TO All: KONLIN LETTER REPORTS ON FONAR; A BUY Recomendation went out to Konlin subscribers on FONAR Corp. (FONR) price $3 ask. The CHEAP INVESTOR News Letter's last BUY Recomendation on FONR was at $2.25 in Feburary 97, where investors could have bought all the FONR they wanted. See fonar.com
I believe I am correct, but not sure, that KONLIN thought it was a JOKE that little Fonar would go after General Electric Co., and NOW KONLIN puts a BUY recomendation on FONR with a TARGET OF $9 TO $10. Bill Mathews has been recomending FONR for years, even as low as $1.25 that I know of.
FONR has beaten General Electric ALL the way to the Supream Court and FULLY expects the Supream Court to give GE a denial of appeal by October 6th (only days away) possiably by September 29th. GE has already paid FONR $128.7 Million, and GE still does NOT have LICENSING & ROYALITY Agreements with FONR, which is beleived to be going to cost GE MUCH, MUCH MORE than $128.7 Million.
FONR has also been successful in defending their patent rights against Hitachi, Philips, & Siemens.
KONLIN says this, " FONR is going to recive an infusion of cash and should begain reciving royalities from its competion who wish to continue to use its Multi-Angle Oblique Technoolgy which is highly regarded as the industry standard."
Going on KONLIN says," The company maintains a healthy balance sheet which will become stronger quarter by quarter due to royalities and one-time cash infusions. Trading on top long-term solid support in the 2 1/2 area, the stock was recomended by us last month and is on the verge of breaking out to its 1st objective up to the 5-6 area.
As a rusult of its new products and ongoing research and development, FONR has positioned itself to dramatically increase sales and improve its competivive position in the market place. FONR is truly the leading pioneer in MRI technology and stands on the threshold of dramatic global growth. Buy for an ultimate target up to into the 9-10 area."
Well, I believe KONLIN now has a grasp on which way FONR is headed, UP, Up, UP. I personally believe his target is about HALF right and I don't mean $5, I believe FONR to TRULY be one of those Bill Mathews HUGE WINNERS. When I find the time I am going to compile a list of The Cheap Investors HUGE WINNERS for you folks and post it here.
While you wait for that, why not consider being IN on one of those HUGE WINNERS and consider FONR, that is MY opinion, for a Blue Cheap Investment. |
