SACO SmartVision (TSE/SSV) Message Board

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Technology Stocks : SACO SmartVision (TSE/SSV)

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To: Veritas who wrote (6)	5/1/2000 8:38:00 AM
From: Francois Lavoie	of 16

Hi Veritas, I bought my shares when this company was named Teknor in Mars 1998. Big Story, but the name changed to Saco. I sold all my shares at 6.80$ in January 2000 (I was very lucky on this), but I might come back at these prices. If I'd know someone would actually look at this thread, I would have given you my feedback before you bought... always better to make an informed decision. Anyway, don't feel bad, this company can have a significant upside. Reasons to sell and Reasons to buy: I sold because of: - The company is very slow to release their numbers. I was used to get numbers less than a month after the end of a Quarter but this company is using the maximum time permitted. I e-mailed Investors relations and got no response. BTW, the website is smartvision.com - Lawsuit from an old distributor - At that time, I had a better place to park my money (SGEM:CDN) -Strange announcement from Michel Gareau, one of the biggest shareholders at the time. (don't know now). He sold some or all of his shares to a Netherlands guy. Reasons to sell after I sold (Jan 2000): - They lost OR dismissed their CFO. They're not saying. - Disappointing results for Y1999 and Q1 2000: Sales are increasing but SG&A is increasing faster and margins decreased significantly. Reasons to buy now: - The Nasdaq screen is a VERY good marketing tool. - The price is at its 52 week low. - The lawsuit "might" come to an end. - Sales "could" be ramping. With all those "IF", I will wait a bit. Looking forward for your comments... I wonder about P/S ratios at these prices... I'll be checking that. Thanks for coming !

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