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Non-Tech : Fountain Power Boats (FPWR) NASDAQ
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To: Mike Minster who wrote (196)2/16/1999 12:16:00 AM
From: Allan Corrado  Read Replies (1) of 241
 
Nice Post. I think FPWR could pull it off but...
We're looking at roughly a two year time horizon. In the meantime the story may lift the stock and who knows, we could have a buy-out by a Brunswick that doesn't have a line of fast cruisers(+50 mph). I've always liked the speedboats and started seeing more and more of them on the water over the years. A relative of mine owns one and runs big blocks on the bottle to +100 mph. No problem there.

I've already been in and out of this stock. Over a year ago I had to bail when Reggie made a deal for an engine company that fell through and forgot to tell the shareholders about it and got sued to boot. It is better for the company that he doesn't run things. The other day I saw the 65 footer in a magazine on the newstand and was impressed. It was a one-off test bed that they threw together, not a production model. The production model promises to be lighter and faster. In the near term the stock might bottom out at around 5. From there it will be a story stock that needs to execute over the next year or two. So far so good. Wall Street has not liked small companies for over three years now so I think FPWR will have to deliver and sell a few of these babies before they come back on the radar screen. It's an interesting long-term hold if you think they can do it...and like boats.

Al
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