Searching for Great Penny Stock Companies To Invest In

By: Brent Crouch
While some people may be wringing their hands over the current state of the stock market, established market players are viewing this as a once in a lifetime opportunity to turn penny stocks into amazing investments. The trick, of course, is searching for the penny stock that has the most potential to grow into the next major blue chip sensation. Here are some great penny stocks to watch over the next few months and years.

If you are a fan of comedy, you’ve likely heard of National Lampoon, INC (NLN on the AMEX). They have recently signed a brand new distribution deal that is sure to see revenues rise significantly in the near future. This penny stock has a bit of an advantage over the average investment because National Lampoon is a name most people know. In times of economic hardships, people turn to comedy in droves as a way to feel good about themselves, so this penny stock appears to be a wise investment all the way around.

National Lampoon Inc. is also looking at an expansion of their various cable networks to additional operators nationwide which could also help boost this penny stock’s name recognition, and bottom line, even further.

On a completely different front, renewable, affordable green energy has been quite the buzzphrase during this election season, so it makes sense for companies that ply their trade in this area for investment in the coming months. One such company, Green Star Alternative Energy (GSAE) appears ready to breakthrough the clutter of green companies and become a blue chip stock investors will love for decades to come. With wind farm development and other important research that is likely going to be in high demand over the coming decades, this is a penny stock that is ready to take off like no other.

If you are looking for an investment that has survived economic downturns for millennia, look to gold. Yamana Gold (AUY on the NYSE) has one of the best cap numbers on Wall Street, and even though recent projections had to be slightly adjusted, investing in gold and mining companies are often considered stalwarts, no matter what the rest of the economic world is doing. You may not end up a millionaire investing in a penny stock like Yamana Gold, but you will likely turn a tidy profit in an industry that remains strong year in and year out.

Many people may balk at the idea of buying airline stock when you consider the roller coaster price of fuel in recent months, but until a viable alternative to flying makes its way onto the radar, people all over the world will continue to hop on planes to get from place to place. The best performing airline stock in recent months has been United (UAL on the NASDAQ) and with its share price under $7, it is considered a penny stock. Remember, the mantra of investing is to buy low and sell high, and United is likely going to take off over the next few years, especially if gas prices stabilize where they are now.


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