Here's a recent IPO based in Florida with an interesting business
plan. It figures Brazil's market for computers will grow 30%/yr
and is committed to being THE supplier to Brazil.
"Vitech America, Inc. is a US-based manufacturer and distributor
of personal computers, business systems integration and network
equipment, and related products. The company is focusing its
operations on Brazil, a market experiencing explosive growth for
technology oriented products. In the PC sector, the core business
for Vitech, analysts project an annual growth rate for the
Brazilian market of approximately 30% for the next eight to ten
years. Vitech has established its own brand name products and
distribution network to take advantage of the positive
demographic and economic climate that is stimulating PC
demand."
Check out recent news: vitech.net
(includes most recent report)
Check out the home page: vitech.net
Check out MarketGuide's report: oops, MarketGuide doesn't have a
snapshot. Neither does StockSmart. This one is rather undiscovered.
It moved up recently on good volume but now is retracing down back
near 11 on light volume. Let's get a good discussion going. This
is something of a family-owned business and there may be some issues
that haven't quite come out of the woodwork
Michael Burry |
