VCAR is definitely an undiscovered / undervalued stock in my opinion:
1/. The market for exotic sports car is worldwide. With a maximum annual production target for the M12 of almost 150 vehicles in 1997, VCAR is recognizing the value of domestic and international demand that will always be slightly ahead of production.
2/. A well chosen national dealer network will sell Vector products in all the major domestic markets. International sales will begin late in 1996.
3/. The engine of the M12 was developed by engineers from Vector and Lamborghini is working in close collaboration to achieve Vector's high performance specification. The V12 engine delivers over 490 horsepower and more than 425 foot pounds of torque from its 5.7 liters capacity. Dodger Viper, Stealth, Corvette and ... Porsche better watch out for the M12 !
4/. The M12 has received excellent review from the press and media at the official launch in Detroit at the North American International Auto Show in early 1996.
5/. As far as the financing is concerned, the company has received (subsequent to Dec 95) $4M which was the net of the payment of a $1M
note payable to V'Power, a major shareholder in VCAR.
6/. The company will hold its shareholder annual meeting on May 22, 96 in Ponte Vedra Beach, Florida. I think it will be an upbeat presentation to the shareholders. Vector Aeromotive has an enormous window of opportunity. The company is poised to tap into the world's insatiable appetite for American made products.
7/. By the way, VCAR has about 40.9M weighted average outstanding common shares at the end of 1995.
I am able to share with all of you - VCAR fans, this information based on the latest annual report that I just received from them. I all goes well, this stock should be selling at above $5 by year-end. Check this company out, it may offer excellent rewards for the shareholders down the line. I am a shareholder myself.
Regards,
Tony |
