We launched Buy on Pullback Portfolio #13 near the end of the day on Friday.

Recognizing that markets often overreact, we’ve carefully handpicked a basket of 8 microcap stocks that have gotten beaten up over the last few weeks, some declining to prices that we thought we would not see again. Four stocks are trading at P/Es of ~10x on run-rate EPS. We might be early and a little off on our timing, but we did not want to get greedy at prices that we see as being considerably reasonable.