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Gold/Mining/Energy : Virtek Vision - machine vision applications
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To: sPD who wrote (8)6/10/1997 9:03:00 AM
From: Robert van Mil   of 65
 
Dick, although I am impressed with their technical expertise, and they seem to have a very capable CEO now, it should be noted that their ranking in the fastest growing company's is very misleading.
The ranking rates company's over a five year period. Well, 5 years ago these guys were only selling the odd prototype and were otherwise only in the development stage.
Selling effort began for real three years ago, and the first year still stands as the best, with a dissapointing second year , and a good rebound in the last.
If you take the last few quarterly reports things have started to look very good indeed, but taking the 3 year or 5 year view I am not impressed.
Off course, one could easily argue that this could be a good time to buy, as they now seem to be very well positioned to move forward.

All the best, Robert
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