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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: Due Diligence who wrote (1479)10/29/1998 9:48:00 AM
From: Walter Morton  Read Replies (1) of 5541
 
Some people want to invest in companies that are in industries that they understand so that they can judge whether or not they should be in that stock or another stock.

Some people don't believe that the manager of a Health & Fitness business knows how to manage a movie studio.

If they go from movies to car parts or perfume or some other unrelated business without building on the other, then I ask what the hell are they doing?

For example, if ETN bought a telecommunications (wireless)the analysts would go made and down grade the stock. Why? Because, the analysts don't think ETN knows how to manage any other kinds of companies than the ones they currently own. And ETN has been around for years.
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