SETO SETO SETO
I recieved this E-mail last night....just opened it (check out the 3rd paragraph....very interesting!!!):
From Comercio@Riogrande.net.mx (please respond to this address if you wish to be removed from my mailing list).
I have been tracking SETO Holdings, Inc. (OTC:BB SETO) for over 3 months now and I have been acquiring for the past 30 days. Last Friday, QuickPicks issued a strong buy rating for SETO just before the bell and the stock ran from around $.38/share to over $1.50 in 30 mins (including about 15 mins after the bell). I am anticipating similar buying in this issue over the next two sessions.
I am an executive with La Guardia Global Financial Services, based out of Monterrey, Mexico, and I have contracted with SETO to handle all of their investor relations and media relations. La Guardia GFS specializes in technical analysis, market research and investor relations. La Guardia has been compensated by SETO to manage their investor relations ($5k cash retainer / 150k shares of restricted stock, said stock is restricted until March 12, 2000). In addition to the above listed compensation, La Guardia GFS has purchased in excess of 100k shares of stock on the open market over the past 30 days, and will continue to acquire additional shares in SETO as our portfolio management protocol will allow.
Below you will find link to SETO's two most recent press releases. As stated within said Press Releases, we strongly feel that SETO's EPS for fiscal 1998, ending Jan 31, 1999 will be stronger than the estimate of $.03 per share. With a total of 11 million shares outstanding, EPS of $.03 would give SETO a profit of $3.3mm for 1998. Simple valuations would prove that at a P/E ratio of 30 would give SETO a total market capitalization of $9.9mm or $.90/share (when reviewing other companies in related business sectors, we find that the average P/E ratio is currently closer to 40). Technical analysis will further prove that if actual EPS exceeds $.03, this stock would be considerably undervalued, even as high as $1.50. Based on this information, as well as due diligence La Guardia GFS has performed on SETO Holdings, Inc., we currently consider this issue a STRONG BUY AND HOLD. Our near term (within 30 days) target for SETO is $2/share or better, and long term (6-12 months) is in excess of $5/share.
As always, we encourage and recommend highly that any investor do their own due diligence prior to making any investment, and we do not advocate purchasing shares in SETO based on this recommendation and/or technical analysis alone.
SETO Press from Monday, March 15, 1999: biz.yahoo.com
SETO Press from Wednesday, March 17, 1999: biz.yahoo.com
SETO Websites: www.SETOHOLDINGS.com / www.stidiamond.com /
SETO email: stiandecs@aol.com
ONCE AGAIN WE FULLY RECOMMEND THAT ANY AND ALL POTENTIAL INVESTORS RELY ON THEIR OWN DUE DILIGENCE PRIOR TO MAKING ANY INVESTMENT.
La Guardia GFS can reached directly at: Comercio@Riogrande.net.mx
or by calling toll free 1-800-292-1361.
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THAT IS ABSOULTELY CORRECT, do the math....this company is way undervalued!!!
Buying more!!
GO SETO GO!!
PhattJake
phattjake@hotmail.com
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