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Microcap & Penny Stocks : Vanguard Airlines (VNGD)

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To: scott bradley who wrote (1)1/18/1997 3:52:00 PM
From: Chris Singer   of 38
 
I think the reason it fell back below 3 is because of profit taking by those who purchased it at 1.437. I haven't found any information of their expected earnings this last quarter. I did see something about their load factors going up. In the Forbes article it also said John Tague the new CEO had pulled Vanguard out of Salt Lake City, Phoenix, Seattle, and Cincinnati and is adding Atlanta, Chicago, Las Vegas, Orlando, Fort Myers, Tampa, and Miami. Forbes also says the new ad campaign is supposed to tout Kansas City as an ideal hub for Midwest travel.

I am thinking of taking a small position just based on the new CEO's track record and direction. I think this could be a possible 4X but I wish I could find some past financials and news.

What do you think?

Chris
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