I read your reasons, in a previous post, May 1, right around one of the "pump n dump" days, and you are right, this is no "sure" thing.
But then nothing in life is.
Some time in the future, after enough kids die, from playing with "real" guns, the govenrnment will require gun owners to make the guns safe for around the home. LOCK supplies a tool to aclomplish this task.
Not that they are the only company, but they do have the tool, and America is familiar with it.
This is JMHO
Sue
..........some info on the company......
Saf T Lock, Inc.
(NASDAQ:LOCK)
May 12, 1998
18245 S.E. Federal Highway
Tequesta, FL 33469
(561) 743-5625
Sector:
Consumer/Non-Cyclical
Industry:
Personal & Household Prods.
Saf T Lock, Inc., through its subsidiary STL Lock, Inc., designs, develops, manufactures and distributes patented and proprietary safety locks for guns. For the six months ended 6/30/97, revenues increased from $0 to $34K. Net loss from continuing operations decreased 50% to $433K. Revenues reflect the inclusion of sales entirely from the Saf T Lok product to individual handgun owners. Lower loss was partially offset by higher depreciation costs. |
