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Non-Tech : Titan Motorcycle Co. of America (TMOT)

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To: Dayuhan who wrote (79)6/29/1998 10:49:00 PM
From: Kurt A. Altmann  Read Replies (2) of 219
 
Summary of the CL King Report.....

For casual surfers that may not have seen this, CL King and Associates published an institutional report with a "Strong Buy" recommendation. The following summarizes the reasons for their recommendation:

* Titan should be able to increase earnings exponentially over the next six to seven years

* Aside from complete bikes, additional profitable opportunities have been identified that could have a significant positive impact on projected earnings (these are not currently captured in the business model)

* Management is experienced both in the industry, and at bringing early businesses to the "next level"

* The company is already near cash flow breakeven on an operating basis, and is likely to remain and improve in this status.

* Management owns 60 plus percent of stock, and has indicated that they have no intention of selling any material percentage in the near future.

* Titan has expressed their filing for National Market (NASDAQ) System, and hopes to be there within months.

The report goes into details on the company, market, management, product, etc, and concludes, "...Titan shares appear to represent an excellent opportunity to take an equity stake in a well organized and well positioned consolidator in the premium motorcycle after market."

The report is a great place to start your DD!

Kurt
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