MSEL Message Board - Msg: 15372031

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Microcap & Penny Stocks : MSEL

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To: Glenn Petersen who wrote (1163)	2/18/2001 7:51:52 AM
From: Arthur Tang	Read Replies (1) of 1200

Thank you for the bad news, I don't need to know. Recently, Ingram Micro also revealed that their gross profit had fallen to 4+%. With many changes, they now have 5+% gross margin. Previously, Ingram Micro selling to Tandy had gross margin of 13+%. Techdata had gross margin of 9+%. So, Canadian MSEL is not a long term prospect of a turn around. This leads to the question of ValueAmerica operation, MSEL acquired recently that has a burn rate of $20 million per month. I think we have to say many "heil Mary"s before we will get lucky.

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