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Microcap & Penny Stocks : Bowser Subscribers

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To: John F. Poteraske who wrote (716)	7/22/1998 11:37:00 AM
From: Alowishus Hornblower	Read Replies (2) of 897

I stumbled on RVEE by accident, and need more insight on the corporation. Currently, I own Republic and Circuit City - parent of CarMax. Both these companies are getting killed on the earnings side, which makes me uneasy about the prospects of success for dealership chain consolidations. RVEE on the other hand, is not leveraged - close to $17 million net worth; almost $8 million cash; no debt; and probably the ability to raise additional capital on company real estate. The company has never utilitized its leverage, why? I think the real question plays on consolidation. Fleetwood's venture into dealership ownership on the manufacturered housing side of their business as well as Brunswick's backing of MarineMax points to a dramatic change in the marketplace, can RVEE be a player? Or will they be "gobbled up" by an even larger consolidator? Where is this stock going? --the old dog

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