3 stocks under $1 that should be on your watch list | Motley Fool Australia: "Mobile Embrace Ltd (ASX: MBE) – Last trading at 22 cents per share, Mobile Embrace is a mobile marketing and payments company based in Australia, but it is rapidly expanding into overseas markets. It recently announced its best ever quarter where it more than doubled its revenues compared to the previous corresponding period. Mobile Embrace has acquired a number of businesses over the past 12 months and this has complemented the strong organic growth the company has been able to deliver both domestically and internationally. Importantly for investors, the company is already profitable and encouragingly, the company is forecasting strong growth over the remainder of FY16 with revenues expected to grow at double-digit rates over each quarter. Despite these positives, investors do need to be aware that the company has recently been issued with a $4 million claim against one of its subsidiaries which it will need to defend itself against."
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