Intl. Absorbents (IABS, formerly IABSF) Message Board

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Microcap & Penny Stocks : Intl. Absorbents (IABS, formerly IABSF)

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To: arizona_ice_tea who wrote (59)	4/16/1997 11:06:00 PM
From: Russel W. Kennel	of 206

Michael: I was wondering that myself. Not sure whether I hope it stays at current levels until I can afford to buy more, or hope it takes off now, and leave well enough alone. Lawrence's net of 2 cents translates into $5 net profit per ton. I wonder what the gross selling price per ton is. Maybe this is just a number out of the air, but if they keep moving along like this, picking up more volume deals, they could get up to maybe around $50 Mil annual sales and a $4 price in a couple or three years. This company feels good to me, like a good solid low tech growth stock emerging and carving a niche with a unique product in a relatively huge marketplace. Nothing explosive like the computer ones. One that you could buy all you can, and forget it for a while. This is just a feeling I get from reading all the news and talking to Chuck Tait in the investor relations department. Hoping reality is as good as the news reports they have published, and that my gut is telling me the truth. Russ

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