I hate to say it, but OVIS is peeking my interest again...
OK, here it is...this company's management has appeared to me to be vey
disorganized when it comes to investor relations...they had a 30:1 reverse split, but
forgot to tell their investors until the day after it occurred...that really ticked me off, and
a lot of others too...after split, price was around $3....it dropped to $1 last
week...yesterday price jumped up over 1 1/2 on only 10,200 shares traded...
The good news...after reverse split, company now only has 890,000 shares
outstanding...expected revenues this year are estimated to be $12 million...with
earnings of $600,000...a PE of 10 puts this stock price at $7.40...a PE of 20 puts
price at almost $15....
This is still a risky investment, as we are still waiting for a 10K that is about 4 months
late....supposedly it is done, as well as the 2 10Q's which followed the 10K...all could
be released within the next 2 to 3 weeks...but who nows for sure...
At current prices I see litle downside risk, as most investors holding the stock pre-split
need at least $3 to break-even...and I believe will hold until then...
Please do some DD, because this is one of the riskiest investments I've ever
recommended...
Don't bet the farm, but maybe throw in a dozen eggs and see if any of them turn
golden...
just my opinion...
john |
