Been turning this one up in my stock screener lists over the last week or so on differing criteria. Anyway took the plunge this morning and added more after seeing this item from GCI, its derd cheap and should be on at least double that P/E. Well worth a read and please DYOR................

OpSec - STRONG BUY
Companies: OSG
07/11/2006

Growth Company Investor recommendation OpSec the anti-counterfeiting counter backed at 42.5p earlier this year when known as Applied Optical Technologies merits closer investor inspection ahead of forthcoming half time figures to September.

Last year proved a watershed, with the company moving into the black with a 1.7m full year profit scored on 25.4m sales, under the stewardship of chief executive Mark Turnage.

And quite simply, the company continues to go great guns. A recent pre-close update, ahead of the interims, boasted that figures for the year to March would be significantly ahead of forecasts. The European operations have performed strongly, and the interims will show dramatic improvement year-on-year. And though the American operations experienced a slow first quarter, business picked up markedly in the second quarter.

Turnage is clearly delighted with June acquisition GenuOne, bought for 7m in cash, which provides anti-counterfeiting software that allows brand owners to monitor and protect their products and brands across auction sites like eBay. Fundamentally important to the brand protection business, the acquisition has created a unique company able to meet the needs of global brand owners in both the online and supply chain environments.

3dcd, the groups 50-50 joint venture with Technicolor, also had a remarkable first half, with Microsofts imminent software launch having buoyed business. For March 2007, upgraded forecasts suggest pre-tax profits of 3.8m from approaching 31m sales, and earnings of 5.2p, placing the shares on a forward price-to-earnings multiple of 12.1. That is way too low for a cash-rich growth company with global brands on its client list. Buy.

James Crux
Market cap: 33.6m
PE Forecast: 12.1

st - I try to get in to the right thing at the right time. Think Lynch is wrong.

Understood - but I think his point is that quality will out, and since he is one of the "long-term greedy", a la Buffett, his statement makes sense.

The quote I really like, however, is by some American who confounded the pros by making about $15,000 into millions, who said, "I don't buy stocks when they're cheap, and sell when they're expensive. I buy when they're dirt cheap and sell when they're cheap."

I am trying to follow his lead. Wish I knew who it was so I could see if he's published anything.

It is turning out to be a rather unexpectedly nice day today:

OSG Bid: 78p Offer: 81p Change: 3

Keep trying Big Al, it might be the companys software that is detecting you, LOL.

LOL!

Selection is indeed important, but timing the buy/sell on the chart, etc can make a very big difference to your performance.

Agreed.

I also nearly bought a few weeks ago , dam !!!!!

Still cheapish.

Will watch for any pullback I think and might chuck a couple in the SIPP, otherwise I'll class it in the "ones that got away" category.

There have been a few over the years. ;-0

GF has a knack for finding these.

Well done Sir.

OSG Bid: 81p Offer: 85p Change: 2.5

Nice.

Cheers SWW, just luck.

Another good day............. well so far.

From Investors Chronicle...

Tips:
*Buy - Allied Irish Bank (ALBK.L), Morgan Sindall (MGNS.L), TravelZest (TVZ.L) and Opsec Security (OSG.L).
*Sell - Chemring (CHG.L) and Highland Gold (HGM.L).

That's what we like to see :o)

Yup spot on.

GF, was there any mention of a price target or other supporting info?

Didnt buy the mag ST, just copied what you see above.

Off to a blue start.

Okay, GF, no worries -the main thing is that people are clearly taking notice of the tips:

OSG Bid: 86p Offer: 89p Change: 4

Yeaph nice.

Forward P/E of 15.1 and a PEG of 0.3 to end of March 2007. So theres plenty of room for more SP growth here.

Market niche, tech company perhaps 24 or 25 P/E would be reasonable.

Plenty to go in my opinion.