Folks, this has been a wild ride this month! This stock was up 81% in 1998 so far and has corrected in the last two days to be up only 63%! Still not a bad performance since no one has any firm idea why this stock has moved up in the first place... There is, however, a wealth of speculation out there which basically boils down to the notion that 1998 might just be Luxor's year. According to a letter written by Bill Ghormley, Luxor's new consultant, Luxor has new distributors, an East Coast assembly plant agreement, and, of course, a new consultant. I would not be surprised to hear that this is but a fraction of what is really going on. Talking to shareholders old and new, I hear that there has been mention of some big industry names (home builders and building material manufacturers) which are taking a real interest in the IBS 2000. The product works and it seems that its advantages can no longer be ignored by the market.
Casual and prospective shareholders: I urge you NOT to call the company for information on what is going on. You probably won't get the information you need to make an investment decision and, what's worse, you may actually end up talking to their IR department which in itself is a cure to buying this stock. The information you need to make that BUY decision is out since years and readily available on their website. The IBS 2000 is a unique product which has no competition in all of North America. The product is patented in the US and Canada and has received the seal of approval from ALL building code authorities in both countries. No other building product has achieved that status! The research which has gone into perfecting the IBS 2000 to improve any type of floor system is staggering.
The company has struggled in the past with some ill-fated marketing schemes because its limited finances provided only limited opportunities. This is normal for most cash-strapped start-ups and it had the normal effect on the stock price in 1997. But today, with cash in the bank and a new marketing approach, this company is set to take the best advantage of the huge interest it is generating in North American building circles.
Check out their new website, read there what Luxor has accomplished to date and I'm sure you'll agree that it's time to accumulate this stock down here before they fix their notorious IR problem. Once that gets done, it's gonna be too late.
Rick, I agree that we need to start a new thread as it looks like 1998 is not going to be business as usual for Luxor. Also I invite anyone out there to post their opinion, ideas or experiences relating to this company. We'd love to hear from you!
IMAL |
