RICA - Costa Rica International, a hot new stock Message Board

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

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To: lloyd bashaw who wrote (68)	1/5/1997 2:11:00 AM
From: Charles A. King	of 103

(Page Two) We saw a quarterly report for the quarter ending September 30th that indicated an excellent improvement in earnings as revenues went up and costs came down. I sent out a report that favorably compared the performance of family owned businesses compared to the other kind. I pointed our repeatedly that although the general economy of Central America is a basket case and things are still very rough in Costa Rica, Costa Rica is leading the way for the third world into the 21st century. While many businesses are having it very rough there, people still have to eat, and Costa Rica International is probably the closest thing to a home grown blue chip Costa Rica has. It is a solid, well run little company that has excellent prospects for the coming years, especially as the general economy improves. It is already taking advantage of an opportunity by expanding into Nicaragua by operating a processing plant there. The cost of doing business in Nicaragua should be quite low and we should see the results of that in coming years. An indication of the quality of the Costa Rican business climate was the news that Intel is going to build there. I reported on the stirring video RICA had made and the fact that RICA was exporting to several countries. RICA has Tom Campo working on getting the annual report put together in a nice annual report to be sent out. Meanwhile, I wouldn't be surprised if some people didn't wait to see a pretty pamphlet and jumped the gun with this stock. Costa Rica's reputation for extended peace and stability has got to be good for business. It got more recognition from the United Nations with its election as a non-permanent member of the United Nations Security Council this week as "recognition of the tradition of peace and democracy that Costa Rica symbolizes in the great concert of nations." I reported on the visit to Pipasa by Sal D'Cunto, a trader for M. H. Meyerson, who was very favorably impressed by the company. I also reported on the stockholders' meeting in Miami and passed along reports by SAC members who attended the analysts' meeting in NYC on August 6. That was when the stock started its premature run up to 4 5/8 just before Labor Day. That is why I think that when the time comes, we are going to see some pleasing action again. That is why I think 1997 is going to be a very Happy New Year! End of Message. Charles

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