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Gold/Mining/Energy : Carbite Golf Inc. Vancouver-CAB
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To: Mark Hollenbeck who wrote (153)4/6/1999 6:41:00 PM
From: David Michaud  Read Replies (1) of 209
 
When questioned about CAB's performance, here is what Grant Robertson responded:

Carbite was rated 3.5 stars at a price of $0.77 (original feature price was $0.58 in September 1998). The stock subsequently rallied to $1.16.

With the exception of an unquestionably poor year in 1997, which you have highlighted, the company has demonstrated consistent growth over the past 5 years. Not only did the company resume its growth in 1998, it surpassed both 1997 and 1996 levels. The poor performance in 1997 was due to a loss of sales focus due to the protracted delays in completing the merger with its subsidiary and the resulting delay in the launch of new products, primarily the polar balanced putter. We are presently examining the complete audited 1998 financial results and will provide full commentary shortly.

The following factors contributed to the rating:
1. Strong revenue and earnings growth (month over month growth last summer following launch of putter) and resumption of pre-1997 growth trend
2. healthy balance sheet
3. expanded marketing budget and new infomercial
4. extremely strong response to putter at recent trade shows (demonstrated through sales)
5. There is a reason the Taylor Made and Orlimar, two of the biggest names in golf, license Carbite technology... it works.

_________________
repost from www.stockdepot.com (BuyLowSellHigh) Grant R.
________________

It's a buy. That's what I say.

DM
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