SFTY well I missed the first heads up in LIVE, logged in a little late, finally saw a mention, scanned the news... chased it, didn't get any.....read the news, and now wondering what the heck this as yet unseen, and unnamed wonder is.
Two weeks until it's available, and under $500 must be something simple, and easy and quick to manufacture.
Rubber gloves, a mask, and a plastic bag?
Guess I'm not the only one wondering:
biz.yahoo.com
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SFTY 3.18 +2.56
Friday October 19, 6:14 pm Eastern Time
SmartMoney.com - One-Day Wonder
The Safety Dance
By Lawrence Carrel
eSafetyWorld (NASDAQ:SFTY - news)
Share price as of Thursday's close: 62 cents
Share price now: $3.18
Change: 412.9%
Volume: 6.4 million shares, daily average 15,900 shares
Last time this high: June 5, 2000
52-week high: $2.69
52-week low: 35 cents
Forward P/E before announcement: n/a
Forward P/E after announcement: n/a
TWO WEEKS into the American anthrax scare, people continue to be afraid to open their mail — particularly handwritten envelopes with misspelled words. eSafetyWorld (NASDAQ:SFTY - news) says it can change that. The Bohemia, N.Y.-based maker of industrial-safety products announced Friday that it's developed a way to make opening the mail safer. eSafetyWorld claims its new product will protect mailroom employees and ``prevent the spread of anthrax spores or other contaminants into the air after an envelope or package has been opened.'' The new, unnamed product is expected to sell for less than $500 and hit the market in two weeks. Investors rewarded eSafetyWorld's ingenuity by sending shares rocketing 413%.
Be warned, though: This could (we repeat, could) be a case of, shall we say, corporate opportunism. eSafetyWorld's stock has been in freefall since going public at $7 in February 2000, closing Thursday at just 62 cents. More troubling, the company hasn't filed an earnings statement in six months. (It blames the Sept. 11 terrorist attacks, which disrupted its Manhattan-based auditor.) And most troubling, the company's press release offered no other product information — like, for instance, how it works — and company officials did not return calls.
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``This new product, which will be simple to use, will be priced for use in commercial mailrooms and the home,'' said a company press release. |
