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Strategies & Market Trends : RICA - Costa Rica International, a hot new stock

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To: Tom Shutters who wrote (52)12/20/1996 1:11:00 PM
From: Charles A. King   of 103
 
The stock has a very small float, is a solid growth company since 1969, has very good fundamentals, and the management intends to get the price up when it is ready to start making acquistions. In order to minimize the dilution of the stock at that time, the company intends to promote the company starting next year.

The plan is to complete the annual report which doesn't have to be completed until mid January. They are shooting for the end of December for that and then make a pretty annual report to send out to fund managers. The company's information will appear in the Wall Street Journal and Investor's Business Daily. I'm told a couple newsletters are interested.

To answer your question, I don't know what the price will be next year but I've heard double digits.

Charles
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