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Microcap & Penny Stocks : RSHX/Rockshox- Will it bounce back?

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To: Netnut7 who started this subject8/26/2001 11:09:15 AM
From: Netnut7   of 2
 
Bought more at 45 cents. Tight range of trading in the base looks like we go higher soon. Went to Sports Authority and noticed many of the bikes for sale use Rockshox. Recent articles in Outside Magazine and a Mountain Bike magazine reviewed the rockshox product line with ratings from fair to good. Product recall behind them. Move to Colorado done. Marketcap of just 5.5 million on sales of 69 million and book value of $1.27/shr, ROE is 36% which is fantastic.
biz.yahoo.com
Negatives:For the three months ended 6/30/01, net sales fell 41% to $7.1 million. Net loss rose 33% to $4.3 million. Revenues reflect adverse weather, economic uncertainty and strong U.S. dollar.
In a nutshell: IMHO sales pick up and we trade higher.
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