increases. If a penny stock you're invested in delivers results that move it up by several dollars per share, or tens of dollars even, the profits can be life-changing.
That seems to be the outcome some investors are looking for with Genius Brands (NASDAQ: GNUS), a children's media company currently trading for around $1.50 per share. It owns the advertiser-backed video-streaming platform Kartoon Channel! and holds licenses for numerous characters from comic book genius Stan Lee as well as Sonic the Hedgehog, Pac-Man, and others. And it has developed a big following on stock discussion boards.
The company has a habit of churning out breathless press releases hyping its latest deals — but does it really have what it takes to grow into something special for investors?
Source Fool.com
