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Microcap & Penny Stocks : JAWS;A P/E of 2 with 150%/yr Erngs Growth!!
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To: Craig B who wrote (2286)8/4/1998 8:10:00 PM
From: Ron Harvey  Read Replies (2) of 4230
 
Craig,
I e-mailed J Sitra with queries about a couple of the issues that you raised. Here's the response:

Ron,

Thank you for your interest in Great White Marine & Recreation, Inc.
In answer to your question, it is true that Great White only deals in
dollar denominations. All sales are conducted using the U.S. Dollar.
Hence, Peso fluctuations have no direct impact on Great White's sales or earnings results.

In theory, it is possible that the fluctuations in the Peso could
impact Great White's sales, but it is also true that the majority of
Great White's sales come from wealthier Mexicans and people who make Mexico their vacation destination. Sales to less fortunate Mexicans do occur and always will occur. Mexico has thousands of miles of coastline and even some of the poorest Mexicans have small watercraft that need outboard motors and/or engine oils. Great White sells these products and, because some of them are manufacturered in Mexico (QuickSilver engine oil and lubricants), the prices should always remain within touch of most Mexicans.

With that said, the Mexican economy is doing extremely well. In
fact, the entire Latin American region is doing quite well and
foreign investment continues to increase. The United Nations
predicts this trend will continue and accelerate over the next
several years. You could say we believe that we are in the right
place at the right time.

I hope that answers your questions and concerns. If you have any
additional questions, please feel free to contact me.

Sincerely,

J. Scott Sitra
Great White Investor Relations
jscott@sitra.com
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