Go-video (AMEX:VCR)
VCR has broken out of its "development stage" to produce profitable
financial results for the last year and a half. However, it continues to
be undervalued by the market, and only carries a PE around 10.
Profits from its core business are growing rapidly, and a stream of very
compatable new products appears likely to maintain this growth into
the future.
As the sole marketer of Dual-Deck VCRs, which incorporate patented
proprietary circuitry and software to perform duplicating, dual
recording, editing, and video view switching functions which cannot
be performed by single deck VCRs, the Company occupies a unique
niche in the consumer electronics market. With the rapid growth of
"Home Theaters", demand has risen for a VCR with these capabilities.
In addition, Go-video has successfully reduced the manufacturing cost
of this equipment so that it has been able to position its product line in
price brackets which have greater consumer appeal. Since the
Company manufactures these VCRs in Asia, it can be expected that its
manufacturing costs in US dollars will continue to decline.
This is a Summary of an in-depth Analysis of VCR which can be
found on the Napeague Web Site at napeague.com. I
encourage you to read the entire Analysis as well as the Company's
investor relations information and its reports to the Securities &
Exchange Commission prior to making any decision to invest in this
or any other Company. |
