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Microcap & Penny Stocks : VTC - Vitronics

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To: Khris Vogel who wrote (63)7/23/1997 5:14:00 AM
From: Mark   of 85
 
I can't say I blame you for getting out !

Whilst VTC have undoubtedly been victims of an industry slow down, I
don't get the feeling that's the only reason for a lacklustre
performance.

At $13/16, the company is looking like good value, but I have no
confidence whatsoever that there is going to be any improvement in this
for a while.

In contrast I also invest in BTUI, who seem to be getting things
together quite nicely. If I compare the annual reports of the two
then there is no doubt which of the companies seems to have the ideas
and where the confidence is.

As I have said on this thread earlier, I don't have a problem with
companies that "plod" - i.e. that are conservative enough to not make
losses when things get bad - and nobody should be investing in oven
manufacturers if they are looking for thrills ! However, the world is
changing, and even oven vendors need a certain amount of confidence
and gloss. I'm afraid that VTC at the moment is looking (to the
outside world) like a coma case. They've had a great reputation
in the industry, but at the moment may be blowing it. They seem
to be lacking in innovation, and appear to be behaving far too
conservatively for anyone's good.

I guess we'll know a little more in about a week's time.
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