Man, what's up with this. Another genius analyst downgrades the stock when it's a 1/4.
Why would they pay money to issue a PR? What's your opinion Gator?
:)
IC
Investrend Announces Investment Opinion on M&A West Inc.
Investrend Today Continued Quarterly Research Coverage of M&A West Inc. by Gary Clark, PhD., CFA with a Sell Recommendation
NEW YORK--(BUSINESS WIRE)--Feb. 22, 2001-- Analyst coverage for M&A West Inc. (OTCBB: MAWI - news) continued by Gary Clark, PhD, CFA, for Investrend's Public Analysis & Review (PAR), with a SELL recommendation. The report is available at Investrend's site, www.investrend.com, as well as from other leading investment portals.
Mr. Clark in his analysis notes:
Essentially, M&A West has ceased effective operations and moved to Liberty, Texas. Prior management resigned, the auditors withdrew their opinion, and the firm is involved in securities litigation. Management does not seem to be pursuing their prior activities and projects. The Company has experienced a major drop in revenue, and dramatic declines in the market value of its securities holdings. Total assets have declined about $25 million to $4 million since May 2000, and most of this is due to the decline in quoted market value of securities held.
Efforts to realize value from the firm's various interests do not seem to be continuing. At this point, MAWI is a mere shell of its former self, and perhaps a future vehicle for a reverse merger in the penny stock domain.
Gary N. Clark, principal in Clark Asset Management & Associates, Inc., holds a PhD in Economics from the University of Oklahoma, is a Chartered Financial Analyst, and has passed the NASD Series 2, 6, 7, 24, 63 and 67 exams. An accomplished author of numerous economic treatises as well as lecturer at several colleges in the Los Angeles area, Clark has headed his own firm for the past ten years.
Public Analysis & Review (PAR) is a program of Investrend Research. Anyone, including a company, may enroll a company for annual analyst coverage. PAR reports are performed on behalf of the public, and are not a service to any company. PAR analysts are responsible only to the public. PAR analysts are paid in advance to eliminate pecuniary interests and insure independence. PAR enrollment fees are $19,700 per annum. Investrend Research is a division of Investrend Communications, Inc.
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Contact:
M & A West, Inc., Liberty, Texas
Mr. Patrick Greene, President
936/336-6700
or
Investrend Communications, Inc., Los Angeles
Investrend Research Div.
John M. Dutton, President and Supervisory Analyst
213/929-2616
jmdutton@mediaone.com |
